Joe Lawrence is the new CEO and is re-launching SweetSpot, securing its lead investment from Elysian Park Ventures, Wayne Gretsky and other investors.
Author: SGB Media
Skechers Board of Directors Wins Case in Shareholder Derivative Suit
The Delaware Chancery Court Dismissed with prejudice the complaint against all named current and former Skechers Board of Directors named as defendants in the action.
EXEC: VF Sees The North Face Fiscal Q3 Results “Worse Than Expectations”
Global revenue for The North Face was down 10 percent (-11 percent CC) to $1.19 billion in the quarter. Excluding a wholesale shipment timing shift, The North Face’s revenue would have reportedly declined in the mid-single-digits. DTC was up in mid-single-digits for Q3.
EXEC: VF Execs Outline Progress Against Transformation Plan, Brand and Region Review
The big jobs ahead are based on fixing the overall Americas business and delivering a turnaround in the Vans business. The key objective of the Reinvent program involves cutting costs and building the balance, which is reportedly both well underway.
Orvis Releases 4th Generation Helios Fly Fishing Rod
“The new Helios is a reimagining of what’s possible in a fly rod and its ability to deliver the best experience for an angler. Four times more accurate than the industry benchmark H3 is not hyperbole.” —Shawn Combs, Director, Fishing Design and Development, Orvis
Outdoor & Sports Company Appoints Managing Director for North America
Bill Supple joined OSC in a consulting capacity as director of brand and business development for Mountain Equipment in the U.S. in 2019.
EXEC: Vans Falls 29 Percent in Q3; Inventory Down as Brand Helps Create OTB
VF execs talked about refreshing the Vans brand product at retail and revealed that they were removing slow-moving inventory from retailers to create open-to-buy for stronger product that was moving in the market. Inventory was down 30 percent at quarter-end.
Mark Wahlberg x Club Sports Group Opening New F45 Training Studios in Boston
Club Sports Group, operator of three F45 Training studios in Boston, entered into an exclusive partnership with Mark Wahlberg to open multiple new studios across Greater Boston.
SSSF Names Director of Scholastic Clay Target Program
The Scholastic Shooting Sports Foundation (SSSF) named Wayne Rasmussen the national director of its Scholastic Clay Target Program leading the SSSF’s youth development program.
C&H Precision Family of Companies Names President
As President of C&H Precision, Kisgen will be key in steering the company’s strategic direction and overseeing its operations in Richmond Hill, GA.
GoBoat Fish Unlocks New Access for Fishing and Outdoor Enthusiasts
The personal inflatable disk boat aims to “revolutionize how fishing and adventure enthusiasts experience their aquatic adventures.”
VF Corporation CFO Stepping Down After 23-Year Run with Company
CFO Matt Puckett will be stepping down later this year. He will stay on until a new CFO is appointed to help ensure a smooth transition.
Rally House Begins 2024 Expansion in Fort Worth
Rally House’s 2024 expansion begins in Fort Worth, TX, with the new store opening of Rally House Montgomery Plaza.
Pvolve Announces Franchise Deal in Greater Washington D.C. Area
Functional fitness brand to make market debut in Bethesda, MD with Bariatric Surgeon Dr. Hitesh Amin.
VF Corp. Sees Q3 Business Decline Accelerate; Will Conduct Strategic Review of Brands
The 16 percent year-over-year decline was an acceleration of the decline in the business, which was down just 2 percent in the fiscal second quarter when new CEO Bracken Darrell sounded the alarm that all was not well in the business.
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