Clarus Corp. reported that Black Diamond’s sales improved sequentially from the second quarter and were down modestly in the third quarter as the North American region showed signs of stabilization to offset softness in its European business.
Category: Apparel
Charm City Run to Relocate Two Stores in 2024
Baltimore, MD-based Charm City Run announced plans to relocate both its Timonium and Annapolis, MD stores in 2024 to nearby larger spaces.
NSGA Renames Annual Event to NSGA Leadership Conference
The National Sporting Goods Association (NSGA) renamed its annual conference from the NSGA Management Conference & Team Dealer Summit to the NSGA Leadership Conference.
Under Armour Lowers Revenue Outlook on Continued North American Weakness
Under Armour, Inc. reduced its revenue forecast for its fiscal year due to continued softness in the North American marketplace while raising its margin targets. The adjustments came as UA sales and earnings in its fiscal second quarter, which ended September 30, arrived ahead of analyst expectations.
Clarus Lowers Outlook for Second Straight Quarter
Profits at Clarus Corp. fell 41.2 percent on an adjusted basis in the third quarter ended September 30 as sales declined 13.5 percent. By segment, sales were down 2.9 percent in Outdoor (Black Diamond, Pieps) and plunged 45.0 percent in Precision Sports (Sierra, Barnes) while gaining 8,6 percent in Adventure (Rhino-Rack, Maxtrax).
EXEC: BRC Sees Cautious UK Consumer Spending Stalling in October
The BRC reported that total UK retail sales increased 2.5 percent in October. The number was said to be below the three-month average growth of 3.1 percent and the 12-month average growth of 4.2 percent as reported by the BRC.
REI Co-Op Appoints VP of Foundation Technology
Guillaume Ledieu joined the company as vice president of foundation technology, a newly created role focused on “supporting the advancement of REI’s foundational business capabilities to drive operational efficiencies and effectiveness of its end-to-end value chain.”
PrimaLoft Hires Anne Cavassa as New President
PrimaLoft, Inc. hired industry veteran Anne Cavassa as president, joining CEO Mike Joyce. She assumes responsibility for day-to-day operations, and the two will collaborate to advance company growth.
Free Fly Taps Former Quiksilver VP to Run Global Wholesale Effort
An industry veteran and advocate for surfing, Reilly brings his “knowledge, enthusiasm and connections within the surf industry to his new role.”
Sports Basement to Open Store in Long Beach
Sports Basement is opening a location in a former Sears store in Long Beach, CA. The opening will mark the Bay Area sporting goods chain’s second location in Southern California after opening in Fountain Valley in 2022.
ISPO Partners with Joor on Long-Term Deal
The giant sports tradeshow ISPO Munich and digital wholesale ecosystem JOOR have entered into a long-term partnership that aims to enhance and extend the digital selling opportunities available to ISPO brands.
Zelig Secures Funding Led by Hilco
Zelig, based in Los Angeles, reported it secured $15 million in Series A funding to support the launch of its AI-powered virtual try-on and styling technology (VTO-S). Hilco Global led the funding round, joined by luxury investor Bezikian Zareh, which brings the company to a $100 million valuation.
Lightspeed Commerce Revenues Jump 25 Percent in Fiscal Q2
The POS and payments platform used in the bike shop segment, with expansion into other active lifestyle specialty retail segments, reported strong fiscal Q2 progress in its key fiscal 2024 objectives.
Grand Rapids’ Al & Bob’s Sports to Close
Al & Bob’s Sports, the hunt & fish shop in Grand Rapids, MI, is closing after more than five decades.
Ebay opens Canal Street Wear store in NYC
The company said the streetwear industry is estimated to be worth more than $180 billion and global searches for streetwear have increased by more than 150 percent since the beginning of the year on eBay.
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