Online sales outpaced the store base in Q4, increasing 6.4 percent to $69.7 million for the 13-week fourth quarter, compared to net sales of $65.5 million for the 14-week period ended February 3, 2024.
Author: SGB Media
Fossil Group Appoints New Chief Financial Officer
Randy Greben will oversee Fossil Group’s global financial strategy, focusing on leading the organization’s financial turnaround and business transformation. He replaces interim CFO Andrew Skobe, effective March 17.
Perfect Moment Appoints Former Timberland Exec as General Counsel
Kristine Marvin previously served as vice president and general counsel at Timberland, where she oversaw its corporate governance, brand protection, trade compliance, and risk management.
Duluth Trading Sees Q4 Results Hurt by Retail Stores, Fulfillment Issues
Direct-to-consumer net sales increased by 0.4 percent to $172.9 million compared to the prior-year fourth quarter driven by greater penetration of mobile. Retail store net sales decreased by 6.9 percent to $68.4 million.
Sam Sato Sets Retirement from Duluth Trading Company CEO Role
During the transition period through April 25, Stephen L. Schlecht, the company’s chairman of the Board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance.
G-III Apparel Posts “Incredible Year” as Company Transitions Brands
Growth in key owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin will continue to deliver double-digit sales increases and help offset the reduced sales of Calvin Klein and Tommy Hilfiger licensed businesses.
NMMA 2024 Boating Report Finds Boat Owner Median Age is Now 60 Years Old
From January to December 2024, new powerboat retail unit sales fell by 9.1 percent, totaling 231,576 units, a significant year-over-year decline influenced by economic pressures and fluctuating consumer confidence.
Perfect Moment Gets NYSE American Approval on Listing Compliance Plan
The plan reportedly details the company’s strategy to regain compliance with continued listing standards for stockholders’ equity by June 11, 2026.
BSN Sports Parent Varsity Brands Taps into Pro Athlete Investors at Patricof Co
Over 45 of Patricof Co’s global athlete clientele, representing all major U.S. sports, have invested in Varsity Brands. This investment underscores P/Co’s commitment to “partnering with companies transforming the landscape of sports and community engagement.”
KNS International Acquires Birdies Brand; Gates to Stay as Brand President
Birdies, which launched in 2015 as a direct-to-consumer brand, will join the expanding KNS brand portfolio, which includes Journee, Taft and Vance. Co-founder Bianca Gates will join KNS as brand president.
Rupert Campbell Appointed Chief Commercial Officer for HeyDude
Campbell was, most recently, the president of Adidas North America, where he was responsible for leading one of the brand’s most critical markets and building relationships with wholesalers, partners and athletes.
Solo Brands Adds Certified Turnaround Professional to Board
Peter Laurinaitis received a BS in Accounting from the University of Central Florida, an MSA in Accounting from the University of Central Florida (UCF) and an MBA in Finance from the Wharton School of the University of Pennsylvania.
Savage Arms Announces Key Promotions to Strengthen Leadership Team
Casey Diefenbach was promoted to senior director of sales and Trisha Barkyoumb to director of International Business. These promotions are a “testament to the outstanding leadership and expertise demonstrated by our team members.”
Smith & Wesson Promotes Chad Patrick to VP of Sales
Patrick has spent his entire 22-year career working in the outdoor industry and has been a key Smith & Wesson sales team member for nearly 19 years.
Life Time to Open Athletic Country Club to The Brooklyn Tower
The Life Time Brooklyn Tower athletic country club will cover seven floors throughout the 1,066-foot-tall building. It will be Life Time’s largest location in Brooklyn at approximately 80,000 square feet.
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