Sales accelerated during the peak back-to-school season and continued through the month of August. The company achieved low-single digit comparable store sales growth for Fiscal August 2024, driven by growth of the Children’s and Athletics categories.
Author: SGB Media
Macy’s, Inc. Announces Debt Tender Offer
Macy’s Retail Holdings, LLC, has commenced a cash tender offer to purchase up to an aggregate principal amount of certain of its outstanding notes for a combined aggregate purchase price of up to $220 million.
Freemotion Partners with Grupo Multi, Expands Presence in Brazilian Fitness Market
Freemotion entered into a strategic partnership with Grupo Multi, the Brazilian fitness distribution company. The announcement follows the appointment of Yvette Cisneros as Freemotion’s sales director for LATAM.
Kästle USA Appoints Steven Poulin as President and CEO
The Austrian ski brand, founded in 1924, said the timing of Poulin’s hire would accelerate growth as it introduces new categories.
ZeroTech Optics Hires New Marketing Manager
Mack Winzenburg previously worked at Weatherby and Gun Fighters, Inc. His passion for filmmaking, the outdoors and his industry experience make him a perfect fit for ZeroTech’s marketing efforts in the U.S.
Kimber Welcomes Sports South to Bolster Sales Distribution
Kimber Mfg., Inc., headquartered in Troy, AL, designs and manufactures firearms for individual, sporting, law enforcement, and military markets.
Tiger & Rory Tap PGA Tour VP as Business Development Chief for TMRW Sports
For the last 15 years, Brian Cleek has held business development roles at the PGA of America, Roush Fenway Racing and, most recently, PGA Tour.
Lands’ End Narrows Q2 Loss as Margins Improve Despite Sales Decline
The company reported that Gross Merchandise Value increased in the mid-single digits year-over-year for the quarter . Net revenue decreased to $317.2 million in Q2, compared to $323.3 million in fiscal Q2 2023.
G-III Inks Global Converse Apparel License; Ups EPS Guidance of Strong Q2
G-III said with Converse holding a position as an iconic American youth lifestyle brand the agreement represents a significant opportunity for the company to expand the G-III active lifestyle business.
National Academy of Sports Medicine Appoints VP of International
Vega Perry oversees NASM’s strategy for global expansion. She will focus on strengthening operations in existing markets and identifying new growth opportunities in new regions in the fitness and wellness space.
Buckle Sees August Comps Inch Up
Buckle, Inc. reported August comparable store net sales for the 4-week period ended August 31 inched up 1.7 percent from comparable store net sales for the year-ago August period.
EXEC: Dick’s SG Tempers Outlook for H2 on Concerns Over Consumer
The largest sporting goods retailer in the country, which just posted 4.9 percent comp growth in the first half of the year, also has concerns about the consumer. As many others have noted in their earnings calls, DKS is clearly seeing something at the store level.
Staccato Hires Two Leaders in Marketing and Business Development
Staccato the manufacturer of the Staccato 2011 Pistol announced that Jessie Harrison and KC Eusebio joined the company as training director and brand specialist and director of special projects and business development, respectively.
Fossil Group Snags Franco Fogliato as CEO and Board Member
New CEO Franco Fogliato most recently served as president and CEO of Salomon. Before that, he spent eight years working at Columbia Sportswear as CEO of Europe and at Billabong Group and held executive roles at The North Face earlier in his career.
Sacks Parente Golf Re-Brands as Newton Golf: A Sacks Parente Company
The company will now call the original Sacks Parente Golf putter division Newton Gravity within Newton Golf: A Sacks Parente Company, while Newton Motion Shafts will keep its segment name.
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