Golftec To Open Location In Tampa
Golftec will open an instruction and club fitting center in Tampa, its 16th location in Florida, at 18047 Highwoods Preserve Pkwy.
Macy’s Sees Q4 Earnings Fly Past Analyst Targets
Macy’s Inc. reported fourth-quarter earnings were down year over year, but easily surpassed Wall Street targets while giving upbeat guidance for 2023. Macy’s attributed the strong performance to inventory disciplines and a focus on gift-giving categories.
Compass Diversified Posts Q4 Loss Despite Mid-Single-Digit Growth
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, reported net sales in the fourth quarter of 2022 were $594.9 million, up 6 percent (+4 percent on a pro forma basis).
Moncler Sees 27 Percent Revenue Growth In 2022
Moncler Group said revenues rose 27 percent to €2.6 billion ($2.8 bn) in 2022. The Moncler brand reported revenues of €2.2 billion, up 21 percent, and Stone Island revenue reached €401 million, a 29 percent increase.
Titleist, Footjoy Parent Swings To Q4 EBITDA Profit On Double-Digit U.S. Growth
Acushnet Holdings Corp., parent company of the Titleist and Footjoy brands, reported that consolidated net sales for Q4 increased 6.4 percent, or 14.3 percent on a constant-currency basis. Adjusted EBITDA was $25.4 million, compared to a loss of $5.0 million in the prior-year quarter.
Puma Posts Record Results, Provides Subdued Outlook For 2023
Puma reported record sales and earnings before interest and taxes in 2022 but warned that profits would likely fall as high-interest rates and inflation weigh on consumer spending.
Kohl’s Logs Steep Q4 Loss On Heavy Markdowns
Kohl’s, Inc. reported a steep loss in the fourth quarter on heavy markdowns. Wall Street had expected a profit. The mid-tier department store chain also guided EPS for the current year below analyst targets.
BSN Sports, Under Armour Partner With Ohio’s Lima Central Catholic High School
BSN Sports and Under Armour entered into a partnership agreement with the Lima Central Catholic High School in Lima, OH, to provide uniforms and apparel through its co-sponsored Women of Will program.
Urban Outfitters’ Q4 Profits Decline 23 Percent, Miss Analyst Targets
Urban Outfitters, Inc.’s earnings slumped 23.2 percent in the fourth quarter and came in below analysts’ consensus estimates. Sales came in slightly ahead of targets with strength at its Anthropologie, Free People and Nuuly brands.
Big 5 SG Sees Q4 Same-Store Sales Fall 13 Percent; Margins And Earnings Shrink
Big 5 Sporting Goods Corporation reiterated its fiscal 2022 fourth quarter net sales were $238.3 million, compared to net sales of $273.4 million for the fourth quarter of fiscal 2021. Same-store sales decreased 13.2 percent for the fourth quarter of fiscal 2022 compared to the fourth quarter of fiscal 2021.
Ross Stores Top Q4 Expectations; Sees Flat Comps For 2023
Ross Stores Inc. reported earnings rose 21.9 percent in the fourth quarter ended January 28 as both earnings and sales topped guidance.
Mitchell & Ness Appoints Creative Director
Don Crawley (Don C), the high-end streetwear designer, was named creative director of premium products for Mitchell & Ness, which was acquired last year by Fanatics.
Kohl’s Names President And COO
Kohl’s hired Dave Alves as president and chief operating officer. Most recently, the 30-year retail veteran was president and chief retail officer for Bealls Retail Group.
Kith Opens Second Store In Miami
Kith opened its second store in Miami in the city’s design district. Spanning two floors, the ground floor features men’s and womenswear, while the second-floor houses Major Food Group’s New York restaurant, Sadelle.
Wrangler, Lee Parent Posts Solid Q4 Results On Double-Digit U.S. Growth
Kontoor Brands, Inc. the lifestyle apparel company led by the Wrangler and Lee divested VF Corp. denim brands, reported fourth quarter revenue was $732 million, a 7 percent increase (+9 percent increase constant currency) over the prior-year comparable period. U.S. revenue was up 16 percent over the prior-year comparable period.
