The Sports & Fitness Industry Association (SFIA) re-elected Jonathan Ram, CEO of Clarks, Inc. as chairman of its Board of Directors for the 2023 term.
Author: SGB Media
Imports Drop As Pandemic-Driven Shipping Surge Comes To An End
With a pandemic-driven surge over, monthly import cargo volume at the nation’s major container ports fell below the two million Twenty-Foot Equivalent Units mark and is forecasted to remain there through the spring, according to the Global Port Tracker Report released by the National Retail Federation and Hackett Associates.
Ruger Adds Orion Wholesale As Independent Distributor
Sturm, Ruger & Company, Inc. added Orion Wholesale as an independent distributor of Ruger firearms in the United States.
VF Corp. Realigns EMEA Leadership Team
VF Corp. added new hires to its leadership team in Europe, the Middle East and Africa (EMEA).
Tilly’s Sees Holiday 2022 Comps Decrease In The Mid-Teens
Tilly’s, Inc. saw total 2022 holiday period net sales decrease 12.9 percent to $150.9 million for the nine-week period ended December 31, 2022 compared to $173.3 million for last year’s comparable nine-week holiday period.
Famous Footwear Parent Reiterates Fiscal 2022 Outlook
Caleres reaffirmed its financial outlook for consolidated sales, adjusted earnings per share and its inventory position for fiscal year 2022.
Xponential Fitness Expects To Meet, Or Exceed, Full-Year Guidance
Xponential Fitness, Inc. expects to meet or exceed the high end of its full-year 2022 outlook. Same-store sales growth of 25 percent is expected for the year ended December 31, compared to 41 percent in 2021.
Beachbody Reiterates Fourth Quarter Outlook
The Beachbody Company, Inc. reiterated guidance for the fourth quarter of fiscal 2022.
Macy’s Sees Fiscal Q4 Sales At Low-End To Mid-Point Of Guidance
Macy’s, Inc. reported that net fourth-quarter sales are now expected to be at the low-end to mid-point of the previously issued range of $8,161 to $8,401 million while adjusted diluted EPS is expected to be in the previously issued range of $1.47 to $1.67.
Duluth Sees Fiscal Q4 Sales Reaching Low-End Of Guidance
Duluth Holdings, Inc. reported its sales results for the nine-week period from October 31, 2022 through January 1, 2023 and said it expects to achieve the low end of the fourth quarter sales guidance.
Genesco Sees 3 Percent Holiday Comp Gain
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased by 3 percent for the quarter-to-date period ended December 24, 2022. The parent of Journeys now expects fiscal 2023 adjusted EPS to be at the low end of the most recent guidance range.
Lululemon Lifts Fiscal Q4 Sales Outlook; Sees Margin Pressure To EPS
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target.
Dick’s SG Closes Store In Worcester
Dick’s Sporting Goods closed its retail store at Lincoln Plaza in Worcester, MA on December 31.
Babolat Names National Sales Director
Babolat USA promoted Bill Edell, key account manager, to national sales director.
Everlane Cuts 17 Percent Of Corporate Workforce
Everlane announced internally it would lay off 17 percent of its 175 corporate employees as part of a cost-cutting measure to address market changes.
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