Legendary Headwear, the manufacturer of the caps in the sports and outdoor markets, has tapped Andy Gilkison as their senior director of sales and marketing. His previous roles include national sales manager at Ogio and head of golf accessories at Puma.
Month: August 2020
Zalando’s Revenues Climb 27.4 Percent In Q2
Zalando, a leading online platform for fashion and lifestyle in Europe, reported revenues rose 27.4 percent in the second quarter to €2.03 billion.
Maria Sharapova Invests In Therabody
Therabody, formerly known as Theragun, announced that tennis champion and entrepreneur Maria Sharapova has made an investment in the company while also joining Therabody as a member of its Advisory Board.
Camtrade Footwear Announces Name Change To The Enjoiya Group
Camtrade LLC, the women’s wholesale footwear business, has announced that it will be operating under a new company name, The Enjoiya Group LLC, effective immediately.
Addaday and Medi-Dyne Forge New Partnership To Create Market Opportunities
Medi-Dyne, a producer of pain relief and prevention products today announced a partnership with Santa Monica, CA-based Addaday, Inc., a manufacturer of massage and stretching products.
Inside The Call: Nautilus Sees Long-Term Benefits As COVID-19 Changes Behaviors
Nautilus Inc. reported its strongest year-over-year growth since becoming a public company as the at-home fitness trend took off during the coronavirus crisis. On a conference call with analysts, James Barr, CEO, said he sees temporary and long-term boosts for the company.
Inside The Call: Clarus Sees Slow Recovery For Black Diamond
Clarus Corp. reported sales slumped 36.2 percent in the second quarter, to $30.0 million. A sales plunge of 47 percent at Black Diamond was only partly offset by a 7 percent gain at Sierra Bullets. Black Diamond’s climbing business is expected to slowly improve in the second half while the ski side is projected to find a boost from heightened interest in backcountry skiing.
SoulCycle To Launch Outdoor Cycling Classes
SoulCycle, the boutique spinning studio, is launching an outdoor variation of its cult-favorite workout, named SoulOutside.
Delta Apparel Returns To Growth In July
Delta Apparel Inc. reported net sales in July grew over 10 percent compared to the prior year period, with growth in each of its business units. The Delta Group and Salt Life segments reported year-over-year growth of 9 percent and 23 percent, respectively, in July.
Canada Goose’s Q1 Sales Plunge
Canada Goose Inc. reported sales collapsed 63.3 percent in its seasonally-slow first quarter ended June 28 due to the impact of store closings due to COVID-19 and slow reopening phases. The loss widened in the period. The company now expects a decline in wholesale segment sales in its fiscal year.
Dorel Sports’ Q2 Sales Jump 18.5 Percent
Dorel Industries Inc. reported operating profits nearly tripled at its Q2 segment in the second quarter as sales rose 18.5 percent. The segment includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Sales were limited by a lack of supply of certain models despite Asian suppliers re-opening in February.
Clarus’ Q2 Sales Slide 36 Percent
Clarus Corp., the parent of Black Diamond and Sierra Bullets, reported a modest net loss in the second quarter ended June 30 as sales fell 36.2 percent due to store closures. Sales trends in both brands have continued to improve since the close of the quarter as stores have reopened.
Nautilus’ Q2 Revenues Skyrocket 94 Percent
Nautilus Inc. reported sales grew 93.5 percent in the first quarter, driven primarily by strong demand for cardio and strength products, particularly our connected-fitness bikes, Max Trainer and treadmills, as well as sizeable backlog orders. Strong customer preference for its Bowflex and Schwinn products drove record-setting traffic depleting its entire stock of consumer products
TruFood Manufacturing Acquires Simply Natural Foods
TruFood Manufacturing, the maker of branded and private-label nutrition bars, protein bars, chocolate molded products, and baked goods, has acquired Simply Natural Foods, co-manufacturer of nutrition and better-for-you chocolate and bar brands for CPG companies as well as private label customers.
FortNine Secures Equity Investment
Novacap, one of Canada’s leading private equity firms, announced that it has acquired an interest in FortNine, a leading e-commerce platform for motorcycle, dirt bike, ATV, snowmobile and other powersports gear, accessories and parts in Canada.
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