Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
Author: SGB Media
U.S. Manufacturing Sector Contracted in July for Fourth Consecutive Month
The ISM is reporting that economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months.
Johnson Outdoors Sees Fiscal Q3 EPS Fall Nearly 90 Percent Year-over-Year
The company reported that challenging marketplace conditions, primarily due to lower consumer demand for outdoor recreation products and heavy promotional activity, impacted performance.
JD Sports, Nike’s First Global Retail Connected Member Partner
Through the partnership, JD’s U.S. customers can access select Nike members-only footwear and clothing by linking their JD Status and Nike membership accounts through the JD app or website.
Rally House Opens Two Stores In Upstate New York
Rally House opened stores in Syracuse and Buffalo. The sports fan chain now operates three stores in the state.
Geox Sales Slid 9.4 Percent in H1 Due to Wholesale Weakness
Geox reported consolidated sales for the first six months amounted to €320.4 million, decreasing by 9.4 percent compared to the previous year or down 8.0 percent at constant exchange rates, primarily due to the negative performance of the Wholesale channel and Franchising, only partially offset by the positive trend of the Direct Digital channel.
KGM Technologies Appoints Founder as New President
Founder Kyle Grob was appointed president. Grob has served as chief technology officer for the past six years. Jeff Andrews, company chairman, was promoted to executive vice president, assisting in the day-to-day operations of the growing company.
Racketpro Appoints CEO
Offering training and education for coaches and professionals in the world of racket sports, Racketpro appointed Dan Santorum as CEO. Formerly he was president of the Professional Tennis Registry.
EXEC: Jobs Report Sends Markets Lower on Concerns Over U.S. Economy
The U.S. economy only added 114,000 non-farm payroll jobs in July, fewer than the 175,000 expected by economists. The unemployment rate rose to 4.3 percent — its highest level since October 2021.
EXEC: Xponential Fitness Shares Fall as Company Misses on Q2
XPOF shares fell more than 20 percent overnight after the company missed revenue targets, lowered guidance and posted a loss for the 2024 second quarter.
Brompton T-Line Foldable Bike Faces Recall
A loss of alignment between the handlebar and front wheel due to insufficient torquing of steerer clamp bolts could cause a rider to lose control and fall.
Colt CZ Appoints Board Member
Musil is the CEO of Sellier & Bellot, a.s., a firearms ammunition manufacturer based in Vlašim, Czech Republic, and a subsidiary of Colt CZ. Musil has worked for the company since 1999. Previously, he worked for the Czech company Ton.
Skechers Launches Footwear Collection With John Deere
The new work, outdoor and fashion offering for men and children pairs John Deere’s iconic heritage with Skechers comfort technologies.
Topgolf’s “The Sure Thing” Made for the Thrill of Hitting the Ball
Topgolf dubbed the golf club “The Sure Thing,” to increase the likelihood of hitting the ball into the air and “experiencing that euphoric feeling that comes from a shot well hit.”
Allbirds Taps Belle Fashion Group as Greater China Partner
Belle Fashion Group is now the exclusive distributor and licensee for Allbirds in mainland China, Macau and Taiwan. The deal was effective at the end of June.
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