Foot Locker Inc. reported earnings and sales that came in well above pandemic-impacted year-ago levels as well as easily ahead of Wall Street’s targets. Total sales increased 83.1 percent year over year. As compared to the first quarter of 2019, total sales advanced 3.6 percent.
Author: SGB Media

Alterra Mountain Company Names New President and COO Of Solitude Mountain Resort
Alterra Mountain Company announced that Amber Broadaway has been selected as President & Chief Operating Officer of Solitude Mountain Resort in Utah.

PeopleForBikes Board Meets Virtually To Expand On + Off Road Cycling
PeopleForBikes Coalition Board of Directors, comprised of 22 bike industry leaders, met virtually for its semi-annual meeting on May 18.

Ross Stores Sees 17 Percent Q1 Gain
Ross Stores Inc. reported earnings per share for the 13 weeks ended May 1, 2021 grew 17 percent to $1.34 on a two-year basis on net income of $476 million.

Deckers Brands’ Q4 Eclipses Wall Street’s Targets
Deckers Brands reported earnings and sales in the fourth quarter ended March 31 came in well above Wall Street’s consensus targets. Sales grew 49.7 percent with sales ahead 53.1 percent at Ugg and 74.2 percent at Hoka One One.

Dometic Acquires Front Runner Vehicle Outfitters
Dometic has entered into an agreement to acquire Front Runner Vehicle Outfitters, a provider of roof racks, load bars, storage solutions, and off-road accessories.
Astral Signs Pro Surfer Garrett McNamara As Brand Advisor
Astral announced it had signed pro surfer Garrett McNamara as a strategic advisor to the brand. McNamara will provide product testing, assist in product development and advise in marketing to saltwater users, including surfers, as the brand expands into that market. “Garrett came into my focus when I lived, and surfed almost daily, in Indonesia […]

Kathmandu Appoints New CEO
Kathmandu Holdings Limited announced the appointment of Michael Daly, CEO of Rip Curl, as group chief executive officer and managing director following the resignation of Xavier Simonet, chairman of Kathmandu Holdings.

Arc’teryx Appoints VP, Brand
Arc’teryx Equipment announced the appointment of Karl Aaker to the role of VP, brand, effective immediately. He formerly worked for Lululemon and Nike.

Kohl’s Hikes Outlook As First-Quarter Results Far Exceed Expectations
Kohl’s Inc. significantly increased its earnings outlook for the year after reporting first-quarter results that came in well ahead of Wall Street’s targets. Said Michelle Gass, Kohl’s CEO, “We saw momentum build through the quarter, especially in our stores where we continue to elevate the experience.”

Shoe Carnival Sees Record First Quarter Profits
Shoe Carnival Inc. reported earnings in the quarter ended January 30 came in significantly higher than Wall Street’s targets as sales more than doubled against a pandemic-depressed year-ago period. Comparable store sales increased of 125.8 percent and an all-time high store conversion rate was achieved.
Arc’teryx Launches ReBird Circularity Program
Arc’teryx is launching ReBird, a program that connects customers to its ongoing initiative in circularity, including upcycling, resale, care, and repair. ReBird marks the company’s commitment to shift from a take-make-waste ethos by adopting and evolving a circular way of operating. It also contributes to the brand’s science-based targets to reduce greenhouse gas emissions by […]

Peloton Releases Software Fix For Recalled Treadmills
Peloton released a software update for its treadmills to address safety issues that followed a massive recall.

Dakine + John John Florence Collaborate On Surf Collection
Dakine, building on its partnership of over 20 years with World Champion professional surfer John John Florence, has collaborated on a collection of surf products and accessories. The Hawaiian-born Florence is one of five surfers to win back-to-back world titles and will represent the U.S. in surfing’s inaugural appearance in the upcoming Tokyo Summer Olympics. […]

TJX’s Q1 Results Beat Wall Street Expectations
TJX Cos. reported earnings and sales came in well ahead of year-ago pandemic-impacted levels and easily topped Wall Street targets. TJX’s report also indicated that Sierra Trading had 52 locations open at the close of the quarter, up from 48 a year ago.