Vista To Split Into Separate Outdoor And Sporting Companies
Vista Outdoor, Inc. announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. Following separation, Chris Metz will be appointed CEO of Outdoor Products while Jason Vanderbrink will be appointed CEO of Sporting Products.
Topgolf Plans Venue For Little Rock
Topgolf Entertainment Group has laid out a plan to develop a Topgolf venue in Little Rock, AR. This would be its second site in the state. It also has a location in Rogers, AK.
Authentic Brands Group Partners With Macy’s For Reebok Apparel
Authentic Brands Group announced a partnership with Macy’s for Reebok sportswear and activewear for men’s, women’s and kids apparel.
Outerstuff’s Debt Ratings Outlook Lowered
Moody’s Investors Service changed Outerstuff LLC’s outlook to negative from positive. Concurrently, Moody’s affirmed the company’s Caa2 corporate family rating (CFR), Caa2-PD probability of default rating (PDR) and Caa3 senior secured term loan rating.
TeamSnap Announces Two Appoints
TeamSnap announced that Mark Salloom has joined the company as chief financial officer. The company also announced the promotion of Sheila Repeta to vice president of people.
Delta Apparel’s Sales Expand 21 Percent In Fiscal Second Quarter
Delta Apparel, Inc. reported profits grew over 130 percent in the fiscal 2022 second quarter ended April 2. Sales grew 21 percent.
Big 5’s Q1 Profits Top Guidance
Big 5 Sporting Goods Corp. reported same-store sales were down 11.4 percent for the first quarter ended April 3 and flat compared to the pre-pandemic first quarter of fiscal 2019. Earnings were also down against year-ago record results but exceeded guidance.
Eddie Bauer Appoints Creative Director
Eddie Bauer appointed Christopher Bevans as creative director. A member of CFDA he was recognized for his work with DYNE, earned the 2017 Woolmark Innovation Prize, was named a 2017 CFDA/Vogue Fashion Fund finalist, he was also a senior creative lead at Shopify.
RYU Apparel Sales Slid 19 Percent In 2021
RYU Apparel Inc. reported revenue for the year ended December 31 was Canadian $1.27 million, 19 percent lower than revenue of C$1.57 million a year ago.
Nike Appoints Global VP Direct Acceleration
Nike has promoted Maggie Gauger as global vice president, direct acceleration.
Gaia Sees 15 Percent Q1 Growth
Gaia, Inc. reported 15 percent revenue growth in the first quarter compared to the first quarter of 2021, ending the quarter with 823,000 members.
ICSC Survey Highlights Ongoing Importance Of Small Business
International Council of Shopping Centers (ICSC) released the results of its Small Business Consumer Survey that found that 94 percent of adults either shop, spend or use the services of small businesses. Over half of consumers, 54 percent, shop at small businesses at least once a week, and 42 percent frequent small businesses more frequently than before the pandemic.
Kohl’s Increases Rewards Program Earn Rate To 7.5 Percent
Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.
Pou Sheng Sees Decline In First Quarter Profit
China’s Pou Sheng International said it expects to report a “substantial decrease” in profits in the first quarter due to new wave of the pandemic in its operating regions.
Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
