Costco reported earnings rose 16.5 percent in its fiscal first quarter ended November 26 as same-store sales rose 3.8 percent, including a 2.0 percent gain in the U.S. Earnings topped analyst expectations.
Author: SGB Media
Czech CSG Group Adds Italian Shotgun Maker to Portfolio
The global industrial-technology company that recently agreed to acquire Vista Outdoors’ ammo brands has purchased a majority percent stake in the Italian, family-owned Armi Perazzi S.p.A., manufacturer of high-quality shotguns for sport shooters and elite hunters.
HanesBrands Appoints Former Walmart U.S. CEO as Chairman
HanesBrands announced that its Board of Directors had appointed William Simon as chairman of the board, effective December 31. His appointment follows Ronald Nelson’s decision to retire as chairman and a member of the Board at the end of the year.
SylvanSport Introduces Vast Travel Trailer
SylvanSport, the Brevard, NC-based manufacturer of adventure travel trailers, pop-up campers, rooftop tents, and outdoor gear, launched the 21-foot Vast travel trailer.
Gildan Board Hit With Strong Shareholder Blowback After CEO Ouster
Two large Gildan investors are pressing the company’s Board of Directors to reverse its decision to terminate company Founder and former CEO, Glenn Chamandy and reappoint him as CEO of the company.
November Sales Show Small Gain, Tops Expectations
The Commerce Department reported that retail sales rose 0.3 percent in November over the prior month, stronger than the 0.2 percent decline in October and better than the Dow Jones estimate for a decrease of 0.1 percent.
EXEC: Foot Locker Earns Upgrade On Turnaround Prospects
Shares of Foot Locker rose 10.1 percent Thursday after Piper Sandler & Co. upgraded Foot Locker from “Neutral” to “Overweight.” Piper analyst Abbie Zvejnieks believes the sneaker retailer’s turnaround potential compares favorably to other turnaround stories in the active lifestyle space, including Allbirds, Under Armour, VF Corp., and Wolverine Worldwide.
Nordstrom Rack to Open in Noblesville, IN in Fall 2024
The 25,000-square-foot store, located in Hamilton Town Center, which includes Ulta, Ross, Dick’s Sporting Goods, and Total Wine, is owned and managed by Simon Property Group.
TeamSnap Acquires Mojo Sports
TeamSnap, the provider of sports management software and the online community for youth sports, acquired MOJO Sports, a youth sports media platform that offers instruction resources, sports team management tools, live video streaming, and multimedia content sharing.
Peloton Hires Chief Marketing Officer
Peloton reported it appointed Lauren Weinberg as chief marketing officer, replacing Leslie Berland, who left the company to join Verizon Communications, Inc. in the same role.
Survey: 142 Million Shoppers Expected for Super Saturday
According to the National Retail Federation, the number of expected shoppers is up significantly from the last time Super Saturday fell on December 23, when 126 million consumers were expected to shop on that day in 2017.
PeopleForBikes Coalition Board Reviews 2024 Priorities
PeopleForBikes Coalition Board of Directors, a group of 21 bike industry leaders, virtually met for its semi-annual gathering on December 12 to review the organization’s top priorities and initiatives for 2024.
Rossignol Opens Brand Store in the French Alps
The new store in Courchevel, a summer and winter vacation destination in the French Alps, sells its full range of apparel and winter sports equipment.
Havaianas Brand Parent Taps Mondelēz International Exec as CEO
The Alpargatas S.A. Board of Directors hired Liel Miranda as CEO, succeeding interim CEO Luiz Fernando Edmond, on February 1, 2024. Miranda is currently the CEO of Mondelēz International’s Brazil business unit.
Major Lutie Rebrands as Major Fitness
Major Lutie, a home training and fitness equipment manufacturer founded in 2021, was rebranded as Major Fitness with a new tagline, “For Your Stronger Tomorrow.”
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal