The company said it expects to effect the separation by spinning off the Topgolf business to Topgolf Callaway Brands’ shareholders in a transaction that is intended to be tax-free for both the company and its shareholders for U.S. federal income tax purposes.
Author: SGB Media
Helen of Troy Announces New $500M Share Repurchase Authorization
The repurchase program does not require purchasing any minimum number of shares and may be implemented, modified, suspended, or discontinued in whole or in part at any time without further notice.
Tilly’s Takes a Shifting Calendar Hit to Second Quarter Sales; Improves EPS Loss to Zero
The calendar shift impact of last year’s 53rd week in the retail calendar, which caused a portion of the back-to-school season’s sales volume to shift into the latter stages of the second quarter from the beginning of the third quarter last year.
Zumiez Gets Q2 Sales Lift From Year-over-Year Calendar Shift and Narrows Net Loss
The company experienced a noticeable acceleration in its sales trend as the second quarter unfolded, with July North America comparable sales increasing in the high-single digits and encouraged about prospects for growth over the remainder of fiscal 2024.
Cotopaxi Opens Store on Boston’s Newbury Street
Located in the heart of Newbury Street, the store was originally a 19th-century schoolhouse before retail.
Arc’teryx to Feature First ReGear Showroom in New Brand Store in NYC
The flagship store will sell new and pre-owned Arc’teryx apparel and gear, with one floor dedicated to its ReBird Service Center, offering product care and repair services.
Shoe Carnival Raises Guidance on Strong Back-to-School Results
Sales accelerated during the peak back-to-school season and continued through the month of August. The company achieved low-single digit comparable store sales growth for Fiscal August 2024, driven by growth of the Children’s and Athletics categories.
Macy’s, Inc. Announces Debt Tender Offer
Macy’s Retail Holdings, LLC, has commenced a cash tender offer to purchase up to an aggregate principal amount of certain of its outstanding notes for a combined aggregate purchase price of up to $220 million.
Freemotion Partners with Grupo Multi, Expands Presence in Brazilian Fitness Market
Freemotion entered into a strategic partnership with Grupo Multi, the Brazilian fitness distribution company. The announcement follows the appointment of Yvette Cisneros as Freemotion’s sales director for LATAM.
Kästle USA Appoints Steven Poulin as President and CEO
The Austrian ski brand, founded in 1924, said the timing of Poulin’s hire would accelerate growth as it introduces new categories.
ZeroTech Optics Hires New Marketing Manager
Mack Winzenburg previously worked at Weatherby and Gun Fighters, Inc. His passion for filmmaking, the outdoors and his industry experience make him a perfect fit for ZeroTech’s marketing efforts in the U.S.
Kimber Welcomes Sports South to Bolster Sales Distribution
Kimber Mfg., Inc., headquartered in Troy, AL, designs and manufactures firearms for individual, sporting, law enforcement, and military markets.
Tiger & Rory Tap PGA Tour VP as Business Development Chief for TMRW Sports
For the last 15 years, Brian Cleek has held business development roles at the PGA of America, Roush Fenway Racing and, most recently, PGA Tour.
Lands’ End Narrows Q2 Loss as Margins Improve Despite Sales Decline
The company reported that Gross Merchandise Value increased in the mid-single digits year-over-year for the quarter . Net revenue decreased to $317.2 million in Q2, compared to $323.3 million in fiscal Q2 2023.
G-III Inks Global Converse Apparel License; Ups EPS Guidance of Strong Q2
G-III said with Converse holding a position as an iconic American youth lifestyle brand the agreement represents a significant opportunity for the company to expand the G-III active lifestyle business.
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