EXEC: Dick’s SG Tempers Outlook for H2 on Concerns Over Consumer
The largest sporting goods retailer in the country, which just posted 4.9 percent comp growth in the first half of the year, also has concerns about the consumer. As many others have noted in their earnings calls, DKS is clearly seeing something at the store level.
Fossil Group Snags Franco Fogliato as CEO and Board Member
New CEO Franco Fogliato most recently served as president and CEO of Salomon. Before that, he spent eight years working at Columbia Sportswear as CEO of Europe and at Billabong Group and held executive roles at The North Face earlier in his career.
Sacks Parente Golf Re-Brands as Newton Golf: A Sacks Parente Company
The company will now call the original Sacks Parente Golf putter division Newton Gravity within Newton Golf: A Sacks Parente Company, while Newton Motion Shafts will keep its segment name.
Currex and Powerstep Parent Acquired by Private Investment Firm
Bansk Group has acquired Foundation Wellness, the parent company of the Powerstep, Currex, Foot Petals, Flat Socks, Doctor Hoys, and other branded footcare-focused product companies from Gridiron Capital.
Mad Engine Global Adds Three Leaders to C-Suite
The senior team expands with the addition of Angelina Yagudayev as chief merchandising officer, Christine Bettles as chief financial officer and Gina Cappi as chief creative officer.
EXEC: Nordstrom Family Offers Path to Take Namesakes Retailer Private
A real deal to go private is finally on the table at Nordstrom Inc., with family members Erik Nordstrom and Pete Nordstrom at the center of a proposed $3.76 billion deal.
SFIA Appoints New President and CEO as Tom Cove Retires
Todd Smith becomes president and CEO effective October 1. He succeeds Cove, who announced his retirement as president and CEO in early 2024 after leading the organization since 2005.
Dick’s Sporting Goods Lifts Full-Year Guidance After Strong Q2 Results
Comparable store sales growth came in at 4.5 percent y/y, on top of the 2.0 percent y/y comp store sales growth in the year-ago Q2 period. Six-month year-to-date comps were up 4.9 percent y/y through August 3.
Report: Textile Mills Lead List of Declining Manufacturing Operations in August
The U.S. manufacturing sector’s economic activity contracted in August for the fifth consecutive month and the 21st time in the last 22 months as demand continued to be weak, output declined and inputs stayed accommodative.
Under Armour Divests MapMyFitness to Outside Interactive, Inc.
The fitness tracking app business re-joins one of its Co-founders, Robin Thurston, the CEO of Outside Interactive, Inc.
Barclays Names New Global Head of Retail within Investment Banking
Cathy Leonhardt has been appointed global head of Retail within Investment Banking. She is based in New York, reporting to Lowell Strug, global head of the Consumer and Retail Grou
Tara McRae Returns to Puma as Head of NA Brand Strategy and Marketing
Following a decade of marketing leadership roles at Puma, Clarks and TB12, McRae takes on a new leadership role, spearheading Puma’s North America brand strategy and marketing.
Academy Sports + Outdoors Opening Nine Stores This Fall
Academy has opened three of the new stores this year and plans to open 15-to-17 more in fiscal year 2024.
That’s a Wrap. What Was the Most Read News This Summer?
From the long Independence Day holiday weekend to the just-completed Labor Day weekend that signaled the end of another summer, SGB Media readers focused on reading about a wide variety of issues and opportunities that affected their businesses each day.
Rally House Opens in Wayne, PA and Austin, TX
Rally House opened new stores in Wayne, PA and near Austin, TX offering a selection of officially licensed apparel representing local NCAA, NFL, MLB, NBA, NHL, and MLS teams, in addition to local merchandise.
