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. (Read More)
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. (Read More)
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. (Read More)
Turtle Fur reported strategic leadership hires, including CEO Jim Osgood, CFO Matt Glomski and VP of Marketing & E-Commerce Erika Canfield. (Read More)
With 20-plus years of experience in the creative and marketing field, Mountain Khakis hired Ant Sanders as creative director. (Read More)
Amazon's Andy Jassy, the company's chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023. (Read More)
Drapers reported that Sweaty Betty's chief executive Julia Straus and chief operating officer, Mark Smith, would step down this summer following the brand's takeover by Wolverine Worldwide. A search is underway to fill the positions. (Read More)
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss running brand predicts sales will grow 39 percent. (Read More)
The Buckle, Inc. board of directors authorized a 35 cents per share quarterly dividend to be paid to shareholders of record at the close of business on April 14, with a payment date of April 28. (Read More)
The National Hockey League and its longstanding partner Fanatics have inked a new 10-year agreement which, beginning with the 2024/25 season, will see Fanatics become the League’s authentic outfitter of on-ice uniforms and supplier of authentic jerseys at retail. (Read More)
