SGB Executive Outdoor

VF Corp. To Roll Out 300 Additional Mono-Brand Retail Stores

The parent company of Vans, TNF, Timberland, and other active lifestyle brands engaged with Dubai-based global retail conglomerate GMG to expand its retail network across the Middle East, North Africa, and Southeast Asia markets over the next five years.

EXEC: MNC Capital Partners Ups Ante in Vista Outdoor Takeover Bid

MNC submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. for $37.50 per share, or approximately $3.0 billion, as it tries to head off the sale of Vista’s ammo business to a foreign entity. Meanwhile, Vista has scheduled a shareholder vote for the sale of the ammo business to Czechoslovak Group.

EXEC: Academy Execs Break Down Q4 Hits and Misses, 2024 Outlook

Academy saw an improving comp store sales trend in its fiscal fourth quarter, and while still negative, it gave company management something to hold on to when assessing overall performance in Q4, the full year ended February 3 and planning the year ahead.

EXEC: DSW Parent Sees Business on Right Track with New People and Processes

DBI expects net sales growth in the low-single-digits in 2024 versus 2023, even when considering the headwind of the extra week of sales in 2023. EPS is forecasted to range between 70 cents to 80 cents per share for 2024, representing a roughly 10 percent increase at the midpoint when compared to the 2023 results.

EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year

The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.