In The News: NRF, Native, Big 5, Academy, Asics
NRF 2021: Retail’s Big Show-Chapter 2, scheduled for June at the Javits Center in New York City, is moving to an online format. In a statement, the trade group said the convention center will unlikely be available in June since it’s currently serving as a field hospital for COVID-19 patients and will also be serving as a Coronavirus vaccination site for New York City residents.
Native Shoes recently promoted Kyle Housman, president at the Vancouver, British Columbia company for the last four years, to CEO. The former lululemon executive takes his title and responsibilities from Scott Hawthorne, who is moving into an Executive Chairman role where he will focus on the brand’s long-term direction. Hawthorne and a few additional investors acquired Native in 2013.
Tariffs on imports from Vietnam were not imposed by the Office of the United States Trade Representative (USTR) during the Trump Administration, but further discussions on that matter and the Asian country’s currency practices could be taken up by the Biden Administration.
Big 5 Sporting Goods generated a 10.5 percent increase in fourth quarter same-store sales for the period ended Jan. 3. The chain’s merchandise margins rose approximately 240 basis points during the quarter. BGFV’s full-year sales rose nearly 4.4 percent to $1.04 billion as annual same-store sales increased 3.0 percent in 2020.
Academy Sports and Outdoors, the regional, full-line sporting goods chain, has eliminated its Chief Operating Officer position. Current COO Kenneth D. Attaway will depart the Katy, TX-based company on Jan. 29. His current responsibilities are being divided between EVP/CFO Michael P. Mullican and EVP of Retail Operations Sam J. Johnson.
Asics has signed a multi-year partnership to become title sponsor of the Falmouth Road Race, beginning with its 49th running this summer. First held in 1973, Falmouth has become one of the country’s premier road races, welcoming over 10,000 runners each year. The race draws an international field of Olympians, elite and recreational runners to run its iconic 7-mile seaside course in Cape Cod, MA. This summer, the Asics Falmouth Road Race is scheduled to be held August 15, pending approval by the Town of Falmouth.