The Group will grow Klean Kanteen’s North American distribution while further elevating the brand into European and Asia Pacific markets.
Author: SGB Media
EXEC: Foot Locker Shares Plummet as New Team Overshoots on Plan
FL shares closed down 29.4 percent for the day. Some expected give-back would come after a 43 percent run-up since the Q3 report, but others grew more concerned that FL may be too optimistic about 2024.
Legendary Innovator Gert Boyle: Spanning Generations
The First Lady of Innovation was more than an industry icon and philanthropist. She was a model for the power of the pioneering spirit—venturing into the unknown with vision and determination and leading by example for others to follow.
Club Pilates Opens 1,000th Studio in Portland
Club Pilates reached a milestone, opening its 1,000th studio in Portland, OR. The space joins a global network across 12 countries offering low-impact Reformer-based workouts.
Hari Mari Footwear Raises $10M in Equity Investment Round
The brand is taking the next step in its expansion strategy, recently closing on a $10 million equity raise to support growth plans in the casual footwear and lifestyle space.
EXEC: Intersport Spain’s Director General Exits at Board Request
The company said that Ángel Solores, under mutual agreement, is leaving as director general and head of Intersport Spain. However, European media reported that the company had terminated Solores.
EXEC: Amer Sports Expanding Winter Sports Production in Europe
The parent of the Salomon, Atomic and Armada ski brands noted a new Nordic ski factory is nearing completion in Bulgaria, while preparations have started on an Alpine binding factory in Romania.
USA Pickleball Adds Two At-Large Members to Board
Andrew Feffer and Tori Stevens were elected to serve three-year terms as At Large members on USA Pickleball’s Board of Directors.
Thor Industries Shares Fall After Company Cuts Outlook on Weak N.A. Backlog
North American Towable RV net sales were down 11.9 percent for the fiscal second quarter and North American Motorized RV net sales decreased 22.8 percent, while European RV net sales increased 20.9 percent for the period.
Allbirds Inks Distributor Deals for Japan and Australasia
Effective June 1, 2024, Goldwin, Inc. will be the exclusive Allbirds distributor in Japan, and on July 1, 2024, Compendium Group will be the company’s first appointed Australasian distributor.
Nordstrom, Inc. Gets Lift from Rack Stores and 53rd Week to Post Q4 Sales Increase
In the fourth quarter, the active category was called out for one of the strongest growth drivers by category for both the fourth quarter and full year. Women’s apparel was also called out as a key driver for the fourth quarter.
Jetset Pilates Continues U.S. Franchise Expansion
The franchise continues to grow with over 16 deals in Florida and signed development deals in Texas, North Carolina, NYC, Georgia, and Australia.
Foot Locker, Inc. Exceeds Internal Q4 Estimates but Delays Long-Term Targets
The retailer posted accelerated sales trends relative to the third quarter, EPS that exceeded the guidance range and success across multiple KPIs, but is also delaying by two years its previous guidance for its EBIT margin target while also axing its dividend.
Johnson Health Tech Names New VP Commercial Business, International
John Young was promoted to VP of Commercial Business, International. He joined JHT in 2017 and was previously responsible for commercial sales and business development across the Pan-Asia region.
Ross Stores Comps Up 7 Percent in Q4 and EPS Sees Solid Increase
The discount retailer reported sales for the fiscal fourth quarter ended February 3 grew to $6.0 billion. Ross posted EPS of $1.82 per share for the 14-week fourth quarter ended February 3, up from $1.31 per share for the 13-week Q4 period ended January 28, 2023. The extra week was responsible for 20 cents a share.
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