Leatt’s Q2 Revenues Gain 25 Percent
Profits at Leatt Corp rose 13 percent in the second quarter on a 25 percent revenue gain.
HanesBrands’ Second Quarter Dragged Down By Cyber Attack
HanesBrands, Inc. reported sales and earnings for the second quarter were negatively impacted by a ransomware attack as well as softer-than-expected point-of-sale trends. Global Champion brand sales decreased 20 percent over prior year in constant currency. The parent of Champion and Hanes significantly reduced its guidance for the year.
Stio To Expand At Retail With East Coast Mountain Studio Location
Stio announced it will open its latest East Coast Mountain Studio in Boston, with an expected opening date later this fall.
Canada Goose’s Q1 Tops Guidance
Canada Goose Holdings Inc. reported a wider loss in the first quarter ended July 3 due to the timing of marketing expenses while sales grew 24 percent on improving store productivity. Both the loss and sales topped guidance. Canada Goose maintained its guidance for the year.
Altamont Capital Partners Exits Investment In Fox Racing
After eight years of partnership with Fox Racing, Altamont Capital Partners has exited its investment with a sale of the company to Vista Outdoor.
Unifi’s Q4 Profits Squeezed By Margin Pressures
Unifi, Inc. reported earnings slid in the fiscal fourth quarter ended July 3 as lower gross margins offset a sales gain of 18 percent. Results were consistent with expectations.
Vista Outdoor Adds Two Board Members
Vista Outdoor, Inc. elected two independent members, Gerard Gibbons and Bruce Grooms, to its Board of Directors during the company’s Annual Meeting of Stockholders on July 26, 2022.
Mizuno’s Revenues Expand 8 Percent In First Quarter
Mizuno Corp. reported sales grew 7.8 percent in the first quarter ended March 31, driven by growth in the golf business.
Acon Investments Increases Stake In New Era Cap
Acon Investments has announced closing a single-asset continuation round worth around $700 million to increase its stake in the New Era headwear brand while bringing in new backers. As part of the transaction, Major League Baseball, the National Football League and the National Basketball Association will become minority owners in New Era Cap.
NPD Reports U.S. Footwear Sales Decline In Q2
In the second quarter of 2022, U.S. footwear industry sales revenue was $10.7 billion, a decline of 4 percent versus Q2 2021, according to The NPD Group.
The Athlete’s Foot Announces Joe Delphry’s Seven Store Franchise Transition After 23 Years
The Athlete’s Foot announced that Joe Delphry, a TAF franchise owner since 1999, will be transitioning his seven stores to The Dahir Group, with whom he has shared a long-time friendship.
Imports Slowing In Second Half, But 2022 Should See Gain Over 2021
After a record-setting spring, imports are expected to slow down at major U.S. container ports for the remainder of the year, but there will be a net gain over 2021, according to the Monthly Global Port Tracker Report* released by the National Retail Federation and Hackett Associates.
Mayfly Outdoors Names CEO And President
Mayfly Outdoors, best known for its fly fishing brands Abel, Ross Reels and Airflo, hired Jeff Wagner as CEO and president.
Emerald Holding’s Q2 Sales Recover
Emerald Holding, Inc., the operator of trade show, reported a loss in the second quarter ended June 30 but sales bounced back as the company was able to hold 29 in-person trade shows, conferences and other events during the quarter.
Moncler’s Sales Expand 48 Percent In First Half
Moncler S.p.A reported sales grew 48 percent in the first half, boosted by double-digit growth for the Moncler brand and the acquisition of Stone Island.
