Rocky Mountain Bicycles Appoints CEO
Rocky Mountain Bicycles, based in Saint-Georges, Quebec, has appointed Katy Bond as CEO. Company owner Raymond Dutil becomes executive chairman and coach of innovation.
NRF Says Economy ‘Being Rebalanced’ But ‘Extreme Cooling Off’ Seems Unlikely
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, National Retail Federation Chief Economist Jack Kleinhenz said.
St. Croix Rod Grows Product Team
St. Croix Rod hired Robert Woods as product manager. He spent the past eight years at Wells Vehicle Electronics in Fond du Lac.
Novoloop Extends Series A Round To $21M
Advanced upcycling startup Novoloop expanded its Series A to $21 million through an oversubscribed extension led by Mistletoe Singapore and Hanwha Solutions. This nearly doubles the company’s raise of $11 million announced in February.
Rawlings Appoints President
Rawlings Sporting Goods Company, Inc. announced the promotion of Ronald Ostrowski from CFO to president effective immediately. He will continue to report to Mike Zlaket, CEO.
Signa Sports’ Q2 Sales Climb 48 Percent
Berlin-based Signa Sports United reported net revenue grew 48 percent in the fiscal second quarter ended March 31 to €269 million. The gains reflect the full contribution from the acquisitions of WiggleCRC and Tennis Express.
G-III Apparel Completes Acquisition Of Karl Lagerfeld
G-III Apparel Group, Ltd. announced that it completed its previously announced acquisition of the remaining 81 percent interest in fashion brand Karl Lagerfeld for €200 million (approximately $214 million USD), subject to certain adjustments.
The Buckle’s May Comps Climb 5.3 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended May 28, 2022 increased 5.3 percent from comparable store net sales for the 4-week period ended May 29, 2021.
Duluth Holdings Q1 Profits Boosted By Margin Gains
Duluth Holdings, Inc. reported earnings before non-recurring items more than doubled in the fiscal first quarter ended May 1 as strong improvements in gross margins offset a slight decline in sales. The parent of Duluth Trading reaffirmed its guidance for the year.
Designer Brands’ Q1 Sales Climb 18 Percent
Designer Brands Inc., the parent of DSW, reported sales grew 18.1 percent in the first quarter ended April 30 with same-store sales gaining 15.3 percent. Earnings topped Wall Street’s estimates and the company raised its EPS guidance for the year.
Pou Sheng Appoints New CFO
Pou Sheng International (Holdings), Ltd. appointed Li-Chieh Chen as its chief financial officer, replacing Yuang-Whang Liao.
NSGA Adds New Board Members
The National Sporting Goods Association (NSGA) made two changes to its Board of Directors with the appointments of Troy M. Freeman of Winmark Corporation/Play It Again Sports and John Scipio of SV Sports. Their three-year terms took effect on June 1.
Farfetch Completes Minority Investment In Neiman Marcus Group
Online luxury platform Farfetch has closed a $200 million common equity minority investment in US-based integrated luxury retailer Neiman Marcus Group (NMG).
Liberty Ammunition Secures Western Rep Coverage
Liberty Ammunition is teaming up with Maschmedt & Associates.
Dr. Martens Sales Climb 18 Percent In Fiscal Year
Dr. Martens reported revenue of £908.3 million ($1.13 bn) in its fiscal year ended March 31 against £773.0 million a year ago, representing a gain of 18 percent on a reported basis and 22 percent on a currency-neutral basis.
