SGB Update

Honey Stinger CEO To Step Down

With its equity partner, Factory-LLC, Honey Stinger announced its CEO Mike Keown would step down for personal reasons at the end of the year.

Shoe Carnival Announces Acquisition Of Shoe Station

Shoe Carnival, Inc. announced that it had acquired substantially all of the assets of privately-held, family-owned Shoe Station, Inc., which operates 21 stores in five Southeastern states. The Shoe Station assets were acquired for $67 million.

Genesco’s Q3 Revenues Expand 25 Percent

Genesco Inc. reported sales net income gained 69 percent in the third quarter. Net sales increased 25 percent from last year and grew 12 percent over the third quarter two years ago. Results were well ahead of Wall Street’s targets.

Hibbett’s Q3 Comps Gain 13 Percent

Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street’s targets.

Bass Pro And Sportsman’s Warehouse Call Off Merger

Great Outdoors Group, owner of the Bass Pro, Cabels’a and White River Marine Group, and Sportsman’s Warehouse Holdings Inc. have called off their merger deal, according to a regulatory filing on Thursday.

Zumiez’s Q3 Earnings Expand 5.5 Percent

Zumiez Inc. reported third-quarter earnings grew 5.5 percent as sales advanced 6.8 percent. Earnings marked a record and topped Wall Street targets.

Jordan Brand Chief Marketing Officer Exits

Sean Tresvant, most recently chief marketing officer for Nike’s Jordan Brand, has been named Global Chief Brand Officer for Taco Bell, effective January 10, 2022.