The company said that Ángel Solores, under mutual agreement, is leaving as director general and head of Intersport Spain. However, European media reported that the company had terminated Solores.
Author: SGB Media
EXEC: Amer Sports Expanding Winter Sports Production in Europe
The parent of the Salomon, Atomic and Armada ski brands noted a new Nordic ski factory is nearing completion in Bulgaria, while preparations have started on an Alpine binding factory in Romania.
USA Pickleball Adds Two At-Large Members to Board
Andrew Feffer and Tori Stevens were elected to serve three-year terms as At Large members on USA Pickleball’s Board of Directors.
Thor Industries Shares Fall After Company Cuts Outlook on Weak N.A. Backlog
North American Towable RV net sales were down 11.9 percent for the fiscal second quarter and North American Motorized RV net sales decreased 22.8 percent, while European RV net sales increased 20.9 percent for the period.
Allbirds Inks Distributor Deals for Japan and Australasia
Effective June 1, 2024, Goldwin, Inc. will be the exclusive Allbirds distributor in Japan, and on July 1, 2024, Compendium Group will be the company’s first appointed Australasian distributor.
Nordstrom, Inc. Gets Lift from Rack Stores and 53rd Week to Post Q4 Sales Increase
In the fourth quarter, the active category was called out for one of the strongest growth drivers by category for both the fourth quarter and full year. Women’s apparel was also called out as a key driver for the fourth quarter.
Jetset Pilates Continues U.S. Franchise Expansion
The franchise continues to grow with over 16 deals in Florida and signed development deals in Texas, North Carolina, NYC, Georgia, and Australia.
Foot Locker, Inc. Exceeds Internal Q4 Estimates but Delays Long-Term Targets
The retailer posted accelerated sales trends relative to the third quarter, EPS that exceeded the guidance range and success across multiple KPIs, but is also delaying by two years its previous guidance for its EBIT margin target while also axing its dividend.
Johnson Health Tech Names New VP Commercial Business, International
John Young was promoted to VP of Commercial Business, International. He joined JHT in 2017 and was previously responsible for commercial sales and business development across the Pan-Asia region.
Ross Stores Comps Up 7 Percent in Q4 and EPS Sees Solid Increase
The discount retailer reported sales for the fiscal fourth quarter ended February 3 grew to $6.0 billion. Ross posted EPS of $1.82 per share for the 14-week fourth quarter ended February 3, up from $1.31 per share for the 13-week Q4 period ended January 28, 2023. The extra week was responsible for 20 cents a share.
Beachbody Raises Cash in California Facility Sale/Lease-Back Deal
The company sold its Van Nuys, CA production facility, which had a net carrying value of $4.8 million at year-end, for $6.2 million and simultaneously entered into a five-year lease of the facility.
Bogs Brand Again Posts Sharp Q4 Sales Decline at Weyco Group
The Bogs brand posted the largest decline for the period, with sales down 32 percent for the quarter, reportedly due to retailers reducing orders amid the current saturation of product in the outdoor footwear market.
Ghost Golf Appoints VP of Sales
Jim Jamison will spearhead Ghost Golf’s efforts to establish a presence in the Green Grass and Big Box Retail markets, which are focal points for its growth strategy in 2024.
NRF Economist Says Inflation and Interest Rates Remain Key to Economy
The NRF’s monthly review indicated that January’s 3.1 percent year-over-year (YoY) inflation, as measured by the Consumer Price Index, improved from December’s 3.4 percent but “still a considerable distance” from the Fed’s target of 2 percent.
Pard Optics Taps Zanders Sporting Goods as Distributor
Pard USA, headquartered in Reno, NV, entered the U.S. shooting sports marketplace after five consecutive years of double-digit growth in Europe.
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