November 21, 2022 Forecasts Call For Thanksgiving Weekend Sales Gains
Shoppers are expected to be out in force on Black Friday and total Thanksgiving Weekend sales are looking positive despite inflationary pressure, multiple firms are guiding, while a repeat of 2021’s large pull forward looks to be a mixed bag. Fila Resets Global Product, Innovation Organization
The sportswear brand has assembled two new teams to oversee all aspects of global product development and technology, with a Global Design Team led by Torsten Hochstetter and a FUTURA Innovation Team led by former Adidas exec, Mikal Peveto. Eagle Nice Soars Lapping Vietnam Covid Closures
Net income attributable to shareholders jumped 43% to HKD 239,111,000 ($30.5 mm) from HKD 167,676,000 in the fiscal first half ended Sep. 30, as revenues grew 26% to HKD 2,547,555,000 ($324.5 mm) from HKD 2,018,830,000, rebounding from last year’s Vietnam factory closures. Newell’s Outlook is Stable, Moody’s Says
The ratings agency affirmed Newell’s Ba1 corporate family and other ratings, while acknowledging that the company’s outdoor & recreation brands and other consumer products would face difficult comparisons against pandemic-driven sales levels. Sports, Inc. Plans Leadership Transition
The buying group is elevating Travis Elam, its current director of team sports, to succeed Todd Adams as CEO effective Jan. 1 in a planned leadership transition. Yeti Sues Over Tumbler Knockoffs
Yeti is suing Last Brand, Inc. (dba Quince) in West TX district court for selling 20 oz. tumblers that it says infringe on the Rambler Tumbler trade dress. Etcetera: Adidas, OrthoLite, 1791 Outdoor, Allbirds, Herschel, Rally House, On, Nidecker
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