July 10, 2023
Sales in HELE’s Home & Outdoor segment, which includes Hydro Flask and Osprey Packs, declined 7% to $217,144,000 from $234,263,000 for the fiscal first quarter ended May 31, as Osprey gains were offset by bottle and housewares declines at Hydro Flask and Oxo.
Despite inking a tentative six-year contract agreement at West Coast ports last month, retailers are closely monitoring labor disputes at ports in western Canada and a potential Teamsters strike against UPS, according the NRF and Hackett Associates’ Global Port Tracker.
The executive exodus at The Big a continues as Amanda Rajkumar, global head of human resources, has decided to depart the company and will not to seek an extension of her three-year contract ending this Dec.
Levi Strauss’ yoga brand accelerated sequentially in the fiscal second quarter ended May 28, expanding 28% driven by DTC strength, and is up 19% for the first half.
Wolverine Worldwide entered into a fourth amendment to its credit agreement, raising the maximum consolidated leverage ratio from 4.5x to 4.875x for the remainder of fiscal 2023.
DBI’s modified Dutch auction tender offer, which expired on July 7, saw shareholders tender a total of just 1,470,832 of its Class A shares at a price of $10.00 per share, the top of its raised $8.75 to $10.00 range.
Gridiron Capital-backed GSM Outdoors has added another fishing lure brand to its portfolio, continuing its aggressive expansion in this space.
The outdoor sports distributor elevated its SVP of sales and merchandising, 13-year company veteran Brian Phillips to lead the company as president, and made a number of other changes in the executive suite.
The clogmaker and Heydude parent is suing former executive Kellen McCarvel and his company Joybees in CO district court, claiming he left Crocs with a trove of several thousand highly confidential business secrets.
Woom Bikes USA is recalling about 84,533 Original kids’ bicycles because the stem and handlebar on the bikes can detach and cause riders to lose control.