The 23.6 percent increase in sales was due primarily to higher commercial ammunition shipments, higher domestic and international military sales, and sales related to the acquisition of White Flyer, which the company completed in the fourth quarter.
Author: SGB Media
Ronnie Fieg for Diemme Cornaro
Ronnie Fieg, owner-operator of Kith, renewed his partnership with Diemme, to update the Cornaro in Kith’s Winter 2023 Palette.
Two Ten Footwear Foundation Appoints New Chair and Vice Chair
New Balance President and CEO Joe Preston was confirmed as Board chair, succeeding outgoing chair David Kahan, president and CEO of Birkenstock USA. Jonathan Frankel, president of Aldo Product Services, Aldo Group, now serves as Board vice chair.
Fenix Outdoor International Appoints New CTO
The parent company of the Fjällräven, Royal Robbins, Hanwag, and Tierra brands promoted Head of Brands Business Tech and Deputy CTO Eefje Jacques to CTO, effective April 1. Current company CIO Jan Lindmark will retire on that date.
Sportsman’s Warehouse Adds Indie Board Director
Steve Becker is the new independent member of the company’s Board of Directors, effective immediately. He will serve as a member of the Board’s Nominating and Governance Committee.
S’Well Launches Latest Hydration Product with Explorer Bottle
S’well’s latest product, the Explorer Bottle, uses the same technology as the brand’s original bottles and tumblers but with a new shape for increased functionality when hydrating on the go.
Converse and Turnstile Drop Chuck 70 and One Star Pro
For the first time, Baltimore-based band Turnstile applies its style and passion for skateboarding into a two-sneaker, limited-edition capsule featuring a Converse Chuck 70 and One Star Pro.
Feel the Course in Asics Gel-Kayano Ace 2
Designed to bring lightweight comfort to the golf course, the Asics Gel-Kayano Ace 2 builds on the brand’s running shoes, giving golfers performance footwear while on the course.
Dunlop Sports Americas Relaunches Never Compromise Putters
“We’re excited to be able to bring back the Never Compromise line and give golfers the opportunity to get a hand-built, fully custom putter fit entirely for their stroke.” —Chuck Thiry, Vice President, Dunlop Sports Americas
REI Co-Op to Lay Off 357 Non-Store Staff; Forecasts Revenue Decline for 2024
The move sees 357 employees affected, “impacting 200 people at the headquarters, 6 in S&CS, 30 in Experiences, and 121 in our distribution centers,” according to the CEO’s letter obtained by SGB Executive. The senior leadership team will be pared down 22 percent in 2024.
Levi Strauss to Cut 10 to 15 Percent of Workforce; Sees Weak 2024
The first phase of the Project Fuel global productivity initiative is expected to occur in the first half of 2024 and is expected to include a 10 percent to 15 percent reduction of the company’s global corporate workforce.
KOA Expansion in Full Swing, Exceeding 510 Locations in 2023
The 20 new agreements in 2023 were said to be attributed to the KOA franchise development team’s efforts, marking a significant increase from 14 agreements in 2022.
RV Shipments Up 8.1 Percent in December, Down 36.5 Percent for 2023
Towable RVs, led by conventional travel trailers, ended the month up 11.4 percent from December 2022, while Motorhomes finished the month down 9.4 percent compared to the corresponding month in 2022 with 2,842 units.
Macy’s Shares Recover on Rumors of Another Buyout Bid
Sycamore Partners, the owner of retail brands Ann Taylor and Talbots, has been negotiating with Macy’s since December.
Report: The Changing Dynamics of Country Clubs
The pandemic seemingly increased interest in golf and tennis, leading to more visits and members at country clubs, particularly from a younger demographic. As a result, country club visits are up, and foot traffic is above pre-pandemic levels.
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