G Fuel Names New CEO, Secures Investment

G Fuel, a brand of caffeinated drink mix sold by Gamma Labs, appointed Bryan Crowley as CEO while securing a “significant cash investment” from Kingswood Capital Management and First Bev.

Nordstrom’s Sales Led by Active in Third Quarter

Nordstrom reported slightly higher earnings in the third quarter on improving gross margins. Sales were down 6.8 percent with sales slumping 9.4 percent at the Nordstrom flagship banner and declining 1.8 percent at Nordstrom Rack.

Urban Outfitter’s Profits Soar in Third Quarter

Profits at Urban Outfitters surged 123 percent in the third quarter as sales grew 9 percent. Retail segment comps advanced 5.6 percent as gains of 22.5 percent at Free People and 13.2 percent at Anthropologie offset a 14.2 percent decline at the Urban Outfitters banner.

SGB Media Thanksgiving Schedule

In observance of the Thanksgiving holiday, SGB Media is taking time to be with family and will not publish the SGB Evening Update on November 22 or the SGB Morning and SGB Evening Updates on November 23, or November 24. Publishing will resume on November 27, 2023. 

Beachbody Completes Reverse Stock Split

The Beachbody Company, Inc. announced that the company’s board of directors had approved a reverse stock split of all of its common stock at a ratio of one post-split share for every fifty pre-split shares, effective November 21, 2023.