Giant Bicycles Sees Inventory Affecting Short-Term Results After Solid 2022
Giant Group reported that 2022 consolidated revenues increased 12.5 percent to NT$92.04 billion. Due to the impact of rising material and labor costs as well as an increase in the OEM business, the overall group’s gross margin and operating profit performance were negatively affected.
Camping World To Acquire Northern California’s Pan Pacific RV Center
Camping World Holdings, Inc. agreed to acquire Pan Pacific RV Center, including two northern California RV dealerships in French Camp and Morgan Hill.
Fieldsheer Names Chief Revenue Officer
Fieldsheer promoted John Cacopardo as chief revenue officer to lead sales, marketing and customer service.
REI To Open In Sarasota This Fall
REI Co-op will open a store in Sarasota this Fall 2023 in the University Town Center, its eighth store in Florida.
Wahoo Fitness Integrates Elemnt Range With Trailforks Mapping App
Wahoo Fitness reported integrating its Elemnt range of GPS bike computers with Outside Interactive, Inc.’s Trailforks mapping app.
Report: U.S. Retail Sales Climb 6.9 Percent In February
According to Mastercard SpendingPulse, U.S. retail sales excluding automotive were up 6.9 percent year-over-year (YOY) in February.
Pura Vida Sees Slight Sales Decline In Fourth Quarter
Fourth-quarter sales at Pura Vida, the online seller of handmade bracelets, declined 4.2 percent to $30.9 million, according to the quarterly report of its parent, Vera Bradley.
NRF Opposes Corporate Tax Rate Increase In Biden Admin Budget
The National Retail Federation has issued the following statement from SVP of Government Relations David French in response to President Biden’s proposed budget for fiscal year 2024.
Yeti Recalls 1.9 Million Coolers And Cases For Magnet Hazard
Yeti has recalled 1.9 million soft coolers and gear cases because of magnets that could detach and be ingested. The magnet-lined closures on Yeti’s Hopper M20, Hopper M30 1.0 and 2.0, and SideKick Dry products can fail and the magnets can be dislodged, according to the U.S. Consumer Product Safety Commission.
Yue Yuen Factory Revenue Declines Moderate In February; China Retail Worsens
Yue Yuen Industrial (Holdings) Limited net consolidated operating revenue for February 2023 came in at $603.8 million, representing a 6.9 percent decline versus the year-ago February period.
Vail Resorts Lowers FY Guidance On Weather Disruption
Vail Resorts, Inc. reported a slight decline in earnings in the second quarter ended January 31 and slightly lowered its guidance for the fiscal year. The ski resort operator said season-to-date total skier visits increased 3.6 percent but abnormal weather conditions impacted traffic with Eastern U.S. resorts significantly below expectations in the post-holiday period.
Zumiez Sees Strong Double-Digit Sales Declines Continuing Into 2023
Zumiez expects net sales for the three months ending April 29 to be in the range of $178 million to $184 million, which would indicated another strong double-digit decline from the $221 million in sales in the year-ago first quarter. Earnings (Loss) per share are expected to be between a loss of 85 cents and a loss of 95 cents.
American Outdoor Brands’ Q3 Sales Drop 27.4 Percent
Profits at American Outdoor Brands, Inc. dropped 77.0 percent in the third quarter ended January 31 as sales fell 27.4 percent. The maker of outdoor and hunt accessories lowered its outlook for its fiscal year.
JD Sports Appoints Non-Executive Director
JD Sports Fashion Plc appointed Ian Dyson as a non-executive director, effective March 9, 2023. He will join the audit and risk committee and the remuneration committee.
Helen Of Troy Announces Resignation Of CFO
Helen of Troy Limited announced the resignation of chief financial officer, Matt Osberg, effective April 27, 2023. Brian Grass, retired Helen of Troy CFO, is expected to join the company as senior vice president, assistant CFO on March 21, and will become interim CFO beginning April 28.
