Stöckli USA Appoints New NSM for U.S. and Race & Promotions Manager for NA
The company hired Justin Heanue as its new national sales manager for the U.S. market, and Max Wingard as its new North American race and promotions manager
Allbirds Completes International Distributor Deals
Allbirds, Inc. completed its previously announced agreement with distributor partners in Canada and South Korea. In-Sport Fashions, Inc. is now the brand’s exclusive Canadian distributor and EFG Corp. is its exclusive distributor in South Korea.
Saks Survey Indicates Early Signs of Luxury Spending Rebound
Saks’ latest Saks Luxury Pulse survey, fielded in late July, found that 58 percent of luxury consumers plan to spend the same or more on luxury in the next three months. This is an increase from 53 percent in the prior Saks Luxury Pulse fielded in late April, and represents the first increase in luxury spending plans since the survey began tracking this in May 2022.
Garmin Completes Acquisition of JL Audio
Garmin, Ltd. completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.
Five Below Adds Genesco’s CEO to Board
Five Below, Inc. appointed Mimi Vaughn, currently president, chief executive officer and chair of the Board of Genesco Inc., as an independent member of its Board of Directors.
Mastercard: U.S. Holiday Retail Sales Expected to Grow 3.7 Percent
Mastercard SpendingPulse said sales are expected to rise 6.7 percent online and 2.9 in-store for the period November 1 through December 24, with the biggest gain iexpected to come in electronics with a 6 percent increase.
Colt CZ Sees Q2 Revenues Climb 10 Percent
Colt CZ Group reported sales climbed 10.1 percent in the second quarter but were still off 2.7 percent in the half. Operating earnings on an adjusted basis fell 18.4 percent in the half. The Czech Republic firearms giant lifted its guidance for the year.
Authentic Brands’ Debt Ratings Upgraded by Moody’s
Moody’s Investors Service upgraded the debt ratings of Authentic Brands Group to reflect the conglomerate’s “solid” operating performance, increasing scale benefits and improving debt leverage.
Snow Peak USA Appoints GM for Long Beach Campfield
Josh Simpson is tasked with managing the Campfield during its first year of operation, introducing a new kind of campground centered on the communal and restorative Snow Peak style of camping.
DTLR Names New CEO, Opens Next Gen Flagship
DTLR, acquired by JD Sports in May 2021, named Todd Kirssin as CEO while also opening its “Next Gen” retail concept.
Clarus Receives Buyer Proposal; President of Ammo Business Resigns
The Board formed a special committee of the Board comprised of independent directors to review and evaluate the Buyer’s Proposal and any alternative proposals that could be available to the company, including the possibility of rejecting the Buyer’s Proposal and/or any alternative proposals.
Sportsman’s Warehouse Appoints New Board Member
Steven Sansom is a corporate executive with over 30 years of experience in high-growth businesses. He has served as founder and chairman of Steel Grove Capital Advisors and Steel Grove Family Office in Memphis, TN since September 2001.
RV Women’s Alliance Names New Managing Director
Patricia Carrera to serve as the organization’s new managing director and will transition fully into the position over the coming weeks with the assistance of the current managing director, Jessica Rider.
Academy Sports + Outdoors Opens First Store in Kyle, TX
The new location marks the fifth store Academy has opened in 2023 as Academy looks to achieve its goal of opening a total of 120 to 140 new stores by the end of 2027.
Arizona’s Lewis & Clark Outfitters Closes
Lewis & Clark Outfitters, a bike and outdoor store, closed in Springdale, AZ after 23 years in business
