The Tennis Industry Association’s latest “2020 Tennis Industry COVID-19 Impact Studies” report for July finds approximately 85 percent of tennis retailers and facilities operators said they were open in the July survey, up from about 36 percent in the May survey.
Month: August 2020
Winchester Q2 Sales Expand 17 Percent
Winchester’s sales for the second quarter were $192.6 million compared to $164.9 million in the second quarter 2019, a gain of 16.8 percent, according to the quarterly report of its parent, Olin Corp.
Adidas Group Posts Q2 Loss On COVID-19 Impact; E-Commerce Nearly Doubles
Adidas Group second-quarter revenues decreased 34 percent in currency-neutral terms. Sales at brand Adidas declined 33 percent in the second quarter, and Reebok revenues were down 42 percent reflecting the brand’s higher exposure to the U.S. market.
Camping World Triples Q2 Net Income On 9 Percent Sales Gain
Camping World Holdings, Inc. reported revenue increased 9.0 percent, or $132.4 million, to $1.61 billion for the second quarter ended June 30. Net income increased 210.2 percent to $163.2 million and net income margin was 10.2 percent for the second quarter.
The VF Foundation Announces $7.3 Million In Community Investments
The VF Foundation, the private grantmaking organization funded by VF Corp., announced the recipients of its gifting cycle totaling $7.3 million in investments to 80 organizations around the world.
Fox Factory Revenues Decline 4.7 Percent In Q2
Fox Factory Holding Corp. reported earnings on an adjusted basis fell 25.9 percent in the second quarter ended July 3 as revenues declined 4.7 percent. The sales decline reflects a 14.5 percent decrease in Powered Vehicles Group sales, partially offset by a 10.0 percent increase in Specialty Sports Group sales.
Fitbit Sees 17 Percent Q2 Revenue Decline
Fitbit Inc., which has agreed to a merger with Google, reported sales fell 16.7 percent in the second quarter, to $261.3 million from $313.6 million a year ago.
Benelli USA Adds Firearms Industry Vet As VP Sales
Benelli USA has hired Lee Colquitt as VP of sales, setting the strategic direction for all sales and channel initiatives within the U.S. market for the Benelli, Franchi, Stoeger and Uberti brands.
Archery Trade Association Board Voted In New Executive Committee
The Archery Trade Association (ATA) Board of Directors voted a new Executive Committee into office and installed a new chair and two new vice-chairs to the Committee.
Sierra Bullets Appoints New President
Clarus Corp’s subsidiary Sierra Bullets, L.L.C. has appointed Keith Enlow to president, effective August 17.
Davidson’s Taps Lester To Lead Marketing Efforts
Scott Lester has joined firearms distributor Davidson’s as the director of marketing. In his new position, Scott will lead the marketing team, which will encompass print, digital, and web design.
Titleist Parent Sees Robust Recovery In Q2 As Golf Courses Re-Open
Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, said that after a brutal first two months of the second quarter due to store and golf-course lockdowns, sales bounced back strongly in June, accelerated in July, and are expected to continue strong through the third quarter. Said David Maher, Acushnet’s president and CEO, on a conference call with analysts, “The game and business of golf have been incredibly resilient.”
Wolverine Worldwide Gets Q2 Lift From E-Commerce, Active Trends
Wolverine Worldwide’s sales in the second quarter fell 39 percent but came in significantly better than internal expectations due to a 96 percent hike in online sales and strong trends towards the end of the quarter around outdoor, run and work. Said Blake Krueger, chairman, CEO and president, “The company’s performance significantly exceeded our expectations entering the quarter on virtually every financial metric.”
Planet Fitness Sees Surprise Q2 Growth In Member Joins At Opened Stores
Planet Fitness Inc. only saw a modest decline in membership across its open facilities through the end of its June quarter as new member “joins” for the quarter outpaced the rate in the year-ago quarter.
Boot Barn Report Draws Clear Correlation Between COVID-19 Cases And Store Comps
Company President and CEO James Conroy opened the call for the fiscal first quarter saying that they have seen “a strong correlation, both up and down, between the number of positive COVID-19 cases in specific geographies and the virus impact on consumer sentiment and retail store traffic.”
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal