The VF Corp, Outdoor segment, which includes The North Face, Timberland, Icebreaker, Smartwool and Altra, reportedly saw ongoing strength in the fourth quarter, increasing 3.6 percent (+7 percent constant-currency) to $1.32 billion in the 13-week period. Operating profits were down 13.5 percent to $114.8 million in the prior-year comp quarter.
Author: SGB Media
NBA Sponsorship Revenue Reaches Record $1.4B In 2022/23
NBA team sponsorship revenue grew more than $100m from last season, reaching a record $1.4 billion in the 2022/23 season, according to SponsorUnited*, the sports and entertainment intelligence platform.
Golftec Opens Location Near Chicago
Golftec opened an instruction and club fitting center in Geneva, IL, on the western side of the Chicago suburbs at 1492 S. Randall Road.
EoS Fitness Opens Fifth Texas Location In Houston Suburb
A fifth EoS Fitness location opened in the Houston suburb of Spring. EoS Fitness reported it plans to open several more gyms in Texas later this year.
KOA: Air Travel Issues Lead Leisure Travelers To Find Alternatives In 2023
The Kampgrounds of America, Inc. Monthly Research Report, May 2023 Edition, points to continued issues with air travel causing leisure travelers, and especially campers, to seek alternative modes of travel in 2023.
Lids Promotes Durda To President
Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.
Dick’s SG To Open 12 House Of Sports
After opening its first three Dick’s House of Sport stores in Rochester, NY, Knoxville, TN and Minnetonka, MN, DKS plans to open more than 12 new stores in the next two years.
EXEC: VF Sees Weak Vans, Timberland Offset Strong TNF In Mostly Flat Q4
VFC delivered revenue and profit in line with guidance for the fiscal fourth quarter and grew full-year revenue 3 percent in constant-currency terms in fiscal 2024, with 10 out of the company’s 12 global brands flat or growing revenue for the year – and five of those brands delivering double-digit growth.
Rawlings Named Official Helmet Of Women’s Professional Fastpitch
Rawlings entered into a multi-year agreement with the Women’s Professional Fastpitch league to become the exclusive helmet brand worn in all games by WPF teams throughout the season.
Camping World Declares Dividend, Initiating Review Of Capital Allocation Strategy
Camping World Holdings, Inc. declared a second-quarter dividend and said it is reviewing its capital allocation strategy with future dividend payouts up to the board’s discretion.
Picklemall To Open First Location In Tempe, AZ
Picklemall, an indoor pickleball concept, will debut its first location at the Arizona Mills shopping mall in Tempe, AZ in July 2023.
Elevate Textiles Undergoes Recapitalization, New Ownership
Elevate Textiles, the fabric manufacturer servicing the automotive, apparel, interior furnishing, and industrial industries owned by Platinum Equity, reached an out-of-court restructuring deal in which its lenders will take control of the company.
Teva Reimagines Classic Silhouettes With Chloe
Teva collaborated with Chloé on an exclusive collection of sport sandals that reimagines Teva’s iconic silhouettes, the Hurricane XLT2 and Hurricane XLT2 Ampsole. The designs offer a whimsical approach to using recycled straps adorned with the Chloé logo while retaining the sandal’s lower impact materials, including a 50 percent recycled rubber outsole for durability […]
Kohl’s Posts Surprise Profit In First Quarter
Kohl’s Inc. reported a surprise profit in its fiscal first quarter of 13 cents a share. Analysts were calling for a loss of 43 cents. Comparable sales decreased 4.3 percent and overall sales were slightly ahead of analyst targets.
Shoe Carnival Reduces FY Outlook On Q1 Shortfall
Shoe Carnival, Inc. reduced its outlook for the year after reporting first-quarter results at the low end of expectations due to unfavorable weather and consumer pressure from inflation and lower federal tax refunds.
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