Author: SGB Media

Nordstrom Holiday Same-Store Sales Rise 1.3 Percent

January 16, 2019 SGB Update

Nordstrom, Inc. announced a comparable sales increase of 1.3 percent for the nine weeks ended January 5. Full-Price sales were below the company’s expectations due to weak traffic and the department store operator now expected fourth-quarter earnings at the lower end of guidance.

Yeti Executives Unpack Ambitious Growth Strategies

January 15, 2019 SGB Executive

The ambitious financial goals that Yeti Holdings Inc.’s top executives laid out at the ICR Conference in Orlando, FL, center on four growth strategies plus a key supply chain move that will have the company no longer manufacturing in China by the end of the year. President and CEO Matt Reintjes and CFO Paul Carbone on Monday outlined the company’s plans for 2019 in a fireside chat hosted by Baird analyst Peter Benedict.

American Outdoor Brands Acquires LaserLyte

January 15, 2019 SGB Update

American Outdoor Brands Corp., a provider of firearms and related products, on Tuesday announced that its Electro-Optics Division, Crimson Trace Corp., has completed the acquisition of LaserLyte, a provider of laser training and sighting products for the consumer market. Terms of the deal were not disclosed.

Xponential Fitness Acquires Strides

January 15, 2019 SGB Update

Xponential Fitness,  the owner of boutique fitness brands, has acquired Stride, a boutique running concept. Stride joins seven other brands under the Xponential Fitness umbrella including Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, AKT and YogaSix.

REI To Donate to Help Restore Parks Amid Shutdown

January 15, 2019 SGB Update

In a blog post, Jerry Stritzke, REI’s CEO, said the company will be giving “at least $250,000” to help with the restoration efforts from the damage caused by the government shutdown and called on others to aid in the restoration efforts.

Fewer Destination Guests, Other Headwinds Taking Toll On Vail Resorts

January 14, 2019 SGB Executive

Good snowfall to start the 2018/19 ski season was a boon for many resorts across the U.S., with plentiful powder and the opening of terrain and lifts often not accessible until January stoking hopes of an epic performance for the industry. All of which made last week’s news from Broomfield, CO-based Vail Resorts Inc. that much more surprising.

JCPenney Announces Executive Leadership Changes

January 14, 2019 SGB Update

J. C. Penney Co. Inc. on Monday announced a series of leadership actions taking place over the next few months that will assemble a cross-functional executive team that merges the talents and perspectives of new and existing industry leaders to focus on the needs of the value-based consumer and position the company for growth.

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