Patagonia promoted Nina Hajikhanian to general manager of EMEA. Most recently, she was the direct-to-consumer director, leading e-commerce, retail and customer service.
Author: SGB Media
EXEC: Ugg Brand Looks To Europe And DTC For Growth After Fiscal 2023 U.S. Weakness
Ugg performed in line with expectations as the brand focused on driving growth through DTC and international markets, while facing tough comparisons from the prior fiscal year related to refilling domestic wholesale inventories as well as currency exchange rate pressures overseas.
Costco Sees Fiscal Q3 Earnings Miss
Costco Wholesale Corp. reported earnings in the fiscal third quarter ended May 7 that missed analysts’ expectations. Same-store sales excluding the impacts of changes in gasoline prices and foreign exchange were up 3.5 percent.
EXEC: Hoka Added $521 Million In New Revenue In Fiscal 2023; DTC Remains Focus
Hoka plans to emphasize growth in the DTC channel, driving high full-price sell-through and building market share with existing points of wholesale distribution, especially in light of a dynamic consumer environment.
Hibbett Reduces Full-Year Guidance On Q1 Miss
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, “”Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.”
Kavu Marks 30 year Anniversary With Sandal Launch
Kavu, the Seattle, WA-based apparel brand, is celebrating its 30th anniversary as an independent, privately-owned business this year with the launch of a new footwear line. “In the same way that other outdoor industry icons have designed technical climbing gear or backcountry ski gear to support their passions, Kavu founder Barry Barr has poured himself […]
RVIA: RV Shipments Down 45 Percent In April, Again Led By Towables
The results from RVIA’s (RV Industry Association) April 2023 survey of manufacturers found that total RV shipments ended the month with 31,216 units, a decrease of 45.4 percent compared to the 57,192 units shipped in April 2022.
Fox Factory Welcomes New CFO
Fox Factory Holding Corp. named Dennis Schemm as chief financial officer, effective June 12. Schemm succeeds interim CFO Maggie Torres, who will retire when Schemm assumes the role.
Athleta’s Q1 Revenues Slide 11 Percent
Gap Inc. reported net sales at its Athleta women’s activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta’s sales “were impacted by continued product acceptance challenges.”
Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines
Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent.
EXEC: Vans Bets Big On MTE, Ultra And A 30 Percent SKU Cut In Turnaround Plan
Vans revenues were down 14 percent (-12 percent constant-currency) to $857.0 million in fiscal Q4 but sees encouraging green shoots from new product launches and focus following a 30 percent SKU reduction.
Lolë Acquires Époque Évolution
Lolë, the Montreal-based activewear and outerwear brand, reported it acquired Époque Évolution a sustainability-focused women’s apparel brand based in San Anselmo, CA.
Cap America Names VP Of Sales
Cap America, the headwear manufacturer, promoted Grace Schettler to senior vice president of sales.
Duluth Holdings Adds Board Member
Duluth Holdings, Inc., the parent of Duluth Trading, elected Ronald Robinson to its Board of Directors. Robinson works for Designer Brands as its chief supply chain officer.
G.O.A.T. Fuel Completes Funding Round
G.O.A.T. Fuel, the sports energy drink co-founded by pro football Hall of Famer Jerry Rice, closed on its initial Series Seed round of financing, was oversubscribed and raised $5 million.
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