Smith & Wesson’s Sales Tumble 69 Percent
Smith & Wesson Brands Inc. reported a significant decline in earnings in the fiscal first quarter ended July 31 as sales dropped 69 percent. Mark Smith, CEO, commented, “As expected, our first quarter results reflected a return to a normal demand pattern at the retail counter for firearms combined with temporary headwinds from inventory corrections within the channel.”
Dovetail Workwear Hires National Sales Director
Dovetail Workwear hired Katie Copeland as national sales director.
Qurate Appoints Chief Merchandising Officer, QVC U.S.
Qurate Retail Group hired Stacy Bowe as chief merchandising officer at QVC U.S. Most recently she worked at G-III Apparel Group and before that led the home category for Macy’s.
Original Footwear Company Names CEO
Original Footwear Company, the maker of tactical footwear, named Mark Cavanaugh as CEO, succeeding Founder Kevin Cole, who will remain on its Board of Directors.
Life Time Opens Wall Street Location
Life Time announced the opening of Life Time One Wall Street, the first of three athletic clubs planned to open in New York City by the end of 2022.
TrueTimber Names Director Of Licensing
TrueTimber, based in Inman, SC, appointed industry veteran Richard Howard as director of licensing.
MidwayUSA Appoints Vice President, Merchandising
MidwayUSA’s Jeff Larkin recently accepted the position of vice president of merchandising. The transition comes following merchandising vice president Ryan Fischer’s plans to retire later this year.
Puma’s First Metaverse Experience, Black Station, Debuts At New York Fashion Week
Puma’s first metaverse website experience, called Black Station, featuring exclusive NFTs with limited edition redeemable physical sneakers as part of its ‘Futrograde’ will debut during New York Fashion Week.
Vuori Opens First Store In Connecticut
Vuori has opened a store in Westport, its first Connecticut store.
Todd Krinsky New CEO Reebok
Authentic Brands Group (ABG) has promoted Todd Krinsky as the new CEO of Reebok after acquiring the brand earlier this year. Matt O’Toole, who has led Reebok for the past 15 years, will transition to join ABG as executive chair in January 2023.
Target CEO Brian Cornell To Stay Three More Years
Target said Brian Cornell agreed to remain in his role as CEO for an additional three years. With Cornell’s commitment, Target’s Board of Directors eliminated its retirement policy, designed to initiate a discussion regarding the possible retirement of its CEO at the age of 65.
Peloton May Face Civil Monetary Penalties Related To Treadmill Recall
Peloton Interactive is facing possible civil penalties over its voluntary recall of the Trend+ treadmill, the connected fitness leader disclosed in a regulatory filing. The Tread+ was taken off the market last year following reports that adults, children, pets, and objects had been pulled beneath the equipment and caused the death of a child.
Slingshot Sports Hires Director Of Marketing
Slingshot Sports, the manufacturer of watersports equipment, hired Jonathan Thesenga as director of marketing.
Rally House Opens Storefront In Cincinnati Area
Rally House opened a new store in Liberty Township, North of Cincinnati, OH.
La Jolla Group Adds Mountain Khakis To Brand Portfolio
La Jolla Group, Inc. announced it added Mountain Khakis to its brand portfolio. The company will provide strategic guidance, back-end oversight and support, including finance, planning, HR, IT, distribution, and logistics.
