UK-Based Whyte bikes has renewed its partnership with Hawk Bike Sales GmbH, the distributor of bike brands in the German and Austrian markets.
Author: SGB Media
Kizik Expands Distributor Network Across Italy, Taiwan and SE Asia
Kizik has now partnered with Wellforce Sports in Taiwan, Artcrafts in Italy, and Nyne Ventures in Southeast Asia, covering Singapore, Malaysia, Philippines, Thailand, Indonesia, and Vietnam.
Asics to Exit Baseball Equipment Biz; Shifts Attention to Running Category
Following a review of its domestic business portfolio, Asics will exit the baseball business adding that its resources for baseball equipment are “limited” compared to other sports products it produces.
EXEC: Lululemon to Fast-Track New Product but Cuts 2024 Guidance
Lululemon reported second quarter net revenue increased 7 percent to $2.37 billion, or increased 8 percent on a constant-currency (cc) basis. Analysts were looking for $2.41 billion. Earnings came in at $3.15 per share, above consensus estimates for $2.93 per share.
EXEC: Athleta’s Q2 Comps Decline as Expected; Expects Return to Growth in H2
In the second quarter, Athleta was expected to lap the balance of last year’s heavy discounting, and, as a result, the company planned for second quarter net sales to be down in mid-single-digits year-over-year.
Golftec Continues U.S. Expansion, Opens Second Center In Omaha
The 3,300 square foot facility, has five hitting bays for lessons with in-house instructors, the latest technology for use to practice and a fitting service to select the best clubs for play.
MasterCraft Closes Brutal Fiscal Year for Boats; Sees Continued Decline in 2025
Looking ahead, the company expects consolidated net sales to be between $265 million and $300 million, with Adjusted EBITDA between $15 million and $26 million, and Adjusted earnings per share of between 36 cents and 87 cents.
Topgolf to Open Doors in Greensboro
Topgolf will open its doors in Greensboro on September 13—its fourth venue in North Carolina, with locations in Charlotte and Durham. The site will employ roughly 300 people and is its 102nd global outdoor venue.
Armament Systems and Procedures Appoints New SE Sales Director
Rene Ramos comes to ASP after a 21-year career in law enforcement, retiring this year from the Sheriff’s Department in Hillsborough County, FL. Before his time in law enforcement, Ramos reportedly served in the U.S. Marine Corps.
Duluth Trading Returns to Top-Line Growth in Q2 Despite Store Decline
Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
LAX Ammunition to Open New Store In Southern Cal
The new store, opening this fall in Laguna Hills, is the fifth for the Southern California retailer and the second to open within the past year.
EXEC: Birkenstock Shares Fall as Sales and Earnings Miss Consensus Estimates
Revenue growth reportedly benefited from increased sales of closed-toe silhouettes, which grew at over twice the brand average and closed-toe penetration increased 400 basis points year-over-year.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle
North America overall comps were up 1.7 percent for the quarter, led by Foot Locker North America, which delivered a comp increase of 5.9 percent.
EXEC: Wall Street Reacts as Foot Locker CEO Talks Turnaround Plan and Positive Q2 Comps
FL shares have been on a bit a roll, with the stock up 24 percent in the last month and 42 percent over a three-month period, but the Q2 results weren’t positive enough to build on that momentum as FL shares fell in double digits on Wednesday.
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