Clarus Reduces FY Guidance
Clarus Corporation reported continued demand for its Outdoor segment, led by Black Diamond and Precision Sport segment and by Sierra and Barnes, in the third quarter ended September 30, but lowered its sales and earnings outlook for 2022 due to lower sales in its Adventure segment and the volatile foreign currency market and higher freight costs.
Wolverine Worldwide Appoints Lead Independent Director
Wolverine World Wide, Inc. hired Nicholas Long as the lead independent director of its Board of Directors.
Namuk Bolster’s U.S. Presence, Hires CMO
Namuk, the Swiss kid’s outdoor apparel brand, hired Sebastian Reinhard as chief marketing officer, responsible for national and international communication.
Culture Kings Opens Flagship Store In Las Vegas
A.k.a. Brands Holding Corp. announced opening the first U.S. Culture Kings flagship store at The Forum Shops at Caesars, a Simon Property in Las Vegas, NV, on November 5.
Nike Suspends Relationship With Kyrie Irving
Nike suspended its ties with Brooklyn Nets star Kyrie Irving and canceled his line of shoes following his promotion on social media of an anti-semitic documentary.
Canada Goose To Open Stores In Las Vegas And Denver
Canada Goose announced plans to open stores in permanent locations in Las Vegas and Denver, including two pop-up stores in Aspen and Detroit.
Recall: Bolt Foldable Children’s Scooters
About 5,000 Bolt Foldable Children’s Scooters from Anker Play Products are being recalled.
Recall: Myx Connected Exercise Bicycles
About 162,000 YX I, MYX II and MYX II Plus Connected Exercise Bicycles are being recalled.
Recall: Rad Power Bikes
About 29,300 RadWagon 4 Electric Cargo Bikes from Rad Power Bikes are being recalled.
NICS Firearms Background Checks Slide 11.4 Percent In October
The October 2022 NSSF-adjusted National Instant Criminal Background Checks (NICS) fell 11.3 percent to 1.27 million compared to the October 2021 NSSF-adjusted NICS figure of 1.43 million.
Topgolf Announces Plans For First Location In Massachusetts
Topgolf announced plans to open its first permanent location in Canton, MA in late 2023.
Adidas Eyes Puma’s Outgoing CEO Bjorn Gulden As New CEO
Adidas AG confirmed Friday that it is in talks with Puma Chief Executive Bjorn Gulden as a potential CEO successor. Earlier Friday, Puma said Gulden would leave at the end of the year and appointed Arne Freundt as its new CEO, effective January 1, 2023.
StockX Undergoes Lays Offs For Second Time In Four Months
StockX confirmed that it laid off less than 80 employees. In a media statement, the sneaker marketplace seller said it made “adjustments” to corporate teams “to align with our current organizational priorities.”
NRF Sees Holiday Sales Growing As Much As 8 Percent
The National Retail Federation (NRF) expects holiday sales growth over November and December will expand in the range of 6 percent to 8 percent to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5 percent over 2020.
Unifi’s Q1 Sales Slump 8 Percent
Unifi, Inc. reported an operating loss in the first quarter ended October 2 as sales declined 8.4 percent due to temporary demand disruption in the Americas and Asia tied largely to inventory destocking in the apparel space. The fabric company withdrew its guidance for the year due to uncertainty about the timing of a recovery in the apparel sector.
