Anthropologie Group Appoints Three To New Leadership Roles
Anthropologie promoted Anu Narayanan to president of women’s apparel, accessories, weddings, and beauty. Holly Thrasher was named chief merchandising officer of apparel and weddings. Aaron Mutscheller joins Anthropologie Group as president of Anthropologie Home and Terrain.
GT Bicycles Names Head Of Product
GT Bicycles hired Mike Giese, as head of product, responsible for overseeing product development, engineering and the company’s graphic teams, primarily focused on industrial design.
Delta Apparel Elects New Member To Board Of Directors
Delta Apparel, Inc. has elected Dr. Bill C. Hardgrave to its Board of Directors.
Yue Yuen Warns On Q1 Profit Decrease As Footwear Manufacturing Contracts
Footwear manufacturing powerhouse Yue Yuen Industrial (Holdings) Limited is expected to record a decrease of 40 percent to 45 percent in profit attributable to owners of the company as compared to profit of $88.6 million for the corresponding three-month period in 2022.
Intersport France Set To Acquire Go Sport Out Of Receivership
The Grenoble Commercial Court in France has ruled that Intersport France will acquire French retailer Go Sport in partnership with Qatari firm Al-Mana. The Court’s unanimous opinion supported an Intersport/Al-Mana bid valued at €35 million.
St. Croix Rod Hires New England Reps
St. Croix Rod announced that Justin Sterner and the team at Outdoors East have taken over sales representation throughout New England for conventional rods and fly fishing in the states of Maine, New Hampshire, Vermont, Connecticut, Massachusetts, and Rhode Island.
Yeti Board Member Resigns
Yeti, Inc. said in a regulatory filing that Tracey Brown gave notice of her resignation from its Board of Directors effective May 4 for reasons related to her other professional responsibilities.
Thule’s First-Quarter Sales Decline 27 Percent
Thule Group reported earnings fell 48 percent in the first quarter as sales fell 27 percent on weakness in the bike category tied to high inventory levels in the channel.
Newell Brands Outdoor & Recreation Core Sales Fall 27 Percent In Q1; Swings To Loss
The Newell Brands Outdoor & Recreation segment, home to Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, generated net sales of $270 million in Q1 compared with $388 million in the prior-year period. Normalized operating income was $13 million, or 4.8 percent of sales, compared with $50 million, or 12.9 percent of sales, in the prior-year period.
Dickies Makes Three Key Product Leadership Appointments
Dickies has made two new appointments and one internal promotion to their product leadership team. The appointments come on the heels of the early April announcement that saw Todd Dalhausser, previously president of VF Corp’s Altra footwear brand, named as the new president of Dickies.
Columbia Sportswear Narrows 2023 Profit Outlook As Q1 Profits Contract Over 30 Percent
Columbia Sportswear Company reported that net sales increased 8 percent (10 percent constant-currency) to $820.6 million in the 2023 first quarter as net income decreased 31 percent. Inventories increased 34 percent at quarter-end on elevated carryover inventory, earlier receipt of current season inventory.
The Rossignol Group Posts 28 Percent Growth For 2022/23 Financial Year
The Rossignol Group, parent of the Rossignol, Dynastar, Lange, Look, and Kerma brands, reported that revenue increased 28 percent to €401 million for the 12-month financial year period ended March 31, 2023, compared to €313 million in revenue for the prior year.
REI To Open Store On Tribal Land In Arizona
REI Co-op will open a store in Prescott, AZ in Fall 2023, leased from the Yavapai-Prescott Indian Tribe and located on tribal land at Frontier Village Center.
Academy Names New CEO And New President As Hicks Moves To Executive Chairman Role
Academy Sports and Outdoors, Inc. announced that, as a result of a planned succession process, the following changes to its executive leadership team will be effective on June 1, 2023.
Brunswick Posts Solid First Quarter Sales and Adjusted Profits
Brunswick Corporation reported consolidated net sales of $1.74 billion for the first quarter of 2023, up 2.8 percent from $1.70 billion in the first quarter of 2022. Diluted EPS for the quarter was down 30.7 percent to $1.56 a share on a GAAP basis but up 1.6 percent to $2.57 a share on an adjusted basis.
