Nordstrom Plans Another Texas Rack Store
With the addition of this new location, two stores opening this fall in Denton and Allen, and the recently-opened location in San Antonio, Nordstrom will operate 22 Nordstrom Rack stores and eight Nordstrom stores in Texas.
Movement Skis Cuts OpEx After Tough Start to Year
Weak sales prompted the company to take a hard look at its operating expenses, with personnel costs cut by 16 percent, advertising costs by 10 percent, R&D costs by 25 percent, and G&A expenses by 19 percent.
Camping World’s CEO Joins Overstock’s Board
Overstock.com, Inc. appointed Marcus Lemonis, chairman and CEO of Camping World, as an independent director, effective October 2, 2023.
Academy Sports + Outdoors Opens Second VA Store
The 77,000-square-foot space in Fredericksburg, VA marks the sixth store Academy has opened in 2023 on its was to its goal of opening 120 to 140 new stores by the end of 2027.
Zamberlan Names Rep Group In Midwest
Zamberlan, the third-generation handcrafted Italian bootmaker, tapped The Hammond Group to represent the brand in the Midwest.
Lax Ammunition Opens Fourth Retail Store In California
Lax Ammunition, the Southern California ammunition retailer, opened its fourth retail location in San Marcos, CA, on October 2.
Pas Normal Studios Adding Singapore and Munich Flagship Stores
Danish cycling apparel powerhouse added a store in San Francisco this past spring and another store opening recently took place in the heart of Munich, while a new flagship store opened in Singapore over the weekend.
Salt Life is Subject of Unsolicited Acquisition Offer
The company said there can be no assurances as to the timing, terms or structure of a potential transaction or that a transaction will consummate.
Parlee Cycles Acquired by Private Investor; Rebrands as Parlee Composites, Inc.
The acquisition of the brand and 100 percent of the assets of Parlee Cycles by avid cyclist and independent investor John Harrison signals a new chapter as the company assets move to a new entity, Parlee Composites, Inc.
Hestra Gloves Appoints Former Thule Group CEO to Board
Magnus Welander is joining Hestra Gloves’ Board of Directors following 14 years as CEO of the Thule Group. He is also the Board Chair at helmet technology company Mips.
Dainese Group Appoints New CEO
The owner of the Dainese, AGV and TCX motorcycle apparel, helmet, and boot brands and licensee for Momo Design, appointed Angel Sánchez as CEO, effective November 2. Cristiano Silei, CEO of Dainese since 2015, will become non-executive chairman of the company.
Outdoor Research Hires Senior VP of Product
Felix Del Toro brings 30 years of apparel and product experience to OR from roles at Athleta, Lululemon and a range of industry brands.
Signa Sports to Delist Shares, Terminate SEC Reporting; Appoints New CEO
Signa Sports United N.V. reported an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company’s severe liquidity and profitability challenges. In connection with the strategic realignment, the company is delisting its shares from the NYSE and terminating its SEC reporting requirements.
SGB Media Reports Most Read Articles, Key Metrics for September 2023
SGB Media reported its Top 20 most-read articles, and the coverage included many of the usual big brands and a few companies that have been silent of late. The Top 5 included articles about Sportsman’s Warehouse, West Marine, Dick’s Sporting Goods, Amer Sports, and Asics Corp., with Academy, Champion and Nike seeing high readership.
SEC Charges Coleman’s Parent Co, Former CEO With Misleading Investors
The SEC on Friday charged Newell Brands and Michael Polk, its former CEO and current CEO of Implus, with misleading investors over financial accounting practices. The company and Polk agreed to a settlement with the SEC.
