Shares of Hibbett, Inc. surged 22.2 percent, to $45.03 on Friday after Q2 sales arrived in line with guidance due to a strong start to back-to-school selling and as strength in some better footwear brands offset weakness in secondary brands and franchises.
Month: August 2023
Bass Pro Shops Set to Open In Loveland, CO
Bass Pro Shops announced plans today to open a retail store in Loveland, CO. The opening of the 130,000-square-foot Outdoor World, expected to open in 2025, is the retailer’s sixth Bass Pro Shop in Colorado.
True Fitness Resets Sales Organizational Structure
True Fitness announced several changes, effective immediately, to its dealer/distribution and direct sales teams, including hiring Dave Whitman as retail sales manager, Marshall Hansen as distribution director for North America, Kurt Parker as director of direct sales, Dean Bowrosen, senior distribution director for the East, and John Talley, senior distribution manager for the West.
EXEC: Gap Confident in Athleta’s Turnaround Prospects
Athleta’s same-store sales were down in the second quarter for the third quarter in a row but showed improvement sequentially with sales of performance bottoms accelerating. On its analyst call, Gap Inc. officials expressed confidence in the ability of Athleta’s new leadership team, led by former Alo Yoga’s president Chris Blakeslee, to guide the continued recovery.
Hibbett’s Q2 Profits Tumble Year-Over-Year, Top Wall Street’s Targets
Hibbett, Inc.’s second-quarter profits fell 55.9 percent but still topped analyst targets with some strength in footwear offsetting apparel weakness. The sporting goods chain reiterated its full-year outlook, bucking a trend that saw competitors, Dick’s Sporting Goods and Foot Locker, lower guidance this week.
Pard Optics Expands Odle Sales Territory
Pard Optics has expanded the territory serviced by Odle Sales. With 35+ years of experience, Odle Sales will add TN, NC, SC, MS, AL, FL & PA to their existing territory.
Rhone Opens Store in Westport
Rhone, the men’s athleisure brand, opened a store in Westport, its first in Connecticut and 14th overall at 7 Main Street.
Pinnacle Outdoor Group Names Sarah Maher General Manager
The agency said Maher had been operating in this role since 2022, overseeing strategic development and sales operations in addition to her role as the agency’s Vermont sales rep.
Athleta Q2 Comps Slide 7 Percent; Parent Gap Inc. Swings to Profit
Athleta net sales totaled $341 million for Q2, down 1 percent compared to last year. While sales continue to be impacted by product acceptance challenges, the brand has taken near-term actions to improve product presentation and creative.
Nordstrom’s Q2 Profits Fly Past Analyst Targets
Nordstrom, Inc., reported earnings in the second quarter improved 8.7 percent year-over-year and nearly doubled Wall Street’s consensus target. The upscale department store chain said it benefited from continued progress on key priorities of Nordstrom Rack improvement, inventory productivity and supply chain optimization. Guidance was maintained for the year.
Alterra Mountain Co. Embarks on Major Expansion of Deer Valley Resort
Alterra Mountain Company plans to expand Deer Valley Resort, adding 3,700 acres to the ski-only destination in the Wasatch Mountains in Park City, UT.
EoS Fitness Opens in Houston’s Fifth Ward Neighborhood
EoS Fitness opened a new 34,000-square-foot location close to downtown Houston in the Fourth Ward neighborhood, its fifth gym in the city and sixth in Texas.
Yamaha Motor Corp. Acquires Florida Saltwater Testing Facility
The company purchased Fort George Island Marina in Duval County, FL, intending to convert the facility into the Yamaha Offshore Endurance Center.
Fanatics’ Mitchell & Ness Brand Increases College Roster
Mitchell & Ness, a provider of vintage and lifestyle sports apparel and part of the Fanatics Commerce business, announced it is expanding its partner and product portfolio across collegiate apparel. In alignment with Fanatics and the company’s College division, Mitchell & Ness is entering the college merchandise market with a larger presence this fall, marrying […]
Unior Bike Tools Names Canadian Distributor
Unior Bike Tools signed a multi-year distribution agreement with Outdoor Gear Canada (OGC) for the Canadian market. OGC started taking orders for Unior Bike Tools products in August with deliveries beginning later this year.
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