Wholesale segment sales decreased 13.3 percent in Q4 and Contract Manufacturing segment sales decreased 14.9 percent, while Retail segment sales increased 1.5 percent. EPS was 91 cents a share in Q4 vs. 89 cents in Q4 2022.
Author: SGB Media
Outdoor Recreation Roundtable Adds Seven New Members
The ORR recently added seven new members, expanding its coalition across a broad spectrum of the outdoor recreation economy, including universities, state offices of outdoor recreation, other conservation non-profits, and brands.
Asics Releases Findings from Gender Exercise Gap Study
Focus group participants frequently described how societal expectations about gender roles, including that women should bear the majority of family caregiving and household responsibilities played a major part in their stopping exercise.
BSN Sports Inks Athletic Apparel Supplier Deal with Arena Football League
The company said all 16 AFL teams will wear BSN Sports’ newly designed Victory Red Zone Elite uniforms for home and away games when the league makes returns to play in arenas nationwide this April.
Steve Madden Ltd. Misses Lowered EPS Forecast for 2023
SHOO had updated its fiscal 2023 guidance in November after a tough Q3 quarter and lowered its diluted EPS forecast to approximately $2.35 a share and Adjusted diluted EPS to approximately $2.40 for the year.
Sierra Parent TJX Sitting Pretty as Most Others Deal with Market Turmoil
The parent of TJ Maxx and Marshalls said it is well-positioned to take advantage of the outstanding availability of quality, branded merchandise in the marketplace and flow fresh goods this spring. TJX had 95 Sierra stores at year-end 2023.
Urban Outfitters Hits Trifecta in Q4, Full Year as Sales, Margins and EPS All Pop
The parent to the Anthropologie, Free People, FP Movement, Urban Outfitters, and Nuuly brands reported total company net sales for fiscal Q4 increased 7.3 percent to a record $1.49 billion.
Swrve Apparel Calling It Quits After 20 Years
Founders Muriel Bartol and Matt Rolletta, who started the LA-based brand in 2005, said the move comes as the industry landscape continues to change.
Frog Bikes Taps U.S. Distributor to Expand Availability of Premium Kids Bikes
The company said the alliance with GB Sport Distributors marks a significant milestone in Frog Bikes’ mission to empower young riders and make cycling more accessible to families across America.
Hydra Weaponry Adds Sales Agency for 13 Western States
Total Sales & Marketing will represent the Hydra Weaponry product line in 13 U.S. Western states, including Alaska and Hawaii.
Kontoor Brands Q4 Revenues Slide 8 Percent on Weak Wholesale Shipments
Revenue decreases at the parent of the Lee and Wrangler denim brands were said to be primarily driven by retailer inventory management actions in the U.S., partially offset by gains in digital wholesale, China and direct-to-consumer.
Puma Becomes New Kit Supplier of RB Leipzig
Puma signed a long-term partnership with Bundesliga football club RB Leipzig to equip all men’s, women’s and youth teams from the 2024/25 season onwards.
Life Time Group Swings to Full Year Profit as Revenue Passes $2 Billion Mark
Full year revenue increased 21.6 percent to $2.22 billion due to continued strong growth in membership dues and in-center revenue. Fourth quarter revenue increased 18.2 percent to $558.8 million.
Kontoor Brands Appoints New Director to Board
Mary Campbell was elected to Kontoor’s Board of Directors effective immediately, increasing the size from seven to eight directors.
Life Time Grows Garden State Presence to Eight Locations
Located off the Garden State Parkway at 230 Half Mile Road in Red Bank, Life Time Middletown-Red Bank employs 230 full and part-time employees as part of the 127,000-square-foot space.
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