Overall revenue was down 6 percent to $1.5 billion for the quarter as International revenues grew 7 percent. Revenue is expected to be down 3 percent to 4 percent for the fiscal year, tightening the previous expectation of a 2 to 4 percent decline.
Category: Sports/Fitness
Puma Appoints Julie Legrand to Lead Global Brand Strategy
Legrand brings 20 years of experience in marketing and brand management to the role. Most recently, she worked as H&M’s global brand director. She also held senior positions in marketing and brand at Procter & Gamble.
Lightspeed Announces Third Quarter 2024 Financial Results
Total revenue of $239.7 million grew 27 percent year-over-year and surpassed previously established outlook.
EXEC: Ahead, Craft, Cutter & Buck Parent Posts Sales and Profit Declines in Q4
The Swedish-based owner of Ahead, Auclair, Craft, Cutter & Buck, and Tenson AB, reported that fourth quarter net sales declined 3 percent to SEK 2,735.9 million from SEK 2,815.1 million in Q4 last year.
Equinox Golf Resort & Spa Names General Manager
With a career spanning over two decades working at luxury hotels worldwide and in NYC, the Equinox Golf Resort & Spa appointed Maurizio Bonivento as general manager.
Costco Comps Grow 3.4 Percent in January ex-Fuel
Net sales were $22.08 billion for the retail month of January, the five weeks ended February 4, 2024, an increase of 4.5 percent from $21.13 billion in January last year.
Marucci Sports Co-Founder to Re-brand and Re-launch Backyard Sports Brand
Joe Lawrence is the new CEO and is re-launching SweetSpot, securing its lead investment from Elysian Park Ventures, Wayne Gretsky and other investors.
EXEC: VF Execs Outline Progress Against Transformation Plan, Brand and Region Review
The big jobs ahead are based on fixing the overall Americas business and delivering a turnaround in the Vans business. The key objective of the Reinvent program involves cutting costs and building the balance, which is reportedly both well underway.
EXEC: Vans Falls 29 Percent in Q3; Inventory Down as Brand Helps Create OTB
VF execs talked about refreshing the Vans brand product at retail and revealed that they were removing slow-moving inventory from retailers to create open-to-buy for stronger product that was moving in the market. Inventory was down 30 percent at quarter-end.
Mark Wahlberg x Club Sports Group Opening New F45 Training Studios in Boston
Club Sports Group, operator of three F45 Training studios in Boston, entered into an exclusive partnership with Mark Wahlberg to open multiple new studios across Greater Boston.
VF Corporation CFO Stepping Down After 23-Year Run with Company
CFO Matt Puckett will be stepping down later this year. He will stay on until a new CFO is appointed to help ensure a smooth transition.
Rally House Begins 2024 Expansion in Fort Worth
Rally House’s 2024 expansion begins in Fort Worth, TX, with the new store opening of Rally House Montgomery Plaza.
Pvolve Announces Franchise Deal in Greater Washington D.C. Area
Functional fitness brand to make market debut in Bethesda, MD with Bariatric Surgeon Dr. Hitesh Amin.
VF Corp. Sees Q3 Business Decline Accelerate; Will Conduct Strategic Review of Brands
The 16 percent year-over-year decline was an acceleration of the decline in the business, which was down just 2 percent in the fiscal second quarter when new CEO Bracken Darrell sounded the alarm that all was not well in the business.
Tactics Opening First Location Outside of Oregon
The Oregon-based skateboarding and snowboarding specialty retailer is adding a new store in the Ballard neighborhood of Seattle, WA. The opening is planned for early summer 2024.
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