Salewa Adds Indie Sales Agency for Pacific Northwest
Salewa hired Katie Borgen and her company, Skadi Collective, to represent the brand in the Pacific Northwest (Washington, Oregon, Idaho, Montana, and Alaska).
SFIA names Chief Operating Officer
The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove.
Study: Retailers See Big Online Sales Declines After Closing Brick & Mortar
ICSC found that closing a store reduced online sales in the trade area surrounding that store by 11.5 percent. For emerging retailers, there was reportedly less of an impact, as online sales for largely DTC brands that closed a store decreased by 5.2 percent.
Asics Sells Haglöfs to PE Firm
Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.
Desiknio Hires New Managing Director and Brand Manager
Desiknio, a manufacturer of e-bikes and sister company to Stromer, hired Morten Kristiansen as managing director and Max-Louis Wolff as brand manager.
IKamper Bolsters U.S. Team with Three New Hires
The manufacturer of rooftop tents and gear expanded its U.S. team by adding Callie Pople, Kara Thrift and Matthew Kim.
GSM Outdoors Acquires Phenix Rods
GSM Outdoors reported it acquired Phenix Rods, marking the company’s entry into the fishing rod space.
Study: The Retailers Getting the Most Online Benefit from New Stores
According to the analysis of the ICSC’s survey of 850 shoppers, department stores had a 50.6 percent increase in online spending, followed by apparel retailers with an 11.6 percent increase in e-commerce sales.
VF Corp. Data Breach Impacting Ability to Ship Orders
The company detected a cybersecurity breach in its systems on December 13 that is “reasonably likely to continue to have a material impact on the company’s business operations,” including its ability to fulfill online orders.
Wolverine Transforming Saucony and Merrell Model in China; Sells Asia Leathers Business
Wolverine World Wide, Inc. said it plans to shift its Merrell and Saucony businesses in China from a joint venture model with with Xtep to a license and distribution rights model. It also agreed it sell its Asia-based Wolverine Leathers business. Both actions are expected to simplify Wolvderine’s business model and generate $70 million in proceeds.
Adidas AG Appoints HR Chief to Supervisory Board
The Supervisory Board of Adidas AG has appointed Michelle Robertson as an Executive Board member, responsible for global human resources, people and culture, effective January 1, 2024.
StockX Outlines Cold Weather Footwear Favorites for Winter
According to the latest analysis from StockX, top picks at the culture marketplace include cold weather favorites from Ugg and performance styles from Salomon, New Balance and Hoka with Gore-Tex.
Costco’s Q1 Profits Top Targets
Costco reported earnings rose 16.5 percent in its fiscal first quarter ended November 26 as same-store sales rose 3.8 percent, including a 2.0 percent gain in the U.S. Earnings topped analyst expectations.
SylvanSport Introduces Vast Travel Trailer
SylvanSport, the Brevard, NC-based manufacturer of adventure travel trailers, pop-up campers, rooftop tents, and outdoor gear, launched the 21-foot Vast travel trailer.
November Sales Show Small Gain, Tops Expectations
The Commerce Department reported that retail sales rose 0.3 percent in November over the prior month, stronger than the 0.2 percent decline in October and better than the Dow Jones estimate for a decrease of 0.1 percent.
