OR and Surf Expo Parent Swings to Q4 Profit on 5.2 Percent Revenue Growth
The Q4 increase was reportedly driven primarily by $6.1 million in organic revenue growth and $4.8 million in revenue from acquisitions, offset by scheduling adjustments of $3.7 million and prior-year revenue of $1.9 million related to discontinued events that were not contributing to profitability.
The Buckle Posts Flattish Q4 Net Sales on 3.9 Percent Comp Sales Gain
Online sales outpaced the store base in Q4, increasing 6.4 percent to $69.7 million for the 13-week fourth quarter, compared to net sales of $65.5 million for the 14-week period ended February 3, 2024.
EXEC: Zumiez CEO Details Strong Q4 Progress Across Softgoods Categories
The Men’s category maintained its positive momentum through year-end, delivering growth for the fifth consecutive quarter. The women’s category, became the largest growth category for the quarter. Skate Hardgoods were a drag.
Fossil Group Appoints New Chief Financial Officer
Randy Greben will oversee Fossil Group’s global financial strategy, focusing on leading the organization’s financial turnaround and business transformation. He replaces interim CFO Andrew Skobe, effective March 17.
Perfect Moment Appoints Former Timberland Exec as General Counsel
Kristine Marvin previously served as vice president and general counsel at Timberland, where she oversaw its corporate governance, brand protection, trade compliance, and risk management.
Duluth Trading Sees Q4 Results Hurt by Retail Stores, Fulfillment Issues
Direct-to-consumer net sales increased by 0.4 percent to $172.9 million compared to the prior-year fourth quarter driven by greater penetration of mobile. Retail store net sales decreased by 6.9 percent to $68.4 million.
Sam Sato Sets Retirement from Duluth Trading Company CEO Role
During the transition period through April 25, Stephen L. Schlecht, the company’s chairman of the Board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance.
G-III Apparel Posts “Incredible Year” as Company Transitions Brands
Growth in key owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin will continue to deliver double-digit sales increases and help offset the reduced sales of Calvin Klein and Tommy Hilfiger licensed businesses.
EXEC: Tilly’s, Inc. Expects Little Tariff Impact; Merchandising is Bigger Issue
Total foruth quarter comparable net sales, including both physical stores and e-commerce, decreased by 11.2 percent relative to the comparable 13-week period ended February 3, 2024, but have turned positive as weather improves.
EXEC: New Kohl’s CEO Kicks Off Turnaround Effort; Sees Private Label as Key
Asked about the balance between private label and national brands by an analyst, new CEO Ashley Buchanan emphasized that the customer will ultimately determine the mix, with a focus on delivering quality and value.
Perfect Moment Gets NYSE American Approval on Listing Compliance Plan
The plan reportedly details the company’s strategy to regain compliance with continued listing standards for stockholders’ equity by June 11, 2026.
BSN Sports Parent Varsity Brands Taps into Pro Athlete Investors at Patricof Co
Over 45 of Patricof Co’s global athlete clientele, representing all major U.S. sports, have invested in Varsity Brands. This investment underscores P/Co’s commitment to “partnering with companies transforming the landscape of sports and community engagement.”
Rupert Campbell Appointed Chief Commercial Officer for HeyDude
Campbell was, most recently, the president of Adidas North America, where he was responsible for leading one of the brand’s most critical markets and building relationships with wholesalers, partners and athletes.
EXEC: Puma SE Expands Q4 Profits; Full Year Weakness Leads to Job Cuts Talk
Full year net income decreased 7.6 percent year-over-year to €281.6 million in 2024 and sales increased by 2.5 percent to €8.82 billion for the year.
EXEC: Puma SE Forecast Q1 Sales to Decline on Weak U.S. and China
For the first quarter, Puma said it anticipates currency-adjusted sales growth to be down in low-single-digits versus the 2024 Q1 level, primarily due to a soft performance in the U.S. and China.
