EXEC: Saucony is the New Darling for Wolverine Worldwide as Sales Jump 30 Percent in Q1
EXEC: Merrell Parent’s CEO Lays Out Q1 Results, Tariff Plans and Q2 Growth Estimates
EXEC: Clarus Promotes Tripp Wyckoff to Managing Director of Rack Segment
EXEC: REI Members Reject Three Co-op Backed Board of Director Candidates
EXEC: REI Co-op Halves 2024 Net Loss, Improves Margins, Reduces Inventories
SGB Update
Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023
Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Kinsey’s Hires Software Engineer
Alyssa Zevallos, a 10-year industry veteran, has strong skill sets in digital engineering. She began her role at Kinsey’s on May 7 with a programming and software integration background.
Recall Expansion: Igloo 90-Quart Flip & Tow Rolling Cooler
This recall expansion involves an additional 130,000 Igloo 90 Quart Flip & Tow Rolling Coolers manufactured before January 2024.
Xponential Fitness NA System-Wide Sales Climb 18 Percent
Xponential Fitness Inc. reported North America system-wide sales climbed 18 percent in the first quarter with overall results in line with expectations. The fitness boutique owner lowered its guidance on global net new studio openings for the year but reaffirmed its guidance on system-wide sales, total revenue, and adjusted EBITDA.
Fox Factory Tops Q1 Guidance
Fox Factory Holding Corp. reported first-quarter loss on a steep goodwill charged related to tariffs but adjusted earnings surpassed guidance with the benefit of cost-control efforts. Sales grew 6.5 percent with gains across its Aftermarket Applications Group (AAG), Specialty Sports Group (SSG) and Powered Vehicles Group (PVG) segments. Guidance was reaffirmed for the year.
SGB Executive
EXEC: Havaianas Brand Posts Double-Digit Q1 Growth on Robust Brazil Sell-In
Brazil-based Alpargatas reported sales grew 17.5 percent in the first quarter with healthy growth for Havaianas in Brazil and at Rothy’s. On a constant-currency (cc) basis, Havaianas sales in the U.S. were up slightly but declined in Europe and in distributor markets.
EXEC: Peloton CEO Highlights Four “Objectives” to Drive Growth
The operator of a connected fitness platform in North America and internationally raised its full-year guidance for the third quarter. Recently hired CEO, Peter Stern, highlighted four objectives on an analyst call for engaging current and new members to fuel growth.
EXEC: Saucony is the New Darling for Wolverine Worldwide as Sales Jump 30 Percent in Q1
The Saucony brand is clearly the new darling at its parent company in Grand Rapids, Michigan, delivering revenue growth of 31.1 percent in constant-currency terms in Q1, but is also gaining steam in China, where the licensee there reported 40 percent growth.
EXEC: Merrell Parent’s CEO Lays Out Q1 Results, Tariff Plans and Q2 Growth Estimates
Wolverine Worldwide first quarter revenue grew by over 5 percent on an ongoing basis and nearly 7 percent on a constant-currency basis, with the results driven by the company’s two biggest brands: Saucony and Merrell.
EXEC: Clarus Promotes Tripp Wyckoff to Managing Director of Rack Segment
Wyckoff previous served eight years as VP of sales, marketing and service at Thule, where he reportedly grew the brand significantly in the U.S. and was primarily responsible for bringing to market global initiatives, building one-on-one customer relationships and integrating key acquisitions.
