Macy’s Advances “Bold New Chapter”; Appoints New Finance Head
Capri Holdings’ finance and operations head, Thomas J. Edwards, will become chief operating officer and chief financial officer at Macy’s, Inc., effective June 22.
BRP Inc. and Bryton Marine Group Ink Deal for Alumacraft Divesture
BRP earlier this week reported the sale of its Telwater business, which includes the Quintrex, Stacer and Savage brands. BRP plans to sell its Marine businesses to double down on its core Powersports activities.
Marathon Sports Acquires Fleet Feet Maine Running
Fleet Feet Maine Running, the two-store specialty store based out of Portland, ME, has concluded the sale of its specialty running business to Marathon Sports, a 26 location New England running specialty store brand based in Boston.
Sportsman’s Warehouse Swings to Adjusted Net Profit in Q4 on Flattish Comp Sales
On a comparable 13-week basis, fourth-quarter net sales decreased 0.9 percent compared with the fourth quarter of fiscal 2023. Same-store sales declined 0.5 percent year-over-year on a 13-week comparable basis.
Birkenstock Opens Tenth U.S. Retail Store in Nashville, TN
Birkenstock Nashville, located at 2212 12th Avenue South, hosted an opening event on March 27. Birkenstock created a campaign that spotlights the locals who shape the city’s culture and long-time Birkenstock wearers, captured by photographer Cristina Fisher.
ElliptiGo Promotes Bryce Whiting to Chief Executive Officer
Co-founder and outdoing CEO Bryan Pate will continue to be involved with ElliptiGo as CEO of PT Motion Works, the parent company of ElliptiGo and Gibbon North America.
FDRA: Most Footwear Execs Surveyed See Weakening Business Ahead
The Q1 survey conducted among footwear execs reportedly shows a significant decline in industry confidence, with 87 percent of respondents expecting a weaker economy over the next six months – the most pessimistic outlook in the survey’s history.
Crunch Franchise to Open Crunch Gyms in Austin and Tulsa
Operated by Crunch Fitness franchisee The Undefeated Tribe, Crunch South Park Meadows in Austin, TX, a 45,000-square-foot fitness facility and Crunch Tulsa Midtown in Tulsa, OK, a 42,000-square-foot facility, will both open in Fall 2025.
Celsius Holdings Completes Acquisition of Alani Nu
The acquisition, for $1.8 billion, includes $150 million in tax assets for a net purchase price of $1.65 billion, comprised of a mix of cash and stock.
PVH Corp. Shares Jump on Strong FY Finish, Positive 2025 Outlook
PVH shares jumped more than 15 percent in overnight trading. A supplemental announcement on Monday, March 31 may also have had an effect on the share gain as the company plans to enter into accelerated share repurchase (ASR) agreements.
Report: Taking a Global Pulse on Shopping with a Sustainable Mindset
To better understand the consumer perspective, Blue Yonder’s fourth annual Consumer Sustainability Survey surveyed more than 5,000 consumers across Australia and New Zealand (ANZ), France, Germany, U.K., and U.S. on their sustainable shopping opinions and behaviors.
Imperial Headwear Appoints Ryan Garrett as President of Pukka
Before his two-plus year stint in the Nike Headwear business, Garrett was with gearUp Sports for over a year and spent nine months at 3N2. He served for over seven years in various positions with BSN Sports, culminating in his role as a regional sales manager in 2014.
Beachbody Company Meets Top-line Estimates in Q4 but Earnings Missed
Revenue, despite the sharp decline in Q4, exceeded analyst estimates by 1.4 percent. Earnings per share (EPS) missed analyst estimates by 28 percent. Looking ahead, analysts are forecasting revenue to decline by 25 percent on average during the next 2 years.
Boar Products Enters Strategic Partnership with Steelhead Outdoors
The manufacturer of gun cleaning and maintenance products and Steelhead Outdoors, the Minnesota-based manufacturer of modular, American-made gun safes, are “giving gun owners the tools they need to protect and maintain their firearms for life.”
REI Co-op Names New Chief Merchant with Diverse Big Box Background
REI said Kristin Shane brings extensive experience across diverse consumer product and retail businesses, including The Guitar Center, PetSmart and Target.
