Diamondback Firearms Appoints New CEO
Diamondback Firearms CEO, Bobby Fleckinger, appointed Faith Denman as CEO, effective immediately. Fleckinger will remain active in the business, working with Denman to drive the company forward.
W. C. Bradley Acquires Dansons US
W. C. Bradley Co. acquired Dansons US LLC in a merger of grill manufacturers. Dansons also owns Surelock gun safes.
Report: StockX Platform Rejected Nearly $90 Million Worth Of Products Over 12 Months
A new StockX report reveals that in the past year, StockX rejected nearly $90 million worth of products that did not meet verification standards. It also outlines quality control metrics including the top reasons products are rejected during the verification process.
Vail Resorts Sees Modest Resort Earnings Growth In Q3, Early Season Pass Sales Gains
Vail Resorts reported results that were in line with expectations in the fiscal third quarter ended April 30 although its net earnings guidance was lowered due to an accounting adjustment for its Park City resort lease. Season pass sales for the upcoming 2023/2024 North American ski season are off to a promising start, increasing 6 percent in units and 11 percent in sales dollars through May 31.
G-III Apparel Group Elects Three To Board Of Directors
G-III Apparel Group, Ltd. elected Dr. Joyce F. Brown, president of the Fashion Institute of Technology (FIT), Michael Shaffer, recently retired COO/CFO of PVH Corp. and an external advisor to several fashion businesses, and Andrew Yaeger, global head of Jefferies’ Strategic Equity Transactions Group to G-III’s Board of Directors.
Torrid Holdings Sees Q1 Net Income Halved As Comps Fall 14 Percent
Torrid Holdings Inc. reported that fiscal first quarter net sales decreased 11.8 percent to $293.9 million. Comparable sales decreased 14 percent. Net income was $11.8 million, or 11 cents per share, in the quarter, compared to net income of $24.1 million, or 23 cents per share in Q1 last year.
Recall: Giro Merit Bicycle Helmets
Bell Sports, Inc., in cooperation with the U.S. Consumer Product Safety Commission (CPSC) and in conjunction with the Canadian government, is recalling Giro Merit bicycle helmets manufactured before January 2023.
Carhartt Names VP Of Global Merchandising
Carhartt hired Tara Roemke as vice president of global merchandising. Roemke joins Carhartt after 13 years at Ariat International, where, most recently, she was the vice president of apparel and denim product management.
Adidas Offers Student Loan Assistance For U.S. Employees
Adidas announced a new program to help U.S. employees working in any area of the company pay off their student loans.
Tommy Bahama Parent Gets Lift From Johnny Was Acquisition To Post Solid Q1 Results
Oxford Industries, Inc. reported that consolidated net sales in the first quarter ended April 29 increased 19 percent to $420 million. On an adjusted basis, EPS increased to $3.78 compared to $3.50 in the first quarter of fiscal 2022.
HanesBrands Inks Primary Apparel Partnership Deal With The University Of Minnesota
HanesBrands signed a new primary apparel partnership with The University of Minnesota. The ten-year strategic agreement gives HBI exclusive rights to design, manufacture and distribute fanwear across mass and campus/local retail channels.
Camping World To Acquire Dealership In Greater Seattle Area
Camping World Holdings, Inc. reported it will acquire Halterman’s RV in the greater Seattle market. The acquisition is expected to close in the third quarter of 2023.
Puttshack Adds To Executive Team
Puttshack named Susan Burke as general counsel and chief risk officer and Rocio DeJesus as head of people and talent.
1791 Outdoor Lifestyle Group Expands Sales Team In Midwest
1791 Outdoor Lifestyle Group hired Ignacio “Nacho” Perez-Moreno as a territory sales rep primarily responsible for the Midwest.
DSW Parent Lowers Outlook As Q1 Results Arrive Below Plan
Designer Brands, Inc., the parent of DSW, Keds and Topo Athletic, reduced its outlook for the year after reporting first-quarter results came in slightly below plan and weakening consumer trends. Doug Howe, CEO of Designer Brands, said, “”As the consumer remains cautious, we are approaching the remainder of the year and the trajectory of the recovery in our business with heightened consideration.”
