Vans hired Marissa Pardini, vice president and general manager of The North Face Americas region, as chief product and merchandising officer for global Vans.
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EXEC: VF Delivers Upbeat Five-Year Growth Plan, Cuts FY23 Outlook
VF Corp.’s management team forecasted healthy growth under its new five-year plan announced during Investor Day, its first since 2019. However, it slashed its outlook for the current fiscal year primarily due to continued underperformance by Vans and an expected greater promotional environment than anticipated in North America in the back half of 2022.
Vail Resort’s Strong Recovery In Fiscal 2023
Vail Resorts, Inc. reported results for its fourth quarter and fiscal year ended July 31 outperformed results from the prior year primarily due to the impact of COVID-19 and related limitations and restrictions on results for the previous year. Season-to-date season pass sales are ahead 7 percent, and the company provided a favorable outlook for its current fiscal yea
Lululemon To Launch At-Home Fitness Platform
Lululemon Athletica Inc. is launching a new fitness-content platform that would allow customers to access on-demand and live-streamed classes at home.
Gill Fishing Foul Weather Apparel Offers Waterproof Protection With Stain-Blocking Technology
Gill Fishing, the manufacturer of foul weather and technical apparel for anglers, introduced its latest collection of breathable waterproof fabrics with XPEL technology blocking stains from contaminants found in the water. “Unfortunately, many breathable jackets that claim to be waterproof eventually let water in, while the old-school rain slicks made of impermeable materials, which effectively […]
VF Corp. Introduces Fiscal Year 2027 Long-Term Strategic Plan
At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.
New Gill Fishing Foul Weather Apparel Delivers Breathable Waterproof Protection in Easy-to-Clean Package
BUFORD, Ga. (Sept. 28, 2022) — Gill Fishing, maker of premium foul weather and technical apparel for anglers, announces an all-new foul weather apparel collection that blends its most advanced breathable waterproof fabrics with powerful XPEL technology, resulting in waterproof rain gear that is highly breathable and blocks stains from blood, slime and other contaminants […]
Thor Industries Sees Q4 Sales Expand 6.4 Percent
Profits at Thor Industries, Inc. climbed 22.0 percent in the fourth quarter ending July 31 as sales for the manufacturer of recreational vehicles rose 6.4 percent and gross margins improved 90 basis points.
Samsonite’s Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Samsonite International S.A. to ‘BB-‘ from ‘B+’ as the luggage company’s sales recovered through the first half of fiscal 2022, and modest continued global travel upside is expected to improve performance through 2023.
TriWest Capital Acquires Northern Lite Truck Campers And Off Grid Trailers
TriWest Capital Partners, based in Calgary, Canada, announced that it entered into a partnership with Northern Lite Truck Campers and Off Grid Trailers, forming Outdoor Adventure Group, a recreational vehicle manufacturer and distributor.
Downlight Outdoor Expands Canadian Processing Facility
Downlite Outdoor, a division of Downlite, a down and feather processor and supplier of responsibly sourced performance fills to the outdoor, home furnishings, and hospitality markets, expanded its facility by 50 percent in Mississauga, Canada.
August RV Shipments Slide
Results for the RV Industry Association’s August 2022 survey of manufacturers determined that total RV shipments ended the month with 33,783 units, a decrease of 36.0 percent compared to the 52,819 units shipped in August 2021.
Bass Pro Plans Store For Grand Prairie, TX
Bass Pro Shops announced plans to open a store in Grand Prairie, TX, serving the southern portion of the Dallas metro area. The 100,000-square-foot store, expected to open in the spring of 2024, will be the outdoor retailer’s fifth location in the region and 15th in Texas.
Royal Robbins’ In-Store Sustainable Best Practices
Rooted in sustainability since its founding in 1968, Royal Robbins furthers its commitment to environmental stewardship through its partnership with the Green Business Bureau (GBB) for its brand retail stores in Denver, Seattle, Modesto, and Berkeley, CA. The partnership ensures that the stores are gold-level certified, recognizing each store’s efforts to improve sustainability practices. “Sustainability […]
JD Sports’ Profits Slide In First Half
JD Sports reported an 18.2 percent drop in pre-tax profits for the six months ending July 31, partly due to the U.S. government support it received as part of the country’s COVID stimulus package last year, which boosted year-ago results. Sales grew 13.7 percent year-over-year.
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