Report: Shein Filed for London Listing in Early June After U.S. Snub
The filing, which would initiate the process for a listing on the London Stock Exchange, comes after the company explored a listing on the Exchange early this year after lawmakers opposed a U.S. listing, Reuters reported in May, citing sources.
REI Adds Two Board Members
Patricia Lopez, a former executive in the beauty industry, and Doug Mack, former CEO of Fanatics, were elected to the company’s board of directors in May.
WHO Report: Global Levels of Physical Inactivity Among Adults Continues to Rise
In the World Health Organization’s recently published study, physical inactivity is a silent threat to global health, contributing significantly to the burden of chronic diseases, with physical inactivity still more common among women globally than men.
Golftec Opens Second Mainland China Location
The new location joins the Golftec Shenzhen Q-Plex location as the second center in the Nanshan district of Shenzhen, a metropolitan region of over 17 million people with a strong golf community.
Vista Outdoor Again Postpones Shareholder Vote on CSG Transaction
Vista Outdoor, Inc. announced Thursday morning that it will adjourn the special meeting of stockholders that had been scheduled for July 2 to July 23 to vote on the sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG) to explore an upgraded bid for the higher company by MNC Capital.
Omni Retail Enterprises Names CEO
Former Vitamin Shoppe CEO and Pier 1 Imports exec, Sharon M. Leite, will lead the revitalization of Omni’s retail, educational and health & wellness brands.
Levi Strauss’ Q2 Profits Top Expectations, Boosted by Americas Strength
Levi Strauss & Co. reported a strong earnings uptick in the fiscal second quarter ended May 26 as sales grew 8 percent with double-digit growth in the Americas. Beyond Yoga’s sales grew 13 percent.
Hibbett Expands Omnichannel Fulfillment Capabilities
Expanding its omnichannel fulfillment capabilities will offer Hibbett and City Gear customers more convenience when shopping with the retailer.
Chief Omni and Innovation Officer at Tapestry Joins ThredUp’s Board
Noam Paransky, a retail and tech executive, brings 25-plus years of experience to ThredUp’s Board of Directors to enhance the secondhand shopping experience.
For Bare Feet and Pro Compression Parent Names CEO for Sock Companies
For Bare Feet, LLC and its owner Taglich Private Equity, LLC have appointed Justin Fredericks as the CEO, effective immediately. Fredericks will also serve as CEO of Pro Compression, another brand in the Taglich Private Equity portfolio.
Mammut Sports Group Appoints Country Manager for Austria
Manuel Kronberger as the new country manager for Austria, leading the strategic and operational efforts for the market. Joining him are Hermann Eder and Christian Holzer to manage sales from the company’s new showroom in Salzburg.
Report: May U.S. Golf Rounds Show Slight Decline
Golf Datatech reported that in May the Mid-Atlantic had the biggest decline in golf rounds played, off 5.1 percent, followed by New England, South Central, West North Central, and South Atlantic.
Smith & Wesson Must Comply With Subpoena In Deceptive Ad Probe
The company said in a previous filing that the suit sought to “suppress and punish lawful speech regarding gun ownership in order to advance an anti-Second Amendment agenda.”
Varsity Brands Appoints First Chief Security Officer
As CSO, veteran law enforcement officer and security expert Lisa Olivieri manages Varsity Brand’s integrated security and safety efforts, events, competitions, offices, and facilities. The company also announced safety and security advancements in its spirit division, Varsity Spirit.
DTLR Names SVP of Marketing and Community Engagement
Lifestyle retailer DTLR, which has over 250 stores in 21 states, promoted Antonio Gray to senior vice president of marketing and community engagement. Gray previously served as the VP of apparel.
