Hoka Parent Deckers Brands to Execute Six-for-One Forward Stock Split
The parent company of the Ugg, Hoka, Teva, Koolaburra, and Ahnu brands reported that its stockholders approved the forward stock split measure during its September 9, 2024 annual meeting.
CNBC/NRF Retail Monitor Sees Strong Clothing, Footwear and Online Increases in August
Thanks to back-to-school, the Clothing, Footwear and Accessories sector soared in August, jumping 11.4 percent year-over-year. The sector that includes Sporting Goods fell 10.8 percent for the same period.
EXEC: Vista Outdoor Inks New CSG Proposal to Invest in Revelyst; Calls Out Large Shareholder
Czechoslovak Group a.s. has agreed to make a significant investment in Vista’s Revelyst outdoor products segment. The Board said this would increase cash consideration to stockholders by $4 per share to $28 per share.
Suzuki Marine USA Names National Dealer Field Sales Department Manager
Suzuki Marine USA has promoted Randy Bowers to the pivotal role of national dealer field sales department manager. Bowers will report to Suzuki Marine General Manager Sales & Marketing Brandon Cerka.
Elvisridge Capital Promotes Two Managing Outdoors Portfolio
Elvisridge Capital, an investment firm focused on the fishing, hunting and outdoor categories, has promoted Scott Peckham and Kasey Fox to leadership roles.
Brunswick-Owned Boat Club Acquires South Florida Franchise Operation
This acquisition adds to Freedom’s corporate presence in Southeast Florida, boosting operational efficiencies. Since Brunswick acquired Freedom Boat Club in 2019, the company has expanded from 170 locations to over 415 worldwide.
EXEC: Caleres Brand Portfolio Sees Tough Q2 on SAP Update while Famous FW Improving
An ERP upgrade to SAP Cloud during the quarter was said to be a significant part of the problem as it impacted the Brand Portfolio business and helped push sales down 5.1 percent in that segment, but it was not the entire problem. CEO Jay Schmidt detailed the problems and the solutions implemented.
Gearhead Outfitters To Host Grand Re-Openings of Former Summit Canyon Mountaineering Stores
A grand reopening of its newly re-branded stores in Glenwood Springs and Grand Junction, CO that were formerly known as Summit Canyon Mountaineering is scheduled September 12-15.
EXEC: Tommy Bahama Parent Sees Economic Uncertainty Hit 45+ Affluent Consumer
Oxford Industries, Inc., the parent company of Tommy Bahama, Lilly Pulitzer and Johnny Was, continued progress on long-term strategic goals in Q2, but the company also said it fell short of delivering on its near-term financial targets.
Superfeet Signs Sales Agency to Focus on Workplace Safety and Performance
LineDrive, a solutions-based sales agency that matches large-scale businesses with workplace safety tools to enhance workplace safety and productivity in the U.S. and Canada, will introduce Superfeet insoles to employers, to enhance workplace productivity and safety
Rural King to Open New Store in Conover, NC
The Conover store will host a grand opening from September 20-22. The retailer sells a wide variety of premium brands, including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods and Henry Rifles.
MasterCraft Boat Holdings Sells Florida Boat Manufacturing Plant to Regal Boats
As previously reported, the company held the Merritt Island facility for open market sale following its agreement to transfer the rights to its Aviara brand to a MarineMax subsidiary.
Kreedom Eyewear Adds California Indie Sales Rep
Boston Titensor, an independent sales rep, also carries the Hari Mari, Dakine, Vertra, and Von Zipper sunglass lines in the Orange County market in SoCal.
Report: Second Quarter U.S. E-commerce Sales Outpaced Total Retail Trend
The Census Bureau of the Department of Commerce reported that the second quarter of 2024 e-commerce estimate increased 6.7 percent (±1.2) from the second quarter of 2023, while total retail sales increased 2.1 percent (±0.4) in the same period.
Famous Footwear Parent is Latest Footwear Retailer to Lower 2024 Guidance
Caleres, Inc. became the latest retailer to lower fiscal full-year guidance after reporting second-quarter fiscal 2024 sales and earnings. A top-line miss was driven by a 5.1 percent decline in Brand Portfolio sales and Famous Footwear comps down 2.9 percent.
