LEM Helmets, manufacturer of head protection for cycling and motorsports, named seasoned industry vet Ken Baker to the team as global product manager.
Author: SGB Media
REI Co-op To Open Store In Gainesville, FL
REI Co-op is opening a new store in Gainesville, FL, in spring 2020. The 23,000-square-foot store will be located at the Butler Town Center at 3650 Southwest 32nd Court.
Hanesbrands CFO To Depart
Hanesbrands Inc., the parent of Champion, said that Chief Financial Officer Barry A. Hytinen has notified the company of his decision to leave Hanesbrands to accept another career opportunity outside of the apparel industry. Hytinen will continue to serve as Hanes chief financial officer until the end of the fiscal year, Dec. 28, 2019.
Dick’s Sporting Goods To Sell Its First CBD Products
Myaderm, a leading producer of cannabidiol (CBD) products, announced that it reached a deal to become the first CBD products to sell at Dick’s Sporting Goods.
Dick’s Raises Outlook On Robust Q3 Results
Dick’s Sporting Goods raised its outlook for the year after reporting third-quarter earnings handily topped Wall Street targets. Same-store sales increased 6.0 percent, representing the company’s strongest quarterly comp sales gain since 2013.
Adventure 16 Closing Remaining Two Doors
Adventure 16 announced plans to close its remaining two stores in West Los Angeles and San Diego.
Department Stores Take Q3 Earnings Momemtum Into Holiday Season
Department stores head into Black Friday and the holiday season with a little bit of momentum, as most stores saw decent third quarters and all four in this roundup—Nordstrom, J.C. Penney, Dillard’s and Macy’s—beat Wall Street earnings per share estimates. Our Q3 roundup looks at how each performed and what’s next.
Caleres Narrows EPS Guidance On Tariff Impact
Caleres on Monday reported third quarter sales grew 2.1 percent to a record $792.4 while same store sales grew 2.5 percent at Famous Footwear, but the company’s otherwise upbeat period was tempered by slightly reducing full-year EPS guidance to reflect tariff impacts.
PVH Lifts Outlook As Q3 Exceeds Guidance
PVH Corp., which owns the rights to Speedo in North America, raised full-year adjusted profit forecast after its third-quarter revenue and earnings that topped Wall Street expectations.
Boss Manufacturing Agrees To Sell Gloves, Boots And Rainwear Operations
Boss Manufacturing Company, a national supplier of personal protection equipment, reached an agreement in principle to sell the assets of its glove, boots, and rainwear business to Protective Industrial Products, Inc. (PIP) of Latham, NY. Boss’ range includes CAT branded work gloves and safety products.
Backcountry.com CEO Making Reparations Tour
Following a social media firestorm that erupted after news of Backcountry.com’s legal campaign to protect its trademark, Jonathan Nielsen, the online retailer’s CEO, has already visited a number of small businesses impacted by the trademark action and made numerous deals as reparation with the owners.
REI Co-op Promotes Two New Executives To Senior Leadership Team
REI Co-op announced Monday the promotion of two team members to new leadership positions: Chris Putur to executive vice president of technology and operations and Kate Wendt to vice president of strategy.
Vibram Corp. USA Ceases Sales To Amazon USA
In advance of a major relaunch for FiveFingers during Spring 2021, Vibram Corp. (USA) announced Monday it has decided to stop selling its FiveFingers products directly to Amazon USA, allowing the brand to fully support its retail partners.
Arc’teryx Announces Clinic Lineup For 2020 Backcountry Academy
Arc’teryx will be offering a total of 71 clinics at this year’s Backcountry Academy, two of which are new: a 2-day overnight backcountry ski and camp experience, and a Level 2 Avalanche 3-Day Course.
AfterShokz Announces Partnership With Running Legend, Meb Keflezighi
AfterShokz, the manufacturer of bone conduction headphones, announced its latest partnership in the running and endurance space, partnering with four-time Olympian and winner of the 2009 New York City Marathon and 2014 Boston Marathon, Meb Keflezighi.
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