Peloton announced that Dara Treseder has been named as senior vice president, head of global marketing and communications and will oversee brand marketing, consumer insights, communications, and creative. Treseder was at Carbon.
Author: SGB Media
Inside The Call: Fox Factory CEO Talks Bike Demand, Supply Chain And Q2 Growth
“I think you’re seeing new entrants into the sport and we’re also benefiting from the fact that there is just so much demand against the bikes that are available, but that also pushes people into higher premium-level bikes that may have been looking at lower-level bikes prior”, said Company CEO Mike Dennison
Escalade’s Second-Quarter Sales Vault 50 Percent
Escalade Inc. reported sales for the second quarter jumped 50.1 percent to $83.5 million. The gains were primarily driven by growth in its outdoor and fitness categories, including basketball, Lifeline Fitness and Victory Tailgate as demand for its fitness and home recreation products continues to be high amidst the COVID-19 pandemic.
Vista Outdoor Swings To Profit On Solid Sales Growth In Fiscal Q1
Vista Outdoor Inc. reported sales were $479 million in the fiscal first quarter ended June 28, up 4 percent compared with the prior-year quarter, and up 10 percent adjusted for divested businesses.
Unifi Posts Loss In Q4
Unifi Inc. reported sales fell 52.1 percent in its fiscal fourth quarter ended June 28 although monthly sales have improved sequentially throughout the period. The fiber manufacturer lost $20.2 million in the period.
Canadian Tire Posts Solid Retail Sales Growth In Second Quarter
Canadian Tire Corporation, parent company of SportChek, Helly Hansen and Sports Experts, among others, posted retail sales growth of 9.3 percent (excluding Petroleum) in the second quarter ended June 27.
Retail Council Of Canada And Association of Footwear + Apparel Canada Form New Partnership
Retail Council of Canada (RCC) and Association of Footwear + Apparel Canada (AFA) announced a partnership with a strong mandate to build a united platform for the retail and supplier community.
Yeti Belts Out 7 Percent Revenue Gain In Q2
Yeti Holdings Inc. reported adjusted net income increased 40 percent on a 6 percent revenue gain. A 61 percent jump in its direct-to-consumer business offset a 24 percent drop in wholesale.
The Buckle Sees Fiscal Q2 Sales Up 6 Percent As Online Sales Double
The Buckle, Inc. reported total net sales for the 4-week fiscal month ended August 1 increased 3.8 percent to $70.0 million from net sales of $67.5 million for the year-ago comp period.
TIA Report Finds Most Tennis Businesses Have Reopened
The Tennis Industry Association’s latest “2020 Tennis Industry COVID-19 Impact Studies” report for July finds approximately 85 percent of tennis retailers and facilities operators said they were open in the July survey, up from about 36 percent in the May survey.
Winchester Q2 Sales Expand 17 Percent
Winchester’s sales for the second quarter were $192.6 million compared to $164.9 million in the second quarter 2019, a gain of 16.8 percent, according to the quarterly report of its parent, Olin Corp.
Adidas Group Posts Q2 Loss On COVID-19 Impact; E-Commerce Nearly Doubles
Adidas Group second-quarter revenues decreased 34 percent in currency-neutral terms. Sales at brand Adidas declined 33 percent in the second quarter, and Reebok revenues were down 42 percent reflecting the brand’s higher exposure to the U.S. market.
Camping World Triples Q2 Net Income On 9 Percent Sales Gain
Camping World Holdings, Inc. reported revenue increased 9.0 percent, or $132.4 million, to $1.61 billion for the second quarter ended June 30. Net income increased 210.2 percent to $163.2 million and net income margin was 10.2 percent for the second quarter.
The VF Foundation Announces $7.3 Million In Community Investments
The VF Foundation, the private grantmaking organization funded by VF Corp., announced the recipients of its gifting cycle totaling $7.3 million in investments to 80 organizations around the world.
Fox Factory Revenues Decline 4.7 Percent In Q2
Fox Factory Holding Corp. reported earnings on an adjusted basis fell 25.9 percent in the second quarter ended July 3 as revenues declined 4.7 percent. The sales decline reflects a 14.5 percent decrease in Powered Vehicles Group sales, partially offset by a 10.0 percent increase in Specialty Sports Group sales.
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