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Milwaukee distributor hit with record fine for resale price maintenance

Inside Retail

Techtronic admitted it had entered into 97 agreements with retailers and dealers between January 2016 and July 2021. The conduct is harmful to price competition, resulting in consumers paying a higher price than they would in a truly competitive market, said ACCC deputy chair Mick Keogh.

Wholesale 272
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Under Armour Names New Americas President, Chief Legal Officer

Retail TouchPoints

Before joining Under Armour in 2020 as SVP of Americas Wholesale, Baxter served as President and CEO of LIDS Sports Group from 2016 to 2019. “With deep market knowledge and outstanding expertise we look forward to their proven leadership qualities helping to architect our next growth chapter.”.

Wholesale 272
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Kendra Scott Steps Down as CEO of Namesake Brand, Tom Nolan to Take the Reins

Retail TouchPoints

a robust online business and wholesale distribution at Neiman Marcus, Nordstrom, Bloomingdale’s and 600 specialty boutiques worldwide. He first joined the Kendra Scott board in 2014 and in 2016 joined the company as Chief Revenue and Marketing Officer. and increasing the company’s wholesale presence.

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DTC Activewear Brand Vuori Valued at $4B After Latest Funding

Retail TouchPoints

Launched in 2016 as a DTC business, Vuori has since expanded to brick-and-mortar via wholesale at retailers including Nordstrom and REI , as well as with 10 standalone stores. Vuori has received a $400 million investment from SoftBank Vision Fund 2 that values the activewear brand at $4 billion just six years after its debut.

ATS 261
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Under Armour Begins Search for New CEO as Frisk Steps Down

Retail TouchPoints

Frisk’s remit when he joined was to reengineer Under Armour’s structure, systems and go-to-market process. Frisk promptly set about shifting the company’s focus away from wholesale and toward DTC, following in the footsteps of competitors in the space like Nike and lululemon. Browne has held the role of COO since 2020.

Wholesale 283
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Consolidation and live shopping: Four e-commerce trends to watch in 2023

Inside Retail

Across our network of 30 omnichannel and pureplay online retailers in Australia, we’re seeing a trend towards consolidation and specialisation, which are interrelated, as large and addressable markets remain underpenetrated. Over time, this will change traditional wholesale for the better. The rise of the B2B2C marketplace.

Shopping 264
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Graf Lantz Seeks Growth Without Sacrificing Product Quality or Sustainability

Retail TouchPoints

For most of its 15 years in operation, Graf Lantz had a cult-like following based on its timeless product designs and emphasis on high-quality, sustainable materials — conditions that led to a steady 25% year-over-year growth rate since 2016. She added that the wholesale team has mapped the entire U.S.