Equip Outdoor Technologies Sets CEO Transition Plan
Equip Outdoor Technologies UK Ltd. (Equip), the parent company of Rab and Lowe Alpine, announced that its owner and CEO, Matt Gowar, is stepping down—an executive recruitment plan to find his successor is underway.
Caleres Lowers Outlook on Softening Sales at Famous Footwear
Caleres reduced its sales outlook and narrowed its annual EPS guidance to the lower end of its previous range due to weaker-than-expected sales at its Famous Footwear chain. Caleres reported earnings in the third quarter came in slightly ahead of guidance while sales underperformed.
Kohl’s Sees Q3 Comps Down 5.5 Percent; Narrows Full-Year Guidance
Kohl’s reported fiscal third quarter net sales decreased 5.2 percent year-over-year, to $3.8 billion, with comparable sales down 5.5 percent. In other news, Dave Alves, who joined the retailer as president and COO in late February, has left the company.
Dick’s SG Lifts Guidance as Q3 Results Fly Past Expectations
Dick’s Sporting Goods raised its outlook for the year after reporting sales and earnings easily topped analyst targets with the help of healthy back-to-school selling. Same-store sales in the quarter improved 1.7 percent with gains in transaction and average ticket prices.
Hibbett Sports Shares Jump in Early Trading as Retailer Raises Guidance
Fiscal third quarter net sales decreased 0.3 percent to $431.9 million, compared with $433.2 million for the corresponding period in 2022. Comparable sales decreased 2.7 percent year-over-year. HIBB shares were up nearly 17 percent in pre-market trading
Kohl’s Recently Hired President & COO Exits Company
Kohl’s, Inc. reported in a regulatory filing that Dave Alves, who joined the retailer as president and COO in late February, has left the company.
New Balance Breaks Ground on Londonderry Factory
New Balance broke ground on its sixth U.S. athletic footwear manufacturing plant in Londonderry, NH.
Lycra Names CEO
The Lycra Company announced today that Gary Smith has been appointed chief executive officer, effective November 27. He formerly led Hatteras Yachts and Polartec.
Salt Life to Open Three Stores
Delta Apparel, Inc. continues to expand the Salt Life brand’s retail footprint, opening three new stores. These include SL’s first location in Virginia and two in Florida.
Fanatics Partners with Minnesota Timberwolves and Lynx
Fanatics announced a partnership to become the Minnesota Timberwolves and Minnesota Lynx. Fanatics will take over the official e-commerce business for both teams, and also operate the in-venue retail touchpoints on gamedays at Target Center.
Ciele Athletics Hires Nike Vet as Head of N.A. Sales
Montreal-based performance apparel and accessories brand Ciele Athletics hired running industry veteran Scott Gravatt as head of sales for the U.S. and Canada. Gravatt joins the company following a 15-year tenure at Nike.
Report: Consumers Expected to Spend $130 Billion During Holiday Weekend
According to the latest International Council of Shopping Centers (ICSC) Thanksgiving Weekend Intentions survey, consumers will spend $130 billion during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations.
Hiplok Expands Across U.S. Market with New Distributor
Hiplok, a UK lock brand, will expand sales into the U.S. in partnership with distributor BTI. Hiplok’s bike security and storage products include the D1000, a portable anti-angle grinder U lock.
Bear & Son Cutlery Hires Sales Agency for U.S. East Coast
Bear & Son Cutlery tapped Schooler Outdoor Marketing to grow its East Coast representation for its four brands—Gatco Sharpeners, Bear OPS, Bear Edge, and Bear & Son Cutlery—effective immediately.
Sacks Parente Golf Expands into Golf Club Shafts
Sacks Parente Golf, Inc. expanded its product portfolio, adding a business division, Newton, the company’s entry into golf club shafts. SPG manufactures the golf shafts in its St. Joseph, MO factory and includes a shaft adapter and grip, a Lamkin Crossline 360.
