Unifi, Inc. reported sales fell 22.7 percent in the fiscal first quarter ended October 1 due to “weak demand and depressed ordering patterns” in the apparel sector. The makers of Repreve-branded recycled and synthetic yarns, based in Greensboro, NC. posted a loss in the period.
Category: Sports/Fitness
Lids Opens NBA Store in Houston
Lids, in partnership with Fanatics and the NBA, opened a second NBA-themed store in The Galleria in Houston, TX, its second flagship in the U.S. following its New York City store that opened in 2015.
Wilson to Open Store in Mall of America
Wilson Sporting Goods Co. celebrated the upcoming opening of its eighth retail store in the Mall of America last week.
October U.S. Employment Numbers Fall Short of Expectations
Many noted that the 150,000 increase in jobs and the 3.9 percent unemployment rate were in line with the pre-pandemic employment picture and some wondered if maybe, just maybe, the market was getting back to normal.
Report: Foot Traffic Data Sees Possible Boost for Sporting Goods Retail for Black Friday
Year-over-year visit gaps at Recreational & Sporting Goods chains, Electronics Stores and Department Stores widened significantly since the end of August, but more recent data looks a little more promising, with all three categories now seeing their visit gaps begin to shrink.
Topgolf Sets Opening for Venue in Mobile, AL
Topgolf announced plans to open a venue in Mobile, AL, on November 17, its third in the state, in addition to Birmingham and Huntsville.
EXEC: BOA, Primaloft and Velocity Outdoor Drag on Parent’s Q3 Results
Brand aggregator Compass Diversified saw Q3 sales decline 25 percent at BOA, 16 percent at Primaloft and fall 28 percent at Velocity Outdoor, while revenues grew 13 percent at Marucci Sports and 7 percent at 5.11. The company reported it was selling Marucci.
Compass Diversified Posts Flattish Q3, Sells Marucci Sports
Owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, reported that third quarter net sales were $569.6 million, down 1 percent compared to $575.8 million in the third quarter of 2022.
Fox Factory Slashes Guidance on Impact from Auto Strike/Elevated IBD Inventories
Fox Factory Holding Corp. reported third-quarter sales came in well below guidance while significantly lowering its outlook for the year due to the impact of the United Auto Workers strike and continued inventory destocking in bike channels.
Fox Factory to Acquire Marucci Sports
Fox Factory Holding Corp has reached an agreement to acquire Marucci Sports, the maker of baseball bats and gloves, from Compass Diversified (CODI) for $572 million.
EXEC: Titleist Parent Gains Q3 Boost from Healthy U.S. Golf Market
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported third-quarter earnings and sales topped Wall Street expectations on strength in the U.S. golf market. On an analyst call, David Maher, president and CEO, said the U.S. is outpacing markets overseas in both golf rounds played and consumer spend due to resilient golf enthusiasts.
NRF Sees 3 to 4 Percent Growth in Holiday Spending
The National Retail Federation (NRF) delivered its annual holiday forecast, predicting sales during November and December will be between 3 percent and 4 percent higher over 2022, similar to pre-pandemic levels.
Gildan Activewear Sees Modest Sales Growth in Third Quarter
Gildan Activewear, Inc. reported sales grew 2 percent in the third quarter with flat sales in activewear and gains in the hosiery and underwear category. Results were in line with expectations with the sales gains following several quarters of declines. The company, however, now sees sales and earnings landing at the lower end of guidance due to macroeconomic pressures.
Peloton Narrows Fiscal Q1 Loss as Company Gets Control of Inventory and Costs
Across the bike portfolio, the blended landed cost per unit was down 17 percent year-over-year as inventory sold last year was burdened with high historical inbound logistics costs. Last mile cost per delivery was down 36 percent year-over-year.
Titleist Parent Lifts Annual Earnings Outlook on Golf Club and Ball Strength
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported net earnings rose 10.6 percent in the third quarter on a 6.3 percent revenue gain. The increases were led by double-digit growth in club sales with with a 6.3 percent increase in balls. Revenue guidance for the year was reaffirmed and earnings guidance slightly raised.
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