The company said its improved profitability relative to last year resulted from higher sales and lower distribution and incentive costs, which were partially offset, as expected, by lower merchandise margins.
Category: Outdoor
ORR Appoints Program and Administrative Director
Cassie Elrod joined ORR from Outside Interactive, Inc., where she was commercial counsel and played a “pivotal role in project management and legal support” for its inaugural Outside Festival in June 2024.
Unifi, Inc. Narrows Fiscal Q4 Loss on Americas and Brazil Segment Share Gains
The company reported that subsequent to quarter-end, the company reported that it launched two new innovative Repreve Fiber products that will help support future growth.
Deuter Taps Michael Duffy as NSM; Makes Other Key Management Moves
In addition to Duffy’s hire, Scott Park has transitioned from sales leadership to a new role as product line manager, and Amy Parulis was promoted to marketing and communications manager.
BJ’s Wholesale Club Profits Expand in Q2 as Comps Increase 3.1 Percent
Excluding the impact of gas, comparable club sales increased by 2.4 percent in the second quarter compared to the fiscal 2023 Q2 period.
EXEC: Hibbett’s New Parent Saw North America Outpace UK and Europe in Q2
Second-quarter comparable store sales were reported to be strongest in North America, with 5.7 percent comp sales growth year-over-year. The region also led in organic sales growth.
Eurobike Names Martina Rumschick Head of Brand & Content
Since founding Fairnamic in 2021, Martina Rumschick has supervised Eurobike as a project manager, starting with the inaugural event in Frankfurt and has played a significant role in shaping its development.
Aeroe Taps Coast 2 Coast Distribution for U.S. Distribution
The New Zealand-based brand said it is growing quickly in North America, and the appointment of the California-based Coast 2 Coast team allows the company to “supercharge” its efforts.
Target Corp. Ups Full Year EPS Guide After Retailer Returns to Growth in Q2
Based on strong profit performance in the front half of the year, the company said it now expects full-year GAAP and Adjusted EPS of $9.00 to $9.70 per share, up from the prior range of $8.60 to $9.60 per share.
TJ Maxx Parent Adds Four Doors to Sierra Count, Invests in GCC Retail Brand
TJX is taking a 35 percent stake in Brands for Less, which is currently located in the Gulf Cooperation Council (GCC) area. Based in Dubai, it is the region’s only major off-price branded apparel, toys, and home fashions retailer.
Grassroots Elects New Board Officers, Adds Board Members
Grassroots Outdoor Alliance, the national organization of independent outdoor specialty retailers, recently elected new officers and welcomed three new board members.
Macy’s, Inc. Swings to Q2 Profit But Lowers Guidance on Consumer Caution
Macy’s, Inc. reported it updated its annual outlook to reflect a more discriminating consumer and heightened promotional environment relative to its prior expectations.
EXEC: Salomon Sees North America Q2 Wholesale Cut into 55 Percent Jump in Global DTC
Amer opened 27 Salomon shops in Q2 in Greater China, bringing the total count for the brand to 136 doors. Wholesale sales declined slightly for the quarter, negatively impacted by slower pre-orders in the North America sporting goods and ski channels, which increasingly relies on replenishment orders.
Fleet Feet Adds Key Execs in Store Support, Supply Chain and Business Ops
Amy Diebler joins the company’s store support team as chief financial officer, Mary-Chelsea Banister joins as vice president of supply chain transformation, and Kevin Staudt joins Fleet Feet as vice president of business operations.
EXEC: Arc’Teryx Was Still Firing on All Cylinders in Q2 as DTC Led the Way
Technical Apparel segment growth was fueled by 39 percent DTC expansion, including a 26 percent omni-comp result, which was considered “a great result” as it had to comp against an 80 percent omni-comp last year in the second quarter.
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