EXEC: Big 5 SG Suspends Dividend as Q2 Comps Fall 10 Percent and Losses Widen
Second quarter results were said to be consistent with the retailer’s guidance range, as “customers continue to feel the ongoing and cumulative impact of inflationary pressures on their discretionary spending.”
Rocky Brands Trims Q2 Loss as Sales Slip 1.6 Percent
Rocky Brands Inc. reduced its loss in the second quarter ended June 30 with the aid of higher gross margins and lower expenses. Sales in the period were down 1.6 percent, but grew 6.1 percent adjusted for the divestiture of the Servus brand.
TruGolf Links Inks First Regional Development Franchise Deal
The deal with Central New Jersey entrepreneur Nicholas “Nick” Reimondo spans from Bucks County, PA, into Central and Northern New Jersey. The agreement includes the rights to open 40 locations.
PickleRage Hires New VP of Franchise Development
The company added Eric O’Connor to its leadership team as VP of franchise development in an effort to strengthen the brand’s expansion efforts and streamline systems for franchisees.
Report: Wildfires Increasingly Disrupt Camping Plans
With over one hundred wildfires burning across Oregon alone and several air quality advisories issued, officials have closed almost 50 of the state’s most popular hiking and camping sites disrupting the camping and outdoor industries for the foreseeable future.
JD Sports Warehouse Workers in England Face Job Cuts
“Around 200 workers” are impacted, as one staff member said that the consultation period should be concluded by September 6. JD Sports’ nearby distribution center in Rochdale (Kingsway), England, is not affected.
Rip-It Sports Hires First Chief Marketing Officer
Amy Craven was formerly the director of brand and global advertising for American Airlines. Her appointment follows Janelle Anderson’s recent naming as Rip-It Sports’ new CEO in April.
Brooks Running Shares Q2 Performance Metrics
Double-digit growth in its Wholesale and DTC channels drove a 15 percent year-over-year increase compared to the 2023 Q2 period.
Brooks Running Appoints New President & COO and New EMEA Chief
Brooks Running promoted Matt Dodge to president and chief operating officer, effective August 1, and hired Josh Vaughan, former EMEA general manager for Icebreaker and Smartwool, to fill Dodge’s former role in Europe.
Omega Capital Closes Investment in New Fund
The strategy for Fund II is expected to largely follow that of Fund I, investing $3 million to $10 million in growth equity or buyout transactions in Oklahoma and surrounding states in healthcare, outdoor products and aviation.
Qurate Hires Head Merchant for QVC U.S. Unit
Mara Sirhal will report to Mike Fitzharris, president of QVC US. Most recently, she was the chief merchant and brand officer for Saks Off 5th.
Rambo Bikes Taps Indie Sales Agency for Western U.S.
Leisure Sales will represent Rambo Bikes across key territories, including California, Oregon, Washington, Nevada, and Arizona.
L Catterton Appoints Global Head of Sustainability
Devon Leahy joins the company from Ralph Lauren, where she was the global head of sustainability for the past five years. Previously, she held senior strategy and sustainability-focused roles at Etsy and Walmart
Reebok Secures Outerwear Licensee for the UK and Europe
Authentic expanded its partnership with Focus Brands to include designing, manufacturing and distributing Reebok-branded outerwear across the UK and Europe for men, women and kids.
Outdoor Recreation Roundtable Appoints Three to Board of Directors
ORR appointed attorney and Native American advocate Charles W. Galbraith, HR and DEI specialist Chandria Harris and Renee Jones, vice president of marketing for Thor Industries, to its Board of Directors.
