Origin Taps Under Armour Co-Founder As Strategic Advisor
Origin has tapped Under Armour Co-Founder Kip Fulks as a full-time strategic advisor and partner.
Kohl’s Appoints Kingsbury CEO
The Kohl’s Corporation’s board of directors has unanimously appointed Tom Kingsbury as Chief Executive Officer, effective immediately.
Columbia Sees Q4 Net Income Fall 20 Percent Despite Solid Sales Growth
Columbia Sportswear Company reported that fourth-quarter net sales increased 4 percent (8 percent constant-currency) to $1.17 billion from $1.13 billion for the comparable period in 2021.
Crate & Barrel Taps 20-Year Nike Vet For COO Role
Crate & Barrel Holdings, Inc. hired Mike Brewer as chief operating officer. He brings a broad range of experience, including 20 years working at Nike, Inc.
NRF Economist Sees 2023 Recession As Unlikely Prospect
The National Retail Federation Chief Economist, Jack Kleinhenz, believes a recession is unlikely in 2023, and the economy should see slight growth for the year as consumers continue to manage through inflation and high interest rates.
Champion Parent Posts Q4 Loss On Double-Digit Revenue Decline
HanesBrands, Inc. reported net sales from continuing operations decreased 16 percent to $1.47 billion, which includes a $55 million unfavorable impact from foreign exchange rates, compared to last year.
The Buckle Posts 6.1 Percent Comp Store Sales Gain In January
The Buckle, Inc. comparable store net sales increased 6.1 percent for the 4-week fiscal month ended January 28 versus the comp month in the prior year.
Black Diamond Equipment Appoints New Brand President
Black Diamond, Equipment, Ltd., a subsidiary of Clarus Corp., appointed Neil Fiske as brand president. Fiske is responsible for “accelerating growth and increasing profitability by capitalizing on attractive expansion opportunities across various categories, channels and regions.”
Canada Goose Cuts Outlook On Weaker China, North America
Canada Goose Holdings Inc. reported earnings and sales came in below guidance in the fiscal third quarter ended January 1 and lowered its outlook for the year due to worse-than-expected COVID-19 related disruptions in Mainland China and slowing momentum in North America.
Vista Outdoor’s Fiscal Q3 Earnings Slump 39 Percent
Vista Outdoor, Inc. reported earnings on an adjusted basis fell 39.2 percent in its fiscal third quarter ended n December 25, as sales declined 5 percent. Sales dropped 13 percent in its Sporting Products segment while gaining 5 percent in its Outdoor Products segment. The company slightly downwardly adjusted its guidance for the year.
Vista Outdoor Board Pushes CEO Metz To Resign
Vista Outdoor Inc. announced that Chris Metz has agreed to resign as CEO and director at the request of the Vista Outdoor Board “based on the Board’s loss of confidence in his leadership for reasons not involving financial reporting or internal controls.” Gary McArthur, a member of the company’s Board of Directors, has been appointed interim chief executive officer, effective immediately.
Costco January Comps Fall 15.4 Percent
Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year.
Unifi’s Fiscal Q2 Sales Plummet 32 Percent
Unifi, Inc. reported a net loss of $18 million in its fiscal second quarter ended January 1 as sales fell 32 percent. Results were in line with a pre-announcement on January 19.
Nordstrom’s Debt Ratings Outlook Reduced
S&P Global Rating lowered its outlook on the debt ratings of Nordstrom due to the retailer’s weaker-than-expected performance.
New Era Snags Licensing Deal For Formula E Racing
Formula E and international sports and lifestyle brand, New Era, have entered into a multi-year global licensing deal for a range of fan headwear products with New Era supplying the official podium cap for the first time in motorsport.
