June 15, 2022 Back-to-School Sales Forecast to Grow 7.5%
Mastercard SpendingPulse is projecting 7.5% retail sales growth in the July 14 through Sep. 5 Back-to-School season, an 18.3% improvement from the comparable pre-pandemic 2019 period. Connexa Raises $4.2 Million in Public Offering
Connexa Sports Technologies, formerly Slinger Bag, sold 1,048,750 million shares of its common stock at $4.00 per share to meet the minimum bid threshold of $4.2 million and is moving to the Nasdaq Capital Market under the ticker symbol CNXA. Sporting Goods Sales Inch Down in May
Sporting goods/hobby/book and music store adjusted sales were slightly down in May, falling to $9,067 million from $9,086 million, according to Commerce Dept. data. Hypebeast Opening NYC Store and Office
On its way to listing on Nasdaq this fall via a SPAC reverse merger, the Hong Kong-based e-tailer and media company will open its New York City flagship on June 17. Caleres Outlook Revised Up by S&P Global
The rating agency changed its outlook for the Famous Footwear parent to positive from stable, while affirming its B+ issuer credit rating on the company, citing improved leverage and operating results. Amazon Touts Brand Protection Progress
In 2021, the e-commerce giant identified, seized and disposed of more than 3 million counterfeit products, according to its second Amazon Brand Protection Report, up from around 2 million in 2020. FeraDyne Outdoors Buys Scent Crusher
Feradyne has acquired Scent Crusher, a company that specializes in ozone activated technology to eliminate odors on clothing and gear, for undisclosed terms. CHP Task Force Recovers Stolen Lululemon Goods
The California Highway Patrol's Organized Retail Crime Task Force seized 1,861 items of stolen Lululemon merchandise with a retail value of $203,688 from an apartment in La Habra, CA.
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