Tractor Supply Extends CEO’s Contract; Shifts Board Leadership
Tractor Supply Company extended President and CEO Hal Lawton’s employment contract and key transitions on its Board of Directors. The Board of Directors elected long-standing member Edna Morris as Chairman of the Board.
Topgolf Callaway Posts Wider Q4 Loss On Strong Double-Digit Growth
Topgolf Callaway Brands Corp. posted another strong quarter to end 2022, delivering a 19.6 percent increase in revenue to $851.3 million in Q4, reflecting growth in each operating segment, major product category and region.
Nautilus Slashes Full-Year Guidance On Weakness In Retail Segment
Nautilus Inc. reported a loss of $11.1 million in the fiscal third quarter ended December 31 as sales slumped 33.4 percent. The sales outlook was significantly reduced and the expected loss also widened for the fiscal year due to lower expectations in the Retail segment.
Tetra Hearing Makes Three Key Hires
Tetra Hearing recently expanded its team with Shane Shoemake, Riley Qualls and Crews Holt to assist the company manager since launching three years ago.
Adidas Says Yeezy Fallout Could Result In Billion Euro Loss
Adidas in an outlook update warned it expects a loss in the range of €500 million to €1 billion ($534 million to $1.07 billion) in 2023 from the exit of its Yeezy business.
Thule Names New President and CEO
Thule Group named Mattias Ankarberg as the new president and CEO of the company. To secure a seamless transition, Magnus Welander will remain in his role until Ankarberg finishes his current position.
Moosejaw Launching Consumer Resale Gear Program
Moosejaw will launch ReTrail, a resale program, on February 9. The online platform lets customers buy and sell their previously owned gear directly on the retailer’s site.
Adidas’ Head Of Global Marketing Departs
Vicky Free has left her role as global head of marketing at Adidas, according to Adweek.
New Balance Opens Retail Concept In Boston
New Balance opened the second experiential store concept at 124 Newbury Street in Boston. The first store opened in Guangzhou, China, in December 2022.
Kohl’s Names New Chief Merchant
Kohl’s named 25-year retail veteran Nick Jones as chief merchandising and digital officer, reporting to CEO Tom Kingsbury, effective in March.
Dick’s SG Plans 200 Trade-in Events In First Half Of 2023
Dick’s Sporting Goods and SidelineSwap are building on the success of the 60 trade-in events they executed in 2022 and expanding their partnership to offer 200 trade-in events in 19 states through the first half of 2023.
OHM Fitness Sets Expansion For Colorado, Kansas, Missouri, South Florida
OHM Fitness awarded three new territories and seven additional franchise licenses in developing regions in January 2023.
Ashworth Taps ProQuip Golf As U.K., Ireland Distributor
Ashworth is back in U.K. and Ireland golf stores for 2023 and beyond. The iconic apparel brand and its Golfman logo will soon be seen on British and Irish fairways thanks to a new agreement between Ashworth owners YGM Group and ProQuip Golf.
BJ’s Wholesale Club Adding First Store In Tennessee; Adds To Florida, Georgia
BJ’s Wholesale Club will continue its expansion of new club locations in the upcoming months, including opening its very first club in the state of Tennessee by the first half of the year.
Yamaha U.S. Marine Business Unit Promotes Tracy To VP
Yamaha U.S. Marine Business Unit has promoted Mark Tracy to vice president. He will continue to oversee Yamaha Marine Power Sales and marketing teams, with the added responsibility of the Marine Customer Experience team.
