Kohl’s, Inc. cut its full-year forecast due to plans to increase promotional activity to reduce inventory levels. The department store chain reported second-quarter results slightly ahead of expectations but indicated a weakening economy and high inflation are weighing on sales growth.
Author: SGB Media
Elan Earns Green Star Certification
Elan, the global ski manufacturer, handcrafting skis 100 percent on green energy and 100 percent in the Slovenian Alps for 77 years, earned the Green Star Certificate for its integration of social responsibility and sustainability plans through 2030 and beyond. Elan’s manufacturing facility runs on 100 percent green energy where “all products are handmade in a single […]
Ruffwear Launches FW22/23 Collections
Ruffwear, the manufacturer of performance dog gear, launches two collections for FW22/23 season. The Trailhead collection, released on August 17, flexes across lifestyles and activities so humans and dogs can find “common ground to play and explore more together.” Launching October 12, the Innovative Insulation collection features winter jackets with technical insulation for canines during […]
Winnebago Approves 50 Percent Hike In Quarterly Dividend
Winnebago Industries, Inc. said its board raised its quarterly dividend by 50 percent and approved a new share repurchase authorization program.
Outdoor Prolink Expands Canadian Pro Purchase Program
After 17 years of doing business in the U.S., Outdoor Prolink, the pro purchase program created for outdoor professionals, announced its expansion into Canada last Fall and has grown to include the following brands for Canadian outdoor professionals—BadFish, G3, Helly Hansen, Mammut, Mountain Hardwear, NOBL Wheels, Red Paddle, SMRT Tent, and Thule. Outdoor Prolink’s verified […]
Nite Ize Partners With Outdoor Brands On Tru Zip Technology
Nite Ize, a manufacturer of solution-based products, announced its partnership with six outdoor brands that use its patented Tru Zip zipper—a toothless, dustproof, waterproof zipper—including Simms Fishing, Hydro Flask, Fishpond, CamelBak, Booē, and Adventure Medical Kits “TRU Zip technology enables us to provide a first-of-its-kind solution across a variety of outdoor activities from hunting and fishing, […]
Moody’s Affirms Newell Brands’ Debt Ratings
Moody’s Investors Service affirmed Newell Brands, Inc.’s debt ratings. The affirmation reflects Newell’s large-scale and good operating performance from sustained organic growth and operating profit margins despite the current inflationary period.
Movement Introduces New CEO
Movement Climbing, Yoga and Fitness, the operator of climbing gyms, hired Jeremy Levitt as chief executive officer.
Linus Bikes Signs New Canadian Distribution Partner
Linus announced that Noru XPLR, Inc. is now an exclusive authorized distributor of Linus Bike products for Canada.
Therm-A-Rest Celebrates 50 Years
Therm-a-Rest, the manufacturer of camping gear since 1972, celebrates its 50th anniversary this year. SGB Media talked with Brandon Bowers, product manager at Cascade Designs, the company’s long-time parent, about how Therm-a-Rest got its start, its longevity and its latest innovations. How did Therm-a-Rest get its start? A major layoff at Boeing prompted two laid-off engineers […]
Target’s Q2 EPS Misses Wall Street Targets
Target Corp. reported a steep decline in earnings due to planned markdowns to support the chain’s inventory reduction efforts. Total sales grew 3.3 percent due to steady traffic growth on top of unprecedented increases over the last two years. The discounter maintained its guidance for the year.
Murf Electric Bikes Hires Marketing Director
Murf Electric Bikes hired Ally Losness as marketing director, bringing over a decade of brand launch and growth experience to the position.
TJX Trims Outlook For Year After Q2 Sales Shortfall
The TJX Companies, Inc. reported second-quarter earnings came in at the high-end of guidance but U.S. same-store sales missed plan. The off-price chain increased its full-year pretax profit margin outlook but overall lowered its sales and earnings guidance.
Allbirds Adds Former Nike Exec To Board
Allbirds, Inc. added Ann Freeman to its board of directors, effective August 16, 2022. Freeman was vice president and general manager, North America, for Nike.
PXG Opens First Custom Build And Distribution Center In U.K.
PXG recently opened its first custom build and distribution center in the United Kingdom.
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