Vista Outdoor Board Pushes CEO Metz To Resign
Vista Outdoor Inc. announced that Chris Metz has agreed to resign as CEO and director at the request of the Vista Outdoor Board “based on the Board’s loss of confidence in his leadership for reasons not involving financial reporting or internal controls.” Gary McArthur, a member of the company’s Board of Directors, has been appointed interim chief executive officer, effective immediately.
Costco January Comps Fall 15.4 Percent
Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year.
Unifi’s Fiscal Q2 Sales Plummet 32 Percent
Unifi, Inc. reported a net loss of $18 million in its fiscal second quarter ended January 1 as sales fell 32 percent. Results were in line with a pre-announcement on January 19.
Brunswick Sees Fast Start On Winter Boat Show Circuit
Brunswick Corp. reported a solid start to the 2023 boat show season, highlighting the “continued market momentum and showcasing of its ACES Innovation strategy.”
American Outdoor Brands Expands Missouri HQ Lease Space
American Outdoor Brands, Inc. will expand the lease at its Columbia, MO headquarters and distribution center, effective January 1, 2024.
Ugg Parent Sues Walmart For Patent Infringement
Deckers Brands, the parent of Ugg, Hoka and Teva brands, filed a lawsuit in California Central District Court against Walmart, charging the retailer infringed on copyrighted product designs.
Authentic Brands Group And Fleet Street Partner On Frye Outerwear
Authentic Brands Group partnered with wholesaler/retailer Fleet Street to become Frye’s design, manufacturing and distribution partner for outerwear, excluding leather, and swimwear for men and women.
Heimplanet Relaunches In North America
Heimplanet is relaunching in North America to serve outdoor specialty retailers and expand distribution.
Wiley X Opens New HQ In Frisco, TX
As Wiley X, the family-owned eyewear brand celebrates its 35th Anniversary, it also opened its new headquarters in Frisco, TX.
NRF Supports Recently Enacted Organized Retail Crime Legislation Bills
The National Retail Federation’s SVP of Government Relations, David French, issued a supporting statement after the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act were introduced in the U.S. Senate.
Work Sharp Successfully Defends IP Against Unauthorized Resellers
U.S. District Judge Michael McShane in the District of Oregon reportedly entered two judgments in favor of Work Sharp and against two unauthorized resellers of Work Sharp products.
Canada Goose Offers Resale Platform To Consumers
Canada Goose launched a re-commerce platform, Canada Goose Generations, providing an authorized reselling platform that “keeps Canada Goose products in circulation, giving them a second, third and fourth lifetime,” according to a company release.
Under Armour Adds Two To Board As Saunders Departs
Under Armour, Inc. appointed Carolyn Everson and Patrick Whitesell to its board of directors effective February 1, 2023. Longtime UA board member Harvey Sanders will retire on March 31, 2023.
Academy Sports’ Debt Ratings Outlook Raised
S&P Global Ratings revised its debt rating outlook for Academy Sports + Outdoor, Inc. following a debt repayment. The positive rating outlook reflects the potential for an upgrade if Academy consistently performs during an uncertain economy while sustaining low S&P Global Ratings-adjusted leverage of about 1x.
Giant Group Acquires Minority Stake In Stages Cycling
Giant Group, headquartered in Portland, OR, acquired a 32.5 percent stake in Stages Cycling, a maker of stationary smart bikes for the commercial gym and home markets and crankarm-based power meters.
