EXEC: Chairman of BDE’s Parent Makes Bid To Acquire Its Ammo Business
Clarus Corp.’s executive chairman, the largest shareholder, Warren Kanders, submitted a non-binding bid to acquire the company’s Precision Sports segment, which includes Sierra Bullets and Barnes Bullets brands, for $160 million.
Macy’s, Inc. to Hire for More Than 38,000 Seasonal Positions
Macy’s, Inc. reported plans to hire more than 38,000 full- and part-time seasonal workers for the upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores and distribution centers, consistent with open positions in 2022.
Rally House Sets Plans to Open Six Stores
Rally House announced plans to open six stores this fall in Missouri, Michigan, Indiana, Ohio and Kentucky.
Puma Extends Scuderia Ferrari Partnership
In the coming years Puma will also continue to be the licensing partner for Ferrari-branded products and the supplier of F1 team and race wear for Ferrari and will become its premium partner starting in 2024.
Lands’ End Names CFO
Lands’ End, Inc. announced that Bernard McCracken, the company’s interim CFO since January 2023 and chief accounting officer since April 2014, was named chief financial officer.
Pure Hockey To Open Second Store in Virginia
The new store is scheduled to open in Springfield, VA, with a grand opening event scheduled for October 14..
Dick’s Sporting Goods Appoints BJ’s Chairman to Board of Directors
New director Bob Eddy has served as president and CEO of BJ’s since April 2021. He was appointed chairman in June 2023 and has served on the company’s Board of Directors since 2021. Dick’s Sporting Goods Board expanded to 12 directors.
Fjällräven Opens First Retail Store in Montana
Fjällräven expanded its global retail footprint with a new brand store in Bozeman, MT, its first in the state, that opened on September 2.
Asics Corp. Appoints New Chairman & CEO and New President & COO
The Asics Corporation Board of Directors appointed a new president and reappointed other current top executives to posts other than their current roles.
Westminster College Partners with Nike/BSN Sports
Westminster College, based in New Wilmington, PA, established a product supply agreement with Nike and BSN Sports.
Foot Locker’s Debt Ratings Lowered by S&P
S&P Global Ratings downgraded the debt ratings of Foot Locker, Inc. following the sneaker giant’s report of weaker-than-expected second-quarter earnings amid elevated promotional activity and weak consumer demand.
POC Appoints Cycling Industry Vet as New CEO
POC, based in Sweden, has appointed Derek Bouchard-Hall as CEO. Before joining the helmets, eyewear, protection, and apparel manufacturer, Bouchard-Hall was CEO of Assos, president and CEO of USA Cycling and the director of International at Wiggle.
EXEC: Nike Confident In Profit Recovery in FY24
At its annual meeting, Nike officials expressed confidence that profitability would bounce back in the coming fiscal year ended May 2024 after markdowns to clear excessive inventories led to a profit shortfall in the prior fiscal year. Execs were also bullish on the brand’s innovation pipeline, structural tailwinds behind the athletics space and its evolving marketplace strategy.
Report: August Mall Foot Traffic Decline Data May Have Some Positives
Placer.ai said in its August 2023 Mall Index report that while MoM visits fell for the month, other foot traffic metrics painted a rosier picture for the period when delving deeper into the location analytics.
AlixPartners: Holiday Retail May Be A Tale of Two Cities Again this Year
The consulting firm’s Holiday Outlook Survey of more than 1,000 American consumers found that 26 percent of consumers plan on spending less this holiday season with 38 percent of households with incomes under $45K planning to spend less.
