Author: SGB Media

Mastercard SpendingPulse: April U.S. Retail Sales Grow 23.3 percent

U.S. retail sales excluding automotive and gasoline increased 23.3 percent year-over-year in April, and 10.8 percent compared to April 2019, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment.  Online sales in April grew 19.9 percent and 95.6 percent, respectively, compared to the same periods. (Read More)

Aisle Talk Week Of May 3, 2021

Aisle Talk Week Of May 3, 2021

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of April 26, 2021 covered in the SGB Updates and delivered to your inbox every business day. This week’s Ambassador Athlete is Kimi Werner, Professional Freediving Spearfisherwoman and sponsored athlete working with Patagonia, Yeti, OluKai, and Costa. (Read More)

Inside The Call: Peloton Reduces Sales Outlook Following Massive Treadmill Recall

Inside The Call: Peloton Reduces Sales Outlook Following Massive Treadmill Recall

Peloton Interactive Inc. reported sales more than doubled in its third quarter ended March 31 and indicated delivery wait times improved. However, a controversial recall of its treadmills is now expected to pull down revenue and profit going forward. CEO John Foley told analysts, “We're going to take some short-term financial pain to be able to invest in building something that's built to last for decades." (Read More)

Adidas Lifts Sales Guidance Despite Lockdowns, Supply Chain Issues

Adidas Lifts Sales Guidance Despite Lockdowns, Supply Chain Issues

Adidas raised its 2021 sales outlook as first-quarter revenues grew 27 percent on a currency-neutral basis and profits returned to near pre-pandemic levels. Across the company’s three strategic markets, currency-neutral sales expanded at a triple-digit rate in Greater China (+156 percent) in the first quarter and increased in the high-single-digits in both North America (+8 percent) and EMEA (+8 percent). (Read More)

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