Underwear maker Saxx appointed Tom Berry as chief executive officer, succeeding Wendy Bennison. Most recently, Berry was president and CEO of the America’s region for the Danish footwear company Ecco.
Author: SGB Media
Gaia Appoints New CEO
Yoga-streaming company Gaia, Inc. appointed James Colquhoun as chief executive officer. Colquhoun has worked as the company’s chief operating officer since June 2023.
G-III Apparel Group Raises EPS Guidance on Q3 Beat
G-III Apparel Group, Ltd. raised its earnings guidance for the year after EPS in the third quarter ended October 31 came in well above plan, boosted by strength at wholesale channels. Sales eased 1 percent in the period.
DSW Parent’s Shares Fall Sharply After Tough Q3, Guidance Cut
Designer Brands, Inc., the parent company of DSW, Keds and Topo Athletic, reported that fiscal third quarter net sales decreased 9.1 percent year-over-year to $786.3 million. Total comparable sales decreased by 9.3 percent YoY for the period.
G-III Apparel Appoints Chief Growth and Operations Officer
G-III Apparel Group, Ltd. hired Dana Perlman as chief growth and operations officer, effective January 8, 2024. Most recently, Perlman spent over ten years working at PVH Corp.
The Buckle Appoints Three Execs, Announces Special Dividend
The Buckle, Inc. announced a special dividend of $2.50 per share and several executive appointments, including a VP of Sales; VP, Assistant General Counsel and Assistant Corporate Secretary; and VP of Marketing.
REI to Close Santa Monica Store
REI confirmed plans to close its store in downtown Santa Monica, CA, due, in part, to higher costs of doing business. The two-story, 32,000-square-foot location will close February 29, 2024.
Livsn Designs Secures Funding From RZC Investments
Livsn Designs, a sustainable outdoor apparel brand, reported it raised seed capital led by RZC Investments, a Bentonville, AK-based multi-strategy investment firm on behalf of Steuart and Tom Walton.
EXEC: Circana Reports Outdoor Sales Down 1 Percent Through September
Julia Clark Day presented data that showed sales in the outdoor industry were down 1 percent in dollar terms year-over-year to $27.8 billion in the 12-month period ended September 2023. Unit sales were said to be down 4 percent for the period.
Aerosoles to Expand into Apparel Through License
Aerosoles signed a new licensing agreement with Maze Collections, Inc. for the distribution of career pants, further expanding beyond women’s footwear.
EXEC: UK Retail Foot Traffic Rebounds in November
After suggesting the the UK retail market was hampered by stalled consumer spending in October, the British Retail Consortium reportedly saw a recovery in foot traffic in November, with total UK foot traffic down 0.7 percent year-over-year.
PeopleForBikes Highlights Bike Industry Contribution to U.S. Economy
PeopleForBikes reported it took a deeper look into the Bureau of Economic Analysis recently released 2022 report that estimated the U.S. outdoor recreation economy contributed $1.08 trillion to the U.S. GDP in 2022.
Event Technology Opens Asia Pacific HQ
The company said the new HQ is “strategically located in the heart of the technical fabric industry’s supply chain hub” and houses its engineering, product and finance departments, sales and marketing team to service the Asian commercial market and the executive team under the leadership of company CEO David Liu.”
Xponential Fitness To Acquire Lindora
Under the transaction terms, Lindora’s 31 clinics will become Xponential franchise locations, Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally.
VF, Vista Outdoor, Wolverine Worldwide Top Most-Read SGB Articles for November
November 2023 featured to usual articles for the start of the holiday shopping season and the end of the retail fiscal quarter, but it was a dramatic job cutting announcement from VF Corporation, parent of The North Face, Vans, Timberland, Dickies and Jansport that got the most attention over the 30-day period.
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