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.
Author: SGB Media
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.
Fitbit Sees 17 Percent Q2 Revenue Decline
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.
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.
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