North America led the world lower as bot the U.S. and Canada both posted negative sales growth for the quarter. Mountain Hardwear was a winner for Q2, while Sorel and Prana posted DD declines. Columbia brand was down 4 percent year-over-year.
Author: SGB Media
Deckers Brands Blows Past Fiscal Q1 EPS Targets on Hoka Momentum
Earnings in the fiscal first quarter ended June 30 came in well ahead of analyst targets, boosted by a spike in gross margins and 22.1 percent sales growth. Hoka once again led top-line gains, which saw sales jump 29.7 percent. Ugg’s sales gained 14.0 percent.
Skechers Raises FY Outlook as Q2 Tops Guidance
Skechers U.S.A., Inc. raised its full-year outlook after reporting earnings in the fiscal second quarter ended June 30 came in slightly ahead of company guidance on DTC strength. Earnings in the quarter slipped 5.1 percent on a 7.2 percent revenue gain.
Winchester Sees Q2 Military Growth Offset Weaker Commercial Sales
Winchester sales for Q2 were $406.0 million, compared to $366.6 million in Q2 2023, due to higher international military sales and White Flyer sales, partially offset by lower commercial ammo sales.
Lanvin Group Appoints Paul Andrew Creative Director, Sergio Rossi
Lanvin Group, the parent of Sergio Rossi, said that Paul Andrew is a “leading voice in the new generation of design talent” after cultivating his expertise alongside Donna Karan, Calvin Klein, Narciso Rodriguez, and the late Alexander McQueen.
Boston Pickle Club Signs Lease for Second Location in Greater Boston
The 28,000-square-foot indoor club in Norwell will operate on a membership-based model. The club will also offer professional instruction catering to all ages and skill levels.
Asics To Raise $1.2 Billion In Secondary Stock Offering
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
CPSC Recalls Camzimo Bicycle Helmets Due to Risk of Head Injury
The CPSC advises customers who purchased the helmets to “cut the straps and dispose of the bicycle helmets immediately. Do no sell or give them away these hazardous bicycle helmets.”
Report: Travel Trailers Drive Growth for June Total RV Shipments
Travel Trailers was the only positive category in the total RV shipments, growing 16.3 percent and accounting for the positive shipments for All Towable RVs.
Strava Appoints Tech Vet as General Counsel
Daniel Li joins Strava as the platform accelerates its product velocity. Since the spring, Strava has welcomed Matt Salazar as chief product officer and Rob Terrell as chief technology officer.
Tour Edge Appoints Golf Industry Vet as President
Long-time golf industry leader Tim Clarke as president, effective August 5. Current President David Glod will become CEO. He remains the majority owner and chief golf club designer of the brand, which he founded in 1986.
EXEC: JD Sports Completes Acquisition of Hibbett Sports
Hibbett is now part of JD and will cease to be a stand-alone publicly traded company. Mike Longo will continue as president and CEO of Hibbett and Jared Briskin is now chief operating officer.
Robalo and Chaparral Parent Sees Q2 Profits Sink as Sales Fall 40 Percent
The decrease in net sales was primarily due to a 41 percent decrease in the number of boats sold during the quarter. Price/mix was up 1 percent, driven by higher gross selling prices.
Cirrus Cycles Appoints Lindsay Cousley as New President
Prior to consulting, Cousley reportedly spent 20-plus years driving sales across multiple brands in the outdoor, run and bicycle specialty channels including 2XU, Nathan, Crumpler, and Bridgedale Socks.
Nite Ize Secures Shape Trademark for S-Biner Dual Carabiner
The company secured a trademark for the visual appearance of its S-Biner Dual Carabiner in stainless steel and plastic from The U.S. Patent & Trademark Office.
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