SGB Outdoor

EXEC: Duluth’s New CEO Sets Strategy to Return to Profitable Growth

In her first quarterly call since returning to Duluth Holdings, Inc. as president and CEO, Stephanie Pugliese said the company is “taking decisive actions to get this great company and unique and powerful brand back on the path to profitability and growth,” including rationalizing SKUs, reducing costs and complexity across multiple areas and exploring store closings while investing in innovation.

Winnebago Sees Fiscal Q3 Falling Short of Analyst Targets

The maker of motorhomes and towables said it expects earnings and sales for the fiscal third quarter ended May 31 to come in below analyst targets due to “worsening consumer sentiment and an increasingly cautious dealer network in the final two months of our fiscal third quarter.”

Duluth Holdings Widens Q1 Loss, Plans Further Restructuring Moves

The casual apparel and workwear brand widened its loss in the first quarter ended May 4 as sales dropped 12.0 percent. Returning CEO Stephanie Pugliese stated in a media release that she is conducting an “in-depth review” of the organization to simplify its operations, focusing on brand awareness, solution-based products, product innovation, and customer service.

Tilly’s Q1 Same-Store Sales Retreat 7 Percent

The surf & skate chain logged a slightly wider loss in the first quarter ended May 3 as same-store sales dropped 7.0 percent. The sales decline was smaller than in the fourth quarter, with further improvement seen so far in the second quarter.

The North Face Hit with Cyber Attack

The company discovered a “small-scale” cyberattack in April of this year, and an unauthorized party may have stolen some personal information from its customers but not their financial information, which TNF processes through a third party.