Lululemon reported second quarter net revenue increased 7 percent to $2.37 billion, or increased 8 percent on a constant-currency (cc) basis. Analysts were looking for $2.41 billion. Earnings came in at $3.15 per share, above consensus estimates for $2.93 per share.
Category: Sports/Fitness
EXEC: Athleta’s Q2 Comps Decline as Expected; Expects Return to Growth in H2
In the second quarter, Athleta was expected to lap the balance of last year’s heavy discounting, and, as a result, the company planned for second quarter net sales to be down in mid-single-digits year-over-year.
Golftec Continues U.S. Expansion, Opens Second Center In Omaha
The 3,300 square foot facility, has five hitting bays for lessons with in-house instructors, the latest technology for use to practice and a fitting service to select the best clubs for play.
Perry Ellis x Original Penguin Expand Partnership with University of Miami Athletics
The extended partnership will include a student-athlete brand ambassador program and a Community Suits program to outfit students with professional attire for success on and off campus.
Topgolf to Open Doors in Greensboro
Topgolf will open its doors in Greensboro on September 13—its fourth venue in North Carolina, with locations in Charlotte and Durham. The site will employ roughly 300 people and is its 102nd global outdoor venue.
Duluth Trading Returns to Top-Line Growth in Q2 Despite Store Decline
Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
KT Adds Turf Tape to Lineup Ahead of 2024 Football Season
Based in Utah, KT entered a new segment within the football market with KT Turf Tape, underscoring the brand’s commitment to empowering athletes’ performance at all levels.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle
North America overall comps were up 1.7 percent for the quarter, led by Foot Locker North America, which delivered a comp increase of 5.9 percent.
EXEC: Wall Street Reacts as Foot Locker CEO Talks Turnaround Plan and Positive Q2 Comps
FL shares have been on a bit a roll, with the stock up 24 percent in the last month and 42 percent over a three-month period, but the Q2 results weren’t positive enough to build on that momentum as FL shares fell in double digits on Wednesday.
Apparel Group Continues Expansion, Opens 100 New Stores in First Half
Representing globally recognized brands, including Steve Madden, Skechers, Asics, and Levi’s, to name a few, Apparel Group has a strong footprint in key markets, including India, Bahrain, the UAE, Oman, and Saudi Arabia.
Pvolve Expands with Boulder Studio
This news follows the announcement that Colorado’s first Pvolve studio will open in Denver late this year, the first of several studios coming to the market from a separate development deal.
Milliken & Company Names Textile Business President
Jacoby has full operational responsibility for Milliken’s product portfolio as EVP and president of its textile business. He succeeds David Smith who is retiring after 45 years of working for Milliken.
Orangetheory Fitness Continues Expansion in the U.S. and Abroad
Opened in July 2024, the West Arvada, CO studio is the second location in Arvada and the fifth studio for franchisee Shawn Johnson. Opened on August 11, the Banjara Hills studio in India is the third for franchisee Drishti Chhabria.
Kohl’s Corporation Ups Full Year Earnings Outlook After Q2 Earnings Beat
The retailer saw net sales decrease 4.2 percent year-over-year, with comparable sales down 5.1 percent year-over-year, but it also posted a 13 percent increase in earnings driven by GM expansion and strong inventory and expense management.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal