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.
Outdoor Recreation Roundtable Names VP of Programs
Outdoor Recreation Roundtable promoted Chris Perkins to vice president of programs.
PVH Corp. Debt Ratings Outlook Upgraded
S&P Global Ratings revised its debt ratings outlook on PVH Corp. to positive as the parent of Tommy Hilfiger and Calvin Klein demonstrated a track-record of maintaining leverage of less than 3x in recent years.
On Plans to Double Sales and Reach 60 Percent Gross Margin by 2026
The company plans to grow 2026 net sales to at least CHF3.55 billion, or approximately $3.95 billion at the average September 2023 conversion rate, reflecting a CAGR of over 26 percent based on its 2023 forecast.
Kryptek Appoints COO
Kryptek Outdoor Group, the tactical and hunting apparel brand, welcomed Tim Piver as its new chief operations officer.
Report: Shot Show is Now the Third Largest Trade Show in Vegas
The show is now the eighth largest trade show in America, according to Trade Show Executive’s just-released Gold 100 rankings. The rankings were based on trade shows held throughout the U.S. in 2022 and measured by net square feet.
