Bote Opens Sixth Florida Retail Store
The brand opened its newest store in Jacksonville, FL, joining other Florida shops in Destin, Fort Lauderdale, Fort Walton Beach, Grayton Beach, and St. Petersburg.
Project Bike Tech Hires New ED; Mercedes Ross Transitions
PBT hired Jeff Donaldson as its new executive director, replacing Mercedes Ross, who held the position for eight years, and is transitioning into a new role with PBT as “director of awesome.”
EXEC: Dick’s SG Joins Other Retailers with Lower Seasonal Workers Plans for Holiday
Dick’s Sporting Goods followed Macy’s in reducing its planned holiday hiring plans this year versus 2022. The downbeat hiring targets come amid forecasts of lowered seasonal hiring overall this year due to higher labor costs and expectations of softer holiday selling.
RV Industry Association Sees Moderating Shipments Decline in August
The trade association’s August 2023 survey of manufacturers found that total RV shipments ended the month with 28,071 units, a decrease of 16.9 percent, and down 45.0 percent year-to-date.
EXEC: Superfeet’s New CEO Discusses the Untapped Insoles Opportunity
In June, Trip Randall, a former long-time Nike executive, became the third CEO in Superfeet‘s 46-year history. He talked with SGB Executive about the outsized growth potential still ahead for Superfeet as well as for the overall insoles category.
Surf Hardware International Relocates Global Headquarters
Surf Hardware International relocated its global headquarters to Australia’s Coffs Harbour and is trading under the name of Gowings Pacific Trader.
Arc’teryx Re-Opens Newbury Street Store
Arc’teryx reported it re-opened its Boston retail store in the Newbury Street shopping district.
West Marine’s Debt Ratings Withdrawn Following Debt Exchange
Moody’s Investors Service amended its debt ratings on West Marine following the retailer’s distressed exchange of all of its debt into equity as announced by the company on September 18.
Haro Bicycles Names COO
Haro Bicycles, based in Vista, CA, promoted Doss Barnes to chief operations officer, one year after joining the company as director of supply chain.
S&P Raises Authentic Brands Debt Ratings on Improved Performance
S&P Global Ratings raised the debt rating of Authentic Brands Group, LLC after the company outperformed its previous forecast for its sizable 2022 acquisition of Reebok and recently-closed acquisition of Boardriders, Inc. S&P said the company funded the Boardriders acquisition with less debt than previously expected due to new equity from its financial sponsors.
Thor Industries’ Fiscal Year EPS Hammered as Sales Fall 32 Percent
Thor Industries, Inc.’s profits tumbled 67.9 percent on a 28.4 percent revenue decline in the fiscal fourth quarter ended July 31 but both came in well above analyst targets. The RV maker predicted sales will decline about 3 percent in the current fiscal year following a 31.8 percent slide this past fiscal year.
Report: U.K. Cycling Market Down 8 Percent in First Half of 2023
While the early summer saw an improvement in the underlying trend after a tough start to the year, the Bicycle Association detailed the factors culminating in continued inventory surplus challenges in the U.K. at mid-year.
M&S | The Sports Edit Adds Activewear Brands To Growing Platform
Marks & Spencer’s M&S | The Sports Edit is adding Adidas, Columbia, Sweaty Betty, Regatta and Sorel to its dedicated sportswear platform on M&S.com as part of its continued push into the sportswear category.
Sorel Opens Pop-Up Shops Inside Hudson’s Bay
Hudson’s Bay, the Canadian luxury department store chain, opened three Sorel footwear pop-up shops on September 22 at Hudson’s Bay flagship stores in Vancouver, Montreal and Yorkdale in Toronto.
Gravity Haus to Open in Jackson, WY
Gravity Haus, the adventure-centric hotel and membership club, announced the addition of Gravity Haus Jackson Hole in Jackson, WY, marketing its 9th hotel.
