BOA and Primaloft Parent Launches Stock Buyback Program
Compass Diversified, owner of BOA, Primaloft, 5.11 Tactical, Velocity Outdoor and other active lifestyle brands, said its board authorized the repurchase of up to $100 million of stock.
EXEC: REI Selling Four Distribution Centers in Sale/Leaseback Plan
REI is seeking to monetize the value of the DCs through a triple-net (NNN) sale/leaseback transaction with an end of year 2024 Closing.
Play It Again Sports Parent Sees Flat Profits In Q3
Winmark Corp., the parent of Play It Again Sports, reported flat earnings in both the third quarter and nine months ended September 28.
Arris Composites Selected for U.S. Army for Study on Carbon Fiber Boot Plates
The company was selected by the U.S. Army for a study on the use of advanced carbon fiber plates in military boots. The project builds on Arris’ development of a carbon fiber plate for Brooks’ Hyperion Elite 4 running shoe.
Shoe Show Reports Cyber Security Incident
The retailer reported a cyber security incident involving a Shoe Show employee e-mail account. Shoe Show filed a data breach notice detailing the incident with the Attorney General of Maine, on October 9.
Deloitte Forecasting 8 Percent Bump in 2024 Holiday Season Spending
The firm reported that consumers will bargain shop even if it means choosing value over loyalty. The business advisory firm also sees a ramp up in experience gifting to more than offset flat sales in traditional merchandise.
EXEC: Lululemon Touts International Growth Potential
At an investor event held in Shanghai, Lululemon Athletica officials did not provide any major updates on progress in reviving North America revenues, but analysts told SGB Media that officials laid out a convincing strategy to reach its goal of having international ultimately represent half of sales, fueled predominately by China Mainland.
EXEC: Rip Curl CEO Resigns Two Weeks After Parent Company CEO Resigned
Brooke Farris has given notice of her resignation as Rip Curl brand CEO. The move came just two weeks after Michael Daly notified the Board of his resignation after serving as Group CEO since May 2021. Former Nike executive Brent Scrimshaw was named the new group CEO.
Megabass of America Appoints Director of Marketing
Megabass of America, the North American arm of Japan’s manufacturer of high-end fishing tackle, hired Patterson Leeth, formerly at Simms, as director of marketing.
Exxel Outdoors Moves Distribution Center to North Mississippi
According to the Chamber of Commerce for Tupelo, the relocation from Reno, NV, to Tupelo, MS, represents a corporate investment of over $2 million and will create at least 40 jobs.
Yamaha U.S. Marine Business Unit Rebrands Kracor Division; Names GM
Yamaha U.S. Marine Business Unit has renamed Kracor, a Yamaha Marine Systems Company, Inc. (YMSC) division, to Yamaha Marine Rotational Molders and is officially doing business under the new name. The company named John G. Augustiniak as the general manager.
Jones Snowboards Expands Re-Up Recycling Program
The company is expanding its Re-Up recycling program, launched in 2023, to include snowboard trade-in and resale. Snowboarders who trade in used Jones boards will receive a credit to purchase a new one with free shipping.
FireDisk Cookers Appoints Exclusive Sales Rep Firm
The company has tapped Commercial Sales and Marketing as its exclusive representative to target the hardware, sporting goods and grocery markets.
Astral Appoints Head of B2B Sales
As head of B2B Sales, Christian Mason will strengthen long-term relationships with key partners for Astral and optimize sales performance across all branded product.
NRF Sees 2024 Holiday Selling Season Growth Lowest Since 2018
“Household finances are in good shape and an impetus for strong spending heading into the holiday season, though households will spend more cautiously.” – NRF Chief Economist Jack Kleinhenz.
