For the third quarter of 2024, the company’s management expects net revenues to be between $45 million and $60 million, representing growth of 18 percent to 59 percent for revenue of self-branded products compared with the second quarter of 2024.
Category: Sports/Fitness
Rhone Signs LPGA Tour Athletes Lilia Vu and Lauren Hartlage
“We at Rhone cannot wait to be alongside these athletes as they deal with the everyday challenges of high-performance sports.” — Emma Crepeau, Chief Growth Officer, Rhone
EXEC: Globe Intl Sees Fiscal Year Profit Upside as Apparel Grows
North America total segment revenue was A$82.5 million for the fiscal year, compared to A$94.1 million in the prior year. Globe and Impala stabilized after clearing of inventory in FY23; both returned to positive EBIT contribution.
EXEC: China’s Largest Online Fitness Platform Swings to H1 Loss
Revenues from self-branded fitness products were up 7.5 percent in the first half of 2024, mainly from an increase in wholesale channel sales and increased fitness gear and apparel product sales.
Pickleball Kingdom Continues Expansion in the PNW
Gunn Robison is leading this franchise expansion. Before joining Pickleball Kingdom, Gunn spent 25 years in technology sales and marketing, most recently as vice president of marketing at Microsoft.
Classified Reinforces Leadership Team; Hires Head of Sales
Koen Van Der Weerd has over a decade of leadership expertise in the cycling industry, making him an invaluable asset for Classified as the brand grows in a competitive landscape.
Report: Resale Market for Nike and Jordan Brands Down Double-Digits
StockX said its data shows a diversified portfolio of brands locking in the top spots for year-over-year growth, including Asics (+589 percent), Adidas (+88 percent), and Yeezy (+23 percent). Cornerstone silhouettes from brands like Jordan and New Balance have dropped in average price.
Ross Stores Gets Q2 Profit Bump on Solid Comps; Still Has H2 Consumer Concerns
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.
New Fleet Feet Franchise Opens in Arizona
The new store is the first location for owners and operators Tom and Nikki DeBole. Fleet Feet said Queen Creek is one of the fastest-growing towns in the U.S.
Peloton Returns to Modest Growth in Fiscal Q4, Dramatically Narrows Net Loss
The net loss for the fourth quarter was $30 million, an improvement of $211 million year-over-year and $137 million sequentially quarter-over-quarter. Total revenue in the fourth quarter was $644 million, up 0.2 percent year-over-year.
First Topgolf in Iowa to Open in Des Moines
The two-level venue will open on September 6. It sits within the West Des Moines city limits.
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.
Good Read: “Look Good, Feel Good, Play Good: Nike Apparel”
“Look Good, Feel Good, Play Good: Nike Apparel” charts a visual history of women’s sportswear and the key role Nike has played in advancing women’s sports over the last 50 years.
EXEC: Wilson Sports Returns to Growth in Q2, but Sees Bigger Gains Ahead
The CEO of parent company Amer Sports said Wilson tennis and Wilson China had a big moment recently during the Summer Olympics when Qinwen Zheng won Gold playing with her Wilson racquet.
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