Ebay To Open First Sneaker Store In Los Angeles
Ebay’s “Wear ‘Em Out” sneaker store is scheduled to open on Fairfax Avenue in Los Angeles this Memorial Day weekend. It is the e-tailer’s first retail store devoted to sneaker sales.
Belk’s President Named Interim Chief Executive Officer
Belk announced that president Don Hendricks had been appointed interim chief executive officer. Hendricks replaces Nir Patel, who left the company to join GameStop as chief operating officer.
Five Iron Golf Tees To Open In Cleveland
Five Iron Golf signed a lease at 1101 Euclid Avenue in Euclid Grand, OH, occupying approximately 16,000 square feet of ground-floor retail space; this is its second location in Ohio and the seventh in the Midwest with three current Chicago locations and two more in development in Michigan.
Camping World Acquires Richardson’s RV Centers
Camping World Holdings, Inc. announced an agreement to acquire Richardson’s RV Centers, adding to its position as the largest RV dealer in California.
Woolrich Sees 22 Percent Growth In 2021
Woolrich, acquired by Luxembourg private equity fund L-Gam in 2018, saw sales rise 22 percent sales in 2021, due mainly to investments in expanding direct-to-consumer sales, according to a report from WWD.
True Spec Golf Opens Denver Custom Fitting Studio
True Spec Golf announced that its seasonal Denver studio will open on May 24 for the 2022 season.
Rally House Opens Additional Store In Indianapolis
Rally House opened a new store in Plainfield, IN, joining several locations in the Indianapolis area.
Mammut Appoints New CEO
The Swiss outdoor company Mammut Sports Group AG has appointed Heiko Schäfer as CEO, effective September 1, 2022. Previously, Schäfer was the chief operating officer of Hugo Boss AG.
DSW Appoints President
Designer Brands, Inc. named Doug Howe as president, DSW Designer Shoe Warehouse, and executive vice president of Designer Brands, effective late May.
Foot Locker Beats Earnings Targets In First Quarter
Foot Locker reported first-quarter results declined against challenging year-ago comparisons but earnings topped Wall Street estimates. Foot Locker now expects earnings and sales for the year to arrive at the upper end of revenue and earnings guidance.
President Of Performance Lifestyle At Deckers Brands, To Step Down
Wendy Yang, president of Performance Lifestyle at Deckers Brands, is stepping down, effective at the end of the month. The company said Yang would remain in a consulting role through August 15 to allow for a smooth transition.
Ross Stores Lower Annual Guidance
Ross Stores, Inc. reduced its guidance for sales and earnings in the full year due to a shortfall in same-store sales in the first quarter.
Deckers Brands Q4 Blows Past Wall Street Targets
Deckers Brands reported earnings vaulted 106 percent in the fiscal fourth quarter ended March 31 as sales gained 31.2 percent. Sales gained 24.7 for Ugg and 59.7 percent for Hoka One One. Sales for the year grew 24 percent and the company guided FY23 growth to be in the range of 10 percent to 11 percent.
VF Corp.’s Fourth Quarter Boosted by The North Face
VF Corp. reported sales rose 12 percent on a currency-neutral basis in the fiscal fourth quarter ended April 2 with sales ahead 24 percent for The North Face and 2 percent for Vans. Earnings per share were ahead 67 percent with both earnings and sales in line with Wall Street targets. For the current fiscal year, VF’s revenue is expected to climb at least 7 percent in constant dollars with low double-digit growth at The North Face and mid-single-digit growth at Vans.
Pelican International Acquires GSI Outdoors
Pelican International, Inc, has acquired a majority stake in GSI Outdoors. The acquisition is part of Pelican’s push to diversify its offering in the North American and international outdoor market.
