Third quarter net revenue decreased to $318.6 million for the period ended November 1. Excluding the impact of transitioning kids and footwear products to licensing arrangements, net revenue increased in the low-single digits year-over-year.
Author: SGB Media
Academy Sports and Outdoors Board Approves New Share Repurchase Program
This new share repurchase program totaling $700 million replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter, and is effective as of December 4, 2024, for a period of three years.
Amer Sports Prices Upsized Public Share Offering at $23.00 Per Share
The parent of the Arc’teryx, Salomon and Wilson Sports, brands, among others, has priced its upsized public offering of 40.8 million ordinary shares at a price of $23.00 per share. The closing of the offering is expected to occur on December 6, 2024.
Hicks Inc. to Distribute X-Vision Optics
This partnership ensures more retailers and consumers can access X-Vision Optics’ advanced technology while serving the outdoor community.
The Buckle Sees 2.5 Percent Comp Store Sales Growth in November
Net sales for the 4-week fiscal month increased 10.8 percent to $117.5 million from net sales of $106.0 million for the prior-year 4-week fiscal month ended November 25, 2023.
Duluth Trading Cites Weaker Web Conversion Rates, Slower Store Traffic, in Q3 Miss
The company said it saw growth in its average order value and a double-digit increase in digital traffic, but it was not enough to offset the year-over-year contraction in transactions. Top line trends improved leading into Black Friday week and continued through cyber Monday.
Silencer Central Breaks Ground on New Facility
The 60,000-square-foot facility will house inventory and distribution lines for all Silencer Central products and research and development infrastructure, including an indoor shooting range.
Liberty Ammunition Partners with Odle Sales Nationwide
Odle Sales is a manufacturer’s rep agency with experience in ammunition for the commercial and law enforcement markets. The company has 40 professionals on its team, including law enforcement.
PGA of America Golf Pro and Board Director Earns PGA Master Pro Designation
The highest education designation a PGA of America golf professional can obtain, Steve Parker is a Northern Ohio PGA Section member. He joins a unique group as the 452nd to earn Master Professional status in Teaching and Coaching.
Famous Footwear Parent Cuts Full Year Guidance as Weak YTD Trends Flow into Q4
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands is the latest retailer to reduce its full-year guidance as sales and earnings came in under expectations.
NBC Sports Names Kevin Kisner Lead Analyst for Golf Coverage
Kisner will serve as lead analyst for the majority of men’s golf events on NBC, including the U.S. Open, the Open Championship, the Players Championship, the FedExCup Playoffs, and the Ryder Cup. He will also maintain a limited playing schedule on the PGA Tour.
Tommy and Calvin’s Parent PVH Corp. Sees Q3 NA Sales Decline for Both Boys
The parent of the Tommy Hilfiger and Calvin Klein brands beat its top- and bottom-line guidance for the third quarter, fueled by a “relentless execution” of the company’s PVH+ Plan.
Salesforce: Global Online Sales Reach All-Time High of $315B During Cyber Week
The company said data analyzed for the Cyber Week period revealed a record $314.9 billion in global online sales, with U.S. consumers contributing $76 billion of the total number.
ThredUp Completes Divestiture of European Business
The online reseller of apparel, shoes and accessories, announced today that it entered into a binding agreement to divest its European business, Remix, in a management buyout led by Florin Filote, the general manager of Remix.
Rapala VMC Hires Regional Sales Manager for Eastern U.S., Sourth Central Territories
As the company’s new Regional Sales Manager, Pete Przepiora is focused on the Eastern U.S., Texas, Arkansas, Louisiana, and Oklahoma, working with Rapala VMC’s retail partners and distributors.
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