Hibbett Sports Inc.’s board of directors will need to form yet another search committee after the company announced Friday morning that Scott Bowman is resigning as CFO—the retailer’s second C-level departure in the last two weeks. On March 22, CEO Jeff Rosenthal announced he is retiring this year, so what impact, if any, will these exits have on the retailer?
Author: SGB Media
Duluth Trading Warns Of Sales Slowdown
Shares of Duluth Trading fell $5.94, or 25.2 percent, to $17.60 Friday after the company reported fourth-quarter earnings that came in well short of Wall Street’s targets because of delivery challenges and a poor response to newer offerings. Guidance for the current year was also significantly cut with a sales recovery not expected until the second half.
Aisle Talk Week Of April 1
Top headlines from the active lifestyle industry you may have missed this week, including NB Development Group breaking ground Tuesday on The Track at New Balance at Boston Landing, a multi-sport athletic complex that will offer sports facilities and a New Balance Athletics Sports Research Lab.
Ken Meidell Appointed CEO Of Outerbike
Western Spirit Cycling—founders and promoters of Outerbike, the consumer-focused experience for testing, reviewing and riding the newest bikes and cycling gear—on Thursday announced the appointment of former Dakine CEO Ken Meidell as Outerbike’s first CEO.
Vail Resorts Closes On Australian Acquisition
Vail Resorts Inc. announced Friday that the company has closed on its acquisition of the ski field leases and related infrastructure at Falls Creek Alpine Resort and Hotham Alpine Resort in Victoria, Australia.
Hibbett Sports CFO Scott Bowman Resigning
Sporting goods retailer Hibbett Sports Inc. announced Friday that Scott J. Bowman, SVP and CFO, is resigning effective April 26, 2019, to pursue another opportunity.
Firearms Background Checks Drop In March
FBI background checks, as adjusted by the NSSF, were down 12.4 percent in March to 1.31 million compared to the February 2018 NSSF-adjusted NICS figure of 1.5 million.
RECALL: Vivitar Massage Balls
About 60,000 massage balls from Vivitar are being recalled due to burn hazard. The item was sold exclusively at Target.
Nike Signs Naomi Osaka
Nike signed Naomi Osaka to an endorsement deal. Adidas had been expected to renew its deal with the two-time Grand Slam winner and current top-ranked female tennis player.
Avid4 Adventure Launches New Educator/School Staff Discount Program for all Summer 2019 Camps
Boulder, Colo.: Living in spectacular states like Colorado, California or Oregon, it’s easy to be passionate about getting outdoors to improve our lives. And of course, as parents, getting our kids outdoors at a young age is perhaps even more important. We all want to do our best to inspire, teach and motivate our children […]
Avid4 Adventure Launches New Educator/School Staff Discount Program for all Summer 2019 Camps
The nation’s leading outdoor adventure camp shows empathy with educators and helps school employees by launching a new “We Hear Ya” discount program to remove some of the financial burdens of summer camp
Behind The Deal: Volcom Gets Fresh Start With ABG
Volcom CEO Todd Hymel takes SGB behind the deal of the company’s sale to Authentic Brands Group, including why the name of Volcom’s new operating entity, Liberated Brands, was not about breaking free from its former parent but rather an homage to the brand’s surf, skate and snow roots. Here’s what he said about that and more.
Duluth Holdings Lowers Guidance On Q4 Miss
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Thursday reported net income for the fiscal fourth quarter ended February 3 of $20.8 million, or 64 cents per diluted share, which missed analyst’s estimates by 11 cents. That’s compared with $19.5 million, or 60 cents per diluted share, in the prior-year fourth quarter.
Light & Motion Adds Industry Veterans To Sales And Marketing Team
Light & Motion, a U.S. manufacturer of performance self-contained lighting, has added two new team members—Daniel Delehanty and Tom Brady—to its leadership team, heading up the management of its worldwide sales and marketing efforts.
Wilson Sporting Goods Partners With Factory Athletics
Wilson Sporting Goods Co. announced Thursday it has entered into an exclusive supplier agreement with Factory Athletics, which provides youth and high school athletes with instruction, skill development and guidance through the college recruiting process.
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