Eurobike Names Martina Rumschick Head of Brand & Content
Since founding Fairnamic in 2021, Martina Rumschick has supervised Eurobike as a project manager, starting with the inaugural event in Frankfurt and has played a significant role in shaping its development.
Aeroe Taps Coast 2 Coast Distribution for U.S. Distribution
The New Zealand-based brand said it is growing quickly in North America, and the appointment of the California-based Coast 2 Coast team allows the company to “supercharge” its efforts.
Target Corp. Ups Full Year EPS Guide After Retailer Returns to Growth in Q2
Based on strong profit performance in the front half of the year, the company said it now expects full-year GAAP and Adjusted EPS of $9.00 to $9.70 per share, up from the prior range of $8.60 to $9.60 per share.
TJ Maxx Parent Adds Four Doors to Sierra Count, Invests in GCC Retail Brand
TJX is taking a 35 percent stake in Brands for Less, which is currently located in the Gulf Cooperation Council (GCC) area. Based in Dubai, it is the region’s only major off-price branded apparel, toys, and home fashions retailer.
Grassroots Elects New Board Officers, Adds Board Members
Grassroots Outdoor Alliance, the national organization of independent outdoor specialty retailers, recently elected new officers and welcomed three new board members.
Macy’s, Inc. Swings to Q2 Profit But Lowers Guidance on Consumer Caution
Macy’s, Inc. reported it updated its annual outlook to reflect a more discriminating consumer and heightened promotional environment relative to its prior expectations.
EXEC: Salomon Sees North America Q2 Wholesale Cut into 55 Percent Jump in Global DTC
Amer opened 27 Salomon shops in Q2 in Greater China, bringing the total count for the brand to 136 doors. Wholesale sales declined slightly for the quarter, negatively impacted by slower pre-orders in the North America sporting goods and ski channels, which increasingly relies on replenishment orders.
Fleet Feet Adds Key Execs in Store Support, Supply Chain and Business Ops
Amy Diebler joins the company’s store support team as chief financial officer, Mary-Chelsea Banister joins as vice president of supply chain transformation, and Kevin Staudt joins Fleet Feet as vice president of business operations.
EXEC: Arc’Teryx Was Still Firing on All Cylinders in Q2 as DTC Led the Way
Technical Apparel segment growth was fueled by 39 percent DTC expansion, including a 26 percent omni-comp result, which was considered “a great result” as it had to comp against an 80 percent omni-comp last year in the second quarter.
President of the Fashion Institute of Technology to Depart
FIT President Dr. Joyce Brown will step down at the end of the 2024/25 academic school year, concluding nearly 26 years of service to the institution.
Scott Sports Appoints Co-CEOs and Expands Executive Leadership Team
The company hired Juwon Kim and Pascal Ducrot to new roles as co-CEOs of Scott Sports and added them as members of its executive leadership team
Brunswick Corp. Makes Key Leadership Changes as Navico Group President Departs
Aine Denari, Brenna Preisser, and Will Sangster will reportedly assume their new roles as presidents of their respective divisions immediately. Brett Dibkey, who preceded Denari as president, Navico Group will leave the company at the end of the August after assisting with the transition.
EXEC: GoPro Inc. Cutting 15 Percent of Workforce in Cost-Cutting Effort
The Restructuring Plan would reduce its full-time employees by 15 percent from 925 full-time workers at the end of Q2. Cuts would begin in Q3 2024 and be “substantially completed” by the end of 2024. The layoffs would affect 139 positions.
Iron Valley Supply Promotes Jacob Ring to Director of Product Management
Previously, as a key member of the company’s purchasing department, Ring managed over 5,000 products across 50 product lines, demonstrating exceptional organizational skills and strategic insight.
Amer Sports Raises FY Guide as Wilson Returns to Growth, Salomon and Arc’teryx Grow DD
The parent company of the Arc’teryx, Salomon, and Wilson Sports businesses, among others, raised its full-year sales and earnings guidance based on its strong Q2 results. The Wilson brand returned to growth, Salomon footwear posted DD growth and Arc’teryx continued its 30 percent-plus growth.
