Crocs, Inc. reported earnings in the fourth quarter that topped Wall Street’s targets as sales expanded 21.8 percent to cap off a strong year. Crocs officials, however, warned that sales in the first quarter would be hurt by $20 million to $30 million due to disruptions in Asia from the coronavirus.
Author: SGB Media
RYU Apparel Inc. Sets Major Restructuring
RYU Apparel said it has scaled back growth plans, significantly reduced its corporate headcount and closed two mall locations due to challenges the four-year-old activewear brand has faced securing funding.
5.11 Shines For CODI In Q4
5.11, the tactical brand owned by Compass Diversified Holdings LLC (CODI), posted its second consecutive quarter of double-digit revenue growth and fourth consecutive quarter of double-digit EBITDA growth to headline CODI’s Q4 and 2019 results.
BSN Sports Announces Partnership With National Pro Fastpitch
BSN Sports, a division of Varsity Brands, announced a partnership with National Pro Fastpitch (NPF), the United States’ leading professional women’s softball league. The move marks BSN Sports’ latest investment in the growth and success of female athletics – and women’s softball in particular.
Vista Outdoor Supports Legislation Removing Barriers For Veterans In The Outdoors
Vista Outdoor Inc. announced that the company, along with its brands, joined a diverse group of outdoor stakeholder groups and companies in a letter to the House Veterans Affairs Committee in support of the Accelerating Veterans Recovery Outdoors Act, a federal proposal to reduce barriers for veterans getting outdoors.
‘A Day For Jake’ To Celebrate Legacy Of Burton Founder
To celebrate the memory and legacy of Jake Burton Carpenter, the Burton Snowboards founder who died last year, the inaugural “A Day for Jake” will take place at 13 ski resorts around the world on Friday, March 13.
Play It Again Sports Parent Expands Earnings In 2019
Winmark Corp., the parent of Play It Again Sports, reported earnings rose 10.4 percent in the fourth quarter to $8.46 million, or $2.08 per share, from $7.66 million, or $1.83, for the same period last year.
Asolo Announces New Sales Representation In New England
Asolo USA on Wednesday named Velocity Sales & Marketing as its representatives for the New England region.
Customer Traffic Fuels Revenue And Comp Growth At TJX Cos.
The TJX Cos. Inc. on Wednesday announced net sales for the fiscal fourth quarter ended February 1 increased 10 percent to $12.2 billion, beating estimates by $370 million. Consolidated comparable store sales increased 6 percent over a 6 percent increase last year driven by improved customer traffic.
NRF Forecasts Retail Sales To Grow In 2020 Despite Headwinds
The National Retail Federation on Wednesday forecasted that retail sales during 2020 will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion despite uncertainty from the lingering trade war, coronavirus and the presidential election.
Amazon Status Boosts Rocky Brands In Q4, Bodes Well For 2020
When Rocky Brands Inc. was awarded “seller-fulfilled status” on Amazon Prime last year, it opened up a new channel—and significant new high-margin revenue opportunities—for the Nelsonville, OH-based company. The program provided a lift for Rocky Brands in the fourth quarter and should boost the company throughout 2020.
Revolve Sees 16 Percent Q4 Growth
Revolve Group, the fashion e-tailer, reported sales in the fourth quarter ended December 31 rose 15.5 percent to $147.6 million from $127.7 million.
Tokyo Olympics May Be Cancelled If Coronavirus Not Contained By Late May
The 2020 Tokyo Olympics are more likely to be canceled than moved or rescheduled if by late May the coronavirus outbreak is deemed too dangerous to go ahead with the original schedule, according to International Olympic Committee member Dick Pound.
Planet Fitness Sees Q4 Same-Store Sales Climb 8.6 Percent
Planet Fitness Inc. reported earnings in the fourth quarter ended December 31 rose 20.6 percent on an adjusted basis as revenues climbed 9.8 percent.
Mayweather Boxing + Fitness To Open Chicago Studio
Mayweather Boxing + Fitness announced today its downtown Chicago location will open on March 14 at 219 W.Hubbard, Chicago, IL.
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