Global net sales increased 18.1 percent year-over-year aided by Yen depreciation overseas., reflecting strong demand globally despite concerns over inflation, economic slowdown and geopolitical risks.
Month: August 2023
Pelican Products Doubles Down on U.S. Manufacturing at CA Plant
The company recently fired up what’s believed to be the largest injection molder in the Western United States. Nicknamed “Thor,” and equipped with 3000 lbs of clamp pressure, the machine can pump out a new Pelican case every 209 seconds.
YogaSix Hits Key Milestone with Over 600 Signed Franchise Agreements
The company said expansion in key markets such as Alexandria, VA; Los Angeles, CA; Boston, MA; and Long Island, NY would fuel the brand’s yoga experience that includes six core formats.
WellnessSpace Brands Hires Fitness Industry Vet as VP of Sales
WellnessSpace Brands, a developer of experiential wellness products, hired industry veteran Eric Jaworsky as VP of sales.
EXEC: Topgolf Callaway Leadership Talks Up Modern Golf Trend, Q2 Results, IT Incident
CEO Chip Brewer noted that the company hopes to clearly explain the short-term volatility and highlight the long-term positive story of continued improvement in the earnings power of the business and the resilience of the core Modern Golf consumer.
Cordura Brand Appoints European Business Development Manager
Invista’s Cordura brand hired Ruud Vermeij as European business development manager for the Cordura brand, responsible for developing and executing the commercial strategy for growing its consumer business in Europe.
Ripton Redefines Active Denim With Hiker and Performance Jeans
Ripton, the performance denim brand, launched long Jorts for men and women and Hiker jeans. “We are bringing a new energy to the outdoor and denim industry,” said Elliot Wilkinson-Ray, founder and CEO of Ripton. “It was a bit of a no-brainer to join the largest category in denim with our floor-length jorts. Customer surveys […]
Isbjörn of Sweden’s Penguin Snowsuit Honored For 10th Year
Outdoor kids brand Isbjörn of Sweden reported that its Penguin Snowsuit won the Bäst-i-Test (Best in Test) award for the tenth consecutive year. The annual test is organized independently by the Scandinavian Online Test Institute Bäst-i-Test, but its kids who rigorously test the various snowsuits submitted for testing. During the coldest winter months in Sweden, […]
Norrøna Launches “Tailored for Her” Collection For Fall 2023
Norrøna, the family-owned Norwegian apparel and gear manufacturer, launched its Tailored for Her women’s-specific ski and mountaineering gear for Fall 2023. The collection was tested in collaboration with Norrøna’s U.S. women’s ambassador team, including skier and mountain biker Delilah Cupp, trail runner and surfer Robin Vieira, trail runner and backcountry skier Hilary McCloy, and skier […]
Beachbody’s Q2 Revenues Decline 25 Percent
The Beachbody Company, Inc.’s adjusted operating loss widened in the second quarter ended June 30 despite sales sliding 25.0 percent. The fitness subscription company said it made progress in restructuring its financial covenants while hiring Mark Goldston as executive chairman of its Board of Directors to support its turnaround efforts.
Topgolf Callaway Gets Double-Digit Q2 Lift from Topgolf; Callaway Flat
The revenue increase was said to be driven by strong 16.6 percent growth at Topgolf, including approximately 1 percent same-venue sales growth.The result came despite an $8.0 million negative impact from FX rate variances.
Allbirds Posts Q2 Loss on 10 Percent Sales Drop
Allbirds, Inc. reported a loss on a 10 percent sales decline in the second quarter but said it had made progress in its turnaround program focused on reducing inventory levels, lowering operating cash use and controlling expenses.
EXEC: Under Armour Reduces North America Guidance on Wholesale Softness
Under Armour reported results for the fiscal first quarter ended June 30 came in line with expectations amid progress reducing inventory levels while reiterating its overall guidance for the year. However, sales guidance was reduced for North America as the brand was unable to overcome due to stubborn challenges at U.S. wholesale.
Johnson Outdoors Hires Industry Vet to Run Fishing Business
The company hired Bill Kirchner as group vice president, Fishing segment, reporting to CEO Helen Johnson-Leipold and was appointed as a member of the company’s executive committee.
Crocs Refinances Term Loan
Crocs, Inc. announced a repricing of the $1.18 billion outstanding under its Term Loan B facility through a refinancing amendment which reduces the interest rate margins applicable to the facility.
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