Dr. Martens Sees 18 Percent Sales Decline in Fiscal Q3 on U.S. Results
Group revenue reportedly declined 18 percent in constant-currency terms or a reported currency decline of 21 percent to £261.7 million. The result was said to be driven by a weak U.S. performance, as expected.
Beyond Yoga Sees Sales Growth Moderate in Fiscal Q4
Sales were up 14 percent for the fourth quarter and =19 percent for the full year, achieving revenues of over $115 million.
Winchester Posts Strong Q4 Growth on Surging Ammo Sales
The 23.6 percent increase in sales was due primarily to higher commercial ammunition shipments, higher domestic and international military sales, and sales related to the acquisition of White Flyer, which the company completed in the fourth quarter.
REI Co-Op to Lay Off 357 Non-Store Staff; Forecasts Revenue Decline for 2024
The move sees 357 employees affected, “impacting 200 people at the headquarters, 6 in S&CS, 30 in Experiences, and 121 in our distribution centers,” according to the CEO’s letter obtained by SGB Executive. The senior leadership team will be pared down 22 percent in 2024.
EXEC: Puma Expects to Come Up Short in 2023; Tempers 2024 Outlook
The company points to the extraordinary 54 percent devaluation of the Argentine peso in December 2023 and the application of hyperinflationary accounting for a miss on its bottom line.
EXEC: Stella International Sees Footwear Shipments Turnaround in Q4
Fourth quarter revenues increased approximately 13.5 percent to $389.5 million, compared to $343.1 million in the prior-year quarter. The increase was the first positive revenue quarter since Q3 2022.
EXEC: Amer Sports Expects 2023 Full-Year Revenues North of $4.35 Billion
Revenue reportedly increased across all operating segments, geographic regions and channels, according to the company’s recently amended F-1 filing statement. The company sees its annual net loss contracting but EBITDA expanding for the year.
EXEC: January Consumer Confidence Index Highest Since July 2021
The University of Michigan’s preliminary results reported on the overall index of consumer sentiment came in at 78.8 for January, the highest reading since July 2021, compared to 69.7 in December and 64.9 in January 2023.
Amer Sports Looks to Raise Over $1.6 Billion in IPO
Amer Sports, Inc., the parent of the Arc’teryx, Armada, Atomic, DeMarini, EvoShield, Louisville Slugger, Salomon, Wilson, and other sports and outdoor brands, launched an initial public offering of 100,000,000 ordinary shares.
Tiger Woods and TaylorMade May be Ramping Up for Sunday Red Debut
Tiger Woods may soon be ready to launch an apparel line and more with equipment partner TaylorMade if recent moves by the company at the U.S. Patent and Trademark Office are any indication.
Macy’s Rejects $5.8 Billion Buyout Offer, Citing Financing Concerns
The retailer’s Board of Directors determined that the unsolicited and non-binding proposal from Arkhouse Management Co. LP and Brigade Capital Management, LP does not constitute a basis to enter into a non-disclosure agreement.
EXEC: The Athlete’s Foot Parent to Acquire Lloyd’s Shoes
Arklyz AG and Lloyd Shoes owner AG Ara have signed definitive agreements for Arklyz to acquire the German footwear powerhouse with all its operating subsidiaries.
EXEC: Gildan Activewear Board Releases Info to Justify CEO’s Ouster
With new CEO Vince Tyra now in his seat early in defiance of a large group of investors and shareholders, Gildan Activewear, Inc. has turned to a strategy to justify the move by its Board of Directors to oust former CEO Glenn Chamandy.
Report: Over 17 Percent of Global Holiday Online Sales Influenced by AI in 2023
Salesforce data indicates that online holiday sales reportedly increased 3 percent for the two-month holiday selling period in 2023 after posting flat results in the 2022 period.
EXEC: Super Retail Group Ekes Out 1 Percent Comp Growth In Fiscal H1
The Australia-based parent of the Rebel Sports, BCF outdoor, and Macpac outdoor retail chains reported that sales for the first half of fiscal 2024 increased 3 percent and are expected to reach A$2.02 billion for the period ended December 30.
