Great Britain January Retail Sales Analysis Reveals Decline After Inflation
The Office of National Statistics in Great Britain reported that retail sales volumes in January 2023 increased by 0.5 percent, following a fall of 1.2 percent in December 2022 (revised from a fall of 1.0 percent). Sales volumes were reportedly 1.4 percent below its pre-COVID-19 February 2020 levels.
Super Retail Group Posts 11 Percent Comp Growth In Fiscal H1
Super Retail Group, the Australia-based parent of the Rebel sports, BCF outdoor and Macpac outdoor retail chains, reported that sales for the first half of fiscal 2023 rose 15 percent to A$1.96 billion, driven by strong Black Friday and peak Christmas season sales.
EXEC: CTC Details SportChek’s Holiday Woes Inside The Analyst Call
SportChek’s same-store sales declined slightly in the fourth quarter against challenging year-ago comparisons but were also impacted by a lack of snowy weather and a pickup in promotional activity in the marketplace. Helly Hansen delivered growth of over 20 percent for the second straight year.
EXEC: Crocs CEO Details Top 2023 Growth Drivers Inside The Analyst Call
Crocs, Inc’s results for the fourth quarter and year came in even better than a favorable pre-announcement issued in early January. On an analyst call, Andrew Rees, CEO, called out sandals and international as key growth drivers for the Crocs brand in the current year while also expecting Heydude to build on its ramped-up wholesale partner expansion in the U.S.
EXEC Q&A: Karl Salz, President, Sun & Ski Sports
Founded in 1980, Sun & Ski Sports has become one the leading sports specialty chains in the U.S., with 33 stores across 13 states. Karl Salz, president, discusses with SGB what’s unique about the Sun & Ski Sports concept, the chain’s recent performance, expansion, and other key growth initiatives.
EXEC: Ammo, Inc. Outlines Recovery Strategy, Slashes Outlook
Ammo Inc. reported a loss in its fiscal third quarter ended December 31 on a 40 percent sales plunge while slashing its outlook for the second straight quarter.
Fenix Outdoor Q4 Profit Slides On Extraordinary Expenses, FX Issues
Consolidated Fenix Outdoor International AG (Group) fourth quarter sales grew 4 percent to €203.9 million, compared to €196.5 million in the prior-year comp quarter.
Shimano’s Sales Climb 15 Percent In Year, Topping Guidance
Shimano reported that net income rose 10.6 percent on a 15.1 percent revenue gain in its year ended December 31. Both earnings and sales easily topped the company’s guidance. Sales are expected to decline 20 percent in the current year.
EXEC: Analysts See Longer-Than-Expected Turnaround For Adidas
Adidas’ surprise profit warning for 2023 last week signaled to analysts that the fallout from the Yeezy break-up would be worse than expected and the sales recovery under new CEO Bjorn Gulden would take longer than forecast.
EXEC: Asics North America Growth Lagged Global Gains In 2022
Asics Corp reported sales in its North American region grew 22 percent in 2022 with a big foreign-exchange boost. Currency-neutral sales rose 3.1 percent on top of a 27.2 percent jump in 2021. The region was profitable for the second straight year although profits were down due to e-commerce expenses.
EXEC: Nautilus To Reduce Workforce By 15 Percent Amid Fitness Slowdown
Nautilus, Inc. reported a steep decline in sales in the fiscal third quarter ended December 31, slashed its full0-year outlook for the second straight quarter and said it would reduce its workforce by approximately 15 percent as part of further cost-reduction actions.
Yue Yuen’s Sharp Manufacturing Decline May Reflect Tough Footwear Year Ahead
Yue Yuen Industrial (Holdings) Limited reported that the net consolidated operating revenue of the company for January 2023 declined 16.7 percent to $810.3 million.
EXEC: Topgolf Callaway Brands Sees Bright Path Ahead Despite A “Rare Miss” In Q4
Topgolf Callaway Brands posted a solid fourth-quarter performance, but company President and CEO Chip Brewer admitted the company had a “rare miss” relative to its quarterly guidance.
Mizuno Delivers Double-Digit Q3 Growth Across All Regions
Mizuno Corp reported earnings slid 22 percent in the fiscal third quarter ended December 31, but sales grew 21 percent with double-digit gains in all regions.
EXEC: Under Armour Warns Of Ongoing Margin Pressures
Under Armour is making progress in its recent brand repositioning that includes better targeting teens and tapping lifestyle offerings. However, shares fell $1.01, or 8.2 percent, to $11.22 Wednesday as management warned on an analyst call that markdown pressures felt in its most recent quarter will continue in coming quarters.
