The firearms market has proven ripe for Sportsman’s Warehouse Holdings Inc. of late, and the most recent evidence arrived Wednesday when the company reported a 3.3 percent increase in firearms sales and a 5.3 percent increase in firearms and ammunition sales for the second quarter. Now those numbers could grow thanks to both outside and company-directed factors.
Author: SGB Media
Dorel Expands Cannondale Brand Team
Dorel Sports appointed Nick Larsen as creative director of Cannondale Global and Dennis Kim, marketing director of Cannondale Global.
Puma Signs R.J. Barrett
Puma signed former Duke Basketball star and current New York Knick, R.J. Barrett, to an endorsement deal. Barrett was the third pick in the 2019 NBA Draft and is being touted as a possible breakout star.
American Outdoor Brands Posts Loss On Double-Digit Sales Dip
American Outdoor Brands Corp., parent of Smith & Wesson, on Thursday reported an earnings per share loss of 4 cents for the fiscal first quarter ended July 31, missing Wall Street’s estimates by 3 cents. Revenue declined 10.9 percent to $123.7 million for the quarter.
Golf Rounds Played Dip In July
According to Golf Datatech, golf rounds played in the U.S. dipped slightly in July, down 0.1 percent compared to the same month last year. July’s rounds played were held back by a mid-single-digit decline in the New England region. Year to date, golf rounds played are down 0.7 percent.
Vasque Strengthens Its Marketing Team, Including New Director
Vasque footwear on Thursday announced major growth within its marketing department and the addition of two new positions to the team—community management specialist and marketing coordinator.
Bioengineered Apparel Gives New Meaning To Composting
Vollebak uses science and technology to make the future of clothing happen faster. The three-year-old outdoor brand, Founded by twin brothers, designers and athletes Nick and Steve Tidball, shown below, create outdoor clothing that no one else has—or is bold enough to try. In 2018, the duo manufactured several ground-breaking apparel pieces—the Graphene Jacket, the […]
Gap Inc. To Retain Name
Gap Inc. on Thursday announced that, following the completion of the planned spin-off of Old Navy, the new public company, currently referred to as NewCo, will retain the Gap Inc. name.
Designer Brands Tops Q2 Earnings Estimates On Comp Sales Dip
Footwear retailer and manufacturer Designer Brands Inc. (formerly DSW Inc.) on Thursday reported earnings per share for the second quarter ended August 3 of 37 cents per diluted share, including net charges of 11 per diluted share from adjusted items. Adjusted EPS of 48 cents beat estimates by 1 cent.
Over 200 Footwear Companies Push President Trump To Cancel New Taxes On Shoes
Over 200 American footwear companies came together and sent a compelling letter to President Trump on Wednesday asking that he cancel his proposed higher taxes on American shoe customers set to take effect on Sunday. The letter was signed by both small and independent shoe stores and larger footwear brands and retailers.
Rack Room Appoints VP Global Supply Chain North America
Rack Room Shoes has promoted Peter Hohensee to vice president global supply chain North America and has hired retail industry veteran, Donna Mull as CRM director of omni channel to lead the brand’s loyalty program.
Peloton Pedals On Toward IPO As Losses Mount
Peloton, the exercise bike maker and interactive fitness provider, on Tuesday filed an S-1 statement with the Securities and Exchange Commission, officially announcing that it plans to raise $500 million in an initial public offering amid significant losses but impressive revenue growth. SGB digs into the IPO’s important facts and figures.
PVH Lowers Outlook
PVH Corp. reported second-quarter revenue increased 1 percent (increased 3 percent on a constant currency basis) compared to the prior-year period and exceeded guidance. The company lowered its full year 2019 EPS outlook to reflect a more conservative view in part due to trade war tensions.
Shoe Carnival Earnings Grow Slightly Amid Back-To-School Momentum
Shoe Carnival Inc. on Wednesday reported comparable store sales for the second quarter increased 1.4 percent while earnings per diluted share increased 5.3 percent to 80 cents, beating Wall Street’s estimates by 2 cents.
Tilly’s Q2 Comps Inch Up 0.6 Percent
Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.