EXEC: Rip Curl and Oboz Parent Saw Both Brands Hurt by Retailer Caution in H1
KMD Brands, Inc., the New Zealand-based parent of the Rip Curl, Oboz and Kathmandu brands, reported that total consolidated Group revenue in the first half of fiscal 2024 decreased 14.5 percent year-over-year (YoY).
Report: Retail Industry Continues to be Largest Private-Sector Employer
The retail industry supported 55 million full- and part-time jobs in 2022, accounting for 26 percent of total U.S. employment, according to a new report released by the NRF.
Motocaddy Strengthens U.S. Sales Team Following Record Growth
The new joint Vice Presidents of Sales, Mike Samoles and Andy Warren, have over 50 years of golf industry experience between them and join the brand following a reported record growth of 42 percent last year.
American Apparel Expands Reach in Australian and New Zealand Markets
American Apparel, owned by Gildan Activewear, is expanding its reach in the Australian and New Zealand markets, releasing its 2024 product line through a dedicated e-commerce website.
EXEC: Xtep Gives Nod to Saucony Profits, Provides Details on Wolverine IP Deal
The retail partner for the Saucony, Merrell, K·Swiss, and Palladium brands, and now a 40 percent owner of the Saucony IP in China, said 2023 was a landmark year as it celebrated its 15th Anniversary of listing on the Hong Kong Stock Exchange.
Dick’s House of Sport Partners with Former NFL Pro J.J. Watt
“J.J.’s passion for sport and his commitment to the community make him the perfect fit for Dick’s House of Sport.” —Mark Rooks, VP of creative, sponsorships and entertainment, Dick’s Sporting Goods
Copper Mtn Resort x Ball Revolutionize Recycling Practices To Protect Mountain Town
The Ball Aluminum Cup is made of 90 percent recycled content, the highest recycled content rate of any beverage packaging in its category and is available in 5 different sizes.
RVIA: Board Meeting Notes and RV Campground Coalition Hold First In-Person Meeting
The newly formed RV Campground Coalition held its first in-person meeting and began setting goals to unify the industry around campgrounds’ importance to RV camping’s current and future health.
Joyride Closes Series A Funding to Connectivity in Low-Speed Electric Vehicles
The company powers connected electric vehicles in over 250 global markets, from e-scooters and e-bikes to mini-cars and golf carts.
Petsmart’s Arcadia Trail Collection Empowers Pet Parents + Pets To explore With Confidence
LED apparel, functional outdoor gear and glow-in-the-dark toys give pet parents the confidence to enjoy the outdoors safely this summer with their pets.
Gazelle Bikes Introduces Eclipse eBike Featuring Bosch Smart System
The Eclipse is Gazelle’s first low-step, Class 3 eBike paired with the largest, integrated 750W battery.
EXEC: Leatt Corporation Investing in New Segments as Green Shoots Start to Appear
Although CEO Sean MacDonald admitted right up front on a conference call that 2023 was a challenging year for the cycling and motorcycle industries, he also noted that Q4 represented the first signs of the green shoots of a recovery in certain areas.
EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year
The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.
Lands’ End, Inc. Authorizes $25 million Share Repurchase Program
The company expects that purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
EXEC: Zumiez to Stop Store Expansion to Focus on Profitable Growth, Brand Expansion
In 2023, Zumiez closed 20 underperforming North American stores and expect to close an additional 20 to 25 locations in 2024, should results continue to be challenged. The retailer said it will pivot from new stores to profitable growth in Europe.
