The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.
Author: SGB Media
On Elects New Independent Member to Board
On elected Laura Miele as an additional independent member of its Board of Directors. Miele will also serve as a member of the Audit Committee.
Golfzon Social Opens in Brooklyn
Golfzon Social combines the expertise of Golfzon and Troon. The simulators, powered by Golfzon’s software and hardware, offer a golfing experience, while Troon’s food, beverage and hospitality services ensure customers have a memorable experience.
Shoe Carnival Posts Q1 Comp Sales Decline; Net Sales Up on Acquisitions and E-Commerce
Sales from the February 2024 acquisition of Rogan Shoes, Inc. were in line with expectations and continued growth in Shoe Station and e-commerce, combined with strengthening trends in the Shoe Carnival brand.
Delta Apparel Chairman and CEO Resigns at Request of Independent Directors
The parent of the Salt Life, Soffe and Delta brands confirmed that company Chairman and CEO Robert W. Humphreys resigned from all positions with the company, effective June 29. The company appointed a chief restructuring officer to advise the Board on succession planning.
IKamper Hires New Product Manager Ahead of S/S Product Launches
Previously at SOG, Chris Cashbaugh brings over 20 years of experience in the outdoor industry to the role.
VF Corp. Appoints Paul Vogel as Chief Financial Officer
As previously announced, he will succeed Matt Puckett, who will be stepping down, effective July 8, 2024.
Vans Brand and Americas Region Continue as Biggest Issues for VF Corp. Turnaround
TNF was down 5 percent in Q4, with brand DTC up 6 percent in reported terms or up 7 percent in constant-currency (CC) terms. Vans was reportedly down 26 percent (-27 percent CC) year-over-year (YoY) for the period,
EXEC: TAF Parent Completes Acquisition of Germany-Based Lloyd Shoes
Arklyz owns The Athlete’s Foot, Asphaltgold, Intersocks, Arkrod, and several global licenses or wholesale distribution for Salomon, Head, Nordica, Mammut, Crocs, Adidas, HeyDude, and others.
E-Commerce Brands Unite Under New Company, Nameplate
Omni is the parent company of Bodybuilding.com, Pier 1.com, DressBarn.com and Mentorbox.com, and owns the intellectual property of Modell’s Sporting Goods, Franklin Mint, SteinMart, Linens-N-Things, and Ralph & Russo.
Breakthrough Golf Technology Inks Japan Distribution Deal
BGT, founded by golf industry veteran Barney Adams, reported it secured an exclusive distribution partnership with Sports TMC, Ltd., a Japanese distributor of golf products.
SFIA Promotes Kerman and Hoffman to New Roles in the Organization
Alex Kerman is now the association’s senior director of research and business operations and Chandler Hoffman is director of membership and technology.
Report: Golf Equipment Sees Sales Decline at Specialty Cut into YTD Trend
The best-performing category was Putters, which grew 14 percent YoY for April, followed by Wedges (+11 percent) and Distance Devices (+2 percent).
Insite Performance Hires Nike Veteran as Director of Innovation
Dr. Caleb Dyer brings over a decade of experience to the role in engineering footwear polymers, having served as a material innovator, Polymer Lab manager and lead chemical engineer at Nike since 2012.
Topgolf Names New Chief People Officer
Maryam Morse will reportedly oversee “recruitment and retention, leadership development, training and compliance, the Playmaker (aka employee) experience and Topgolf’s internal mental well-being platform.”
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