Michigan Consumer Sentiment Falls to Six-Month Low
Consumer sentiment fell for the fourth month, according to a preliminary report published for the Michigan Consumer Sentiment Index. The Index came in at 60.4, down 3.4 points, or 5.3 percent, from the October final.
Vans Settles Trademark Infringement Lawsuit Against Walmart
Vans settled a trademark lawsuit against Walmart that accused the retailer of copying the designs of “virtually all” of Vans’ sneakers, including its Old Skool low-top and Sk8-Hi high-top shoes.
Nike Hires Amazon Executive as Chief Technology Officer
Nike, Inc. recruited Muge Erdirik Dogan, a longtime fashion executive at Amazon, as chief technology officer. Jenny Freshwater, most recently Amazon’s vice president of traffic and marketing technology, will replace Dogan as VP of Amazon Fashion & Fitness.
Garmont Names New CEO
Italian outdoor footwear brand Garmont International hired Andrea Nalesso as CEO. Nalesso takes over from Pierangelo Bressan, who remains chairman of the board and a Garmont shareholder.
Foresight Sports Hires Digital Content Consultant
Revelyst, Vista Outdoor’s Products segment, reported entering a consulting agreement with Andrew Stalbow. Initially, he will lead digital content and gaming for its San Diego-based golf brand, Foresight Sports.
Traeger’s Q3 Sales Climb 26 Percent
Traeger, Inc. slightly raised its guidance for 2023 as sales grew 26 percent in the third quarter ended September 30, led by a 45 percent jump in grills. The company attributed the improvement to more normalized replenishment rates following its inventory destocking efforts.
Turtle Fur Hires VP of Sales
In June, outdoor headwear and accessories brand Turtle Fur hired Dan Miller as VP of sales, expanding its executive team.
Authentic Partners with Aldo Group for Roxy Footwear
Authentic expanded its partnership with the Aldo Group to include Roxy footwear. Aldo will now design, manufacture and distribute the brand’s shoes and footwear for women and girls in the U.S. and Canada.
GunBroker.com Parent Sees Fiscal Q2 Sales Slide 29 Percent
Ammo, Inc., the owner of GunBroker.com and the ammunition and components producer, reported a net loss in the fiscal second quarter as sales dropped 28.8 percent.
OrderMyGear Acquires DistributorCentral
OrderMyGear (OMG), based in Dallas, TX, announced it acquired DistributorCentral, a technology provider for suppliers and distributors in the promotional products industry.
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
