Vertical Brands Names COO
Vertical Brands, the parent of CB Sports Apparel and Neve Designs, has hired Christopher Pete as COO.
Winchester’s Sales Expand 3.5 Percent In Third Quarter
Winchester sales for the third quarter were $414.1 million compared to $400.0 million in the third quarter of 2021, representing a gain of 3.5 percent.
Peak Design To Open Store In NYC’s Nolita Neighborhood
Peak Design, the maker of everyday carry solutions, will open its first New York City store on October 28 in Nolita, a niche neighborhood in lower Manhattan.
Moncler’s Q3 Sales Climb 12 Percent Currency-Neutral
Moncler S.p.A. reported sales in the third quarter were €638.3 million, up 12 percent currency-neutral compared with the same period of 2021 and 50 percent currency-neutral compared with the same period of 2019.
Kanye West Is Escorted From Skechers Offices
Skechers USA said late Wednesday that Kanye West, also known as Ye, had come to its corporate offices in Los Angeles “unannounced and uninvited” and was subsequently escorted from the building where he had been trying to film.
Boot Barn’s Q2 Sales Advance 12 Percent
Boot Barn Holdings, Inc. reported earnings showed a modest decline in the second fiscal quarter ended September 24 despite a 12.4 percent revenue gain.
VF Corp. Trims EPS Outlook On FX And Promotional Headwinds
VF Corp. reported results in its fiscal second quarter ending October 1 that came in line with Wall Street targets but lowered its EPS guidance for the full year due to foreign currency fluctuations as well as heightened inventory levels and promotional activity in the marketplace.
Foot Locker And Gap Pull Yeezy Product From Stores
Foot Locker and Gap announced they were pulling Yeezy products from their stores following Adidas’ move on Tuesday to end its partnership with Ye, the artist formerly known as Kanye West, following a series of antisemitic remarks he made recently across multiple forums.
Delta Apparel Names Senior Director Of DTG2Go
Delta Apparel, Inc. hired Patrick Bowman as senior director of DTG2Go, its digital print business unit.
Garmin Raises 2022 EPS Guidance On Improved Margin Outlook
Garmin Ltd. reported sales declined 4 percent in the third quarter ending September 24, dragged down by an 18 percent slide in the fitness segment. Second-quarter earnings topped Wall Street estimates and Garmin lifted its full-year EPS outlook on an improving margin outlook.
Puma Sees 17 Percent Currency-Neutral Growth In Q3
Puma reiterated its outlook for the year despite market volatility while reporting another quarterly record of sales and EBIT performance in the third quarter ending September 30. Sales in the third quarter grew 16.9 percent on a currency-adjusted basis, led by growth of 18.8 percent in the Americas region and 18.5 percent in EMEA.
Reima Names Head of Sales
Reima USA, Inc, the Finnish children’s activewear brand, hired Nicola McLeod as head of sales, effective immediately.
Shimano’s Revenues Expand 18 Percent In Nine Months
Shimano, Inc. reported sales grew 18.3 percent in the nine months ended September 30 with sales expanding 20.6 percent in the Bicycle Components segment and 9.0 percent in the Fishing Tackle segment.
Rossignol Group Hires Director Of Softgood Sales, U.S.
The Rossignol Group hired Meredith Riley as director of sales for its softgoods business unit in the U.S. market.
Skechers’s Q3 Falls Short Of EPS Guidance
Skechers USA, Inc. reported sales in the third quarter ended September 30 ran up 20.5 percent but earnings missed guidance amid margin pressures and foreign exchange currency headwinds. Guidance for the fourth quarter was also provided that was below Wall Street targets.
