The closing of the Olathe store is part of a “broader strategic review” of the Arkansas-based, family-owned and operated retail company’s overall national footprint. The nearby Overland Park store will remain open.
Author: SGB Media
Recall: Specialized Bicycle Components Haul ST and LT E-bikes with Telescopic Seat Posts
This recall (No. 25-319) involves the 13-inch telescopic seat posts that the company originally equipped on the Specialized Globe-branded Haul ST e-bikes and Haul LT e-bikes. “Haul ST” and “Haul LT” are printed on the bicycle’s downtube.
Manchester United’s Commercial Revenues Expand 7 Percent In Fiscal Q3
The professional football club based in Manchester, England, reported commercial revenue for the fiscal third quarter ended March 31 was £74.7 million ($101 mm), an increase of 7.3 percent over the prior-year quarter.
Recall: BowFlex Adjustable Dumbbells
Johnson Health Tech Trading, the parent company of BowFlex, announced a voluntary recall of BowFlex 552, 52.5 lb Adjustable Dumbbells and BowFlex 1090, 90 lb Adjustable Dumbbells, due to impact hazards, including 3.7 million sold by Nautilus, Inc.
Dick’s SG Seeks to Make Debt Exchange with Foot Locker as Part of Acquisition Deal
The U.S. retailer of sports equipment, apparel, footwear, and accessories, is offering to exchange its debt for Foot Locker’s $400 million outstanding debt as part of its pending acquisition.
The NBA Opens Lids Operated Store In Mall of America
In partnership with Lids and Fanatics, the store will offer an immersive experience for consumers to connect with the game while shopping a wide range of NBA and WNBA merchandise.
EXEC: G-III Apparel Set for Fall Converse Apparel Launch; Shares Hit By Tariff Concerns
G-III Apparel Group, Ltd. (GIII) share fell 19 percent on Friday, June 6 after the apparel giant withdrew its earnings guidance for the year due to “uncertainty around tariffs and related macroeconomic conditions.” G-III’s first quarter results still exceeded targets, led by double-digit growth at DKNY, Karl Lagerfeld and Donna Karan. The company also indicated […]
Abode Outside Names Bill Chandler Director of Sales; Adds Indie Reps
A veteran in the Outdoor and Specialty CPG industries, Chandler brings over 25 years of experience driving wholesale growth, building sales teams and strengthening brand visibility across North America and global markets.
Frank Hugelmeyer Named Board President for the International Council of Marine Industry Associations
The former Outdoor Industry Association (OIA) CEO and current National Marine Manufacturers Association (NMMA) President and CEO has been elected the incoming Board president of ICOMIA to serve a two-year term.
Bass Pro Shops to Open New Outpost in Muncy, Pennsylvania
Bass Pro Shops will have four stores in Pennsylvania following the completion of the 75,000-square-foot Outpost store in Muncy, which is part of the redevelopment of a former Lycoming Mall property into “The District.” The design approach for The District will “emphasize community character, outdoor heritage and a sense of place.”
EXEC: Duluth’s New CEO Sets Strategy to Return to Profitable Growth
In her first quarterly call since returning to Duluth Holdings, Inc. as president and CEO, Stephanie Pugliese said the company is “taking decisive actions to get this great company and unique and powerful brand back on the path to profitability and growth,” including rationalizing SKUs, reducing costs and complexity across multiple areas and exploring store closings while investing in innovation.
Zumiez’s Q1 Tops Guidance, Comps Climb 5.5 Percent
Zumiez Inc. reduced its net loss in the first quarter ended May 3 as same-store sales improved 5.5 percent on strong full-price selling. Sales topped Zumiez’s forecast for the quarter while earnings were in line.
Vail Resorts Tempers FY Guide on Weaker Lift Ticket Visitation, CEO Transition Costs
The revised guidance reflects the lower than expected lift ticket visitation in the spring that was partially mitigated by the company’s focus on its resource efficiency transformation plan and strong cost discipline. It also now includes an estimated $9 million in one-time costs related to the CEO transition announced in late May.
Lululemon Axes FY EPS Guidance Despite Q1 Beat
The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.
The Buckle’s May Comps Jump on Double-Digit Women’s Growth
Buckle said men’s sales increased 1.0 percent with overall price points on the men’s side of the business up about 2.5 percent. Women’s sales jumped 17.5 percent with overall price points increasing about 4.0 percent.
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