Duluth Holdings Inc. reported net sales increased 20.8 percent in fiscal first quarter ended May 1 as it continued to invest millions, raised in its IPO, opening new stores and buying television advertising.
Author: Charlie Lunan
Outdoor Tech Founder Krissman Exits Company
Outdoor Tech Founder and CEO Caro Krissman has sold his shares to the brand’s lead investor and is on the prowl for his next CEO gig.
New Down Standard Faces Fight with PETA
The Responsible Down Standard, which was spearheaded by outdoor apparel brands and their suppliers to promote humane treatment of birds used to produce down fill and insulation, appears to have emerged from its first challenge from animal rights activists stronger. The challenge came in the form of an “exposé” released by People for the Ethical […]
Xingquan Swings to Q3 Loss on Plummeting Sales
China’s Xingquan International Sports Holdings Limited swung to a loss before taxes in the fiscal third quarter ended March 31 as sales of its shoes, shoe soles, apparel and accessories plummeted.
Vestis to Pay for Goods Received 20 Days Prior to Bankrupcty
Vestis Retail Group LLC expects to pay claims totaling $8-$10 million for goods Sport Chalet, Eastern Mountain Sports and Bob’s Stores received in the 20 days preceding its Chapter 11 bankruptcy, according to court filings.
Halfords Forecasts Continued Spending on Slowing Cycling Business
After two years of double-digit growth triggered by British victories on the pro circuit, Halfords Group plc said it expects its cycling sales to grow 3-5 percent in coming years through the opening of Cycle Republic stores and acquisition of other bicycle dealers.
My Trail Co. and SlingFin Among First to Use New Crowdfunding Law
Former GoLite Owner Demetri Coupounas has surpassed his $50,000 first round fundraising goal for his new company My Trail Company on WeFunder 10 days after it and other crowdfunding sites were authorized to begin soliciting mom-and-pop investors.
Tilly’s CEO Defends Rising Omni-channel Costs
Though growing e-commerce sales trimmed gross margins at Tilly’s Inc. in the quarter end May 2, the retailer’s CEO argues omni-channel expansions remains the best way to reverse declining mall traffic.
Mammut Starts Search for CEO Rolf Schmid’s Successor
Mammut Sports Group CEO Rolf G. Schmid will resign after 16 years of leading the Swiss outdoor brand as soon as parent company Conzzeta AG can hire his successor.
Sportsman’s Warehouse Says Growing Competition Won’t Slow Expansion
Sportsman’s Warehouse Holdings Inc. reiterated plans to grow its store count 10 percent annually despite reporting competitors’ new stores were the main contributor to a decline in same-store sales in its fiscal first quarter.
Hibbett Sports Expanded Lifestyle Offering Driving Comp Growth
Hibbett Sports Inc.’s growing assortment of lifestyle apparel and footwear enabled it to grow same-store sales and average ticket in its fiscal first quarter.
Sports Chalet, EMS Merchandise Commands Higher Liquidation Bids
Liquidators are valuing merchandise at 47 Sport Chalet and eight Eastern Mountain Sports (EMS) stores being closed by bankrupt Vestis Retail Group LLC much more richly than merchandise they are liquidating at 436 Sports Authority stores, bankruptcy court records show.
Shoe Carnival E-Commerce Spending Draws Fire
Shoe Carnival Inc. executives faced an onslaught of questions about the profitability of the retailer’s online sales May 19, despite reporting record first-quarter results, as analysts reacted to a report that massive spending on e-commerce is eroding margins at U.S. retailers.
Lenzing Sales Rise on Firm Prices for its Wood-based Fibers
Lenzing, a leading supplier of wood-based fibers used in athletic and outdoor apparel, expects profits to improve substantially this year despite low prices for competing cotton and petroleum-based synthetic fibers.
Marmot Cuts Six Positions, Including Two VPs
Marmot Mountain LLC confirmed it eliminated six positions, including two vice presidents, last week as part of a restructuring following the April 15 acquisition of its former parent company Jarden Corp. by Newell Brands Inc.
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