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.
Author: SGB Media
Outdoor Research Appoints VP of Operations
Outdoor Research recently promoted long-time employee Geoff Potter to vice president of operations, who has worked in planning and operations for nearly 12 years.
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.
EXEC: Kohl’s Shares Fall on Choppy Q3 Results, Sharp E-Commerce Decline
The retailer had a solid back-to-school season, and through the first eight weeks, sales were tracking above expectations, but warmer weather during the latter part of September and into October had a clear impact on demand for fall seasonal goods, especially in store.
Wolverine Licenses Wolverine Brand Sock Business to Renfro Brands
Wolverine Worldwide’ licensed the Wolverine brand sock business exclusively to Renfro Brands.
EXEC: Hibbett Gets Q3 BTS Footwear LIft as Nike Loyalty Partnership Starts to Bear Fruit
Men’s and kids were reportedly both down in low-single-digits, driven by a low-teens decrease in Apparel. Footwear results in both men’s and kids were said to be up in low-single-digits. The Women’s business was up in mid-single-digits, driven by a mid-teens increase in Footwear offset by weak Apparel results.
EXEC: Foot Locker Shares Downgraded by BTIG Analysts
BTIG is taking the opportunity to step to the sidelines despite continuing to believe in the “significant low-hanging fruit at FL and the company’s potential as CEO Mary Dillon implements her playbook.”
Norrøna Adds New Rep to cover Southwest U.S.
Norrøna hired Meagan Millar as a new sales rep covering the Southwest U.S. Millar brings over 20 years of experience in the outdoor industry.
Thermowave adds Olympic skier Katia Griffiths to Athlete Team
European outdoor performance apparel company expands ambassador program
Forloh introduces Merino Hi-Loft Reversible Jacket and Vest
Forloh, the 100 percent USA-made technical outdoor brand, released its men’s Merino Hi-Loft Reversible Jacket and Vest.
Vim & Vigr Celebrates Tenth Anniversary
Launched with one style of compression socks in 2013, Vim & Vigr has grown to include dozens of styles, three compression levels, four custom fabric blends, with over 1,300 retailers worldwide.
Burlington Stores Sees Q3 Comps Expand 6 Percent
Burlington Stores Inc. reported an earnings uptick in the third quarter October 28 as same-store sales grew 6 percent. Sales were in line with guidance while EPS was at the upper end of guidance.
Dynastar celebrates 60th Anniversary
As Dynastar celebrates its 60th anniversary in 2023, its new for FW 2023/24, Hybrid Core 2.0 ski construction, is touted as part of its sustainability journey.
DPS Skis Partners with Kohla
The U.S.-based ski manufacturer DPS Skis reported partnering with Kohla, the Austrian brand specializing in mountain sports equipment, to be its exclusive North American distributor of climbing skins and accessories and backpacks effective November 2023.
Deloitte Sees 13 Percent Hike In Spending Over Thanksgiving Weekend
Spending during the Thanksgiving week period is expected to be up 13 percent from last year, with shoppers expected to spend an average of $567 during the Black Friday-Cyber Monday (BFCM) shopping events, according to Deloitte’s 2023 Black Friday Cyber Monday Survey.
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