Helinox Opens Second Creative Center In Busan, South Korea
Helinox, the manufacturer of lightweight, portable furniture for outdoor use, recently opened its second multi-story Helinox Creative Center Busan (HCC Busan). Busan is the second largest city in South Korea know for urban design and outdoor escapes.
Dick’s SG To Open Store In Minnesota’s Rosedale Center
Dick’s Sporting Goods is opening an 80,000-square-foot store at Minnesota’s Rosedale Center. Poag Development Group, overseeing the construction of the store, formerly occupied by a Herberger, reported the news in a press release.
Outerstuff’s Debt Ratings Downgrade On Potential Default
S&P Global Ratings downgraded the debt ratings of Outerstuff LLC on an increasing likelihood of a default.
Massage Envy Names Chief Development Officer
Massage Envy hired Erich Melsheimer as chief development officer. He was Planet Fitness’ vice president of global real estate.
Adidas Retracts Opposition To BLM Trademark Application
Adidas AG, on Wednesday, reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes, according to Reuters.
RV Industry Association Sees February RV Shipments Down Nearly 54 Percent
The RV Industry Association reported that a February 2023 survey of manufacturers determined total RV shipments ended the month with 24,903 units, a decrease of (-53.7 percent) compared to the record 53,773 units shipped in February 2022.
Canada’s Mountain Sports Distribution Acquired By PE Fund
Mountain Sports Distribution, Inc. (MSD), a distributor in the powersports industry headquartered in Golden, British Columbia, was acquired by KV Capital.
Caracal USA Names New VP Sales For American Market
Caracal USA has named Bill Silver, a firearms industry sales veteran, as vice president of sales for the American market.
Goldtoe Socks Launches Sock Recycling Program
Goldtoe Socks is rolling out a free sock recycling program in partnership with TerraCycle. The program will offer consumers an easy way to recycle used socks from any brand to manufacture new socks.
Hipcamp Launches Free Public Lands Campsite Maps
Campsite booking platform Hipcamp launched free public lands maps to find and book available campsites in the U.S. that are on or near points of interest on public lands.
Chris-Craft Opens New Manufacturing Facility In Sarasota
Boat manufacturer Chris-Craft, a wholly-owned subsidiary of Winnebago Industries, reported it opened a new manufacturing facility in Sarasota, FL. Building 5 increases the company’s production capacity by 50 percent and spans over 70,000 square feet, allowing for the complete build of boats.
Macy’s To Transition Chairman And CEO Role
Macy’s, Inc. Chairman and CEO Jeff Gennette plans to retire in February 2024 after serving the company for 40 years.
TJX Increases Dividend By 13 Percent
TJX Companies, Inc. announced that its Board of Directors had raised the amount of its quarterly dividend by 13 percent from the last dividend paid.
Compass Diversified Re-Works Board As Sally McCoy Plans Departure
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.
Lululemon’s Q4 Profits Drop On Mirror Impairment Charge
Lululemon Athletica Inc. reported a sharp decline in earnings for the fourth quarter due to an impairment charge of $442.7 million related to its Mirror connected-fitness business. Earnings on an adjusted basis grew 31 percent as comparable-store sales jumped 27 percent, topping analyst targets.
