Wolverine Improves Margins in Tough Q4; Sees Double-Digit Decline for 2024
Fourth quarter revenue from the ongoing business was $521.2 million and declined 18.4 percent on a constant-currency basis, with all segments and brands posting declines.
Camping World Chair and CEO Named Executive Chair at Beyond, Inc.
Marcus Lemonis has been a director of Beyond since October 2023 and the chairman of its Board since December 2023. As executive chairman, he will work closely with the management team to lead and execute Beyond’s strategic priorities.
Malibu Boats, Inc. Sees C-Suite Shuffle; Re-Affirms Outlook
Ritchie Anderson, company COO, was promoted to president, effective immediately. Michael Hooks, chair of the Board, will become executive chair, effective immediately. CEO Jack Springer is leaving the company on/or before May 17, 2024.
Helinox Appoints New Global Executive Team
Andrew Shand was promoted to president and global chief operating officer following five years of building the company’s infrastructure and business in Europe.
Romp Skis Acquired by Former Crested Butte Retail Technician
New owner Chase Gardaphe, who worked at Flatiron Sports in Crested Butte for the 2007/08 season following college, started his career in manufactured housing in 2008 before receiving his MBA.
Walmart Inc. Tops Wall Street Estimates in Strong Q4 Performance
Consolidated revenue was $173.4 billion for the fourth quarter, up 5.7 percent, or 4.9 percent in constant-currency terms, topping Wall Street estimates. Global e-commerce sales grew 23 percent for the period.
Light Up Your Run with Garmin Forerunner 165 Series
“With personalized training plans, advanced running and recovery metrics and 24/7 wellness monitoring, these user-friendly smartwatches include impressive tools to help you cross the finish line.” –Dan Bartel, Vice President of Global Consumer Sales, Garmin
EXEC: Giant Group Reports Moderating Sales Decline in January
The January decline at the bike manufacturer represents the third straight month of moderating declines and the smallest decline since June 2023
Garmin Awarded No. 2 Spot on Forbes Best Large Employers List
Garmin with awarded the No. 2 spot by Forbes on its 2024 America’s Best Large Employers list, the company’s highest ranking to date, and the highest among tech companies.
EXEC: Rip Curl, Oboz Down Sharply in Fiscal H1 Against Tough Comps
KMD Brands Limited, the parent company of Kathmandu, Oboz and Rip Curl, reported a preliminary update of its results for the 2024 fiscal first half ended January 31.
Nalgene Outdoor Debuts Psychedelic Bottle Collection
The limited-edition Botanicals collection gets “groovy” with nature-inspired, psychedelic art designs in sync with wellness and fashion trends.
Canada Goose x KidSuper Launch Capsule for NBA All-Star 2024
Brand taps fellow Canadian and NBA All-Star, Shai Gilgeous-Alexander to launch the campaign as the company’s newest global brand ambassador.
Brunt Workwear Moving into Wholesale Market to Expand Reach
On the heels of its third straight year of triple-digit growth, Brunt said it is breaking from its DTC exclusivity with 23 wholesale partners across the U.S.
Outdoor Specialty Retailer Slim Pickins Outfitters to Relocate Store
“We are excited to be on the ground floor of the growth in the tri-cities area … And it’s extra sweet to be located next door to the historic Smokestack Restaurant, where my parents hosted their wedding rehearsal dinner in 1991.” —Heather Dawes, Co-Owner, Slim Pickens Outfitters
EXEC: Sebago, Superga, Briko Parent Sees Sharp Global Declines Cut Into Royalties
BasicNet S.p.A., the parent of the Sebago, Superga, Briko, Kappa, K-Way, Jesus Jeans, and Sabelt brands, reported aggregate sales of Group brands products declined 10.4 percent to €1.14 billion. The Americas region fell 35 percent.
