Thule Raises Long-Term Growth Goals
Thule Group raised its long-term growth targets after reporting sales jumped 38 percent on a currency-neutral basis in 2021. The higher growth target also reflects its plan to enter two new categories, car seats and dog transport products.
Puma Appoints Supervisory Board Chair
Puma SE appointed Héloïse Temple-Boyer to chair of its supervisory board. She succeeds Jean-François Palus.
Asics North America Delivers Fifth Consecutive Quarter Of Positive Growth
Asics reported that despite strong sales in North America, net sales decreased 1.1 percent to ¥105,329 million ($822 mm) due to production disruptions caused by shutdown of some factories. In North America, sales increased 12.2 percent to ¥21,112 million ($165 mm).
SportChek’s Comps Jump 10 Percent In First Quarter
Canadian Tire Corp. reported retail sales at SportChek increased 4.5 percent in the first quarter, and comparable sales were up 10.2 percent over the same period last year. Helly Hansen’s sales were up 24 percent. Canadian Tire’s consolidated comparable sales, excluding petroleum, grew 6.4 percent in the first quarter.
Solo Brands Reports 19 Percent Growth In First Quarter
Solo Brands, Inc. significantly narrowed its loss in the first quarter ended March 31 as sales grew 19.1 percent.
Solo Brands Appoints CFO And Board Members
Solo Brands, Inc. announced the appointment of Somer Webb as chief financial officer as well as two board members, Mike Dennison and Dave Powers.
TravisMathew First Brand To Open Storefront At St. Andrews
TravisMathew, the men’s golf and lifestyle brand, announced a partnership with St Andrews Links to open a storefront at the Old Course, making it the first brand with an on-site retail presence.
Stix Golf Closes $10 Million Funding Round
Stix Golf, the start-up maker of golf clubs, announced the close of a $10 million Series A financing round with notable contributions from existing and new investors including Verance Capital, 2.0 Ventures, and Spacestation Investments.
Bollé Brands Appoints Three North American Execs
Bollé Brands Group, Bollé, Serengeti, and Bollé Safety, appointed a vice president, head of specialty sales, e-commerce director, and a senior vice president, finance and operations to support its North American operations.
Kohl’s Shareholders Vote Against Activist’s Bid To Shake Up Board
Kohl’s shareholders voted to re-elect all 13 members of its board of directors, rejecting an attempt by the activist investor Macellum Advisors to replace up to ten of the board members.
Trove Appoints CEO
Trove, the specialist in re-commerce, announced that its President, Gayle Tait, has been promoted to CEO effective immediately. Andy Ruben, who has been CEO since he founded the company in 2011, will transition to executive chairman.
Speede Fitness Appoints Chief Athletic Officer
Speede Fitness, a Chicago-area strength training company launching a fitness machine this summer, announced that UFC fighter Michael Chandler accepted the position as chief athletic officer, effective immediately, recruiting professional athletes to the brand and advising the company on workout programming.
GSM Outdoors Names Brand Manager For GSM Fishing
GSM Outdoors announced the hiring of Wes Higgins as the newest brand manager for GSM Fishing.
Caza Outdoors Appoints GM And Sales Director
Caza Outdoors, LLC appointed industry veteran Phil Dalrymple as GM of Pnuma Outdoors and Heated Core. Rusty Smith, chief programs officer, was promoted to sales director for Pnuma Outdoors and Heated Core, of Caza Outdoors.
Boot Barn Sales Climbed 48 Percent
Boot Barn Holdings Inc. reported net earnings jumped 81.7 percent in the fiscal fourth quarter ended March 26 as sales grew 48.1 percent. The footwear retailer raised its store count potential to 900 stores from 500.
