Helen Of Troy Lowers Fiscal Year Outlook
Helen of Troy, which owns Hydro Flask and Osprey, reported that first-quarter results exceeded expectations but lowered its outlook for the year due to deteriorating macroeconomic conditions. Sales for its fiscal year are now expected to decline in the range of 3.3 percent to 1.0 percent versus previous expectations of a gain in the range of 6.8 percent to 8.8 percent.
The Buckle’s Comps Dip In June
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended July 2, 2022 decreased 1.7 percent from comparable store net sales for the 5-week period ended July 3, 2021.
Jack Wolfskin Acquires Polish Distributor
Jack Wolfskin, based in Idstein, Germany, and owner by Callaway Golf, announced it acquired FAM Sp. K., the Polish distributor for the brand for the past 24 years.
Compass Diversified Appoints Chairman, Adds Board Member
Compass Diversified Holdings appointed Larry Enterline as Chairman of the Board of Directors in place of C. Sean Day, who is retiring from this position. Day will continue to serve as a director on its Board.
Deckers Brands Appoints President Of Fashion Lifestyle
Deckers Brands announced the appointment of Anne Spangenberg as president of Fashion Lifestyle, which includes Ugg and Koolaburra. Most recently, Spangenberg was global vice president of merchandising for Nike Inc.
Lion Brothers Appoint CEO
Lion Brothers Company, the specialist in apparel identity and customization, announced that Christopher Heyn has joined the company as president and CEO.
OBIT: Lamiglas’ Thomas Posey
Thomas Posey, president and CEO of Lamiglas, the maker of fishing rods and equipment based in Woodland, WA, has passed away in a plane crash.
Licensed Product Sales Still Challenged Post Pandemic
According to the 2022 Study of Sports Fan Behavior compiled by SBRnet*, licensed apparel sales are down coming out of the pandemic for four of the seven major team sports. The study surveyed 6,500 sports fans ages 13 years and older. Licensed product sales make up one of the 58 categories of data covered. The […]
Camping World’s Acquisition Of Bowling RVs Falls Through
Due to unforeseen circumstances, Camping World Holdings, Inc.’s previously-announced acquisition of Bowling Motors and RV Sales fell through, according to a press release from Bowling.
Fleet Feet Rockford Joins Fleet Feet Chicago
Specialty running store franchise DLZIMCO.Inc, owner-operators of Fleet Feet Chicago, has acquired Fleet Feet Rockford, expanding the Fleet Feet brand across northern Illinois.
Kanye West Appoints Head Of Donda Industrial Design
Kanye West announced the appointment of veteran sneaker designer Steven Smith, head of Donda Industrial Design, the rapper’s latest design venture.
Vista Outdoor To Acquire Fox Racing
Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance.
SVSU Athletics partners with Nike, BSN
The Saginaw Valley State University’s (SVSU) Department of Athletics announced a partnership with Nike through BSN Sports beginning in the 2022/23 academic year.
Stan’s NoTubes Founders Retire, Zabel Companies Future Partners
Stan’s NoTubes announced the departure of its founders Stan and Cindy Kaziatek. Company president and longtime brand development partner Mike Bush will remain as president and CEO with support from new investment partners, Zabel Companies.
National Park Trust Announces New Board Chair
Bill Brownell, the longtime chair of the National Park Trust’s Board of Trustees, is stepping down after 16 years. Scott Stone succeeds Brownell.
