The Royal Belgian Football Association (RBFA) has entered into a long-term e-commerce and merchandising partnership with Fanatics to enhance the shopping experience for fans of the Belgium National Football Team.
Author: SGB Media
Signa Sports Fiscal Q1 Sales Up 27 Percent But Margins Suffer From Inventory Woes
Signa Sports United N.V. reported that the operating environment in the first quarter of fiscal 2023 was a continuation of the prior quarter, with depressed consumer sentiment and a promotional overstocked market, in particular in the bike category.
Academy Sports Q4 Earnings Fly Past Wall Street Targets
Academy Sports and Outdoors Inc. reported earnings on an adjusted basis increased 12.5 percent in the fourth quarter ended January 28 as lower freight costs and overall operating expenses offset a 5.1 percent decline in same-store sales. EPS easily topped analysts’ consensus estimates while sales were below.
Duck Camp Launches Women’s Apparel Collection
Duck Camp, an Austin, TX-based apparel brand serving the hunt and fish community, launch a women’s apparel collection focused on comfort, fit and a timeless aesthetic for outdoor pursuits, Duck Camp’s women’s Spring collection will be followed by more technical hunting products in the Fall of 2023. “This launch has been a couple of years […]
G-III Apparel Reports Q4 Loss On Goodwill Impairment Charges; Sales Grow Mid-Teens
G-III Apparel Group, Ltd. reported that net sales for the fourth quarter ended January 31 increased 14.2 percent to $854.4 million from $748.2 million in the prior-year quarter. The company reported a net loss of $261.1 million, or $5.54 per share, for the fourth quarter, compared to net income of $48.4 million, or 98 cents per diluted share, in the prior-year quarter.
DSW’s Parent Sees Q4 Comp Decline 5.5 Percent
Designer Brands, Inc., the parent of DSW, reported earnings on an adjusted basis declined 60 percent in the fourth quarter ended January 28 as same-store sales dropped 5.5 percent. Earnings still came ahead of analyst estimates and earnings and sales showed strong improvement overall in 2022.
Backpacker’s Pantry Hires VP Of Finance And Accounting
Backpacker’s Pantry hired Sarah Raizk as VP of finance and accounting.
February Retail Sales Rise 5.4 Percent Year-Over-Year
Overall retail sales dipped slightly in February, but core spending rose, according to data reviewed by the National Retail Federation.
Yue Yuen Factory Revenues Again Offset Retail Declines in Q4; Full-Year Footwear Sales Up 28 Percent
In the year ended December 31, 2022, revenue attributed to footwear manufacturing activity (including athletic/outdoor shoes, casual shoes and sports sandals) increased by 28.2 percent to US$5.71 billion, compared with the previous year. The volume of shoes shipped during the year was 272.7 million pairs. Average selling prices rose over 12 percent for the year.
Hydro Flask Launches Water Bottle Trade-In Program In The U.S.
Hydro Flask launched a Trade-In program that it claims is the first of its kind in the insulated water bottle category.
Nike To Stop Using Kangaroo Leather In Soccer Cleats
Nike reported it would stop using kangaroo leather in its shoes amid moves from U.S. state and federal lawmakers to ban the sale of kangaroo products.
Sea To Summit Hires Regional Sales Directors, Promotes VP Of Sales
Sea to Summit hired two new regional sales directors, Seth Quackenbush and Brad Beanblossom and promoted Tracy Brunz to VP of sales.
Sweet Protection Names NA Sales Manager
Sweet Protection, the maker of performance helmets, goggles and technical clothing, reported that industry veteran Ryan Davis was hired as North American sales manager, responsible for accelerating the company’s development in the snow and bike categories.
Liberty Ammunition Names Company Controller
Liberty Ammunition hired Cheri Ady as controller overseeing the company’s financial structure.
NSSF Takes Exception With President Biden’s Gun Control Executive Order
NSSF, The Firearm Industry Trade Association, is taking exception with President Joe Biden’s Executive Order to increase gun control measures. In the name of “doing something,” the Biden administration is chilling fundamental Constitutional rights and simply rehashing existing law, many of which were previously supported by the firearm industry.
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