Allbirds has opened a new retail store and community center at Atlanta’s Ponce City Market. It is the brand’s first store in the Atlanta area and 30th worldwide.
Author: SGB Media
Hibbett Boosts Guidance As Q2 Far Exceeds Analyst Estimates
Hibbett Inc. raised its outlook for the year after reporting second-quarter results that came in well above Wall Street targets. Same-store sales declined 6.4 percent year over year but represented a surge of 72.8 percent compared to the second quarter of 2019.
PeopleForBikes Announces Investments To Grow Electric Bicycle Market
PeopleForBikes recently hired Ash Lovell, Ph.D., as its new electric bicycle policy and campaign director and is in the process of hiring an eMTB policy and program manager as its commitment to more resources to support the use of, and access to, ebikes across the U.S.
Wolverine Worldwide Provides Update On Actions To Optimize Capital Structure
Wolverine World Wide Inc. provided an update on actions it has taken to increase the liquidity and flexibility of its capital structure, primarily through the sale of $550 million of 4.000 percent Senior Notes due 2029.
F45 Training’s Second-Quarter Sales Climb 54 Percent
F45 Training Holdings Inc. reported a modest improvement in operating earnings on an adjusted basis in the second quarter ended June 30 as sales jumped 54 percent.
Outdoor Voices To Open Store In Denver
Outdoor Voices plans to open a store this fall in Denver, CO at the River North Art District section of Five Points.
Athleta’s Q2 Comps Gain 13 Percent Year-Over-Year
Athleta’s net sales were up 35 percent in the second quarter versus 2019, according to its parent, Gap Inc. Comparable sales at Athleta grew 13 percent year-over-year and 27 percent versus 2019.
Peloton’s Q4 Loss Comes In Worse Than Expected
Peloton Interactive reported a wider quarterly loss than expected as revenue growth slowed and costs expanded due to a massive treadmill recall. The company also said it’s reducing the price of its original at-home exercise bike for the second time in a year.
Resale Startup Trove Raises $77.5M
Trove, a Brisbane, CA-based branded recommerce company, raised $77.5 million in Series D funding. The round, which brought Trove’s total funding to date to $122.5 million, was led by G2 Venture Partners with participation from Bank of Montreal, Capital One Ventures, Commerce Ventures, and Wellington Management.
Gap Inc. Acquires E-Commerce Startup Drapr
Gap Inc. has acquired Drapr, an e-commerce startup and online tech application where customers can create 3D Avatars and virtually try on clothing.
Urban Outfitters Sees Q2 Sales Improve 20.3 Percent Against Q219
Urban Outfitters reported net sales for the three months ended July 31 were a record $1.16 billion. Net sales increased 20.3 percent compared to the three months ended July 31, 2019.
Black Diamond To Replace Batch Of Ascension Nylon Climbing Skins
Black Diamond announced it is voluntarily replacing a batch of its Ascension Nylon Climbing Skins produced from January to March 2021.
Golf Rounds Played Slide In July
U.S. golf rounds played were down 3.9 percent in July 2021 against a surge in play in the year-ago period due to the pandemic, according to Golf Datatech. For the year-to-date period, rounds played are ahead 16.1 percent.
Shoe Carnival Increases 2021 Guidance After Q2 Surge As Sifford Hangs Up Cleats
Cliff Sifford participated in his final earnings conference call with analysts as Shoe Carnival CEO this week as the family footwear retailer once again reported fiscal Q2 results that exceeded expectations and drove the family footwear retailer to increase its third-quarter and full-year guidance.
SFIA Endorses Ocean Shipping Reform Act
SFIA announced it supports Congress in its recent proposed legislation to ease U.S. companies’ challenges regarding shipping during the pandemic.
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