Athleta Sees Q4 Comp Sales Down 5 Percent; CEO Exits
Gap Inc. announced that Mary Beth Laughton, president and CEO of Athleta, is exiting the business, effective today. The change comes as the women’s active apparel chain’s fourth-quarter comparable sales fell 5 percent in the fourth quarter, driven by continued product acceptance challenges.
Zumiez Sees Strong Double-Digit Sales Declines Continuing Into 2023
Zumiez expects net sales for the three months ending April 29 to be in the range of $178 million to $184 million, which would indicated another strong double-digit decline from the $221 million in sales in the year-ago first quarter. Earnings (Loss) per share are expected to be between a loss of 85 cents and a loss of 95 cents.
American Outdoor Brands’ Q3 Sales Drop 27.4 Percent
Profits at American Outdoor Brands, Inc. dropped 77.0 percent in the third quarter ended January 31 as sales fell 27.4 percent. The maker of outdoor and hunt accessories lowered its outlook for its fiscal year.
JD Sports Appoints Non-Executive Director
JD Sports Fashion Plc appointed Ian Dyson as a non-executive director, effective March 9, 2023. He will join the audit and risk committee and the remuneration committee.
Helen Of Troy Announces Resignation Of CFO
Helen of Troy Limited announced the resignation of chief financial officer, Matt Osberg, effective April 27, 2023. Brian Grass, retired Helen of Troy CFO, is expected to join the company as senior vice president, assistant CFO on March 21, and will become interim CFO beginning April 28.
HanesBrands Refinances 2024 Maturities; Closes $900 Million Term Loan B Financing
HanesBrands completed the refinancing of the last remaining series of its 2024 Notes. The company closed on an upsized new Senior Secured Term Loan B Facility in an aggregate principal amount of $900 million.
Patagonia Provisions Acquires Moonshot
Patagonia Provisions, the food and beverage division of Patagonia, has acquired Moonshot, a plant-based snack brand based in San Francisco.
Duluth Trading’s Sales Slide 11 Percent In Fourth Quarter
Duluth Holdings Inc., the parent of Duluth Trading company, reported earnings declined 57.5 percent in the fourth quarter as sales fell 10.7 percent.
Solo Brands, Inc.’s Q4 Wholesale Sales Surge Nearly 200 Percent While DTC Slips
Solo Brands, Inc., parent company of the Solo Stove, Chubbies, Oru Kayak, and Isle brands, saw net sales increase 11.8 percent to $197.2 million in the fourth quarter ended December 31, compared to $176.5 million in the fourth quarter of 2021.
Genesco Posts Flat Q4 Sales On Journeys Dip, FX Impact, Weaker Wholesale Sales
Genesco, Inc. reported earnings on an adjusted basis fell 24.4 percent in the fourth quarter due to the return of a more normalized promotional environment as well as increased freight and warehouse costs. Same-store sales were up 5 percent as double-digit growth at Schuh and Johnson & Murphy offset a 1 percent dip at Journeys.
Land Energy Announces Hires And Promotions
Cleveland, OH-based Land Energy, the Light Electric Vehicle (LEV) manufacturer, announced staff additions and promotions, including Evan Painter, named brand director; Ladd Forde was promoted to director of photography; Steve Westover joined the company as an adviser; and Chris Davis was hired as production manager.
Bushmaster Adds Director Of Sales
Bushmaster hired Bill Gentry as director of sales. The company said that Gentry brings 17 years of industry knowledge and experience and has been a passionate defender of the Second Amendment his entire carrier.
Puma Appoints New GM For Sportstyle Business Unit
Puma hired Lionel Telega as general manager of the brand’s Sportstyle business effective immediately. Telega has been with the company since 2004 and, most recently, was the global director of go-to-market.
ASA Report: Economic Contributions Of Recreational Fishing
The American Sportfishing Association (ASA) released its 2023 Economic Contributions of Recreational Fishing: U.S. Congressional Districts Report, an update to the data collected by the ASA in partnership with Southwick Associates.
Enduro Bearings Expands Distribution In Canada, Central America
Enduro Bearings reported a multi-year distribution agreement with Orange Sport Supply in Canada and Grupo GL in Central America.
