EXEC: Rapala VMC Posts Wider 2023 Net Loss on Double-Digit Sales Decline
The Finland-based fishing equipment and nordic ski manufacturer said de-stocking continued throughout 2023 but started to ease in the latter part of the year. Consumer spending remained tight due to high inflation and impacted especially higher ticket item sales.
Overstock Parent Acquires Zulily Assets; Plans Site Re-launch Before Summer
Zulily’s new website will be fully functional by the end of the second quarter and contribute to Beyond’s 24-month revenue goal without adding incremental fixed expenses. Overstock is scheduled to relaunch later this month.
Ariat International Opens New Las Vegas Flagship Brand Shop
The retail space spans nearly 10,000 square feet, offering Ariat’s full assortment of boots, clothing, jeans, shoes, and accessories on two floors.
The Buckle, Inc. Reports February 2024 Net Sales
Comparable store net sales for stores open at least one year for the 4-week period ended March 2, 2024, decreased 11.5 percent from comparable store net sales for the 4-week period ended March 4, 2023.
Duluth Holdings Gets Q4 Lift from DD Growth in Women’s and Mobile Sales
Mobile net sales grew 20.0 percent in Q4 and now represents the largest sales channel. Women’s apparel net sales increased 12.4 percent YoY, with double-digit growth across both Duluth and AKHG brands. Men’s apparel net sales were flat.
Locally Closes Series A Round of Financing to Fuel Growth
Locally said it will use the funding from Corbel Capital Partners and Valency Capital to grow its team, expand into adjacent industries and raise its visibility with consumers, brands and retailers.
Primark Continues U.S. Expansion with New DC and Four Store Leases
The international clothing retailer continues its global expansion by opening a new distribution center in Jacksonville, FL, and will open new stores in Virginia, Maryland, Texas, and its first store in Tennessee.
Burlington Stores Posts Solid Q4 Results With Some Extra Week Help
Looking ahead, total sales are expected to increase in the range of 9 percent to 11 percent; this assumes comparable store sales will increase in the range of 0 percent to 2 percent, on top of the 4 percent increase for the fiscal 2024 year.
Klean Kanteen Acquired by Think Better Group
The Group will grow Klean Kanteen’s North American distribution while further elevating the brand into European and Asia Pacific markets.
Legendary Innovator Gert Boyle: Spanning Generations
The First Lady of Innovation was more than an industry icon and philanthropist. She was a model for the power of the pioneering spirit—venturing into the unknown with vision and determination and leading by example for others to follow.
Hari Mari Footwear Raises $10M in Equity Investment Round
The brand is taking the next step in its expansion strategy, recently closing on a $10 million equity raise to support growth plans in the casual footwear and lifestyle space.
EXEC: Intersport Spain’s Director General Exits at Board Request
The company said that Ángel Solores, under mutual agreement, is leaving as director general and head of Intersport Spain. However, European media reported that the company had terminated Solores.
EXEC: Amer Sports Expanding Winter Sports Production in Europe
The parent of the Salomon, Atomic and Armada ski brands noted a new Nordic ski factory is nearing completion in Bulgaria, while preparations have started on an Alpine binding factory in Romania.
Thor Industries Shares Fall After Company Cuts Outlook on Weak N.A. Backlog
North American Towable RV net sales were down 11.9 percent for the fiscal second quarter and North American Motorized RV net sales decreased 22.8 percent, while European RV net sales increased 20.9 percent for the period.
Nordstrom, Inc. Gets Lift from Rack Stores and 53rd Week to Post Q4 Sales Increase
In the fourth quarter, the active category was called out for one of the strongest growth drivers by category for both the fourth quarter and full year. Women’s apparel was also called out as a key driver for the fourth quarter.
