Recall: Deuter Kid Comfort Child Carrier Backpack
Deuter has voluntarily recalled approximately 4,900 Kid Comfort Child Carrier Backpacks. The company has identified an issue with the carrier’s hinge system, which could fail on first use.
Feetures Launches First Non-Sock Product with Performance Tees
Known for its performance socks, the Stride Flex Performance Tee line, comes in men’s and women’s styles and various colors, designed for physical activity and everyday wear.
Rip Curl and Oboz Parent KMD Names Former Nike Europe CEO as New Group CEO
Brent Scrimshaw transitioned from a non-executive role on the company’s Board to assume the role of Group CEO and managing director on March 24. Outgoing Group CEO Michael Daly will step down as director of KMD Brands on March 25 and complete a transition period with Scrimshaw until April 4.
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.
