Lands’ End Inc. reported earnings more than tripled in the second quarter ended July 30 as sales grew 23.1 percent.
Author: SGB Media
NPD Report: Back-To-School Athletic Footwear Sales Off To Healthy Start
Overall athletic footwear sales in the first six weeks of the back-to-school season, ending August 14, 2021, grew by 20 percent versus 2020 and in the high-single-digits versus 2019, according to the NPD Group.
U.S. Tennis Sales Surge In The First Half
New figures from The Tennis Industry Association and Sports Marketing Surveys show robust growth in U.S. tennis racquet, ball, and string sales in 2021.
Tilly’s Announces Record Quarterly Net Sales And Earnings
Tilly’s Inc. reported earnings nearly quadrupled in the second quarter ended August 1 as sales gained 49 percent.
Nordstrom’s Debt Ratings Lowered By Moody’s
Moody’s Investors Service downgraded Nordstrom Inc.’s debt ratings because its performance lagged the recovery demonstrated by many of its department store and off-price peers in 2021.
The Gap’s Debt Upgraded On Improving Operating Momentum; Outlook Positive
S&P Global Ratings raised its debt ratings on Gap Inc. reflecting improving operating performance, strengthening credit metrics, and supported by a favorable macroeconomic backdrop.
Legacy Sports Appoints Mid-West Sales Director
Legacy Sports International announced the hiring of Darren Jacobson, Mid-West sales director, whose territory includes Wisconsin, Minnesota, Missouri, Iowa, and Illinois.
Whoop Acquires Push
Whoop announced the acquisition of Push, a Toronto-based sports technology startup, in a cash and stock transaction.
Smith & Wesson Gets Fiscal Q1 Lift From New M&P12 Shotgun, Increased Production
Despite difficult comps versus very strong results from the comparable period last year, Smith & Wesson Brands Inc. utilized increased manufacturing capacity and relied on consumer product preferences and increased market share to post-sales growth of nearly 20 percent.
Duluth Holdings Q2 Sales Gain 9 Percent, Unveils Big Dam Blueprint Plan
Duluth Holdings Inc. reported earnings rose 52.5 percent in the second quarter ended August 1 as sales grew 8.6 percent. The apparel retailer also unveiled a new Big Dam Blueprint improvement program that follows the appointment of Sam Sato as CEO.
G-III Apparel’s Q2 Sales Vault 63 Percent
G-III Apparel Group, Ltd. raised its full-year guidance after reporting second-quarter sales and earnings topped expectations.
Nautilus To Acquire Motion Technology Start-Up
Nautilus Inc. announced that it has entered into a definitive agreement to acquire VAY, a motion technology company. The acquisition gives Nautilus the ability to scale its JRNY digital platform with additional technologies to advance its motion tracking capabilities for real-time data analysis during workouts.
The Buckle’s August Comps Expand 43 Percent
Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 28, 2021, increased 42.7 percent year-over-year.
NICS Firearms Background Checks Again Slide In August
The August 2021 NSSF-adjusted National Instant Criminal Background Check System (NICS) decreased 21.1 percent in August against inflated demand a year ago tied to the pandemic.
Genesco Delivers Record Second Quarter
Genesco Inc. delivered record second-quarter profitability for its footwear businesses that far exceeded expectations. Sales were up 25 percent at Journeys, up 48 percent at Schuh, and ahead 154 percent at Johnston & Murphy.
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