Outdoor Industry Veteran Hired As Trango Brand Manager
Trango, the manufacturer and international distributor of technical climbing equipment, hired Brett Cardamone as brand manager.
Black Diamond Parent Company Q4 Sales Drop 12 Percent On Inventory Overhang
Clarus Corp. reported sales dropped 11.8 percent in the fourth quarter, dragged down by inventory destocking trends at Black Diamond’s key North American retail accounts. Sales grew 10 percent at its Precision Sports segment (Sierra and Barnes). Results were basically in line with guidance. For 2023, the company is forecasting a 6 percent decline.
USGA Elects New President To Three-Year Term
Fred Perpall of Dallas, TX, was elected as the 67th president of the USGA at the association’s Annual Meeting in Napa, CA.
Tiger, TaylorMade Backed PopStroke Opening First Arizona Location
PopStroke Entertainment Group, owned by Greg Bartoli, Tiger Woods’ TGR Ventures and TaylorMade Golf Company, will open PopStroke’s Glendale, AZ, venue on March 2. This is the seventh PopStroke location.
Elevate Outdoor Collective Hires Chief Operations Officer
Elevate Outdoor Collective, the parent company of the K2, Marker, Dalbello, Volkyl, Line Skis, and Tubbs snow sports brands, hired Josee Larocque as chief operations officer, effective immediately,
Aerosoles Inks Licensing Agreement With United Intimate Group
Aerosoles signed a new licensing agreement with United Intimate Group to distribute women’s sleepwear, robes and intimate apparel. American Exchange Group acquired Aerosoles in 2022.
Xponential Fitness Appoints Chief Legal Officer
Xponential Fitness, Inc. hired Andrew Hagopian as chief legal officer, effective March 1, 2023.
Retail Giant Pou Sheng Sees Sharp 2022 Profit Decline On Pandemic Woes
Pou Sheng International (Holdings) Limited warned that it expects to record a 20 percent decline in revenues to approximately RMB18.6 billion for the year ended December 31. The resulting profit is attributable to owners of the Chinese mega-retailer and is forecasted to fall approximately 75 percent to approximately RMB89 million for the year compared to the 2021 financial year.
Gymshark Names Creative Director Of Lifting
Gymshark has named David Laid as its first creative director of lifting. In the role, Laid will be responsible for, among other things, product development, creative direction, athlete recruitment and IRL events.
Velo Cyclery Names President And CEO
Velo Cyclery, an online retailer of cycling equipment and accessories headed by investment management firm Sterling Partners, comprised of Planet Cyclery and Colorado Cyclist, hired Paul McAfee as president and CEO.
Berkshire Hathaway’s Apparel And Footwear Sales Slide 4.5 Percent In 2022
Berkshire Hathaway Corp.’s sales across its apparel and footwear businesses slid 4.5 percent in 2022 compared to 2021 due to inventory reduction efforts in the mass channel, according to the holding company’s annual report. The businesses include Fruit of the Loom, Russell, Spalding, Garan, H.H. Brown Shoe Group, and Brooks Sports.
Vortex Optics Acquires GeoBallistics
Vortex Optics acquired GeoBallistics, a Dallas, TX-based business providing ballistic mobile application software.
Hanesbrands Makes Board Of Directors Changes
HanesBrands, Inc. appointed Mark Irvin, shown, to its board of directors. Bobby J. Griffin, a board director since 2006, plans to retire when his current term ends timed with HanesBrands 2023 annual meeting of stockholders.
Zalando To Eliminate “Hundreds” Of Jobs
German online fashion retailer Zalando said in an e-mail to employees that it plans to cut hundreds of jobs to help it confront a “more challenging” economic environment after years of rapid growth.
Report: Foot Locker In Discussions On India Entry
Indian multi-brand footwear company, Metro Brands, is talking with Foot Locker to bring the U.S. brand into India.
