Lipsey’s Promotes Two In Top Leadership Shuffle
Firearms distributor Lipsey’s promoted company President Flint Virgets to executive industry director and SVP/CFO Mark Emonet to president. He retains his role as CFO.
Mastercard: March Retail Sales Up 4.7 Percent, Driven By Growth In Service Sector And Grocery
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales, excluding automotive, were up 4.7 percent year-over-year in March.
Levi’s Shares Fall On Inventory Concerns
Shares of Levi Straus & Co. fell $2.89, or 16.0 percent, to $15.14 Thursday after the denim giant reported first-quarter results that topped Wall Street analysts’ targets but margins missed plan due to challenges clearing elevated inventories.
Ermenegildo Zegna Swings To 2022 Profit On Double-Digit Sales Growth
Ermenegildo Zegna N.V. reported that revenues for 2022 were €1.49 billion, up 15.5 percent year-over-year. Excluding the Greater China Region, which was affected by COVID-19-related restrictions throughout 2022, mainly from mid-March to the end of May and then again in the fourth quarter, 2022 revenues were up 42 percent year-over-year.
The Buckle Reports 10.1 Percent Comp Store Sales Decline For March
The Buckle, Inc. reported that comparable store net sales, for stores open at least one year, for the 5-week fiscal period ended April 1 decreased 10.1 percent from comparable store net sales for the 5-week period ended April 2, 2022.
Clarus’ President John Walbrecht Steps Down
Clarus Corp., in a regulatory filing, said John Walbrecht, company president, mutually agreed to terminate employment effective March 31.
Pure Fishing Appoints New CEO As Kent Moves To Board
Pure Fishing hired Dave Allen as CEO, replacing Harlan Kent, who moves into a new role as a member of the company’s board of directors and a special project advisor.
Meijer To Open Indiana Supercenter
Meijer will open a new 159,000-square-foot supercenter in Elkhart, IN, on May 11, making it the 11th Meijer store in Northern Indiana, and will include a Meijer Express gas station, scheduled to open on April 13 adjacent to the center.
Camping World Holdings To Acquire Arkansas RV Center
Camping World Holdings, Inc. reported it would acquire Breeden RV Center in Van Buren, AR. The acquisition, closing in the second quarter of 2023, will increase the company’s Arkansas location count to four.
Nike, Inc. Appoints New EVP & Chief Communication Officer; Nigel Powell To Retire
Nike, Inc. promoted KeJuan Wilkins to EVP, chief communications officer effective June 1. He succeeds Nigel Powell, the company’s long-time EVP/CCO, who is retiring this summer.
Pentland Brands Names New Global Chief Operating Officer
Pentland Brands, parent company to Speedo, Berghaus, Canterbury, Ellesse, and Mitre brands, promoted Abhy Thomas-Joseph to global chief operating officer. He will replace Jon Godden, who is leaving the company in June after 16 years with the company.
iKamper Expands North American Team
iKamper, a manufacturer of rooftop tents and outdoor gear, expanded its U.S. Marketing and eCommerce team hiring Erik Flink as director of Marketing and eCommerce and Thomas Rousseve as community marketing manager.
Leadership Change At Wattbike
After over ten years at Wattbike, Richard Baker is stepping down as CEO. Stephen Loftus, most recently chief commercial officer at Brompton, will assume the role on May 1. Baker will remain with the brand as a special advisor to the Board.
Mtntough, Inc. Names Chief Marketing Officer
Mtntough, Inc. named Ryan Watson as chief marketing officer responsible for developing and monitoring the brand’s overall business marketing strategies, including market research, digital marketing, public relations and communications, and strategic partnerships.
Winchester Parent’s Debt Ratings Affirmed Despite Near-Term Demand Headwinds
S&P Global Ratings affirmed the debt ratings of Olin Corp., parent of the Winchester ammo brand, although the rating agency expects Olin’s credit metrics will deteriorate from record levels realized during the past two years, primarily as a result of weaker demand for epoxy resins and vinyls products
