Shoe Carnival, Inc. slightly lowered its outlook for the year as second-quarter earnings and sales missed analysts’ estimates. The family footwear chain said that while overall conditions improved from earlier in 2023, soft traffic results continued within lower-income households and urban markets to lead to a 6.5 percent same-store decline in the quarter.
Month: August 2023
Rally House Continues Growth In New Store Openings
Rally House opened five new stores in five states this past weekend, they follow the seven stores the retailer opened last weekend. It now counts 16 stores opened in August.
EXEC: Symphony Holdings Warns of Increased Loss for H1 Period
The company is the owner of the trademark and patent of compression wear brand Skins. The Group also operates the Pony footwear brand in APAC countries, excluding China and Taiwan regions, with Iconix International Inc.
BTS Study: Nike Losing Ground With Retailers as Others Gain Favor
Nike continues to be the most popular brand at retail for back-to-school (BTS) footwear by a wide margin, according to Stifel’s 16th Annual Back-to-School Athletic Footwear Survey of major athletic footwear sellers.
Amped Fitness Names First Franchise Partners
Amped Fitness continues expanding, introducing its first franchise partners, Matt and Kyana Carrico, to the Indianapolis market by 2024, according to CEO Travis Labazzo.
Report Forecasts Flattish Online Growth in U.S. for Holiday 2023
Salesforce’s 2023 Holiday Forecast calls for 4 percent global and 1 percent U.S. year-over-year online sales growth across November and December, reaching $1.19 trillion and $273 billion, respectively.
OrthoLite Bolsters Sales Team in China
OrthoLite added to its sales management team in China, appointing Chuck Yu as director of sales strategy and John Liu as sales manager.
Ace Pickleball Club Plans National Rollout
Ace Pickleball Club, an operator of indoor pickleball facilities, announced further expansion plans with over 50 franchises sold in the U.S., including Arizona, California, Florida, Illinois, Indiana, Michigan, New Jersey, New York, and Pennsylvania.
Golf Rounds Played Climb in July
Rounds of golf played advanced 3.2 percent in July and are running up 5.0 percent for the first seven months of 2023, according to Golf Datatech.
Mercury Marine, Labor Union Ink New Five-Year Collective Bargaining Agreement
The new contract, which will remain in place through September 30, 2028, was voted in favor by the members of the IAMAW Lodge 1947 and will be signed by Mercury Marine and the IAMAW.
Authentic Reaches Deal for Hunter Boots IP in China
Authentic reached an agreement for Baozun, Inc. to acquire the intellectual property rights to Hunter boots for distribution in China and Southeast Asia.
686 x Nikwax Partner On Product Care For Outerwear
Nikwax and 686 announced a new partnership whereby 686 will offer customers samples of Nixmax’s Tech Wash when they purchase gear through its site timed with the launch of its 2023/24 outerwear collection. “As part of our commitment to sustainability, we’re responsible for making sure the goods we produce perform to their fullest potential for the […]
EXEC: Department Stores Stung by Apparel Category Woes
Macy’s, Nordstrom, Kohl’s, and Dillard’s saw sales decline in the second quarter as the retailer’s core apparel category faced promotional pressures and weak demand. The active category was a bright spot for Nordstrom, but continued to struggle at Macy’s and Kohl’s.
Pure Fishing’s Debt Rating Upgraded
S&P Global revised its issuer credit rating on Pure Fishing from the SD (selective default) rating given earlier last week, after the company’s sponsor, Sycamore Partners Management, bought up some of its debt at a significant discount to face value.
USPTA Signs Multi-Year Pickleball Deal with Selkirk Sport
The United States Professional Tennis Association announced a three-year agreement with Selkirk Sport. Per the agreement, Selkirk Sport will manufacture the official pickleball and pickleball net of the USPTA.
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