InfiRay Outdoor Opens New U.S. Headquarters
iRayUSA, the U.S. distributor of InfiRay Outdoor thermal optics, opened the company’s new headquarters in Lewisville, TX.
Zanders Sporting Goods Hires Sales Manager
Zanders Sporting Goods, a national distributor in the hunt and fish channel located in Sparta, IL, hired Jeff Krieg as sales manager following the promotions of Danny Siegler to president and COO and Lucas Poston to director of procurement.
Amer Sports Recalls Ski Bindings
About 4,250 Armada, Atomic and Salomon ski bindings are under a recall. The toe component of the recalled ski bindings could fail, causing the ski boot to disconnect from the ski, posing fall and injury hazards.
Dillard’s Comps Slide 6 Percent in Third Quarter
At Dillard’s, Inc., profits declined 17.3 percent in the third quarter ended October 28 as same-store sales fell 6 percent on weakness in juniors’ and children’s apparel.
Kohl’s Lays Out Board of Directors Transition Plan
Board Chair Peter Boneparth will retire from Kohl’s at the end of his current term in May 2024, and Michael Bender will become Board chair upon Boneparth’s retirement. The Board also appointed Adolfo Villagomez as a new independent director, effective November 7
CTC Sees Helly Hansen Sales Up Big in Q3; SportChek Q3 Comps Down
Parent company Canadian Tire reported SportChek’s Q3 comparable sales were down 7.4 percent as strong growth in team sports was offset by weakness in more discretionary categories. Helly Hansen revenue was up 28.2 percent in Q3.
Wolverine World Wide Accelerates Transformation Plan as Q3 Plummets
The acceleration of the initiatives comes as the company reported dismal third quarter results that reflected an ongoing business that was down in strong double digits across most of the enterprise.
HanesBrands Sees 19 Percent Fall in Champion Sales
HanesBrands, Inc. reported sales fell 9.5 percent in the third quarter, dragged down by a 19 percent decline at the Champion brand. HanesBrands’ sales were slightly below guidance while EPS was in line with targets on improving margins and expense reductions.
Yeti Lifts EPS Outlook on Strong Margins and Drinkware Strength
Yeti Holdings, Inc. raised its EPS guidance for the year after seeing margins in the second quarter top expectations, expanding over 600 Basis Points. Q2 Sales were flat as a 6 percent gain in drinkware sales offset a recall-related decline in cooler sales.
Topgolf Callaway Brands Shares Fall on Lower Full-Year Guidance
MODG shares fell more than 20 percent overnight after losing nearly 5 percent of their value during the day on Wednesday. The company cut its full-year guidance on weaker-than-expected Topgolf same-venue sales growth.
Allbirds’ Q3 Revenues Drop 21 Percent
Allbirds, Inc. reported a loss of $31.6 million in the third quarter ended September 30 on a 21 percent revenue decline. However, sales were in line and the adjusted loss topped guidance and the eco-friendly footwear brand said it’s making progress under its transformation plan.
Timberland’s President to Depart
VF Corp. confirmed that Susie Mulder, Timberland’s global brand president since April 2021, is departing the company. Nina Flood, currently VP/GM of Timberland EMEA, will assume the role of Timberland president on an interim basis.
Norrøna Opens Headquarters in Lysaker, Norway
Norrøna opened its global headquarters, over 8,200 square feet, which includes the brand’s largest store, an event space and the company’s newest venture into the restaurant industry, with the Naturen Brasserie, in Lysaker, Norway.
NRF Economist: Holiday Sales Will Have a ‘Whole New Set of Dynamics’
NRF Chief Economist Jack Kleinhenz said job gains have “slowed but not tumbled,” with payrolls climbing by 150,000 positions in October and the three-month moving average at 204,000 despite downward revisions for August and September.
DC Shoes and Roxy Secure Licensing Partner for Occupational Footwear
Authentic expanded its partnership with Warson Brands to manufacture occupational footwear for men and women under the DC Shoes brand, including women’s styles for the Roxy brand in the U.S., Canada and Europe.
