Tapestry Inc., the parent of Coach, Kate Spade and Stuart Weitzman., has hired Scott Roe as chief financial officer, effective June 1, 2021. Roe was formerly VF’s CFO.
Month: April 2021
CODI Sees Q1 Revenues Expand 38 Percent
Compass Diversified (CODI) reported net sales rose 38.4 percent for the first quarter ended March 31 and raised its earnings guidance for the year. The company said it was helped by last year’s acquisition of Marucci and BOA.
Columbia Sportswear Hikes 2021 Outlook On Robust Q1 Results
Columbia Sportswear Company raised its guidance for the year after reporting first-quarter sales and earnings arrived well above Wall Street’s targets and seeing healthy early Spring 2021 sell-through and Fall 2021 orders. The first-quarter gains were led by direct-to-consumer e-commerce business, which grew 35 percent year-over-year.
HanesBrands Names Chief Financial Officer
HanesBrands announced that Michael Dastugue has been named chief financial officer. Most recently, Dastugue was executive vice president and chief financial officer at Walmart U.S.
Inside The Call: Puma Seeing Momentum Across Categories
On Puma’s quarterly media call, CEO Bjørn Gulden said the brand’s 26 percent jump in first-quarter sales came despite ongoing coronavirus lockdowns and congestion at U.S. ports and reflected strength across running, golf, basketball and lifestyle offerings. He also predicted a return to sport with the help of the Olympics and EURO Cup.
Mountainsmith GM Jonathan McFarland Talks Heritage, Retailer Importance, COVID Pivots, And Product
SGB Executive caught up with GM Jonathan McFarland for his take on Mountainsmith’s longevity, momentum and more.
Inside The Call: Winchester Rides Popularity Of Target Shooting
Olin Corp. reported sales at its Winchester ammunition business catapulted 107 percent in the first quarter. The gains were driven by its purchase of the Lake City U.S. Army Ammunition Plant and heightened interest in target shooting coming out of the pandemic.
L.L.Bean To Open Seven Stores In 2021
Following its strongest fiscal year in nearly a decade, L.L.Bean announced it will open seven new retail stores across the U.S. and Canada in 2021. These include three stores in the U.S. and four in Canada.
Academy Sports’ Debt Ratings Outlook Raised To Positive
Moody’s Investors Service changed its outlook for Academy, Ltd. to positive from stable. The change in outlook to positive from stable reflects Academy’s outperformance relative to expectations since the IPO, and the potential for the company to maintain solid credit metrics as demand in the sporting goods category moderates.
Unifi Announces Strong Third Quarter Results
Unifi Inc. reported earnings on an adjusted basis improved 17 percent on strong improvement in margins and a sales gain of 4.6 percent.
Camping World Appoints Vice President Of Learning And Development
Camping World Holdings Inc. appointed AnnaMarie Balch Olson as vice president of Learning and Development.
XS Sights Announces Staff Promotions
XS Sights announced the promotions of Zack Kinsley to vice president of business development and Addison Monroe to marketing manager.
Coonhound Adds Coverage For Western Canada
Coonhound Sales & Marketing, Canada’s outdoor sales agency, hired Shaun Furlong as territory sales manager for Hard Goods covering the western Canadian provinces.
LifeStraw Expands Leadership Team
LifeStraw expanded its leadership team naming Kelly Neel head of global sales for the outdoor channel and Shannon Randlett head of mass retail. Tara Lundy was promoted to chief brand officer.
Adidas Signs Football Deal With Boston College
Adidas entered a three-year partnership to become the official athletic footwear, apparel and accessory brand of Boston College’s football program through the 2023 season. The deal comes after Boston College on April 13 announced a lucrative deal with New Balance to outfit its non-football teams.
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