Weak sales prompted the company to take a hard look at its operating expenses, with personnel costs cut by 16 percent, advertising costs by 10 percent, R&D costs by 25 percent, and G&A expenses by 19 percent.
Author: SGB Media
Le Coq Sportif Posts Wider H1 Loss on Weaker Footwear Sales
Growth in the brand’s apparel and accessories businesses wwas offset by declines in footwear for the six-month period ended June 30.
Macy’s Plans to Open Up to 30 Small-Format Stores Through 2025
Macy’s, Inc. reported plans to open up to 30 new small-format stores starting in 2024 and running through fall 2025; this is in addition to the 15 small-format Macy’s and Bloomie’s stores the retailer will operate by the end of 2023.
Camping World’s CEO Joins Overstock’s Board
Overstock.com, Inc. appointed Marcus Lemonis, chairman and CEO of Camping World, as an independent director, effective October 2, 2023.
Academy Sports + Outdoors Opens Second VA Store
The 77,000-square-foot space in Fredericksburg, VA marks the sixth store Academy has opened in 2023 on its was to its goal of opening 120 to 140 new stores by the end of 2027.
Wahoo Fitness to Close RGT Cycling Virtual Cycling App
Wahoo Fitness announced plans to close its virtual cycling app RGT, the company acquired in April 2022, to focus on its “structured training content.”
Fanatics Inks CLC Deal to Sell Licensed U.S. College Gear Worldwide
The company signed a long-term agreement with U.S. collegiate licensing company CLC to sell licensed fan gear from U.S. colleges to international college sports enthusiasts through its online sites.
Zamberlan Names Rep Group In Midwest
Zamberlan, the third-generation handcrafted Italian bootmaker, tapped The Hammond Group to represent the brand in the Midwest.
Carhartt to Double Lowe’s Stores Penetration in 2024
The Carhartt collection, available at roughly 250 Lowe’s stores across the Northeast, Midwest and Pacific Northwest, will reach approximately 250 additional stores in Texas, the Southeast and California adding Carhartt products in early 2024.
Kid Caddie Turns Baby Strollers Into Golf Carts
Kid Caddie, the golf club carrier, transformed the baby stroller into golf push carts, making the parenting routine a more active golf course experience for the family.” Kid Caddie’s patent-pending, “easy to install” design “fits nearly any stroller” and uses a stroller’s handlebars and under-storage area to keep clubs organized while parents walk the course. […]
Nike Partners with Sustainable Apparel Coalition on Decarbonization Tool
Nike and Target are among the primary backers of Sustainable Apparel Coalition’s new Manufacturer Climate Action Program that helps apparel giants measure emissions and set science-based targets.
Orage Ski Apparel Introduces Gilltek Breathable Insulation Technology
Orage, the ski apparel brand with roots in outerwear design and freeskiing, upped its commitment to the U.S. with expanded product distribution by introducing its Gilltek breathable insulation technology. Founded in 1989 and headquartered in Montreal, Orage’s Gilltek technology offers the following key features: Breathability: Gilltek technology’s baffle construction is designed to remove excess heat; […]
Lax Ammunition Opens Fourth Retail Store In California
Lax Ammunition, the Southern California ammunition retailer, opened its fourth retail location in San Marcos, CA, on October 2.
Varsity Brands Completes Sale of Herff Jones Graduation Business
Varsity Brands completed the sale of the Herff Jones Graduation Business to Atlas Holdings. Terms of the transaction were not disclosed.
Future Motion Recalls Electric Skateboards After Four Deaths
Future Motion, Inc., the manufacturer of Onewheel electric skateboards, issued a recall of 300,000 skateboards in tandem with the U.S. Consumer Product Safety Commission (CPSC) after a series of accidents and four reported deaths.
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