SGB Update Outdoor
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
The company has identified approx. $70 million of additional charges, largely related to the decision to exit one of its primary distribution facilities located in Rialto, CA on top of the $70 million to $90 million already planned in connection with its Fiscal 2025 restructuring plan.
Are We Headed for More Inventory Overhang as Retailers Bring Goods in Early?
If the forecasts prove correct, 2024 will have seen a seven-month stretch of import levels at or above 2 million TEU, the longest since a 19-month stretch through September 2022, as retailers pull shipments forward for fear of a port strike.
Alterra Mountain Company Names New President & COO at Palisades Tahoe
Amy Ohran comes to Palisades Tahoe as president and COO with nearly 35 years of experience in the snow sports industry, primarily working in the Lake Tahoe area.
Carhartt Appoints Norma Delaney as VP, Brand Marketing and Creative
The company said Delaney will lead the development of marketing and creative strategies for Carhartt and play a critical role in shaping the company’s image and brand recognition. She will report to Susan Hennike, Carhartt’s chief brand officer.
Alterra Mountain Company Commits to $300M Capital Investment Program
The latest commitment continues the company’s capital investment cycle, which includes the first phase of the major Deer Valley expansion, elevated guest amenities, new and refurbished lifts, and more efficient snowmaking.
NRF: U.S. Not Likely Headed Into Recession, but Jobs Market Slowdown Possible
NRF’s chief economist believes the U.S. economy has dodged a recession, but is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation. However, the jobs pictures seems to be another story.
Delta Cycle Recalls Ceiling Hoists with Straps Due to Injury Hazard
This recall involves ceiling hoists with straps, model number RS2300. The company lists the model number only on the product packaging. Delta Cycle sold about 25,000 of its ceiling hoists in the U.S. and 3400 in Canada from February 2017 through July 2024.
5.11 Appoints New CFO
Bryan Jones will take on the role of chief financial officer effective October 7. On that date, current CFO, Jim McGinty, will phase into retirement while remaining involved in the company for the balance of 2024, taking on a consultatory role for 2025 with a planned exit by the start of 2026.
Yamaha U.S. Marine Business Unit Names Business Planning Director
Andrea Tetto began her career at Yamaha in 2022 as the Marine Business Planning Division manager, overseeing and transforming the Marine Business Planning functions with data-driven insights and direction to stakeholders across the marine segment.
BRP, Inc. Sees Revenues and Profits Tank in Fiscal Q2 Period
The parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands reported consolidated revenues decreased by $936.1 million, or 33.7 percent, to $1.84 billion for the fiscal second quarter.
Helen of Troy Announces New $500M Share Repurchase Authorization
The repurchase program does not require purchasing any minimum number of shares and may be implemented, modified, suspended, or discontinued in whole or in part at any time without further notice.
Tilly’s Takes a Shifting Calendar Hit to Second Quarter Sales; Improves EPS Loss to Zero
The calendar shift impact of last year’s 53rd week in the retail calendar, which caused a portion of the back-to-school season’s sales volume to shift into the latter stages of the second quarter from the beginning of the third quarter last year.
Zumiez Gets Q2 Sales Lift From Year-over-Year Calendar Shift and Narrows Net Loss
The company experienced a noticeable acceleration in its sales trend as the second quarter unfolded, with July North America comparable sales increasing in the high-single digits and encouraged about prospects for growth over the remainder of fiscal 2024.
Cotopaxi Opens Store on Boston’s Newbury Street
Located in the heart of Newbury Street, the store was originally a 19th-century schoolhouse before retail.
Arc’teryx to Feature First ReGear Showroom in New Brand Store in NYC
The flagship store will sell new and pre-owned Arc’teryx apparel and gear, with one floor dedicated to its ReBird Service Center, offering product care and repair services.
