Leatt Corp. Sales Expand 5 Percent In Third Quarter
Protective gear brand Leatt Corp. reported earnings dipped 5 percent in the third quarter on September 30 although sales grew 5 percent.
Wolverine Cuts Outlook On Supply Chain Disruption, Heightened Promotions
Wolverine World Wide, Inc. saw strong double-digit gains at Merrell in the third quarter but overall sales and profitability came in below plan due to supply chain and promotional pressures. The company reduced its guidance for the year.
Recall: Thule Camber 2 Bike, Thule Camber 4 Bike, Thule Range 4 Bike
Thule recalled its Camber 2 bike (model #905800), Camber 4 bike, (model #905600) and Range 4 bike, (model #905700), in partnership with the National Highway Traffic Safety Administration (NHTSA) and Health Canada in an affected manufacturing date code range.
Imports Slow As Holiday Season Ramps Up
Imports at U.S. container ports continue to slow from the records set earlier in 2022, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
Correct Craft Acquires Indmar Marine Engines
Correct Craft acquired Indmar Marine Engines, the manufacturer of inboard marine engines.
Houdini Sportswear Opens Store In Kungsgatan, Sweden
Houdini Sportswear opened a store in Kungsgatan, Sweden. Electrolux, a long-time partner, installed a laundry service in the space to showcase its garment care. The space also has a kitchen for consumers to connect.
Kohl’s CEO Steps Down To Take President Role At Levi Strauss
Michelle Gass, CEO of Kohl’s, is stepping down early next month to become the president of Levi Strauss & Co. Levi’s said Gass would start work and join its Board on January 2. The Board began a succession plan for her to succeed Chip Bergh as president and CEO in the next 18 months.
Canada Goose Adds Chief HR Officer
Canada Goose hired Jess Johannson as chief human resources officer, overseeing its global teams within HR, including talent acquisition, employee experience, training, and global policy.
Inov-8 Opens First Showroom In Europe
UK-based Inov-8 opened its first showroom in Annecy, France. “The showroom will be a basecamp for all customers, media contacts, friends, and family living within the heart of the French Alps,” said Manu Fedon, Inov-8 sales manager for France.
Sun & Ski Sports To Open 32nd Store
Sun & Ski Sports will open its 32nd store in Phoenix/Paradise Valley, AZ, on November 11, in the former space occupied by Staples located off Tatum Blvd.
Chiappa Firearms USA Names President
Italian manufacturer Chiappa Firearms hired Don Madole as president of Chiappa Firearms, USA, Ltd.
Ammo, Inc. Reaches Settlement Agreement With The Urvan Group
Ammo, Inc., the owner of GunBroker.com, reached a settlement agreement with Steven Urvan and Susan Lokey of The Urvan Group.
Clarus Reduces FY Guidance
Clarus Corporation reported continued demand for its Outdoor segment, led by Black Diamond and Precision Sport segment and by Sierra and Barnes, in the third quarter ended September 30, but lowered its sales and earnings outlook for 2022 due to lower sales in its Adventure segment and the volatile foreign currency market and higher freight costs.
Wolverine Worldwide Appoints Lead Independent Director
Wolverine World Wide, Inc. hired Nicholas Long as the lead independent director of its Board of Directors.
Namuk Bolster’s U.S. Presence, Hires CMO
Namuk, the Swiss kid’s outdoor apparel brand, hired Sebastian Reinhard as chief marketing officer, responsible for national and international communication.
