The acquisition supports Hydrow’s mission to “expand as a whole-body health company by incorporating a critical modality to diversify its product lineup.”
Author: SGB Media
CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.
The Buckle Posts 9.0 Percent Comp Sales Decline for Fiscal First Quarter
Net sales for the 13-week fiscal quarter ended May 4, 2024 decreased 7.2 percent to $262.5 million compared to net sales of $282.8 million for the prior year 13-week fiscal quarter ended April 29, 2023.
HanesBrands Sees Global Champion Brand Sales Fall 25 Percent in Q1
Champion U.S. sales decreased 35 percent, with approximately 900 basis points of the decrease said to be from the shift of the kids’ business to a license-model and the remainder driven by the continued challenging activewear market dynamics.
Yeti Inc. Lifts Fiscal Year EPS Guidance After Q1 Sales and Earnings Beat
Yeti, Inc. raised its earnings guidance for the year after reporting first-quarter earnings easily topped analysts’ expectations. Earnings on an adjusted basis surged 89 percent while sales grew 13 percent, boosted by a re-acceleration in domestic growth with balanced growth across drinkware and cooler segments.
Report: U.S. Economy Bolstered by $22.4 Billion Health and Fitness Industry
New economic impact data outlines the size and impact of the industry for the first time as it relates to jobs, wages and taxes.
EXEC: Sportchek, Mark’s and Helly Hansen all Post Q1 Declines for Parent CTC
Helly Hansen sales, which covers the international wholesale and retail businesses that operate under the Helly Hansen and Musto names and trademarks, were down 7.8 percent year-over-year in Q1 to C$192.2 million.
Beachbody’s Q1 Sales Decline 17 Percent
The company Inc. reported a loss on a 17.2 percent decline in sales in the first quarter but said results were above its internal plan and it’s gaining traction on its turnaround plan.
Allbirds Inc. Sees First Quarter Revenues Drop 28 Percent
Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.
Vista Outdoor’s Quarterly Sales Slide as Ammunition Declines Offsets Outdoor Gains
Vista Outdoor reported adjusted EBITDA decreased 7.5 percent in the fiscal fourth quarter ended March 31 as sales declined 6.4 percent. The Revelyst outdoor segment returned to organic growth for the first time in nine quarters but the Kinetic ammunition business saw a double-digit drop.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
Dick’s Official Sporting Goods Retail Partner of the Boston Celtics and Red Sox
Dick’s will also be the presenting partner of each franchise’s youth initiatives, including the Boston Red Sox’s Kid Nation and the Boston Celtics’ Junior Celtics Academy All Girls Showcases.
Delta Apparel Posts Steep Q2 Loss On Production Curtailment
Delta Apparel reported a net loss of $36.3 million in the fiscal second quarter ended March 30 due to significant production curtailments in the Delta Group segment. Sales were down 28.5 percent.
24 Hour Fitness to Modernize Clubs in California
The company will make a multi-million dollar investment in refreshing its clubs with new equipment, remodeling facilities and collaborating with local artist, Chris DeLorenzo, to create murals for its clubs across the Bay Area.
Bogs Continues Sharp Wholesale Decline in Q1; Retail E-Commerce Grows
The Bogs brand reportedly experienced the largest decrease in the Wholesale segment, with sales down 48 percent for the quarter, as retailers reduced orders due to surplus products in the outdoor footwear market.
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