Designer Brands Inc., the parent of DSW and Camuto Group, announced steps taken to enhance the company’s financial flexibility, including replacing its $400 million revolving credit facility with an equally-sized, asset-based revolving credit facility and completing a $250 million privately placed senior secured term loan. The company also provided further details on recent employee base restructuring actions and an update on store operations.
Author: SGB Media
Callaway Hit By Q2 COVID-19 Restrictions; Takes Wolfskin Charge, Cancels Dividend
Callaway Golf company’s net sales decreased 34 percent to $297 million in the second quarter ended June 30, compared to $447 million for the comparable period in 2019.
Christy Sports Hires VP Of Digital
Christy Sports LLC has hired Harvey Bierman as their new VP of digital. In this newly created role, Bierman will lead the development and acceleration of e-commerce and digital marketing to enable the company’s growth strategy.
Logo Brands Acquires Boelter Brands Drinkware
Logo Brands, a supplier of chairs, canopies and tents in the sports licensing space, has struck a deal to acquire the Boelter Brands drinkware and Topperscot lines.
GoPro’s Q2 Revenues Drop 54 Percent
GoPro reported sales fell 54.1 percent in the second quarter ended June 30 to $134.2 million from $292.4 million a year ago. However, the camera maker said revenues improved on a sequential basis and its shift to a more direct-to-consumer business is starting to pay off.
Dick’s SG Announces Grand Opening Of 11 Stores In Nine States
Dick’s Sporting Goods will expand its national footprint with the opening of four Dick’s Sporting Goods stores, one combination Dick’s and Golf Galaxy location, five Dick’s Sporting Goods Warehouse sale stores and one Overtime by Dick’s Sporting Goods location in August.
Peloton Appoints Marketing Chief
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.
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.
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