Brand Velocity Group Adds New Principal to Investment Platform
Daniel Hodges joins BVG from Alliance Consumer Growth where he was a principal responsible for deal sourcing and execution, and portfolio company oversight.
EXEC: Adidas Cites Argentine Peso Issue, Lack of Yeezy Sales for Q4 Sales Decline
The two percent decline in Q4 included a drag of around five percentage points related to the devaluation of the Argentine Peso. In addition, the lack of any Yeezy business weighed on the year-over-year comparison in an amount of around €100 million.
Foot Locker, Inc. Names Executive VP and Chief HR Officer
Cindy Carlisle brings over 24 years of leadership experience to the role. She joined Foot Locker, Inc. from Stryker Corp., where she was group vice president of human resources.
CNBC/NRF: February Retail Sales Continued Growth Trend, Boosted by Leap Day
Accounting for the extra day in February, total adjusted retail sales MoM softened from an increase of 1.06 percent to an increase of 0.4 percent. Core retail sales also softened from an increase of 0.95 percent to an increase of 0.27 percent.
Thermore Introduces Freedom Stretch Insulation
Freedom, made from 50 percent post-consumer recycled polyester, offers “ground-breaking stretch” while providing warmth across many uses for active pursuits.
Gearhead Outfitters Expands into CO with Summit Canyon Mountaineering Deal
The latest expansion increases the retailer’s footprint to over 20 locations in Arkansas, Tennessee, Oklahoma, Missouri, Kansas, Illinois, and now Colorado.
Nosler Announces Promotions; Re-Aligns Marketing Division
Nosler, Inc., the U.S. ammunition manufacturer, promoted Mason Payer, John Nason, and Madi Woodward as it re-aligns its marketing division for continued growth and brand development.
EXEC: On Holding Shares Take a Hit as Analysts Question 2024 Outlook
On generated revenue of more than 1 billion Swiss francs in the Americas region for the full year and more than 1 billion Swiss francs in consolidated gross profit and consolidated net sales from the Wholesale channel for the year.
2024 Retail Strategy Checklist: Maximizing Wholesale Channels for Active Outdoor Brands
Sponsored Content From ENDVR: To ensure your brand is poised for success in the wholesale/retail channels in 2024 and beyond, exploring the 2024 Retail Strategy Checklist for Active Outdoor Brands is a critical first step. This resource will equip your brand with the strategies to thrive in an ever-evolving industry landscape.
Black Diamond Equipment Appoints Creative Director
Kasey Jarvis returns to Black Diamond as the brand’s creative director. Most recently, Jarvis was the chief design and development officer at Under Armour.
Kohl’s Swings to Q4, Full Year Profit as Retailer Posts Best Comps Since 2010
The store business had its best comparable sales performance since 2010 and the retailer managed inventory down 10 percent at year-end. Net income was $186 million in Q4, compared to a net loss of $273 million in Q4 2022.
Brooks Appoints Dan Sheridan Next CEO as Jim Weber Plans Departure
Jim Weber will step down as CEO of Brooks Running Company this spring after 23 years in the position. Dan Sheridan, company president and chief operating officer, will succeed Weber as CEO, effective April 26, 2024.
North Point Brands Adds RepYourWater to Brand Portfolio
The husband-and-wife co-founders of RepYourWater, Garrison and Corinne Doctor, will bring their talents to all sectors of North Point Brands.
On Holding Continues Strong DD Growth into Q4 with DTC Leading the Way
The company said the strength and increasing awareness of the On brand drove record-high traffic to the brand’s website and retail stores worldwide, resulting in a 46.2 percent direct-to-consumer share, the highest in the company’s history.
Clarus Board Appoints New Director, Approves Top Shareholders to Increase Stakes
The parent of the Black Diamond, MaxTrax and Rhino-Rack brands, has appointed Roger Werner to serve on the Board of Directors, effective as of March 8, 2024 and approved two top shareholders’ bids to increase ownership percentage.
