While OrthoLite’s largest market is performance running, athletic and technical outdoor footwear, the brand “continues to grow brand partners in the fashion, luxury, workwear, safety, and casual lifestyle footwear categories.”
Author: SGB Media
OR and Surf Expo Parent Narrows Q2 Loss on Flattish Revenue Decline
The Emerald Holding revenue decrease was attributed to prior-year discontinued event revenue of $3.7 million and scheduling adjustments of $1.1 million, partially offset by organic growth of $2.6 million as well as $1.7 million in revenue from acquisitions.
Ōura Appoints Apple Design Veteran as Chief Design Officer
Miklu Silvanto will be leading the company’s software and industrial design teams and owns the end-to-end member experience and visual design of Oura’s hardware and software products. He will report to Chief Operating Officer Michael Chapp.
EXEC: Puma Shares Down DD in Midday Trading as Q2 EBIT and Outlook Disappoint
Company CEO Arne Freundt said Puma “fully delivered” its outlook for the quarter and is on track to deliver on its outlook for the full year, but European analysts disagreed, sending shares lower on the DAX exchange.
Solo Brands Lowers FY Guidance on Softening Demand
Solo Brands, Inc. reported results in the first half exceeded expectations, but the parent of Solo Stove reduced its full-year outlook due to deteriorating trends so far in the third quarter.
Stio to Open New Storefront in Steamboat Springs, Adds Key Leadership Roles
The storefront will open in late September, its eleventh retail location and second in Colorado. Stio recently hired Senior Director of Retail Kris Nelson and Natalie Oshin joined the company as merchandising director.
Report: U.S. Highschools Offering Girls More Opportunity to Play Flag Football
A recent NSGA report shows that high schools are offering girls more opportunities to play flag football. Eleven states have officially sanctioned games, and Illinois and Colorado will add the sport in 2024. Montana offers the sport as a pilot program.
Traeger Narrows Q2 Net Loss as Margin Bump Partially Offsets Sales Declines
The net loss was $2.6 million, or 2 cents per diluted share, in the second quarter, compared to a net loss of $30.2 million, or 25 cents per diluted share in the second quarter of last year. GM rose 600 basis point year-over-year.
Beachbody Trims Q2 Loss, Sales Slide 18 Percent
The Beachbody Company, Inc. reported sales fell 18.3 percent in the second quarter ended June 30, but revenues still surpassed the midpoint of guidance with the net loss and adjusted EBITDA topping guidance.
GoPro’s Q2 Sales Drop Double-Digits
GoPro, Inc. reported sales declined 23 percent in the second quarter ended June 30, to $186 million, although results exceeded guidance and subscribers saw growth.
Bogs Drags Down Parent’s Q2 as Outdoor Retailers Exhibit Caution
Bogs posted a 33 percent decline in wholesale sales in the second quarter tumbled, but the parent Weyco Group is forecasting sales for the outdoor footwear brand would stabilize in coming quarters.
The Running Event Leaving Austin in 2025 but Stays Close to Longtime Home
The Running Event (TRE) is moving to San Antonio, TX, for TRE 2025 in November 2025, and the change looks to be permanent.
Under Armour’s Chief Consumer Officer to Exit
According to an SEC filing on Tuesday, August 6, Under Armour’s Chief Consumer Officer, Jim Dausch, will leave the company at the end of August “to pursue other opportunities.”
EXEC: Descente Ltd Gets China and South Korea Lift on Yen Depreciation
Fiscal Q1 net sales increased by 1.2 percent year-over-year (YoY) to ¥27,482 million, due to the positive effect of the yen’s depreciation, strong sales of the Descente brand, and Umbro growth in South Korea.
Sacks Parente Golf Saw Strong Sequential Growth Accelerate in Q2
The company said it had a “significant increase in orders received from Club Champion” during the quarter.
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