Ross Stores Reports Q4 Sales and Earnings at Top End of Forecast
Ross sales trends began softening later in January and into February. The company believes a combination of unseasonable weather and heightened volatility in the macroeconomic and geopolitical environments has negatively impacted customer traffic.
Noto Group Opens London Office; Appoints John Copeland as Senior Partner
With nearly three decades of executive search experience across global consumer markets, Copeland “brings extensive European industry expertise that aligns with Noto Group’s vision
Nordstrom Beats Q4 Sales and Earnings Estimates; CFO Heading to Starbucks
In the fourth quarter, active, women’s and men’s apparel reportedly had the strongest growth versus fourth quarter 2023. For fiscal 2024, active, women’s and men’s apparel, kids, and shoes were said to be the strongest categories.
EXEC: Fenix Outdoor Takes Majority Stake in Devold of Norway Wool Brand
The parent of Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor brands, has agreed to acquire 65 percent of the shares in Devold of Norway AS, which is described as a “pioneer in wool clothing for outdoor activities and protective workwear.”
Target Signals Concerns over Tariffs and Consumer in Cautious 2025 Outlook
Target said fourth quarter results were led by strong performance in Sporting Goods, Apparel, Entertainment, Beauty and Toys.
EXEC: President Trump Pulls Trigger on China Tariffs; Market Asks What’s Next?
The expected tariff news hit on Monday, March 3, of a big news week related to the economy, starting with the Manufacturing PMI reports for February and ending with the Jobs Report on Friday, February 28.
REI Co-op is Gearing Up for New Larger Lynwood, WA Location
REI’s Alderwood Mall location will close at 3 p.m. on March 23. The larger relocated store will soft open to the community on March 28. A two-day grand opening is planned for April 4-6.
Streamlight Names New President
Michael Dineen will maintain his previous responsibilities in his new role and lead Product Management, Accounting and Finance, and IT operations. Dineen joined Streamlight following a 17-year career with MSA Safety, which accounts for a significant portion of Streamlight’s business.
Recall: Arva Neo BT Pro Avalanche Transceivers
A fuse within the avalanche transceiver could be defective and cause power to drain from the battery, posing a risk of loss of emergency communication, which could result in serious injury or death.
EXEC: Primaloft Posts Double-Digit Growth as Market Recovers from Inventory Woes
The textile partner for the outdoor market saw some upside in 2024 as inventory levels in the retail landscape began normalizing, increasing orders with retailers and with the company’s brand partners.
EXEC: BOA Posts Strong Double-Digit Increases in Sales and Operating Income for 2024
The 22.5 percent increase in sales was said to be the result of the improvement of end market inventory levels, coupled with market share gains in many of the brand’s key industries.
CrankTank Adds E-Commerce and Digital Strategy Hires
Katie Middel joins the company as client success manager, Anna Howard was promoted to account executive and Scotty Peck to account manager and Amazon management.
Ortovox Promotes Stefan Kohlbauer to CEO
Stefan Kohlbauer’s promotion to CEO follows a transition period during which Martin Riebel, managing director of Schwan-Stabilo Outdoor GmbH, provided interim leadership.
Recall: Black Diamond Vision Harness
Black Diamond has received one report of a well-used waist belt failing, with no reports of injuries or fatalities. While the cause remains under investigation, the company, in cooperation with the CPSC, has recalled the equipment as a cautionary measure.
EXEC: Fox CEO Talks Marucci’s MLB Ramp Up and an Uneven Return of Bike Sales
As Marucci enters its first year as MLB’s official bat partner, the company has expanded its bat manufacturing capacity as well as designed new products to drive incremental sales and reinforce the company’smarket-leading position in the MLB with Marucci and Victus.
