Emerald Holding, Inc. had a net loss of $46.5 million for the second quarter 2021 as it continues to be negatively impacted by event cancellations due to the COVID-19 pandemic.
Author: SGB Media
Newell’s Outdoor & Recreation Segment Delivers 28 Percent Growth In Q2
Newell Brands Inc. reported its Outdoor & Recreation segment generated net sales of $453 million in the second quarter compared with $353 million in the prior year period, a gain of 28.3 percent. The improvement reflects core sales growth of 25.0 percent and the impact of favorable foreign exchange. Net sales exceeded the 2019 level.
VF Corp. Lifts Outlook On Q1 Beat
VF Corp. raised its earnings and sales guidance for its fiscal year after reporting results in the first quarter ended June 30 easily topped Wall Street targets. Overall sales in the quarter grew 96 percent in constant dollars. Among major brands, sales grew 102 percent at Vans, 83 percent at The North Face, 63 percent at Timberland and 58 percent at Dickies.
Poler Stuff Opens New Store
Poler Stuff will open the doors of its second Pacific Northwest-based flagship store on August 2.
Topgolf Opens First NY Location On Long Island
Topgolf Entertainment Group is set to open its 71st global venue in Holtsville, NY on July 30. This is the first location for the brand in New York.
RECALL: Birkenstock Kids’ Mogami Sandals
About 15,200 Birkenstock Kids’ Mogami sandals are being recalled. A plastic rivet can detach from the sandal’s ankle strap, posing a choking hazard for young children.
Global Brands Group North American Arm Files For Chapter 11
GBG USA Inc., a subsidiary of Global Brands Group Holding Ltd., filed for Chapter 11 bankruptcy protection in New York Thursday. It will use Chapter 11 to auction its U.S. assets, including the Aquatalia brand, according to a regulatory disclosure.
Former Disney Innovation Exec To Speak At NSGA Conference
The National Sporting Goods Association (NSGA) reported that Duncan Wardle, who played an instrumental role in the innovation and creativity of Disney for three decades, would serve as the opening speaker at the 2021 NSGA Management Conference.
CODI’s Q2 Revenues Gain 46 Percent
Compass Diversified (CODI) reported sales grew 46.1 percent in the second quarter ended June 30. Adjusted EBITDA nearly doubled.
Deckers Brands Blows Past Wall Street Targets
Deckers Brands reported a surprise profit in the first quarter ended June 30 as sales surged 78.2 percent. Ugg’s sales grew 70.8 percent and Hoka One One soared 95.5 percent. The company slightly raised its guidance for the year.
Inside The Call: Vista Outdoor Posts Fourth Straight Record Quarterly Performance
Representing its fourth consecutive quarter of record performance on strength across both its Outdoor Products and Shooting Sports segments, Vista Outdoor reported sales grew 38.4 percent in the first quarter ended June 27 and predicted sales would climb approximately 25 percent in the second quarter.
Outtech Partners With Ani-Logics Outdoors
Ani-Logics Outdoors, a maker of deer nutrition products, announced its partnership with Outtech to support its national sales representation partner across multiple channels.
Vega Acquired By Private-Equity Firm
Vega, the plant-based protein powder brand, has been acquired by WM Partners, a private-equity firm based in Aventura, FL.
Blenders Eyewear Expands International Push
Blenders Eyewear, part of Safilo Group, said that following the go-live of its e-commerce platform in Canada and Australia in the first quarter of 2021, it will enter the United Kingdom and Ireland, targeting Europe’s largest e-commerce audiences.
Silofit Raises $10.25 Million In Series A Funding
Silofit announced that it had raised US$10.25 million (CAD$12.75 million) in Series A funding with US$2 million (CAD$2.5 million) in debt financing from Silicon Valley Bank. The creator of micro-gyms also announced a partnership with Technogym.
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