SGB Update

Walmart Will Conduct 3:1 Stock Split

Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.

Nordstrom Plans Two New Rack Locations in North Carolina

The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.

Canyon Bicycles Appoints Chief Technology Officer

Chad Manuell was named chief technology officer and joined Canyon’s executive leadership team. He is responsible for driving innovation and ensuring the development and delivery of products to achieve the company’s long-term objectives.

SIA Appoints New Board Chair; Adds Four Board Members

Burton’s VP of Global Supply Chain, Rachel Grogan-Cook, is the new chair of the SIA Board of Directors, and the trade association added four new directors: Erik Anderson from Salomon, Danica Carey from Seirus, Jennifer McVey from Nidecker Group, and Shane Wallace from Dakine.

66°North Appoints CCO; Hires North America and EMEA Sales Chiefs

Jeppe Møller will take on the role of chief commercial officer after consulting with the brand in 2023. Justin Warren has joined the team as sales director for North America and Mike Massoulier Eriksen has been appointed head of sales EMEA.

Hornady Names Director of Manufacturing

Joining the team with over 20 years of manufacturing and engineering management experience, McKelvey most recently was the plant manager at Unverferth in Lexington, NE

Gildan Shareholders Respond to Special Meeting Timing

Browning West, LP responded to Gildan’s announcement that its Board of Directors has “called” a so-called annual and special meeting of shareholders to be held on May 28, 2024, while also seeking to cancel the special meeting of shareholders.

The Ironman Group Appoints New CEO as Andrew Messick Departs Role

Scott DeRue joins the company as CEO from Equinox where he was president. DeRue will also join The Ironman Group’s Board of Directors. He succeeds Andrew Messick who announced his retirement after 12 years as CEO, but will remain on the Board.

Airstream Appoints Vice President of Sales

GM of the Travel Trailer division, Bryan Melton, an outdoor and bike industry veteran, will assume his new role as VP of sales for the Travel Trailer and Touring Coach divisions immediately, replacing Justin Humphreys.