Good Feet Holdings Closes on Stretch*d Acquisition
Good Feet Holdings, LLC, a holdings group of wellness brands, including The Good Feet Store and ING Source, reported that it completed its acquisition of Stretch*d.
Burn Boot Camp Promotes Burke to COO
Burn Boot Camp, based in Charlotte, NC, promoted Amber Burke to chief operating officer. She was VP of franchise operations.
Deckers Brands Promotes Fox to Senior Marketplace Manager
Deckers Brands promoted Lindsey Fox to senior marketplace manager, trend and lifestyle. She was previously a senior account executive with Deckers for nearly five years.
Christy Sports Appoints Chief Marketing Officer
The retailer hired Danielle Quatrochi as chief marketing officer. In 2015, Quatrochi was honored as an SGB 40 Under 40 recipient when she worked as the VP of digital at The Finish Line, Inc. She also spent nearly ten years working at Nike.
Primary Arms Promotes Cumberland and Whatley to New Roles
The company promoted Özge Cumberland to chief business development officer and Aaron Whatley to VP of merchandising.
Canada Goose Appoints New CFO
Neil Bowden, Canada Goose deputy CFO, will move into the CFO role when current CFO Jonathan Sinclair moves to president, APAC region, both effective April 1, 2024.
U.S. Consumer Confidence Drops for Third Consecutive Month
The Conference Board said its consumer confidence index fell to 102.6 in October from an upwardly revised 104.3 in September. Economists polled by Reuters had forecast the index slipping to 100.0 from the previously reported 103.0
Brooks Running Eyes Return to Double-Digit Growth In 2024
Brooks Running’s global revenue grew 5 percent in the first nine months of 2023, with North America revenue increasing 7 percent. The Seattle, WA-based running brand, owned by Berkshire Hathaway, reported it “remains the leading running footwear brand across U.S. retail and forecasted a return to double-digit growth in 2024.”
Garmin Lifts Outlook On Q3 Beat
Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent.
Canada Goose Slashes Outlook On Spending Slowdown
Canada Goose reported earnings topped guidance in the fiscal second quarter ended October 1, but slashed its outlook for the fiscal year as sales slowed “noticeably” in September. The company said, “Increasingly challenging global macro-economic and geopolitical environments that have impacted consumer decision-making and prioritization of spend.”
Ibex Expands North American Sales Team
Ibex, the Merino wool apparel and accessories brand, reported it expanded its North American sales team, now reaching the Canadian market. AKA Sports Group, based out of Toronto, will cover the Ontario region, Awesome Outdoors Group will cover the Mid-Atlantic and Southeast regions in the U.S.
Vans Sales Director Departs Brand After Two+ Decades, Lands at RVCA
While VF execs were outlining the issues at Vans, the brand’s former sales director, Lance Eddy, was trying on his new RVCA duds, readying for his next gig as sales director of the street and beach lifestyle apparel brand.
Big 5 Sporting Goods Sees Q3 Profits Miss Plan, Warns on Weak Holiday Quarter
Big 5 Sporting Goods Corp. reported earnings were slightly below guidance in the second quarter ended October 1 as same-store sales dropped 8.2 percent on weak discretionary spending. The California-based chain further predicted same-store sales in the fourth quarter will decline in the high single-digit to low double-digit range.
Discount Brand Dream Pairs Set to Take on Brick & Mortar
After building its brand on Amazon and elsewhere online, Dream Pairs, under the banner of Miracle Miles Footwear Group ,Inc., has reportedly closed on a $100 million Series A funding round to assist it in building out brick-and-mortar.
Former Academy Sports CEO Joins Guitar Center as Chairman
Guitar Center Holdings, Inc. appointed Ken Hicks, executive chairman of Academy Sports and Outdoors and former CEO, as Board Chair. Guitar Center also named Gabriel Dalporto its new CEO and rehired Tim Martin as CFO.
