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.
Famous Footwear Parent Sets Three-Year Growth Plan, Tempers FY Guidance
Ahead of its Investor Day event, Caleres presented a three-year strategic and financial plan that calls for earnings to grow annually in the low-single-digit range with sales expanding 3 to 5 percent on average. The parent of Famous Footwear, however, warned that sales for the third quarter and current year will land at the low-end of guidance.
NSSF: U.S. Exports of Key Shooting Sports Categories Fell in May
Monthly U.S. export units for several sporting arms, ammunition, and optics categories fell sharply year-over-year in May 2023 while the Suppressors and Other Cartridges categories saw strong increases for the month.
The Buckle’s Comps Decline 11 Percent in September
The Buckle, Inc. reported that its comparable store net sales for the 5-week period ended September 30 decreased 11.1 percent from the year-ago period.
Suunto Unveils Plans for U.S. Direct Distribution
Suunto has implemented a new system to directly distribute its products to U.S. retailers, one of the Finnish company’s key initiatives in expanding its business in North America.
Alterra Mountain Company Adds Three Execs to Leadership Team
Krista Sprenger is the new chief development officer, Gui Karyo chief technology officer and Andrew Bodziak was appointed executive vice president of Hospitality.
Report: U.S. Apparel Sales Down 4 Percent for August YTD Period
Units sold declined at a faster rate for the eight-month period, according to retail data firm Circana.
Atmos to Exit North American Operations
Atmos, the Tokyo-based footwear retailer acquired by Foot Locker in 2021, is reportedly planning to close its three North American stores and cease online operations in the region to refocus on growing business in Japan and Asia.
