Amazon Officially Opens New Tech Hub In Boston
Last Friday, Amazon and Massachusetts Governor Charlie Baker, Lieutenant Governor Karyn Polito, and developer WS Development officially opened its Boston Tech Hub. More than 2,000 employees will work at the facility.
Walther Manufacturing Appoints CEO
Walther Manufacturing, Inc. has hired Thomas Goike as president and CEO. The company’s President and CEO, Adam Blalock, has transitioned to Chairman of the Board for Walther Arms, Inc. and Umarex USA, Inc.
Moody’s Lowers Wolverine’s Debt Outlook
Following a similar move by S&P Global Ratings, Moody’s Investors Service changed Wolverine World Wide, Inc.’s outlook to negative from stable.
Two Bidders Seek Discount Price To Acquire Kohl’s
Private equity chain Sycamore Partners and retail conglomerate Franchise Group have submitted bids to acquire Kohl’s, sources told the Wall Street Journal. Both offers were well below amounts the company turned down earlier this year.
Amazon Consumer CEO Resigns
Amazon’s consumer CEO, Dave Clark, will leave the company next month, the e-commerce giant announced in a blog post Friday and reflected in a regulatory filing.
Skeeter Products SVP To Oversee G3 Boats
Yamaha U.S. Marine Business Unit announced that Jeff Stone, senior vice president, Skeeter Products, Inc., will now oversee G3 Boats, the manufacturer of aluminum and pontoon boats. In his new role, Stone is responsible for manufacturing, operations, marketing and sales for Yamaha U.S. Business Unit subsidiaries G3 and Skeeter Boats.
Rally House Adds Stores in Philadelphia, Louisville And Kansas City
Rally House opened new stores in Philadelphia, Louisville and Kansas City markets.
Outdoor Gear Builders Appoints Executive Director
Outdoor Gear Builders announced the appointment of Matt Godfrey as the organization’s executive director. OGB, based in Ashville, NC, has grown to over 75 members (retailers and vendors) in the outdoor industry in Western North Carolina.
L.L. Bean To Open Store In Hudson, MA
L.L. Bean plans to open a store in Hudson, which will represent its ninth store in Massachusetts.
NICS Firearms Background Checks Slide In May
The May 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) slipped 11.3 percent to 1.17 million compared to the May 2021 NSSF-adjusted NICS figure of 1.32 million.
Lululemon Hikes Outlook As Q1 Tops Guidance
Lululemon Athletica Inc. raised its earnings and sales guidance for the year after reporting first-quarter results that surpassed its expectations. Sales were up 32 percent in the first quarter with same-store sales ahead 24 percent.
Tilly’s Sees 13 Percent Q1 Comp Drop
Tilly’s Inc. reported a sharp decline in profits in the first quarter as gross margins eroded 350 basis points and same-store sales were down 13 percent. Results were in line with guidance.
Zumiez’s Sales Slump 21 Percent In First Quarter
Zumiez, Inc. reported sales fell 21 percent in the first quarter ended April 30 against tough year-ago comparisons but arrived at the high end of guidance. Earnings came in below guidance due to labor, shipping and logistics costs as well as a shift in the timing of marketing and training investments.
Rossignol Group To Open Canadian Headquarters
Rossignol Group will relocate its Canadian-based headquarters from Montreal to Bromont, QC next month.
Golftec Opens Location In San Diego
Golftec announced the opening of an instruction and club fitting center in San Diego, CA at 7510 Hazard Center Drive.
