Target Slashes Guidance After Q2 Sales Shortfall
Target, Inc. reduced its full-year profit outlook on “continued near-term challenges on the topline” The readjustment came despite the discounter reporting second-quarter earnings that handily topped Wall Street as tight inventory controls offset lower-than-expected sales.
Macy’s Hires Chief Customer and Digital Officer
Macy’s Inc. named Massimo Magni chief customer and digital officer, effective August 21. He was a more than 20-year veteran of McKinsey & Company.
EoS Fitness Opens New Center in Miami-Dade County
The new 40,000-plus square foot gym in Kendall, FL adds to the company’s eight locations across the state, keeping EoS on track to reach its goal of 10 gyms statewide by the end of 2023.
Lippert Acquires Marine Trailer Performance
Lippert Components, Inc., a components supplier supporting the recreation and transportation industries, acquired substantially all of the business assets of Marine Trailer Performance, a marine axle manufacturer based in Houston, TX.
Puffin Drinkwear Names New CEO
Puffin Drinkwear hired Tory Upham as CEO, succeeding the company’s interim CEO Scott Allan
Report: July Retail Sales Grew 3.2 Percent Year-Over-Year
The U.S. Census Bureau reported that overall retail sales in July were up 0.7 percent from June and up 3.2 percent year-over-year. That was double the increases seen in June.
F45 To Voluntarily Delist And Deregister Stock
F45 Training Holdings, Inc. announced its intention to voluntarily delist from the New York Stock Exchange and to deregister its common stock.
Iron Valley Supply Hires New Merchandiser
Iron Valley Supply has hired Jacob Ring to serve as merchandiser. Most recently, he worked for Davidson’s as an account manager.
Walther Arms Appoints Director of Communications and Channel Marketing
Cody Osborn returned to Walther Arms as director of communications and channel marketing. The company said his appointment marked an exciting chapter for the company as it strengthens its marketing and communication efforts.
Western Mountain Destinations Bookings Running Down Slightly
Occupancy on-the-books is down 2.2 percent compared to last summer at this time in seven western states, according to the most recent monthly Market Briefing released by DestiMetrics, a division of Inntopia.
Columbia Sportswear Names Chief Product Officer, Columbia Brand
Columbia Sportswear Company hired Woody Blackford as senior vice president and chief product officer for the Columbia Brand. Blackford is returning to Columbia, where he previously worked for 14 years, culminating in the position of VP of global design and innovation.
Trove Secures $30 Million In Funding Round
Resale tech platform Trove reported it raised $30 million in a Series E funding round, bringing its total funding to over $150 million.
On’s Sales Surge 60 Percent Currency-Neutral In Second Quarter
On Holdings reported adjusted EBITDA nearly doubled in the second quarter as sales vaulted 52 percent (60 percent on a currency-neutral basis). Sales in the Americas region jumped 59.8 percent. On again lifted its full-year sales guidance, implying a full-year growth rate of 44 percent and a second half-year growth rate of close to 30 percent. On Holdings forecast for EBITDA margin was maintained.
Nikwax Names New Global CEO
Nikwax promoted Brian Davidson to CEO of its global business. Davidson will retain his position as president of Nikwax North America.
Study: Luxury Retailers Brace for Rise in Losses to Theft and Security Issues
A new global research survey asked luxury retailer senior executives with a total annual turnover of $3.1 billion across the U.S., South America, Europe, Africa, and Asia revealed that 62 percent expected a rise in losses to theft over the next three years.
