January 12, 2023 Hanesbrands’ Q4 Sales Exceed Guidance
The Champion parent updated its outlook for the final quarter, and is now expecting revenues to come in slightly above its guidance range of $1.40 to $1.45 billion, generating adjusted operating profit at the midpoint of its $70 to $100 million range. Compass Diversified Selling Advanced Circuits
CODI, which owns several sporting goods industry brands including Boa, 5.11, Velocity Outdoor, Marucci, and the recently acquired PrimaLoft, is selling Advanced Circuits for $220 million to APCT, Inc. Mark Parker Named Chairman of Disney
Nike’s executive chairman and former CEO, who has also been a Disney director since 2016, was elected independent chairman of the DIS board. Specialized Laying Off 8% of Workforce
Specialized Bicycle Components announced that it is in the process of a “transformation” that will include cuts to about 8% of worldwide staff, include corporate locations and retail stores. Cleveland REI Workers File for Union Vote
Following two successful efforts at the outdoor co-op’s SoHo and Berkeley stores, workers at REI’s Orange Place store in Beachwood, OH, near Cleveland have filed a petition for a union election with the National Labor Relations Board. Nike Sets Design Vision in New Book
Nike is releasing No Finish Line, a new book that celebrates its 50 years of design and innovation in sports while setting a vision for the next 50 years. Etcetera: Salomon, PrimeAsia, Gymshark, Fitbench, Under Armour, PXG Golf, Wilson
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