Dorel Industries Inc. reported sales at its Dorel Sports cycling segment rose 13.8 percent in the fourth quarter. Demand for bikes remains strong with the gains held back by supply chain constraints that are limiting component availability.
Month: March 2021
Yue Yuen Sales Vault In February
Yue Yuen reported sales rose 77.0 percent to $755.5 million in February from $426.8 million a year ago. The year-ago period was impacted by the initial onset of the pandemic.
Retail Imports Expected To Grow Dramatically During First Half
Imports at the nation’s largest retail container ports are expected to grow dramatically during the first half of 2021. According to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates, increased vaccination and continued in-store safety measures enable additional shopping options.
Kohl’s Comments On Activist Investors’ Announcement
Kohl’s Corp. has issued a statement in response to an Activist Investor Group’s attempt to nominate five directors to its 12-member board.
Vail Resorts Sees Improving Visitation Rates
Vail Resorts Inc. reported total visitation across its North American destination mountain resorts and regional ski areas were down 5 percent in the second quarter. Season-to-date total skier visits through March 7 were down 8.2 percent.
Tilly’s Q4 Profits Climb 41 Percent
Profits at Tilly’s Inc. jumped 41.3 percent in the fourth quarter ended January 30 as sales rose 3.2 percent. Results exceeded Wall Street’s targets.
Zumiez’s Q4 Profits Climb 13 Percent
Zumiez Inc. reported earnings rose 12.9 percent in the fourth quarter ended January 30 on a 4.7 percent same-store gain.
Topgolf’s Debt Ratings Upgraded
Moody’s Investors Service upgraded Topgolf International, Inc. following its acquisition by Callaway Golf. Moody’s expects the acquisition to further enhance Topgolf’s liquidity position and investment flexibility, although Callaway will not guarantee Topgolf’s outstanding debt.
New Winter Records In Occupancy And Rate For Southeast Lodging Properties
Global tourism suffered due to COVID-19 but resort properties in Florida, Georgia and South Carolina flourished, setting all-time highs for winter occupancy as the season wrapped up on February 28, 2021. The results were released by DestiMetrics.
Inside The Call: Journeys Rides Strong Casual Trend To Record Quarterly Operating Earnings
Journeys reported same-store sales rose 2 percent for its first positive comp since the pandemic emerged on strong appeal for casual footwear offerings, according to the fourth-quarter report of parent, Genesco Inc. Said Mimi Vaughn, Genesco’s CEO, “Comfort reigns as the fashion choice of the pandemic.”
Inside The Call: Bogs Seeing “Very Strong” Backlogs After Second-Half Recovery
Bogs saw North American revenues on a wholesale basis increase 5 percent in the fourth quarter to end with flat sales for the year, according to the outdoor footwear brand’s parent, Weyco Group. Bogs’ backlogs are “very strong” due to boot shortages in the marketplace.
Costa Sunglasses, Ferg and Spearo, Available In XL
Costa is expanding its core performance sunglass line for anglers to include extended sizing in its Ferg and Spearo frames. The Ferg offers a 580 polarized color-enhancing lens with top and side hoods for eye protection. Hydrolite nose pads and temple grips keep glasses in place. A vented and fully-adjustable nose pad offers a customized […]
Honey Stinger Partners With NBA Pro Baller James Wiseman
Honey Stinger announced its partnership with NBA pro baller, James Wiseman, selected as the second overall NBA draft pick in 2o2o. As part of its partnership, Honey Stinger and Wiseman will donate Honey Stinger products to underserved kids in two San Francisco Bay Area youth organizations—Student Program for Athletic & Academic Transitioning (SPAAT) and the […]
Activist Investor Group Reduces Kohl’s Director Nominees To Five From Nine
A group of activist investors with a combined 9.5 percent stake in Kohl’s Corp on Thursday reduced the number of directors it plans to nominate to the retailer’s board from nine to five, according to a filing with the Securities & Exchange Commission.
Royal Robbins Opens Retail Store On Newbury Street In Boston
On March 7, Royal Robbins opened its first retail store in downtown Boston located at 304 Newbury Street. The 1,000 square-foot store is located in Boston’s Back Bay and down the street from its sister brand, Fjällräven.
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