Compass Diversified,Inc., saw revenue growth in the double-digits in the second quarter across its active-lifestyle businesses, including Boa, Primaloft, 5.11 and Velocity Outdoor. Overall profitability also saw a strong uptick, although overall sales fell due to weakness in its industrial businesses.
Category: Sports/Fitness
GoPro’s Q2 Sales Slump 31 Percent on Hardware Declines
GoPro, Inc. reported a steeper loss on an adjusted basis in the second quarter ended June 30 as revenues fell 31 percent. GoPro was able to deliver 11 percent growth in subscription and service revenue.
Beachbody Logs Q2 Profit Against Year-Ago Loss, Sales Slide 22 Percent
The Beachbody Company Inc. (BODi) reported sales declined 22.4 percent in the second quarter but exceeded the midpoint of guidance. The provider of at-home workout programs and owner of a nutritional supplements business also saw profits exceed the top level of projections.
EXEC: Dick’s SG Earns Upgrade on Foot Locker Recovery Prospects
Wells Fargo upgraded Dick’s Sporting Goods to “Overweight” from “Equal Weight,” citing a multi-year recovery story driven by the Foot Locker acquisition and strengthening core operations. Analyst Ike Boruchow also sees Dick’s as the optimal vehicle for investors to capitalize on the potential product turnaround at Nike.
EXEC: Yonex Delivers Double-Digit Growth Across All Categories in Fiscal Q1 2027
In the Sporting Goods Division, overseas sales grew and net sales increased across all sports. The company’s strengthened “Head-to-Toe” approach was highlighted repeatedly as driving higher sales of footwear and apparel.
NRF: Retailers ‘Well Stocked’ with Early Orders Placed Ahead of New Tariffs
Retailers ordered goods earlier than typical this year to avoid new tariffs that went into effect on July 24, leading to an early peak season for import cargo, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. Import volume at the nation’s major container ports is expected to remain high this month before starting to decline for the remainder of 2026.
July CNBC/NRF Retail Monitor Report Shows Retail Sales Climb for 10th Consecutive Month
Retail sales rose again in July, marking the 10th consecutive month of gains, according to the CNBC/NRF Retail Monitor released by the National Retail Federation. Sales grew 8.3 percent year-over-year at general merchandise stores and 6.6 percent at clothing and accessories stores while declining 3.3 percent at sporting goods, hobby, music and book stores.
EXEC: Ellesse Establishes U.S. Headquarters in Dallas, Relaunches E-Commerce in U.S.
Ellesse, which is relauching in the U.S. through a licensed partnership with The Iconic Brand Corporation (TIBC), has established new U.S. headquarters in Dallas, officially relaunched its U.S. e-commerce platform on ellesse.us, and plans to open a flagship store in Dallas.
EXEC: Daiwa Parent Posts Solid Fiscal Q1 Growth but Lowers H1 Profit Forecast
Globeride, Inc. reported that, in light of recent performance trends, a decision was recently made by the company’s Board of Directors to revise the financial results forecasts for the six months ending September 30.
EXEC: Mizuno’s Sales Rise Double-Digits in Fiscal Q1, Profits Hit Quarterly High
Mizuno Corp. reported net earnings rose 23.5 percent in the fiscal first quarter ended June 30 as sales advanced 12.6 percent, with both sales and profits reaching quarterly highs. Sales in the Americas climbed 15.8 percent, with gains led by golf, while the running and baseball categories also saw gains.
EXEC: UA’s Kevin Plank Won’t Take Shortcuts in Premiumization Efforts
Under Armour disappointed investors by lowering its sales outlook for the fiscal year due to deteriorating traffic trends in North America and Asia Pacific amid an increasingly promotional marketplace. However, Kevin Plank, UA’s CEO, told analysts the brand remains committed to full-price selling and won’t be turning to markdowns to drive volume. He said, “That’s not the outcome we wanted on the top line, but it does reflect a business that is more disciplined and flexible than it was just a year ago.”
EXEC: JD Sports Fashion Names Former Ikea CEO as New Board Chair
Peter Agnefjäll is currently non-executive director of WPP and was a member of the Board of Directors at Orkla from 2018 to 2026. His previous non-executive roles also include footwear retailer Deichmann and Wizz Air.
Under Armour Cuts Annual Sales Guidance
Under Armour trimmed its sales guidance for the year due to weak sales trends in North America and Asia-Pacific, now expecting a decline in the mid-single digits versus a slight decline previously. Earnings exceeded estimates with the help of tariff refunds.
EXEC: Onitsuka Tiger Opens Flagship in Japan
Asics opened an Onitsuka Tiger flagship store on August 7 in Japan near Nagoya Station, marking the lifestyle brand’s second largest store since the opening of a flagship in the Shinjuku district in July. The two-level location spans two floors and brings the brand’s entire portfolio together under one roof, including its Heritage retro offerings, […]
JanSport Opens First Global Flagship Store in Seoul
JanSport, which is owned by VF Corp., announced the opening of its first global flagship store. The store is located in Seongsu neighborhood in Seoul, South Korea. The two-level store, located at 3 Seoulsup 9-gil, Seongdong-gu, Seoul, covers approximately 2,130 square feet and features the brands new apparel range, along with an expandeed backpack selections.
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