Petsmart’s Arcadia Trail Collection Empowers Pet Parents + Pets To explore With Confidence
LED apparel, functional outdoor gear and glow-in-the-dark toys give pet parents the confidence to enjoy the outdoors safely this summer with their pets.
Gazelle Bikes Introduces Eclipse eBike Featuring Bosch Smart System
The Eclipse is Gazelle’s first low-step, Class 3 eBike paired with the largest, integrated 750W battery.
EXEC: Leatt Corporation Investing in New Segments as Green Shoots Start to Appear
Although CEO Sean MacDonald admitted right up front on a conference call that 2023 was a challenging year for the cycling and motorcycle industries, he also noted that Q4 represented the first signs of the green shoots of a recovery in certain areas.
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.
Lands’ End, Inc. Authorizes $25 million Share Repurchase Program
The company expects that purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
EXEC: Zumiez to Stop Store Expansion to Focus on Profitable Growth, Brand Expansion
In 2023, Zumiez closed 20 underperforming North American stores and expect to close an additional 20 to 25 locations in 2024, should results continue to be challenged. The retailer said it will pivot from new stores to profitable growth in Europe.
EXEC: Dick’s Sporting Goods on Path for Biggest Expansion Since 2017
After a strong finish to the fiscal year and posting its largest Q4 ever, the company has already put its stake in the ground for the next chapter (or chapters) in the story of the 75-year-old sporting goods retailer.
Ruffwear Builds Leadership Team as Brand Celebrates 30 Years
Ruffwear promoted Young Joen to chief operating officer, hired Robin Skillings as chief marketing officer and Sandella Gansheimer as chief revenue officer.
EXEC: The Apparel Brands Bringing the Brand Heat in 2024
The third annual Brand Heat Index from L.E.K. Consulting identified the brands that are gaining in popularity, or increasing their brand “heat,” across major product categories and generations in women’s and men’s footwear and apparel.
Amazon’s Inaugural Big Spring Sales Event Begins March 20
Amazon’s first Big Spring sale kicks off on March 20 and runs through March 25. Free Prime shipping applies during the sale with free same-day or one-day delivery.
Streamlight, Inc. Promotes Three Sales Professionals
The company promoted Eric Pike to director of e-commerce and digital shelf architecture, Kevin Burger to director of automotive and hardware and Geoff Evans to sales director, Canada.
G-III Apparel Swings to Q4 Profit as Owned-Brands Increase as Share of Business
The company said it delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of its higher margin, owned brands to 47 percent of fiscal 2024 net sales, up from 40 percent last year.
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
A 16.2 percent overall Q4 sales decline was said to be due, in part, from a lack of significant new product launches in the fourth quarter when compared to the prior-year quarter. Full year Wholesale sales grew 45 percent, while DTC sales fell 15 percent.
Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.
Fossil Group Names Interim CEO and Board Director as Kartsotis Steps Down
Jeffrey Boyer, the company’s EVP and chief operating officer since April 2021, was appointed interim CEO and as a member of the Board of Directors, effective immediately.
