Costco Comps Grow 3.4 Percent in January ex-Fuel
Net sales were $22.08 billion for the retail month of January, the five weeks ended February 4, 2024, an increase of 4.5 percent from $21.13 billion in January last year.
EXEC: VF Execs Outline Progress Against Transformation Plan, Brand and Region Review
The big jobs ahead are based on fixing the overall Americas business and delivering a turnaround in the Vans business. The key objective of the Reinvent program involves cutting costs and building the balance, which is reportedly both well underway.
Orvis Releases 4th Generation Helios Fly Fishing Rod
“The new Helios is a reimagining of what’s possible in a fly rod and its ability to deliver the best experience for an angler. Four times more accurate than the industry benchmark H3 is not hyperbole.” —Shawn Combs, Director, Fishing Design and Development, Orvis
SSSF Names Director of Scholastic Clay Target Program
The Scholastic Shooting Sports Foundation (SSSF) named Wayne Rasmussen the national director of its Scholastic Clay Target Program leading the SSSF’s youth development program.
C&H Precision Family of Companies Names President
As President of C&H Precision, Kisgen will be key in steering the company’s strategic direction and overseeing its operations in Richmond Hill, GA.
GoBoat Fish Unlocks New Access for Fishing and Outdoor Enthusiasts
A personal inflatable disk boat aimed to “revolutionize the way fishing and adventure enthusiasts experience their aquatic adventures.”
VF Corporation CFO Stepping Down After 23-Year Run with Company
CFO Matt Puckett will be stepping down later this year. He will stay on until a new CFO is appointed to help ensure a smooth transition.
VF Corp. Sees Q3 Business Decline Accelerate; Will Conduct Strategic Review of Brands
The 16 percent year-over-year decline was an acceleration of the decline in the business, which was down just 2 percent in the fiscal second quarter when new CEO Bracken Darrell sounded the alarm that all was not well in the business.
Costco Wholesale Appoints New CFO as Galanti Moves to Advisory Role
The Costco Board of Directors named Gary Millerchip EVP and CFO, effective March 15. He is the SVP and CFO at The Kroger Co. Galanti will remain with Costco through January 2025 in an advisory role and will continue on the Board of Directors.
Countrywide Sports Appoints Chris Means as President
Means has 37 years of experience in the shooting sports industry with expertise in purchasing, sales management and P&L responsibility. Most recently, he was the President of Tactical Gear Distributors and also served as chairman of NASGW through 2023.
Thor Industries Names New Member to Board
Jeff Lorenger is the president, CEO and chairman of the Board for HNI Corp., a manufacturer of workplace furnishings and residential building products. He has served as president and CEO since June 2018.
Solo Brands Fills Two Senior Leadership Roles
Laura Coffey was named CFO and Michael McGoohan was appointed to the newly created position of EVP and chief growth officer, both effective immediately.
NSSF-Adjusted NICS Background Checks Decline Year-Over-Year
January 2024 marks the 54th month in a row that has exceeded one million adjusted background checks in a single month.
Oboz Expands Sales Team Across North America with Multiple Moves
The company realigned its midwest sales territories, created two new regional sales manager positions, and moving its Canadian operations under the Canadian KMD Brands team.
Mahomes, Tiger, Acquisitions, Job Cuts, and an IPO Drive January’s Most Read Articles
What do you get when the first month of the new year features news from a golfer named Tiger, a Statefarm spokesman named Patrick, job cuts, key acquisitions, a looming IPO, and a public fight between a company’s Board and its investors—very busy month for SGB Media.
