Although CEO Sean MacDonald admitted right up front on a conference call that 2023 was a challenging year for the cycling and motorcycle industries, he also noted that Q4 represented the first signs of the green shoots of a recovery in certain areas.
Author: SGB Media
EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year
The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.
Curry Brand Signs South Carolina Guard as First Collegiate Athlete
Under Armour, Inc. signed MiLaysia Fulwiley to a multi-year NIL deal with the Curry Brand.
Adidas x Yohji Yamamoto Introduct Latest Y-3 Atelier Collection
The apparel takes original Yamamoto and Yohji Yamamoto Pour Homme designs from the designer’s recent runway collection embellished with Adidas’ three stripe logo.
Har-Tru Introduces Portable Indoor Performance Pickleball Court
The company made the courts with interlocking tiles coated in Har-Tru Sports Coatings for a hardcourt feel. The design balances performance and comfort for speed of play, ball bounce and foot traction.
USPTA Names Chief Development Officer
The United States Professional Tennis Association promoted Ramona Husaru to chief development officer from her prior position as director of education and certification.
Transcend Capital Advisors Signs Elite Amateur to NIL Roster
The youngest co-medalist in U.S. Amateur history, Blades Brown, was the Men’s and Junior Player of the Year in Tennessee in 2023 and signed with Transcend Capital Advisors.
1791 OLG Hires Director of Product Development
As the Director of Product Development, Justin Hoffman will collaborate with vendors, business-to-business customers and consumers to meet growing demand for the company’s products.
Xcel Brands, Inc. Prices Public Offering of Common Stock Shares
All of the shares of common stock are being sold at a public offering price of 65 cents per share, for gross proceeds of $2,134,874, before underwriting discounts and commissions and offering expenses, and included participation from members of Xcel’s management.
Caleres, Inc. Hires Liz Dunn for Strategic Planning and Communication Chief
The parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, hired Liz Dunn as SVP of corporate development and strategic communications
Wilson Sporting Goods drops Limited-Edition MDA Shamrocks Glove
Wilson Sporting Goods joins annual MDA Shamrocks campaign with introduction of limited-edition glove.
Lands’ End, Inc. Authorizes $25 million Share Repurchase Program
The company expects that purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
Lexus Signs Zalatoris to Golf Ambassador Program
Lexus added Dallas-based Will Zalatoris to its roster of golf champions. The partnership began before the Players Championship at TPC Sawgrass in Ponte Vedra, FL.
Hibbett, Inc. Sees Q4 Net Income Decline as Comp Sales Fall 6.4 Percent
Brick-and-mortar comparable sales declined 9.2 percent, while e-commerce increased 6.9 percent on a year-over-year basis, excluding the impact of the 14th week. E-commerce represented 18.9 percent of total net sales for the Fiscal 2024 Q4 period.
White River Marine Group Names Hatteras Plant Manager
White River Marine Group hired Guy Roberts as plant manager for its Hatteras Yachts facility in New Bern, N.C. The company made significant investments in plant operations and tooling to prepare to introduce three new models.
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