Fitbit Inc., which has agreed to a merger with Google, reported sales fell 16.7 percent in the second quarter, to $261.3 million from $313.6 million a year ago.
Author: SGB Media
Benelli USA Adds Firearms Industry Vet As VP Sales
Benelli USA has hired Lee Colquitt as VP of sales, setting the strategic direction for all sales and channel initiatives within the U.S. market for the Benelli, Franchi, Stoeger and Uberti brands.
Archery Trade Association Board Voted In New Executive Committee
The Archery Trade Association (ATA) Board of Directors voted a new Executive Committee into office and installed a new chair and two new vice-chairs to the Committee.
Sierra Bullets Appoints New President
Clarus Corp’s subsidiary Sierra Bullets, L.L.C. has appointed Keith Enlow to president, effective August 17.
Davidson’s Taps Lester To Lead Marketing Efforts
Scott Lester has joined firearms distributor Davidson’s as the director of marketing. In his new position, Scott will lead the marketing team, which will encompass print, digital, and web design.
Planet Fitness Sees Surprise Q2 Growth In Member Joins At Opened Stores
Planet Fitness Inc. only saw a modest decline in membership across its open facilities through the end of its June quarter as new member “joins” for the quarter outpaced the rate in the year-ago quarter.
Boot Barn Report Draws Clear Correlation Between COVID-19 Cases And Store Comps
Company President and CEO James Conroy opened the call for the fiscal first quarter saying that they have seen “a strong correlation, both up and down, between the number of positive COVID-19 cases in specific geographies and the virus impact on consumer sentiment and retail store traffic.”
Wolverine Worldwide Sees Q2 Results Exceed Plan On Online Momentum
Wolverine Worldwide reported sales dropped 39 percent in the second quarter but came in better than expected with a boost from almost triple-digit owned e-commerce growth. The parent of Merrell, Sperry, Saucony and other footwear brands also managed to post a profit in the period and “exceptional cash flow”.
Acushnet Holdings’ Q2 Revenues Slump 35 Percent
Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, reported second-quarter net income down 94.0 percent, adjusted EBITDA fell 56.3 percent and sales slid 35.1 percent.
Igloo Announces Board Of Director Appointment
Igloo announced that Andrew Perlmutter will join Igloo Product Corp.’s Board of Directors. Known in the pop culture world as a brand builder, Perlmutter joins the brand with decades of expertise and is aligned to guide Igloo’s strategic initiatives for the Playmate collection through licensing and partnerships.
Nike Eyes 500 Layoffs At Oregon HQ
Nike announced layoffs that will eliminate at least 500 jobs at the company’s world headquarters in Oregon, according to the state of Oregon’s Worker Adjustment and Retraining Notification website.
Planet Fitness Posts Q2 Loss As Revenues Fall 78 Percent
Planet Fitness, Inc. reported total revenue decreased 77.9 percent to $40.2 million in the second quarter ended June 30, compared to the prior-year period. The net loss attributable to Planet Fitness, Inc. was $29.2 million, compared to net income of $34.8 million in the prior-year period.
Boot Barn Gets E-Comm Lift in Fiscal Q1 To Partially Offset Retail Store Decline
Boot Barn Holdings, Inc. reported that net sales decreased 20.5 percent to $147.8 million in the first fiscal quarter ended June 27. Same-store sales decreased 14.9 percent, comprised of a 27.1 percent decrease in retail store same-store sales and a 51.9 percent increase in e-commerce sales.
ATTA Sees U.S. Packaged Adventure Travel Bouncing Back Faster Than Other Travel
The U.S. Adventure Traveler Sentiment June/July 2020 report revealed that U.S. consumers of ATTA adventure tour operators are expected to resume near pre-COVID-19 level travel spending in 2021, spending an estimated 7 percent less than their 2019 travel expenditure.
Weyco Group Posts Q2 Loss As Sales Fall 72 Percent
Weyco Group, Inc. reported that net sales were $16.7 million for the second quarter ended June 30, down approximately 72 percent compared to $60.5 million in the year-ago quarter. Diluted loss per share was 91 cents in Q2 compared to diluted earnings per share of 15 cents in Q2 last year.
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