Costco’s June Comps Get 11.2 Percent Growth from E-Commerce
Excluding gas, Costco’s same-store sales in the U.S. were up 5.5 percent in the U.S. and 6.2 percent overall. U.S. sales were up 7.4 percent year-to-date.
FDRA Urges Trump Administration to Halt New Tariffs on Footwear Ahead of BTS Selling
On Wednesday, July 9, the Footwear Distributors and Retailers of America sent a letter to the Trump Administration requesting that it not impose additional footwear tariffs on top of the existing ones ahead of the critical back-to-school selling season.
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EXEC: Osprey Grows, Hydro Flask Slows in First Quarter
Shares of Helen of Troy tumbled about 23 percent Thursday, July 10, after the company reported a loss in the fiscal first quarter ended May 31 on a 10.8 sales decline and issued guidance for the current quarter that was well below analyst targets. Of the sales decline, approximately eight percentage points was attributed to tariffs.
Imperial Appoints National Sales Manager, Golf
Andrew Blatnik joins industry veteran John Anderson, VP of Sales for Golf, in his new role. Currently he serves as the VP of Peter Millar licensing for Imperial.
Deloitte Sees Flat Back-To-School Spending
Deloitte’s 18th Annual Back-to-School Survey finds that spending for K-12 students will remain flat at $30.9 billion this year. Parents surveyed expect to spend $570 per student in grades K-12, down just $16 year-over-year. Overall, parents will spend on essentials, trading down on brands and retailers, and spreading out purchases over time.
Epic Baits Fishing Hires National Sales Manager
Based in Odessa, TX, Bryan Head has been hired as the company’s new national sales manager, overseeing all sales strategy, including dealer development, key account management and national sales growth.
Lazydays Holdings Removes “Interim” from CEO’s Title, Implements Reverse Stock Split
Ron Fleming becomes the company’s CEO after serving in the role on an interim basis since September 2024. The company’s primary intention for the reverse stock split is to increase the per-share market price of its common stock, seeking to regain Nasdaq market compliance.
Report: Bain Capital Mulls Selling Canada Goose Stake
Discussions remain in the early stages, and there is no guarantee that a transaction will take place, the sources added. Other shareholders may also consider participating in a deal.
REI Sets Grand Opening for Store in Elk Grove
REI Co-op set plans to host a grand opening of its new store in Elk Grove, CA which is part of the Sacramento metropolitan area in Northern California.
Pentland Returns Ellesse to U.S. in New Licensing Deal
The exclusive, long-term licensing partnership will see The Iconic Brand Corporation design, develop, produce, and market Ellesse apparel and accessories in the U.S. in collaboration with Ellesse’s London team. The first collection will launch in Spring 2026.
Osprey and Hydro Flask Parent’s Home & Outdoor Segment Sales Retreat in Fiscal Q1
Helen of Troy, Ltd. reported sales in its Home & Outdoor segment, which includes Hydro Flask, Osprey and Oxo, declined 10.3 percent in the fiscal first quarter ended May 31 due in part to weaker demand for insulated beverageware and the cancellation of orders due to tariffs. Sales are expected to decline in the range of 16.5 percent to 11.5 percent in the fiscal second quarter.
Solo Brands Executes Reverse Stock Split
The parent of the Solo Stove, Chubbies, Isle and Oru brands implemented a 1-for-40 reverse stock split of its common stock to restore compliance with the New York Stock Exchange listing standards.
EXEC: Town of Nederland Acquires Eldora Mountain Resort from Powdr
Powdr will continue to support the Mountain for the first two winters and summers. The Town’s Board said it will partner with 303 Ski, a coalition of Front Range ski industry veterans, who have been instrumental in vetting operating plans, conducting financial modeling and assessing community programming.
Columbia Sportswear Opens Largest Store in Japan
The flagship store in Harajuku, Tokyo, marks the brand’s largest retail location in Japan to date, spanninb roughly 2900 square feet across two levels.
NRF: Import Cargo Levels Drop Again After Tariff Delay Ends; Rebound Expected in July
Ports have not yet reported numbers for June, but Global Port Tracker projects the month to climb 5.9 percent from May but down 3.7 percent year-over-year. July cargo volume is expected to increase 2.1 percent year-over-year, but then fall 10.4 percent in August and 19.9 percent in September as previously paused tariffs take effect.
