J. C. Penney Co. Inc. announced that Colin Dougherty, a senior executive with more than 25 years of finance experience, will join the company on September 23 as senior vice president, finance, reporting to CFO Bill Wafford.
Author: SGB Media
Wall Street Reacts … Vista Outdoor’s Investor Day
Analysts generally came away impressed with Vista Outdoor team’s full probe of its turnaround strategy provided at its Investor Day held Tuesday in New York City, although a number of headwinds, particularly in the hunt space, is keeping a few from turning bullish on the company.
Aqua Lung Group Names Matthieu Bazil CEO
Aqua Lung, a designer, manufacturer and distributor of dive and watersports equipment for 75 years, has appointed Matthieu Bazil as CEO, effective immediately. Bazil will be based from the Aqua Lung Group offices in Carros, France.
Peloton Looks To Raise Over $1 Billion In IPO
Peloton Interactive Inc, the Indoor cycling startup, is seeking raise as much as $1.16 billion in its IPO, according to an updated filing with the Securities & Exchange Commission.
Meijer Asks Customers To Not Openly Carry Guns In Stores
Meijer joined Walmart, Kroger and other large U.S. retailers in asking customers to not openly carry guns in their stores.
California Bill Enables NCAA Athletes To Profit From Endorsements
The California State Assembly passed a bill that would allow college athletes to sign endorsement deals.
Ex-Adidas Consultant T.J. Gassnola Avoids Prison In College Hoops Scandal
Thomas “T.J.” Gassnol, a former Adidas consultant, was sentenced Tuesday to one year of probation after prosecutors credited him with helping secure convictions of three others involved in a college basketball corruption scandal. He faces a one-year supervised release, two months of home confinement and electronic monitoring, along with a $100 fine, according to ESPN.
JD Sports Seeing Modest Improvement At Finish Line
JD Sports reported Finish Line’s comps grew 3 percent in the first half and showed slight improvement in product margins. The sixth JD Sports banner opened in the U.S. with success being found in expanded apparel range. A JD Sports’ Times Square location is scheduled to open in spring 2020.
CamelBak Lands First REI Contract After Vista’s Firearms Exit
CamelBak is officially coming back to REI Co-op. The hydration pack and bottle brand last week inked its first contract with the outdoor retail giant in more than a year and announced plans to scale up over the coming seasons with a full line of products on REI shelves by Spring 2021, according to CamelBak President Greg Williamson.
Elan Sports USA Carries Momentum Into 2019/20 Winter Season
Slovenian-based ski maker Elan Skis is surging into the 2019/20 winter season with momentum in the U.S. market thanks to an updated office that houses the recently formed subsidiary of Elan Sports USA, new internal hires, an expanded rep force, a renewed contract with Glen Plake and the introduction of new product.
FloSports Announces Acquisition Of DirtonDirt.com
FloSports, a leading producer oflive digital sports and original content, announced the acquisition of DirtonDirt.com and all of the Bloomington, IL-based company’s owned and operated entities. DirtonDirt is the home on the internet for Dirt Late Model racing and its community.
Retail Imports Surging Again Ahead Of More Tariffs
Imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect September 1 and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
J.C. Penney To Open Outdoor-Themed In-Store Shops
J.C. Penney said Tuesday that it plans to launch an Outdoor Shop, selling apparel and other excursion gear, in 100 of its roughly 830 department stores next month. The company also announced the launch of an in-house brand called St. John’s Bay Outdoor.
Anglers For The Bahamas
Hurricane Dorian bought destruction to Grand Bahama and the Abaco Islands early this month with wind speeds up to 185 miles per hour and gusts up to 220 miles per hour. With the storm surge rising to 20 feet, the brutality of the storm, for many who have lived on the island for generations, said […]
Kathmandu Becomes Largest B Corporation In Australasia
Kathmandu on Tuesday announced it has been certified as a B Corporation, becoming one of the largest outdoor apparel and gear brands globally to meet the B Corp standards of social and environmental impact.
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