VF Corp. Aligns with Activist Investor, Appoints New Indie Board Member
VF will appoint another independent director to the Board in the near term, mutually agreed with Engaged Capital and will prioritize considering the candidates identified by Engaged Capital.
Sitka Gear to Open First Southeast Store
The brand will open its third brick-and-mortar store in The Battery Atlanta with a grand opening for the community on February 24.
EXEC: Topgolf Callaway Sees All Segments Grow in Q4 But Loss Widens
Revenue grew 7 percent at Topgolf, 5 percent in the Golf Equipment segment and 3 percent in the Active Lifestyle segment. The company’s net loss increased 6.1 percent on a GAAP basis and 10.6 percent a non-GAAP basis.
EXEC: Shimano Forecasts 2024 Double-Digit Sales and Profit Decline
Fiscal full-year 2023 net sales decreased 24.6 percent from the prior year to ¥474.36 billion. Operating income decreased 50.5 percent to ¥83.65 billion, and net income attributable to owners of the parent company decreased 52.3 percent to ¥61.14 billion.
Nocs Provisions Welcomes Head of Product
Quay joins Nocs with over a decade of experience in product development and direction, with past roles at Aventon and Specialized Bicycle Components.
O’Neill Opening Brand Store in Honolulu with Hawaiian Island Creations
The flagship store, on Kalākaua Avenue in Honolulu, HI, joins eleven other Hawaiian Island Creations store locations on Oahu and more across Maui and the Big Island.
Honey Stinger Appoints Another New CEO
Most recently, John D’Alessandro was chief marketing officer for Nutraceutical Corporation where he was credited with orchestrating the development of over 35 brands.
Nordstrom, Inc. to Add Another Rack Store in New Jersey
The 26,000-square-foot store will be located in Manalapan Commons, a shopping center that includes Best Buy, Panera Bread, Five Below, PetSmart, and Raymour & Flanigan.
EXEC: Shimano Inc. Confirms California Lawsuit Plaintiffs Seek Class Action Status
The lawsuit was filed in the U.S. District Court in California against its subsidiary, Shimano North America Holding, Inc. as well as the three bicycle manufacturers – Specialized Bicycle Components, Inc., Trek Bicycle Corporation and Giant Bicycle, Inc.
Lacoste Names New Head of Finance
Philippe Gautier returns to Paris and assumes the role of executive vice president of Finance for Lacoste from Denis Lamoureux who has been in the position since 2017.
Perfect Moment Closes Its Initial Public Offering
Perfect Moment, Ltd. closed its initial public offering of 1,334,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of approximately $8 million.
Columbia’s Omni-Heat Infinity To Support U.S. Return to the Moon
“Our ongoing partnership with Intuitive Machines has the potential to drive even more innovation for our brand.”—Joe Boyle, Brand President, Columbia Sportswear
Wiley X to Assemble New Products in Frisco, TX Headquarters
“By bringing assembly of new products under our own roof we’re taking even greater control of the manufacturing process.”—Myles Freeman, President and Co-Owner, Wiley X
Report: January Year-Over-Year Retail Sales Trend Accelerates from December Trend
January sales were up in six out of nine retail categories on a yearly basis, led by online sales, health and personal care stores and clothing and accessory stores, and up in five categories on a monthly basis.
Fly Fishing Community Mourns the Loss of Legendary Angler Cathy Beck
Beck was a master angler and considered a pioneer in fly fishing instruction. She leaves an “indelible mark on enthusiasts worldwide” for her unwavering dedication to the sport and anglers worldwide.
