May 20, 2022
The bottom line dropped 34% in the first quarter to $133 million from $202 million, on sales that inched up 1% to $2,175 million from $2,153 million, helped by the addition of WSS and Atmos.
The Indonesian retailer saw its largest growth in a quarter as net income soared to IDR 170,312 million ($12 mm) in the first quarter from IDR 638 million, on a 50% increase in revenues of IDR 1,916,548 million ($134 mm), up from IDR 1,275,864 million.
The venerable outdoor brand, which is now owned by Luxembourg-based investment company L-GAM, reported a 22% sales increase in 2021 compared to the previous year.
The former Kohl’s chief merchandising officer, Doug Howe, who departed KSS earlier this week, has been named EVP and President of DSW Designer Shoe Warehouse, reporting to DBI CEO Roger Rawlins.
Mammut Sports Group has appointed the former chief operating officer of Hugo Boss AG, Heiko Schäfer as its new CEO, effective Sep. 1, 2022.
Maier, who was previously head of United Wheels’ Allite brand, has been named president and COO of the company, succeeding the retiring Claude Jordan at the parent of Huffy, Royce Union Buzz, 9Niner, Vaast and Batch.
The long-time executive in the outdoor apparel industry, who was vice president of sales for Terramar Sports for 26 years, died on May 11.