Intersport International Corp. Appoints First Chief Commercial Officer
Pierre Irelli will assume the lead of the IIC’s Commercial Division. Irelli has been chief product officer at Intersport France since 2019. He first joined Intersport in 2013 as a category manager for Team Business.
SGB Media Releases August 2023 Most Read Articles, Key Metrics
SGB Media published a quick review of the top stories from August 2023 that drove pageviews up 14 percent month-over-month to almost 184,000, while total users grew 10 percent and time spent on the site by each user rose 19 percent for the period.
Active Lifestyle Stocks Move in S&P 500, S&P MidCap 400 Indices
Newell Brands and Foot Locker are moving to the SmallCap 600 from their former positions in the S&P 500 and S&P MidCap 400, respectively, and Vail Resorts, Inc. enters the S&P MidCap 400 index.
Study: American Malls Making a Comeback Post-Pandemic
A study conducted by Coresight Research found that traffic at U.S. shopping malls has recovered and surpassed pre-COVID levels, supported by the “halo effect” created by a brand’s online and offline presence in a mall, brand synergy in malls and omnichannel retail investments.
Brunswick Enters Electric-Foiling Surfboard Market with Acquisition
The acquisition of Fliteboard, which combines advanced hydrofoils and electric propulsion on the water, presents the opportunity for technological, manufacturing, commercial, and consumer synergies with Brunswick’s portfolio.
Sportsman’s Warehouse Opens First Storefront In Arkansas
Sportsman’s Warehouse opened a store in Hot Springs, marking its first retail location in Arkansas.
Authentic Closes on Acquisition of Boardriders
Authentic issued a quick statement late Friday morning that it had closed on the acquisition of street- and actions sports-lifestyle brands Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Honolua, and Boardriders.
REI to Open in Ithaca, NY
REI Co-op plans to open a store in Ithaca, NY in the summer of 2024 and hire approximately 50 employees.
EXEC: Academy Sports’ Shares Jump On Upbeat Outlook
Shares of Academy Sports and Outdoors, Inc. closed up $4.63, or 9.3 percent, to $54.57 Thursday as second-quarter earnings topped analysts’ estimates and the retailer reiterated its guidance for the year. Academy officials said sales steadily improved throughout the second quarter as customers responded to its message around value and newness.
EXEC: Mips AB Takes 25 Percent Stake in Sensor Technology Company
Quintessential Design’s proprietary technology reportedly turns passive gear into smart companions capable of detecting safety events, triggering emergency response protocols and connecting the closest emergency services to those in distress.
RVIA: 16 Million RV Travelers Will Hit the Road for Labor Day
Of the 95 million leisure travelers in the U.S. planning to travel over Labor Day weekend, 16 million intend to do so in an RV, according to a recent survey conducted by Cairn Consulting for the RV Industry Association.
Fjällräven Opens Palo Alto Store
Fjällräven expanded its global retail footprint by opening a new brand store in Palo Alto, CA.
Academy Sports’ Q2 Tops Wall Street Targets
Academy Sports and Outdoors, Inc. reported second-quarter earnings came in just ahead of analyst expectations. Same-store sales declined 7.5 percent in the quarter but improved throughout the quarter. Academy reiterated its sales guidance while raising its EPS outlook due to share repurchases.
Redarc Electronics Makes Four Key Sales & Marketing Hires
Hires include, Greg Gorski as global marketing director, Gary Langbo as the general manager of sales, North America, Savannah Goodwin as North American strategic marketing manager, and Doug Larsen as global website and e-commerce manager.
Lands’ End, Inc. Sees Q2 Loss Widen Despite Expanding Gross Margins
The company reported second-quarter net revenue decreased 7.9 percent to $323.3 million in the three-month period ended July 28, compared to $351.2 million in the second quarter of fiscal 2022.
