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Good evening, below is today's KPA daily news brief. 

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KPA DAILY NEWS BRIEF | AUGUST 3, 2021
Leadership Changes
Kroger Adds former US Secretary of Labor Elaine Chao to its Board (Kroger IR)
PetMed Express Names former Petco exec Jodi Watson and eBags.com Co-Founder Peter Cobb to its Board (Yahoo)
THOR Industries Adds Christina Hennington of Target and Laurel Hurd of Newell Brands to its Board (PR Newswire)
Earnings Report
Alibaba Q1: 34% rise in revenue to $31.9 Billion (Alibaba IR)
Columbia Sportswear Q2: Net sales up 79% to $566.4 Million (Columbia IR)
Freshpet Q2: Net sales of $108.6 Million, an increase of 35.8%; is feeling the pinch from inflation (Freshpet IR)
Joules FY21: Swings to £6.1 Million profit for the year; sees a 48% surge in online sales (Joules IR)
New Look FY22: Revenue up 181.7% to £194.4 Million; e-commerce sales up 43% vs. two years ago (New Look IR)
Ralph Lauren Q1: Net revenue rose nearly threefold to $1.38 Billion; digital commerce up 45% (RL IR)
Under Armour Q2: Revenue up 35% to $1.3 Billion; DTC revenue increased 54% (Under Armour IR)
Financing / M&A
Iconix Brand Group Sold to Lancer Capital in an all-cash deal for $585 Million (WWD)
Joor Raised $46 Million in Series D funding led by Macquarie Capital Principal Finance (WWD)
Nykaa Indian e-commerce start-up for beauty products filed preliminary documents for an IPO (BoF)
Sweaty Betty Acquired by Wolverine World Wide for $410 Million from L Catterton (WWD)
Other Retail News
Amazon A federal labor official is recommending overturning the results of the union election at a warehouse in Alabama (Bloomberg)
American Dream Will be opening its luxury retail wing next month, with brands including Tiffany, D&G, and a Saks department store (WSJ)
Bed Bath & Beyond Partnering with Kris Jenner on an exclusive line of cleaning products (Retail Dive)
BigCommerce Names fintech company Sezzle as a new preferred BNPL partner (Businesswire)
NYFW Will require proof of vaccination to attend in September (WWD)
Oscar de la Renta Is going fur-free by the end of October (WWD)
Outer DTC outdoor furniture brand opened its 1,000th neighborhood showroom last month (Retail Dive)
Poshmark Is launching in India (WWD)
Restory UK-based luxury handbag repair company is getting into clothing aftercare services (BoF)
Steve Madden Attempting to avoid supply chain disruptions by moving production to Mexico and Brazil from China (BoF)
Relevant Reads
New York City will require proof of vaccination for indoor dining and fitness (NYT)

Three ways that brands are tapping into China's digitally native luxury shoppers (BoF)

As SPAC creators get rich, how the incentives are actually shared remains murky (WSJ)

You can pay or you can wait': How retailers are navigating a shipping crisis (Retail Dive)
ABOUT KIRK PALMER ASSOCIATES

We place transformative leaders in the world's most compelling brands. 

Now more than ever, decisive leadership is critical to succeeding in a changing retail environment. If you are seeking executive talent, feel free to reach out. We would love to help. 
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