Newell Brands Slashes Dividend
Newell Brands, Inc. announced that its Board of Directors and the management team updated its dividend policy to focus on funding supply chain investments and de-leverage. Newell Brands reduced its quarterly dividend to 7 cents a share. In February, the company declared a quarterly dividend of 23 cents a share.
Retail Sales Inch Up In April, Driven By Inflation; Sporting Goods Stores See Decline
Retail sales, which are adjusted for seasonality but not for inflation, rose 0.4 percent in April from the prior month, the Department of Commerce reported on Tuesday, following declines in March and February. The growth was still weaker than the 0.8 percent increase that economists expected, according to Refinitiv.
Oofos Names Former Telecom Exec To Board Of Directors
Oofos named former T-Mobile CEO John Legere to its board of directors. Most recently, Legere was the CEO of T-Mobile for eight years.
Deuter, Ortovox To Move Corporate U.S. Headquarters To Boulder
Deuter and Ortovox are preparing to move their U.S. corporate headquarters to Boulder, CO. The brands, owned by German-based Schwan-Stabilo Outdoor, hired NRI 3PL, a third-party logistics partner based in Fontana, CA, to provide fulfillment services for its U.S. network.
Report: April U.S. Discretionary General Merchandise Retail Sales Fell 7 Percent
Discretionary U.S. general merchandise retail sales revenue fell 7 percent in April 2023 year-over-year and unit sales fell 8 percent according to Circana, formerly IRI and The NPD Group.
On’s First Quarter Profits Surge With 78 Percent Revenue Gain
On Holding AG’s profits tripled in the first quarter on strong margin improvement and 78 percent sales growth. The Swiss running brand’s results easily topped analyst targets. Strength was seen across regions, channels and product groups.
Iron Valley Supply Names New Account Manager
Iron Valley Supply hired Will Morris as an account manager based out of the company’s Downingtown, PA office.
Big Agnes Grows Sales Team In The Northeast
Big Agnes hired Round Pond Sales Group led by Kyle Rohne and Ian Wauchope to represent Big Agnes in the Northeast, better positioning the brand to meet the needs of customers in the region.
Orvis Appoints Chief Product Officer
Orvis announced that Carla Feely had been named chief product officer with executive oversite for all product-related functions.
EssilorLuxottica Partners On Persian Gulf Region Retail Initiative
EssilorLuxottica, parent company of Sunglass Hut, Oakley and Ray-Ban, among other eyewear brands, and Chalhoub Group, signed a joint venture for the development of direct eyewear retail in the Gulf Cooperation Council (GCC) region.
DestiMetrics: Solid Winter Revenues But Summer Occupancy Is Down Despite Softening Rates
Although a handful of resorts remain open, the Winter 2022/23 ski season is ending on a high note due to extraordinary snowfall across most regions, particularly in the West, according to the most recent data released by DestiMetrics.
Pacsun Opens Second PS Reserve Resale Space In SoCal
Pacsun continues its expansion of PS Reserve, the custom-curated resell platform for limited-edition streetwear apparel, sneakers and accessories, created in partnership between Magnolia Park owner and CEO Miki Guerra and Pacsun.
Century 21 Set To Reopen Flagship Store Location In New York
Century 21, the retailer and purveyor of off-price luxury fashion, is reopening its flagship location in Manhattan’s Financial District at 22 Cortlandt Street with the support of experiences company Legends.
HanesBrands Extends Long-Term Apparel Partnership With Penn State
HanesBrands and Penn State reported a multi-year extension of its apparel partnership, giving HBI exclusive rights in the mass retail channel.
Study: U.S. Fan Interest In Soccer Growing
A new data report on the state of U.S. soccer fandom from Sports Innovation Lab found that American interest in soccer has reached the average global interest level.
