Arrive Recommerce Appoints VP of Sales
Mariana DiMartino comes to the technology company powering Returns to Recommerce with more than two decades of retail and technology experience leadinglgrowth and strategy teams.
NRF Economist Says U.S. Economy Still Shows Resilience
The U.S. economy continues to grow despite U.S. labor disputes and the uncertainty created by Congress, adding to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said.
Adobe Sees Online Holiday Sales Climbing 4.8 Percent With Record Discounts
U.S. online holiday sales from November to December 2023 will rise 4.8 percent year-over-year (YoY) to $221.8 billion, marked by retailers offering deep discounts and increased online shopping spend, according to Adobe’s forecast.
Levi’s Q2 Impacted By U.S. Wholesale Weakness, Beyond Yoga Impairment Charge
Levi Strauss & Co. said it expects earnings for its fiscal year ended November 30 to come in at the low end of prior guidance while citing continued weakness within the U.S. wholesale channel. The company also absorbed an impairment charge of $90.2 million related to its 2021 acquisition of Beyond Yoga.
Black Diamond Parent Retains Advisor to Assess Ammo Biz Acquisition Offers
The move comes in response to the previously disclosed non-binding indication of interest received from Warren B. Kanders, the company’s executive chairman, to acquire the company’s Precision Sport segment.
Feetures Breaks Ground on New Warehouse Facility
Features broke ground at the end of September for its new 60,000-square-foot warehouse located in Hickory, NC.
Kent Outdoors to Move Headquarters to Park City
Seawall Capital, the private equity owner of Kent Outdoors, reported that Kent Outdoors will relocate its headquarters to Park City, UT, from New London, OH, supported by tax credits provided by the state of Utah.
Timberland Names Chief Marketing Officer
Timberland announced Maisie Willoughby as the brand’s new Vice President and Chief Marketing Officer (CMO). Most recently, she spent five years at Alexander Wang.
Vittoria Opens a New Cotton Bike Tire Factory in Bangkok
This €20 million investment expands Vittoria Tyres Thailand (VTT) factory premises from 36,000 square meters to 51,000 square meters in the Bangpoo industrial district, near VTT’s headquarters.
Vista’s Outdoor Products Spin-Off Will Debut as Revelyst, Inc.
The company will trade on the New York Stock Exchange under the ticker symbol “GEAR” once the separation from the Sporting Products segment is complete.
Elegant Team Development Acquired by Lever Style
Elegant Team Development, a Hong Kong-based supply chain solutions provider with expertise in outdoor and activewear, was acquired by Lever Style, the apparel production platform also headquartered in Hong Kong.
Inov-8 To Rebrand with New Name and Logo
Inov-8, founded in 2003, is marking its 20 years in the active outdoor industry, manufacturing running, hiking and gym gear, with a rebrand designed to support accelerated growth.
Sports Direct’s Parent Company Plans New HQ
Frasers Group, the U.K.-based parent of Sports Direct, submitted a planning application for a new global headquarters campus at Ansty in Rugby, Warwickshire. The company’s current headquarters are in Shirebrook, Derbyshire.
HanesBrands and University of Cincinnati Extend Partnership
HanesBrands and the University of Cincinnati signed a multi-year extension to their primary apparel partnership that gives HanesBrands exclusive rights across all retail channels to design, manufacture and distribute University of Cincinnati fanwear.
Chattanooga Shooting Supplies Welcomes New National Sales Rep
The company said Justin Payne has a history of working closely with dealers in a variety of outdoor sports markets and has a consistent track record of achieving revenue targets.
