EXEC: Vulcabras Q2’s Growth Paced by Athletic Footwear Strength
Brazil’s Vulcabras reported sales increased 5.1 percent to of R$761 million ($136 mm) in the second quarter with growth across its Olympikus as well as licensed Mizuno and Under Armour brands.
EXEC: Helly Hansen Posts Small Q2 Growth While SportChek Declined on Weather Woes
Canadian Tire Corp., parent of Helly Hansen and the SportChek, Sports Experts, Atmosphere, Pro Hockey Life, Sports Rousseau, Hockey Experts, and Mark’s retail banners, reported top-line pressures in Q2 were balanced by strong margin and cost control, improving retail profitability.
Under Armour Lifts FY Guidance On Surprise Q2 Profit
Under Armour, Inc. reported a loss of $305 million in the second quarter after absorbing charges related to the settlement of a shareholder lawsuit, but posted a surprise profit excluding the charges and slightly raised its adjusted earnings guidance for the year. Sales declined 10 percent, dragged down by a 14 percent slide in North America.
DTLR Prepares Kids Nationwide with Back-to-School Supplies
Across the U.S., the retailer donated thousands of backpacks, school supplies and provided free haircuts and shoes to help prepare kids for the upcoming school year.
The Buckle’s July Same-Store Sales Decline 7 Percent
The Buckle, Inc. announced that comparable store sales decreased 6.8 percent in July year-over-year.
EXEC: Mountain Warehouse Submits $5M Stalking Horse Bid for EMS Assets
UK-based Mountain Warehouse has emerged as the stalking horse bidder for Eastern Mountain Sports with a $5 million bid to acquire the EMS intellectual property. EMS parent company GoDigital Media Group filed for bankruptcy in June.
EXEC: Saucony and Merrell Gaining Traction, But Remain Down Sharply in Q2
Wolverine Worldwide became one of the few companies in the outdoor space to hike its full-year guidance in recent months after seeing second-quarter results come in better than expected due to the margin benefits from its transformation plan and traction gained by its Saucony and Merrell brands.
Revolve Returns to Growth in Q2
Online fashion retailer Revolve Group reported sales grew 3 percent in the second quarter, its first positive quarter since the fourth quarter of 2022. Earnings more than doubled.
DSW Parent Designer Brands, Inc. Appoints New Board Member
DSW-parent Designer Brands Inc. appointed John Atkinson to its Board of Directors. Atkinson is a retired audit partner from KPMG’s Cincinnati office.
TSG Consumer Partners Appoint Head of Strategic and Operational Services Group
Dori Konig brings over 20 years of finance, strategy, and operating experience to the role. Most recently, he was the managing director at global investment firm Platinum Equity, where he led the company’s East Coast Operations.
Boot Barn Fiscal Q1 Earnings Easily Top Expectations
Profits at Boot Barn, Inc. advanced 13.4 percent in the fiscal first quarter. Sales grew 10 percent from new stores, 1.4 percent same-store growth and 6.7 percent e-commerce growth.
Allbirds Sees Q2 Sales Drop 27 Percent
Allbirds, Inc. reported a net loss in the second quarter ended June 30 as sales shrunk 26.8 percent. The eco-friendly footwear brand said it is prioritizing three main focus areas designed to return to top line growth in 2025,
Ortholite to Sponsor Oregon Track Club for 2024
While OrthoLite’s largest market is performance running, athletic and technical outdoor footwear, the brand “continues to grow brand partners in the fashion, luxury, workwear, safety, and casual lifestyle footwear categories.”
OR and Surf Expo Parent Narrows Q2 Loss on Flattish Revenue Decline
The Emerald Holding revenue decrease was attributed to prior-year discontinued event revenue of $3.7 million and scheduling adjustments of $1.1 million, partially offset by organic growth of $2.6 million as well as $1.7 million in revenue from acquisitions.
Wolverine Worldwide Raises FY Outlook on Early Payback from Turnaround Efforts
Wolverine Worldwide reported earnings fell 21 percent in the second quarter as sales on an ongoing basis sunk 18 percent due to steep declines at Merrell and Saucony, but the company still raised its sales and earnings guidance for the year as its turnaround program is driving better-than-expected results.
