Smith & Wesson Brands Inc. reported net sales in the first quarter ended July 31 were $278.0 million compared with $123.7 million for the first quarter last year, an increase of 124.8 percent.
Author: SGB Media
Tilly’s Q2 Sales Dip 16 Percent, Sees Significant Q3 Decline
Profits at Tilly’s Inc. fell 43.0 percent in the second quarter as sales declined 16 percent. Second-quarter results exceeded internal expectations given that stores were closed for parts of the quarter, but Tilly’s warned that third-quarter sales have been “significantly impacted” by delayed back-to-school selling.
Duluth Trading’s Q2 Sales Expand 13 Percent
Duluth Holdings Inc., the parent of Duluth Trading, reported earnings more than doubled in the second quarter as sales grew 12.6 percent.
Dick’s SG Announces Grand Opening Of Three Stores In September
Dick’s Sporting Goods will expand its national footprint with the opening of one Dick’s Sporting Goods store, one combination Dick’s and Golf Galaxy location and one Golf Galaxy store in September. The stores are in San Antonio, TX; Myrtle Beach, SC and Westminster, CO.
Designer Brands’ Q2 Revenues Drop 43 Percent
Designer Brands Inc., the parent of DSW, reported a net loss of $98.2 million in the second quarter as sales declined 43 percent. The parent of DSW said it was able to bolster liquidity and inventory was down 37 percent to position the company for fall selling.
Loon Outdoors Appoints Marketing Director
Loon Outdoors has appointed Hogan Brown to lead its marketing efforts.
Target Appoints SVP Of Marketing
Target Corporation named Maurice Cooper senior vice president of marketing. He was formerly at Wingstop Restaurants.
NICS Checks Climb 51 Percent In August
The FBI completed 1.68 million gun background checks on an NSSF-adjusted basis in August, a climb of 51.2 percent compared to the August 2019 NSSF-adjusted NICS figure of 1.11 million. The rate marks a slowdown versus triple-digit gains in the last two months.
Genesco’s Q2 Revenues Slide 20 Percent
Genesco Inc. reported a second-quarter loss as sales decreased 20 percent. A 144 percent e-commerce growth wasn’t able to offset stores only being open about 70 percent of days in the period. The parent of Journeys, Johnston & Murphy and Schuh, said it was able to generate $74 million of operating cash flow.
Sportsman’s Warehouse’s Q2 Sales Catapult 79 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings grew five-fold in the second quarter. Sales surged 79 percent primarily due to a surge in demand across all major categories, led by hunting and shooting.
OIA Partners With People For Bikes On Climate Action
Outdoor Industry Association (OIA) and PeopleForBikes (PFB) have announced a partnership through which PFB members — bicycle manufacturers and retailers — will be able to join the OIA Climate Action Corps, a collaborative model for alignment, action and accountability to achieve industry-wide greenhouse gas (GHG) emission reductions in accordance with Intergovernmental Panel on Climate Change (IPCC) guidelines.
Nfinity And Famer Debut Virtual Interactive Training App
Nfinity Athletic, known for its cheerleading footwear, has partnered with Famer, the developer of an online youth sports coaching and mentoring platform, to launch the Nfinity Interactive Training app for cheerleaders, dancers, coaches and parents.
Town Sports International Warns Of Potential Bankruptcy
Town Sports International, the parent of New York Sports Club and Boston Sports Club, said in a regulatory filing that it has breached covenants under its loan agreements and may be forced to file for bankruptcy “in the near future.” The fitness chain operator had previously warned of a possible bankruptcy filing in June.
Adidas Global Creative Director Exits Over Controversial Comments
Adidas global creative director Paul Gaudio has left the company, effective August 31, according to an internal memo from the company. The memo did not give a reason but it arrived two days after Gaudio left a controversial comment on a Complex Instagram post.
IHRSA: National Study Confirms It’s Safe To Work Out At The Gym
After analyzing millions of member check-in data across 2,873 gyms, sports clubs and boutique fitness centers over the course of three months, The International Health, Racquet & Sportsclub Association (IHRSA) and MXM, a technology company specializing in member tracking within the fitness industry, found that fitness facilities are safe and are not contributing to the spread of COVID-19.
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