Redding Reloading Equipment Appoints Head Of Manufacturing
Redding Reloading Equipment announced the promotion of AJ Ferris to vice president of manufacturing operations. He joined the company in 2010 as a member of the customer service department.
Macy’s Appoints Two Board Members
Macy’s Inc. announced the appointment of Marie Chandoha, former president and chief executive officer of Charles Schwab Investment Management, and Jill Granoff, managing partner of Eurazeo and chief executive officer of Eurazeo’s Brands division, to its board of directors.
Zeal Optics Names North American Director Of Sales
Zeal Optics announced that Jesse Colombo joined the company as North American director of sales, effective March 28. He was at Maui Jim.
Unlimited Footwear Group And Gap Announce Licensing Agreement
Unlimited Footwear Group (UFG) announced a strategic licensing partnership with Gap, Inc. to design, produce and distribute Gap branded footwear in the EU, the UK, Switzerland, and Scandinavia. The deal was brokered by IMG.
OrthoLite Announces New Sales Manager For Portugal
OrthoLite expanded its global sales management team in Europe, appointing Marisa Costa as sales manager for Portugal.
Cocona Labs Names Chief Product Officer
Cocona Labs has hired Wes Burgess as its Chief Product Officer. Burgess steps into the role after working with Cocona Labs for nearly ten years and, most recently, as vice president, sales, engineering and business development.
Sportsman’s Warehouse’s Q4 Revenues Decline 5 Percent
Profits at Sportsman’s Warehouse Holdings Inc. declined 34.3 percent on an adjusted basis in the fourth quarter ended January 29 as sales declined 5 percent.
Lululemon Q4 EPS Beats Guidance
Lululemon Athletica, Inc. reported earnings on an adjusted basis rose 30 percent in the fourth quarter ended January 30 as comparable sales increased 22 percent. Earnings came in above updated guidance provided on January 10.
TJX Boosts Dividend By 13 Percent
The TJX Companies Inc. announced that its Board of Directors has raised the amount of its quarterly dividend by 13 percent from the last dividend paid.
Obit: George Dickerman
George Dickerman, former president of Spalding Sports Worldwide, passed away at the age of 83.
New Balance Officially Opens Methuen Factory
New Balance, on Monday, officially opened its new athletic footwear factory in Methuen, MA. The 80,000-square-foot facility, which underwent a $20 million renovation, began production in January 2022.
Boardriders’ Debt Ratings Downgraded
Moody’s Investors Service downgraded Boardriders, Inc.’s debt ratings due to continued cash outflows in part driven by investments to support its business transformation, weak credit metrics and near-term debt maturities.
Gildan Inks Green Credit Agreement
Gildan Activewear has amended and restated its $1 billion, 5-year revolving credit facility to incorporate sustainability-linked terms that adjust the borrowing costs based on the company’s performance on ESG goals.
Wicked North Acquires Big 8 Products
Hunting manufacturer and lifestyle brand Wicked North Gear (dba Wicked North) announced it completed the acquisition of DIY taxidermy manufacturer, Big 8 Products.
Academy Sports’ Q4 Comps Expand 13 Percent
Academy Sports + Outdoors reported comparable stores jumped 13.1 percent in the fourth quarter and 18.9 percent in the year ended January 29. Adjusted earnings in the quarter grew 40.9 percent, exceeding Wall Street targets. Academy predicted sales in the current year would decline 1.6 percent at the mid-point of its range but be up 38.0 percent versus the pre-pandemic 2019 period.
