SGB Update Footwear
Darn Tough Vermont Appoints COO
Darn Tough Vermont announced the promotion of Angelica Taylor to chief operating officer. Taylor is advancing into this role after spending the last year as Darn Tough’s vice president of finance.
Skechers Raises Guidance As Q1 Revenues Jump 27 Percent
Skechers U.S.A., Inc. reported net earnings rose 22.6 percent in the first quarter as sales ran up 26.8 percent, driven by 33 percent wholesale growth. Results topped guidance and Skechers lifted its outlook for the year.
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment.
Orva Appoints EVP And Chief Merchandising Officer
Orva, the New York-based digital retail company, announced the appointment of Jeff Espersen in the newly created role of executive vice president and chief merchandising officer. He was general manager and chief merchant at Zappos.
Brooks Takes Top Spot In Performance Running Market
Brooks Running said that in the first quarter, it took the top spot in the U.S. national performance footwear market for the first time, with 22 percent dollar share across all U.S. channels—athletic specialty and sporting goods, mid-tier, premium, and shoe chain.
Callaway Golf Sets Long-Term Financial Targets
Callaway Golf Company expects annual growth projections from fiscal 2021 through 2025 of 10 to 12 percent, led by more than 18 percent growth at Topgolf growth in the high-single digits in its non-Topgolf businesses. The company provided its growth plan as part of its Investor Day.
Brunt Workwear Appoints President
Boston-based Brunt Workwear announced the appointment of Kevin Eskridge, most recently chief product officer at Under Armour, as the company’s president. In this role, Eskridge will oversee the company’s product development, merchandising, sourcing, and global retail expansion.
OluKai Opens Store In Wailea
OluKai opened a store at The Shops at Wailea in Hawaii.
Academy Sports Opens Store In Conyers, GA
Academy Sports + Outdoors announced the opening of its Conyers, GA store. Academy now has 11 locations across metro Atlanta and 19 throughout Georgia.
Report: JCPenney Owners Offer $8.6 Billion For Kohl’s
Simon Property Group and Brookfield Asset Management are offering to acquire Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.
Dr Martens Appoints Global Creative Director
Dr. Martens promoted Darren McKoy to global product category director.
Vail Resorts Sees Encouraging Ski Season Metrics
Vail Resorts said it expects resort fiscal 2022 reported EBITDA to be at or around the top of its guidance range issued on March 14, 2022 given the ski season trends from the beginning of the ski season through April 17, 2022.
OrthoLite Hires Chief Brand Officer
OrthoLite, which just launched Cirql recyclable and compostable midsole foam, hired Kristin Kohler Burrows as chief brand officer. Burrows previously worked for Converse, Keds, Adidas, Fila and G.H. Bass and was most recently a management consultant in the Consumer and Retail Group at Alvarez & Marsal.
Bass Pro Plans Family Health Center In Springfield
Bass Pro Shops plans to open a Family Health Center this fall, offering health care services for Bass Pro Shop employees and their families in the Springfield region.
Golf Rounds Played Decline 14 Percent In March
Golf Datatech’s National Rounds Played Report for March shows that U.S. rounds were down 14.3 percent in the month and down 7.5 percent year-to-date year-over-year.
