Traeger, Inc. reported total revenue for the first quarter decreased by 31.5 percent to $153.2 million. Adjusted net income was $5.5 million, or 4 cents per diluted share as compared to adjusted net income of $19.5 million, or 17 cents per diluted share in the first quarter last year.
Author: SGB Media
Dillard’s Q1 Flies Past Analyst Targets
Dillard’s, Inc. reported earnings declined 19.8 percent in the first quarter ended April 29 against difficult year-ago comparisons. Results came in well above analyst targets. Same-store sales slid 4 percent.
Nordstrom Names Chief Financial Officer
Nordstrom Inc. hired Cathy R. Smith as chief financial officer, effective May 29, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020.
KMD Brands Appoints CEO Of Kathmandu
KMD Brands, Ltd., the parent of Kathmandu, Rip Curl and Oboz, hired Megan Welch as CEO of Kathmandu, effective August 7.
Yeti’s Q1 Profits Drop On Recall Fallout
Profits at Yeti Holdings, Inc. fell 46 percent on an adjusted basis in the first quarter ended April 1 on a 3 percent sales gain. Results were impacted by a massive recall, but earnings topped analyst targets. Yeti reiterated its goal to return to double-digit growth by the fourth quarter.
Outdoor Research And Nikwax Announce Strategic Partnership
Outdoor Research announced a strategic partnership with Nikwax that officially launches in September 2023. Under the partnership, Nikwax becomes OR’s preferred partner for after-purchase Durable Water Repellent (DWR) care and treatment—part of OR’s commitment to “transitioning away from intentionally added per- and poly-fluoroalkyl substances (PFAS), which will be virtually complete by the Spring 2024 product […]
Tentree Partners With GoBolt
Tentree announced its partnership with GoBolt, the Toronto-based tech company, to handle its e-commerce fulfillment and final mile delivery in select hub cities across Canada towards reducing the company’s supply chain carbon footprint. Said Tentree: “Brands’ supply chain emissions are typically the largest contributor to their carbon footprint—90 percent of a company’s environmental impacts are […]
JD Sports Fashion Appoints New Group CFO
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, has appointed Dominic Platt as chief financial officer and as a member of the Board of Directors. He is expected to join the company later this year.
Jack Wolfskin Announced New Partnership With Bear Grylls
Jack Wolfskin announced a new apparel partnership with Bear Grylls, highlighting the “close alignment between both brands.” “Jack Wolfskin is one of the most dynamic but approachable brands in the outdoor space with long-lasting apparel that will benefit anyone who heads outdoors,” Grylls said. “I share their commitment to empowering more people to experience their […]
EXEC: Yue Yuen’s Q1 Profits Down Sharply As Footwear Deliveries Fall 24 Percent
Yue Yuen recorded revenue of $2.11 billion in Q1, representing a decline of 12.0 percent in US Dollar terms. The volume of shoes shipped in Q1 decreased 24.0 percent to 53.9 million pairs due to soft global demand and a tough year-ago comps.
EXEC: Giant Sees Inventory, Weather And Tough Comps Hurting Q1 Sales And Profits
Giant Group reported that consolidated revenue for the first quarter was NT$20.12 billion, a decline of 9.6 percent year-over-year. The decline was attributed to the impact from European and North American markets reducing inventories plus higher comps with last year.
Timberland Opens New SoHo Flagship
Timberland opened a new flagship store in Manhattan’s SoHo neighborhood and launched its first U.S.-based membership program, The Community, across all stores and online.
The RealReal Narrows Q1 Adjusted Loss On Stronger Gross Margins
The RealReal, which claims to be the world’s largest online marketplace for authenticated, resale luxury goods, reported total Q1 revenue was $142 million, a decrease of 3 percent. Gross margins came in at 63.4 percent of revenues in Q1, a 12.1 percentage point improvement versus the year-ago period.
BRC Sees April U.K. Retail Foot Traffic Growth Slip Versus Q1 Trend
The British Retail Consortium (BRC) is reporting that total U.K. retail foot traffic, or footfall, increased 5.3 percent year-over-year in April, according to BRC-Sensormatic IQ data, 1.5 percentage points worse than March and worse than the 3-month average increase of 7.0 percent.
Crunch Franchise Announces Newest Location In Fern Creek, KY
Crunch Franchise announced the opening of Crunch Fern Creek, a $5 million, 30,000-square-foot fitness facility, with $1 million worth of state-of-the-art equipment and amenities in a historic community located in Jefferson County, KY.
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