HanesBrands announced Tuesday that the company’s current chief accounting officer and controller, M. Scott Lewis, will serve as interim chief financial officer, effective January 9.
Author: SGB Media
Report: Active Ride Shop To Auction Assets
Active Ride Shop, the skate shop based in Rancho Cucamonga, CA, has been taken over by its lender, GemCap. At least eight of its 26 stores have closed and its website has been shut down, according to a report from ShopEatSurf.
Zumiez’s Holiday Sales Jump
Zumiez raised its fourth-quarter guidance after reporting comparable sales increased 6.8 percent for the nine-week period ended January 4.
Honey Stinger Announces Senior Brand Manager
Honey Stinger, the sports nutrition brand featuring honey, has appointed Scott Larson as the company’s senior brand manager. Larson’s appointment marks the third addition to Honey Stinger’s team in as many weeks, as the brand continues its steady growth.
Stage Stores Reports 1.4 percent Holiday Comp Increase
Stage Stores reported same-store sales rose 1.4 percent for the nine-week period ended January 4, but came in below expectations.
Cabela’s Closing Two Stores
Cabela’s is shuttering its Fort Oglethorpe, GA, and Bristol, VA, locations and consolidating those stores with nearby and expanding Bass Pro Shops in Chattanooga, TN, and Bristol, TN, respectively, according to the company.
Fitbit And Garmin Accused Of Patent Infringement
Philips has accused Fitbit, Garmin, and several other competitors of stealing its wearable tech and the U.S. International Trade Commission has agreed to investigate the charge.
Hydro Flask Announces Grant Recipients Of 2020 Parks For All Charitable Giving Program
Hydro Flask, maker of insulated stainless steel flasks and a Helen of Troy Limited company, on Monday announce the recipients of its 2020 Parks for All Charitable Giving Program.
Big 5 Sporting Goods Net Sales, Same-Store Sales Decrease In Q4
Big 5 Sporting Goods Corp. on Monday reported sales results for the fiscal 2019 fourth quarter and full year ended December 29, 2019, and also lowered its earnings guidance for the fiscal fourth quarter.
Dick’s Closes Location In Orem, UT
Dick’s Sporting Goods has abruptly closed its location in Orem, UT. The store opened in 2012.
MacNeill Pride Group Acquires Orca Coolers
MacNeill Pride Group (MPG), a designer and manufacturer of sporting goods and related products, has acquired Outdoor Recreation Company of America (ORCA), a supplier of coolers, drinkware and other outdoor accessories. Financial terms of the transaction were not disclosed.
L.L. Bean Seeks Tax Break From Hometown To Expand Headquarters
L.L. Bean Inc. has requested a $10 million tax break from its hometown of Freeport, ME, as part of a planned headquarters expansion, according to a Monday report in the Portland (ME) Press Herald. The article said that as L.L. Bean “moves ahead with plans for a $110 million renovation and expansion of its corporate […]
Tilly’s Sees Q4 Comp Decline
Tilly’s Inc. said it expects same-store sales to decline by 2 percent to 3 percent in the fourth quarter and earnings per diluted share to come in below guidance.
Genesco Sees Q4 Comps Running Up 2 Percent
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased 2 percent for the quarter-to-date period ended January 9, 2020.
Crocs Raises Fourth Quarter Revenue Guidance
Crocs Inc. raised its revenue guidance for the fourth quarter ended December 31, 2019. Andrew Rees, president and chief executive officer, said, “Our positive brand momentum allowed us to deliver strong DTC growth combined with excellent wholesale sell through.”
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