NICS FBI background checks showed strong firearms demand on Thanksgiving week, culminating in 192,749 checks on Black Friday, a 2.8 percent increase from last year and the third-highest total, according to NSSF.
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Original Penguin Brand Ambassador Captures Australian PGA Championship
Original Penguin by Munsingwear, within the golf division of Perry Ellis International, Inc., reported that its brand ambassador Cameron Smith won his third Australian PGA Championship. Smith also won this year’s PGA Tour scoring record at the Sentry Tournament of Champions, the Player’s Championship and his first major at The Open Championship at St. Andrews. […]
Nexgen Packaging Names CEO
Nexgen Packaging, a provider of packaging for the retail, apparel and footwear industries, hired James Welch as CEO. Welch assumed the role in October, after having been the company’s co-CEO since June 2021. Co-founder Andy Effron moved from the co-CEO role to the chairman.
Mastercard SpendingPulse: Black Friday Sales Climb 12 Percent
According to Mastercard SpendingPulse, U.S. retail sales on Black Friday were up 12 percent year-over-year, excluding automotive, in-store sales increased 12 percent year-over-year, and e-commerce sales experienced sustained growth, up 14 percent.
Bankruptcy Court Approves PrairieFire’s Acquisition Of Front Sight
PrairieFire reported that the U.S. Bankruptcy Court for the District of Nevada confirmed its Chapter 11 plan of reorganization under which PrairieFire will acquire 100 percent of the equity of Front Sight Management, LLC, the firearms training institute.
Designer Brands Expands Board With Two New Members
Designer Brands Inc., the parent of DSW, announced two new appointments, Rich Paul and Tami J. Fersko, to its Board of Directors.
Soccer Post Receives Investment From Private Equity Firm
Soccer Post, the largest chain of soccer specialty stores in the U.S., has secured an investment from TZP Group, the private equity firm. Soccer Post announced that Alex Morgan, the American professional soccer player, has become an investor and brand ambassador.
Six Questions: John Roberts, CEO, Woolmark
In March, John Roberts was named CEO of The Woolmark Company, the Australian-based global “authority” on Merino wool and owns the Woolmark logo. Woolmark is a subsidiary of Australian Wool Innovation (AWI), a not-for-profit enterprise for woolgrowers of Australia that conducts research, development and marketing along the worldwide supply chain for Australian wool on behalf […]
Rad Power Bikes CEO Steps Down
Rad Power Bikes CEO Mike Radenbaugh has stepped down, replaced by Phil Molyneux, who joined the Seattle-based e-bike company as president and COO earlier this year.
EXEC: Foot Locker Finds Surprise Boost From Nike In Third Quarter
Foot Locker Inc. reported third-quarter results that surpassed expectations due to improved allocation of Nike products on top of continued success in its diversification efforts to feature other footwear brands. The sneaker giant lifted its guidance for the year. Mary Dillon, Foot Locker’s new CEO, told analysts, “Our relationship with Nike is very important. It’s strong.”
Record 166.3 Million Shoppers Expected During Thanksgiving Weekend
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more consumers than last year and is the highest estimate since the NRF began tracking the data in 2017.
Athleta Sees Flat Comps In Third Quarter
Gap, Inc. reported comparable sales at Athleta were flat in the third quarter. Net sales of $340 million were up 6 percent compared to last year.
Boardriders Lays Off 170 Employees
Boardriders, which is undergoing a sales process, eliminated 170 jobs in a cost-cutting move, according to Shop-Eat-Surf.
EXEC: On’s Momentum Builds In Q3
On, the Swiss running brand again raised its full-year outlook after reporting earnings in the third quarter ended September 30 surged 20.5 percent on an adjusted basis on a 50 percent sales gain. The gains were helped by strong product responses and expansion at Dick’s, Foot Locker and Nordstrom and came despite logistics disruptions at its Atlanta warehouse.
EXEC: Shoe Carnival Records Second-Best Third Quarter For Sales
Shoe Carnival, Inc. reported sales reached the second highest level for any quarter in the family footwear chain’s 44 years in existence, only behind last year’s levels that benefited from government-stimulus measures. Boosted by non-athletic offerings, the family footwear chain’s sales were well above pre-pandemic third quarter of 2019, indicating strong growth momentum.
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