Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
WWW entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company for Merrell and Saucony kids footwear and Merrell apparel and accessories.
Big 5 Sporting Goods Falls to Q1 Loss as Comps Fall 13.5 Percent
The company said the calendar shift of the Easter holiday, during which the company’s stores were closed, from Q2 2023 to Q1 2024, negatively impacted sales comparisons by approximately 100 basis points.
Rocky Brands Swings to Q1 Profit as Organic Sales Grow 7.6 Percent
The owner of the Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, Xtratuf, and Ranger brands divested the Servus brand in the year-ago period, which boosted sales and margins on an organic basis.
Rocky Brands Inks Comprehensive Debt Refinancing Deal
The debt refinance agreement includes a $175 million revolving credit facility and a $50 million term facility, amending and restating the company’s existing $175 million revolving credit facility with Bank of America.
Vista Outdoors Postpones Investor Day as it Measures Suitor’s Interest
Initially scheduled for May 29, the event will now take place early in the fall at the company’s Adventure Sports headquarters in Irvine, CA. The company will share the rescheduled date closer to the event.
Vuori and ENDVR’s Strategic Alliance: Driving Sales Growth in Wholesale Channels, Part 3
This is Part 3 of 3 in a series of sponsored posts from ENDVR.
EXEC: REI Co-Op Sales Ticked Lower in 2023; Loss Widens
REI reported that three factors largely drove the loss: its commitment to continue investing in hourly employee pay, its commitment to providing a member reward and a $169 million non-cash valuation allowance against its deferred tax assets.
EXEC: Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Footwear revenues grew 13 percent in Q1, said to be driven by the strong brand momentum, particularly in the Originals and Football categories, and Apparel sales were up 2 percent in the period. Accessories grew 1 percent.
Wolverine Worldwide Appoints Chief Legal Officer and Corporate Secretary
Dave Latchana was promoted to chief legal officer and corporate secretary, overseeing the company’s legal, compliance, corporate communications, risk management, ESG, security, and loss prevention functions.
EXEC: Velo Shuttering Colorado Cyclist and Planet Cyclery, Running Liquidation Sales
B. Riley is facilitating the total liquidation of Planet Cyclery and Colorado Cyclist’s inventory, in connection with the executed General Assignment for the Benefit of Creditors (ABC) of Velo.
Reef Appoints New CFO
Daniella Turenshine is Reef’s new chief financial officer. Most recently, she was the CFO at Figs since December 2021 and, before that, the senior vice president of Finance and Strategy since November 2018 at Figs.
Wiley X Restructures Sales Management and Adds 100 Reps
The company hired seasoned industry executive Aaron Quigley as SVP of sales. Quigley joins the brand with over 20 years of experience as a sales executive for companies, including Oakley, Stussy and VonZipper.
Dometic Returns Manufacturing to Elkhart, Indiana
The Elkhart plant will produce the 9100 series of power awnings, with subsequent models added in the coming weeks. Its facility in Mexico will continue to service the aftermarket segment, focusing on logistics optimized through Dometic’s Texas distribution center.
EXEC: Thule Gets Shot in the Arm from Resurgent Bike Business in Q1
In the Americas, the recovery of the cycling market boosted bike-related products sales, but Packs, Bags & Luggage category sales declined due to “significantly lower” sales of legacy products that are phasing out gradually.
Fischer Sports Recalls RC4 Junior Ski Boots Due to Fall Hazard
This recall involves RC4 50, RC4 60 and RC4 65 Junior Ski Boots in sizes 21.5 to 27.5. The RC4 50 and RC4 60 sold in Rhino Grey and Snow colors.
