Chairman and CEO Tim Boyle expects 2024 to be a challenging year as retailers place orders cautiously, and economic and geopolitical uncertainty remains high.
Author: SGB Media
Decker Brands Names New CEO Designate as Powers Plans Retirement
Dave Powers has decided to retire as president and CEO, effective August 1, 2024. Stefano Caroti, the company’s chief commercial officer, will be appointed president and CEO, effective upon Powers’ retirement.
EXEC: Vista Outdoor Reaffirms Guidance; Work Toward Split Continues
CFO Andy Keegan said the company expects the separation of its business to jump-start the “compelling vision” for Revelyst, the former Outdoor Products segment, by capitalizing its balance sheet with cash to accelerate its capital allocation strategy.
Unifi, Inc. Sees Flattish Fiscal Q2 Sales Muted by Lower Prices
The makers of Repreve and an innovator in recycled and synthetic yarns, reported that net sales were $136.9 million in the fiscal second quarter ended December 31, driven by sales growth that was muted by lower pricing in response to lower raw material costs.
Circana Creates Global Commercial Group as Tim Bush Plans Exit
The creation of a Global Commercial organization, which will encompass Circana’s global client verticals and solution groups, will be led by Jeremy Allen in the newly created role of chief commercial officer.
The Picklr Taps Former NFL QB to Open Midwest Pickleball Locations
Drew Brees will also become an owner of several facilities and act as the area developer of 30 Picklr franchises throughout Indiana, Ohio, and Michigan. An inductee of Purdue’s Intercollegiate Athletics Hall of Fame,
Pickleball Kingdom Expands into Washington State
Pickleball Kingdom is expanding into Seattle and Bellevue, WA, respectively, spearheaded by franchisee John Hyland.
Ross Stores Appoints President and CMO for DD’s Discounts
Karen Fleming, currently group EVP of merchandising for DD’s Discounts, has been promoted to president and chief merchandising officer for the Ross Stores division.
Watchtower Firearms Appoints Chief Growth Officer
Jordan Davis as chief growth officer to help manage and drive the company’s growth initiatives. He has previously serve in senior leadership roles at Volcom, Inc., O. Mustard, and Remington Outdoor.
Star Rods Celebrates 65th Anniversary
Global outdoor brand teams up with Cape Fear Distillery and Steve Goione to launch an inaugural pairing of USA-made inshore fishing rods and American-crafted spirits.
Crocs Brand Gets New President as Michelle Poole Sets Retirement Plan
EVP & CFO Anne Mehlman will be promoted to EVP and president of the Crocs Brand. Until her replacement is named, Mehlman will continue as CFO of the company.
Canada Goose Updates Guidance After Solid Holiday
Total revenue for the fiscal third quarter ended December 31 increased 6 percent year-over-year (YoY) to C$609.9 million, or up 5 percent on a constant-currency basis.
Peloton Shares Down on Lower Outlook, Mixed Fiscal Q2 Results
Total revenue was down 6 percent to $743.6 million for the fiscal second quarter ended December 31, 2023. Connected Fitness segment revenue was $319.1 million, down 16 percent year-over-year. Subscription revenue was up 3 percent to $424.5 million for the period.
Altra Expands Timp Family of Trail Shoes
The Timp collection gives runners and hikers more control with improved stability and flexibility for going through rough terrain.
EXEC: Amer Sports IPO Comes Up Short; Some Cite China Concerns
Arc’teryx generated 43 percent of its overall revenues in Greater China in the nine-month YTD period in 2023, while the region only generated 5 percent of sales for Salomon and Wilson. Thirty-six Arc’teryx stores in China accounted for 16.7 percent of global brand revenues for the 2023 YTD period.
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