SportChek’s Sales Dip In Third Quarter
Canadian Tire Inc. reported SportChek’s retail sales were down 1.5 percent in the third quarter with comparable sales down 1.0 percent over the same period last year.
Wolverine World Wide Re-Aligns Brand Structure, Leadership
Wolverine World Wide, Inc. is reorganizing its brand group structure into the Active, Work, and Lifestyle Groups and appointed new leadership for each group.
OS1st Appoints SVP Business Development
OS1st hired industry veteran Chris Bevin as the brand’s SVP of business development.
BEA Report Confirms Strong Recovery For Outdoor Recreation Industry
Inflation-adjusted GDP for the outdoor recreation economy increased 18.9 percent in 2021, compared with a 5.9 percent increase for the overall U.S. economy, reflecting a rebound in outdoor recreation after the decrease of 21.6 percent in 2020, according to new analysis released by the U.S. Bureau of Economic Analysis (BEA).
Arena Names Global Marketing And Trade Marketing Director
Arena, the Italian swim specialist, hired Kamila Pilwein as global marketing & trade marketing director. She was EMEA head of channel marketing for Boardriders.
Solo Brands’ Q3 Revenues Vault 47 Percent
Solo Brands Inc. shrunk its loss in the third quarter ended September 30 as sales jumped 47 percent. The parent of Solo Stove lowered its sales guidance for the year but kept its outlook for gross margin and EBITDA margin.
Mizuno Shows Strong Gains In Fiscal Half
Mizuno Corp reported net profits grew 50.1 percent on a 16.6 percent revenue gain in the fiscal six months ended September 30. Sales were up 26.6 percent in the second quarter.
Pentland Brands Adds Chief Human Resources Officer
Pentland Brands hired Belinda Deery as chief human resources officer. Deery has held HR leadership roles within FTSE-listed, private equity and family-owned global companies, including Clarks, New Look, House of Fraser, and Debenhams.
Cocona Labs Hires Chief Operations Officer
Cocona Labs welcomed back Christopher Leyes as chief operations officer. Leyes returns to the company having worked as the director of operations at Pangea Organics.
Delta Apparel Adds VP Of Finance
Delta Apparel, Inc., parent company to Delta Apparel, Salt Life and others, tapped Jason Bates as VP of finance for its Delta Group business segment.
HanesBrands Lowers Guidance On Macro-Related Challenges
HanesBrands, Inc. reduced its sales and earnings outlook due to “increased macro-related challenges within the global operating environment.” Third-quarter earnings came in line with expectations despite global Champion sales decreasing 9 percent on a currency-neutral basis.
Wolverine Cuts Outlook On Supply Chain Disruption, Heightened Promotions
Wolverine World Wide, Inc. saw strong double-digit gains at Merrell in the third quarter but overall sales and profitability came in below plan due to supply chain and promotional pressures. The company reduced its guidance for the year.
Adidas Slashes FY Outlook After Kanye West Split
Adidas further slashed its 2022 outlook as it weighed the impact of its split from Ye, the rapper formerly known as Kanye West, while sluggish demand in China continued to impact sales.
Imports Slow As Holiday Season Ramps Up
Imports at U.S. container ports continue to slow from the records set earlier in 2022, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
RunSignup Sees Race Registration Improving
RunSignup in an October industry update said aggregated registration data continue to show signs of gradual improvement for the endurance race industry after the long-tail effects from the pandemic.
