VF Corp. Introduces Fiscal Year 2027 Long-Term Strategic Plan
At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.
Tracksmith To Open Store In London
Boston-based Tracksmith is opening its first store in London. The running brand has only one store on Newberry Street in Boston.
Buck Knives Hires Director Of Engineering
Buck Knives, based in Post Falls, ID, hired Drew Stephens as director of engineering and new product development.
Thor Industries Sees Q4 Sales Expand 6.4 Percent
Profits at Thor Industries, Inc. climbed 22.0 percent in the fourth quarter ending July 31 as sales for the manufacturer of recreational vehicles rose 6.4 percent and gross margins improved 90 basis points.
Gymshark Appoints CFO
Gymshark hired Mat Dunn as its new chief financial officer. He was formerly chief operating officer and CFO at Asos.
Pearl Izumi Trims Staff, Plans To Sell Colorado Headquarters
Pearl Izumi has eliminated an undisclosed number of jobs from its Louisville, CO headquarters, and its parent company, United Sports Brands, plans to sell the building, according to a report from the BusinessDen.
U.S. Golf Rounds See Third Straight Positive Month In August
Golf Datatech’s National Rounds Played Report for August showed that U.S. rounds were up 3.9 percent in the month but still down 2.6 percent year-to-date year-over-year.
Slinger Bag Parent Warns Of Late Regulatory Filing
Connexa Sports Technologies, Inc., formerly Slinger Bag, announced it had received a letter from The Nasdaq Stock Market, LLC (NASDAQ) on September 22, 2022, notifying the company that it is not in compliance with the periodic filing requirements for continued listing because it failed to file financial documents with the SEC.
Samsonite’s Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Samsonite International S.A. to ‘BB-‘ from ‘B+’ as the luggage company’s sales recovered through the first half of fiscal 2022, and modest continued global travel upside is expected to improve performance through 2023.
TriWest Capital Acquires Northern Lite Truck Campers And Off Grid Trailers
TriWest Capital Partners, based in Calgary, Canada, announced that it entered into a partnership with Northern Lite Truck Campers and Off Grid Trailers, forming Outdoor Adventure Group, a recreational vehicle manufacturer and distributor.
Academy Opens First Store In Lexington
Academy Sports + Outdoors announced opening its first store in Lexington, marking its sixth in Kentucky.
Downlight Outdoor Expands Canadian Processing Facility
Downlite Outdoor, a division of Downlite, a down and feather processor and supplier of responsibly sourced performance fills to the outdoor, home furnishings, and hospitality markets, expanded its facility by 50 percent in Mississauga, Canada.
Nike Opens First Store In The Bronx
Nike has opened a store in the North Bronx, its first in the New York City borough. Located at 340 Baychester Avenue, the store is one of the brand’s community-focused Nike Unite concept stores.
Beyond Yoga To Open First Store
Beyond Yoga, acquired by Levi Strauss in September 2021 for $400 million, is opening its first store in Santa Monica, CA.
August RV Shipments Slide
Results for the RV Industry Association’s August 2022 survey of manufacturers determined that total RV shipments ended the month with 33,783 units, a decrease of 36.0 percent compared to the 52,819 units shipped in August 2021.
