Bloomingdale’s has promoted Denise Magid to the newly created role of chief merchandising officer, effective immediately. Within this position, Magid will drive the strategic direction and performance of all Bloomingdale’s merchandising initiatives.
Author: SGB Media
Fila Holdings Gets Acushnet, Strong USD Lift As 2022 Sales Top ₩4 Trillion
Fila Holdings reported that consolidated revenue grew 11.3 percent to ₩4.22 trillion for the full year 2022, compared to ₩3.79 trillion in the prior year. Operating profit declined 11.7 percent to ₩435.07 billion in 2022.
Haro Bikes Welcomes New CEO
Haro named Bjarke Rasmussen, formerly Cycling Sports Group’s vice president of global operations and strategic sourcing, as its new chief executive officer.
Winnebago’s Q2 Revenues Decline 26 Percent As RV Demand Crashes
Winnebago Industries Inc. reported profits were down 42.1 percent in the fiscal second quarter ended February 25 as sales retreated 25.6 percent. Sales of of towables tumbled 47.0 percent due to softening RV demand following peak selling in the earlier stages of the pandemic.
KMD Posts Record H1 Results On Triple-Digit Oboz Growth, Double-Digit Rip Curl Gains
KMD Brands Limited reported that fiscal 2023 first-half revenue jumped 34.5 percent to A$547.9 million. The first-half saw continued sales growth for Rip Curl, strong Australian recovery for Kathmandu, and record first-half sales for the Oboz business
Shoe Carnival Shows Modest Earnings Growth In Fourth Quarter
Shoe Carnival reported earnings rose 4.9 percent in the fourth quarter ended January 28 as higher gross margins offset a 7.2 percent decline in sales. The family apparel chain said comparable store sales were up 12.6 percent against the pre-pandemic 2019 fourth quarter.
Olin Closing Epoxy Facilities As Part Of On-Going Restructuring Program
Olin Corporation, the parent of Winchester Ammunition, will cease operations at its Cumene facility in Terneuzen, Netherlands and the solid epoxy resin production at its facilities in Gumi, South Korea and Guaruja, Brazil.
Alterra Mountain Co. Lays Out Capital Investment Plan Worth Nearly $500 Million
Alterra Mountain Company outlined a nearly $500 million capital investment program focused on enhancing the guest and employee experience across its destination resorts over the next year.
Shimano NA Fishing Launches Saltwater Rod Series
Shimano North America Fishing introduced three new series of rods geared toward the saltwater angler. These product options “cater to a spectrum of anglers, from offshore captains to tournament-savvy billfish enthusiasts and surf fishermen.” New product options include the Shimano Hi-Power X and Spiral X technologies are a common thread in the lineup, delivering rod […]
Topo Designs Receives Growth Investment From Gart Capital Partners
Topo Designs reported a significant equity investment from Gart Capital Partners, a family investment company headquartered in Colorado, marking the first time the brand has taken outside funding since its founding in 2008.
Nike, Inc. Posts Double-Digit Growth Across Regions In Fiscal Q2 As EPS Beats Outlook
Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis. Diluted EPS declined 9 percent to 79 cents a share. Inventories for Nike, Inc. were $8.9 billion, up 16 percent.
Newell Brands Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings on Newell Brands Inc. as the company’s earnings and cash flow guidance for fiscal year 2023 has come in significantly weaker than previous expectations because of weak macroeconomic conditions and continued inflationary pressures.
Anta Sports Posts Solid 2022 Revenue Growth Despite Fila Brand Dip In China
Anta Sports Products Limited saw revenue increase 8.8 percent to RMB53.65 billion in 2022, compared to RMB49.33 billion in 2021. The Group’s operational measures and “Dynamic Management” approach were said to have been effective as profit attributable to shareholders reached RMB7.59 billion, outperforming market expectations.
Turtle Fur Hires CEO, CFO And VP Marketing & E-Commerce
Turtle Fur reported strategic leadership hires, including CEO Jim Osgood, CFO Matt Glomski and VP of Marketing & E-Commerce Erika Canfield.
Outdoor Vitals Introduces Nebo Windbreaker
Outdoor Vitals, the Utah-based performance outdoor apparel and gear brand, added the Nebo Windbreaker to its line—an ultralight 4oz. jacket offering breathability and versatility. Named after the rugged peak on which it was tested, the Nebo can be worn year-round as a layering piece with optimal ventilation, preventing moisture from building up inside the jacket. […]
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