Velous Footwear expanded its line of recovery sandals with the Hoya Adjustable Slide, created to help feet, ankles, knees, and legs recover quickly from participation in sports or strenuous activities, with the brand’s patent-pending Tri-Motion Technology. “The Hoya Adjustable Slide rounds out our recovery sandal lineup and features an adjustable upper for a custom fit,” […]
Author: SGB Media
Peloton Narrows Fiscal Q3 Loss Despite Weaker Sales; Settles Dish Action
Peloton narrowed its net loss despite weaker sales in the fiscal third quarter ended March 31 as margins expanded and expenses were reduced. The company also announced a settlement agreement with Dish Network.
Solo Brands Swings To Q1 Profit As Sales And Margins Expand
Solo Brands, Inc. saw net sales increase 7.3 percent to $88.2 million in the first quarter from $82.2 million in the first quarter of 2022. The increase was primarily driven by new strategic partnerships and continued market penetration within the wholesale sales channel.
The Buckle Posts 10 Percent Comp Store Sales Decline For April
The Buckle, Inc. reported that comparable store net sales, for stores open at least one year, for the 4-week period ended April 29 decreased 10.2 percent from comparable store net sales for the 4-week period ended April 30, 2022.
Revolve Group Reports Lower Q1 Profits On Tighter Margins, Lower Sales
Revolve Group, Inc. reported net sales were $279.6 million in the first quarter, a year-over-year decrease of 1 percent against a very difficult prior-year comparison. Net income was $14.2 million, or 19 cents per diluted share, for the quarter, a year-over-year decrease of 37 percent.
Gildan Activewear Posts Sales And Profit Declines In Q1 But Reconfirms Outlook
Gildan Activewear Inc. said net sales for the first quarter ended April 2 were in line with expectations at $703 million, down 9 percent, versus prior-year quarter sales.
Compass Diversified Raises FY Guidance On Above-Plan First Quarter
Compass Diversified (CODI) raised its earnings for the year due to a better-than-expected first-quarter performance. Sales on an adjusted basis in its branded consumer segment, which includes Boa, 5.11 and Primaloft, were up 2 percent in the quarter.
Vista Outdoor Posts Heavy Loss On Impairment Charge
Vista Outdoor reported a net loss of $294 million after taking an impairment charge of $374 million. Adjusted earnings per share were down 47.1 percent on a sales decline of 8 percent and lower gross margins. Vista forecast sales for the current year to decline by about 6.5 percent.
Skechers Sponsors Pickleball Canada National Championship
Skechers reported it signed an agreement naming the brand as the Official Footwear Sponsor of the Pickleball Canada National Championship, beginning with the 2023 season. “We launched Skechers Viper Court footwear to a positive reaction from the pickleball community, athletes and fans,” said Michael Greenberg, president of Skechers. “Skechers currently sponsors every major elite professional pickleball tour […]
Brooks Invests In Community, People And Product To Build On Performance Run Category
Brooks reported strong brand demand in the first quarter across retail channels as it surmounted pandemic-related supply chain and inventory hurdles and brought innovation to market through new products and experiences. Brooks’ product innovation and human-based insights continue as the brand “looks to meet the evolving needs of runners.” Brooks’ advancements in nitrogen-infused midsoles, offered […]
Callaway Apparel Welcomes 2023 Brand Ambassadors
Callaway Apparel reported it signed PGA Tour professionals Harry Hall and Brian Stuard as brand ambassadors, joining LPGA pro Emma Talley. “We are proud to have these two talented golfers joining Callaway Apparel as brand ambassadors,” said Oscar Feldenkreis, CEO of Perry Ellis International. “Harry and Brian are a perfect combination of a young star […]
Norrøna Hires New U.S. Sales Manager
Norrøna hired Andi Malboeuf as the U.S. sales manager. She comes to the role from QuietKat, an e-bike company owned by Vista Outdoors, where she was the national sales manager.
Private Investment Firm Acquires Good Feet Store Franchisee in Midwest
Exaltare Capital Management, LLC has acquired GF Midwest, Inc., one of the largest developers and operators of the Good Feet Store, operating 23 franchises across nine states. GF Midwest is headquartered in Milwaukee, WI.
Brooks Invests in Community, People and Product to Build on Leadership in Performance Running
Brooks saw strong brand demand in the first quarter across retail channels as it overcame pandemic-related supply chain and inventory hurdles, and brought innovation to market through new products and experiences. Building Performance Gear for Every Speed and Surface Brooks’ product innovation and human-based insights continue to shine as the brand looks to meet the […]
Brooks Posts Strong Double-Digit Q1 Global Growth Despite EMEA Decline
Brooks Running carried momentum into the first quarter of 2023 with 20 percent year-over-year global revenue growth, including a record 32 percent increase in the Europe, Middle East, and Africa (EMEA) region.
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