The end-of-season sale for AW23 included an unusually high percentage of products sold at a discount to make room for a new collection replacing many of the brand’s product lines for AW24, partly due to new restrictions on PFAs in apparel.
Author: SGB Media
Dillard’s Q2 EPS Contracts 42 Percent on Lower Sales, Tighter Margins and Rising Expenses
The department store retailer hit the trifecta as sales and margins fell and expenses rose for the fiscal second quarter. The weakest performances came from men’s apparel, accessories and shoes; the best category was cosmetics.
EXEC: Equinox Group’s Blink Fitness Unit Files for Bankruptcy to Facilitate Sale
Blink Fitness reported that it has made the strategic decision to execute an “efficient and value-maximizing sale process to optimize its footprint and position the business for long-term success.”
EXEC: 361 Degrees Posts Healthy H1 Results, Outpaces China Retail Growth Trends
The strong growth was said to be mainly due to the Group’s continuous efforts in channel rollout and marketing to promote online and offline omni-channel operations.
VF Corp. and Nike Veteran Goksel Ozturk Passes Away
VF Corporation announced the passing of Goksel Ozturk, the company’s country managing director in Turkey
Escalade’s Walt Glazer to Retire from President and CEO Roles
Glazer, a shareholder since 1991, a Board Director for the past nine years, and chairman since 2018, will continue serving on the Board after his retirement, pending annual shareholder approval.
Vail Resorts Announces 2024/25 Winter Season Opening Dates
The company will kick off the ski season in October at Keystone Resort, with more resorts across the Rockies and West opening closer to the winter season.
Leatt Corporation Swings to Q2 Loss as Global Sales Fall Despite U.S. Growth
Consumer-direct sales increased by 19 percent, and dealer-direct sales increased by 14 percent, which the company believes is a testament to brand recognition and the success of its drive to reach a wider global consumer group.
Hodgdon Powder Company Adds Two Industry Pros at RCBS Unit
Reloading industry leader RCBS, a division of Hodgdon Powder Company, has hired Chris Rodgers as digital & e-commerce senior manager and Joel Hodgdon as the company’s new marketing director, with both hires effective immediately.
Yamaha U.S. Marine Appoints Outdoor Marketing Division Manager
A 21-year company employee, Scott Higgins now oversees Yamaha Marine advertising, events, tournaments and sponsorships, Yamaha pro staff, and Yamaha Marine dealer education. He succeeds Susan Camp, who retired in August 2024.
Reports: Rad Power Bikes Cut More Headcount in July
This is the sixth round of layoffs that have hit the e-bike startup since 2021.
Peloton and Google Fitbit Ink Multi-Year Content Partnership
As part of the agreement, Fitbit’s U.S., UK, Canada, and Australia Premium Members can access Peloton classes across strength, Pilates, running, boxing, cycling, Barre, and other categories.
Puma Appoints Managing Director for Gulf Cooperation Council States
Johan Kuhlo was promoted to managing director of the GCC, starting September 1. He will oversee the UAE, Saudi Arabia, Qatar, Kuwait, and Oman and report to Puma CEO Arne Freundt.
Winnebago Makes Transitioning Moves on Executive Leadership Team
Chris West, currently senior vice president of Winnebago Industries enterprise operations and Barletta Boats, has been named president of the Winnebago Outdoors businesses, replacing Huw Bower who is stepping down at the end of August.
Dick’s Sporting Goods Plans New Distribution Center in Fort Worth, TX
Construction on the facility will begin early this fall with a groundbreaking. The building phase is expected to create more than 800 temporary construction jobs. The facility is expected to open in early 2026.
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