Solo Brands, Inc. significantly narrowed its loss in the first quarter ended March 31 as sales grew 19.1 percent.
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Adidas X Gucci Collection To Be Released On June 7
The Adidas x Gucci collection, a sport-inspired ready-to-wear collection, will be released on June 7 in stores and online. First introduced in February during the ‘Exquisite Gucci’ fashion show in Milan, the June launch will include ready-to-wear styles, including Adidas track pants and polos, accessories like bucket hats, duffle bags, and camera bags for men […]
EXEC: Wolverine World Wide Sees Q1 Revenues Top Guidance
Wolverine World Wide reported revenues and operating margin in the first quarter exceeded expectations. Better-than-expected performances by Saucony and Sperry and strong international growth helped overcome shortfalls in its e-commerce operations and at Sweaty Betty. Wolverine reiterated its guidance for 2022.
EXEC: Yeti Delivers Above-Plan 19 Percent Q1 Growth
Yeti Inc. reported sales in the first quarter climbed 18.6 percent year over year, exceeding plan. Sales have more than doubled since the first quarter of 2019 with drinkware sales leading the gains. Earnings were slightly ahead of Wall Street estimates.
Kohl’s Shareholders Vote Against Activist’s Bid To Shake Up Board
Kohl’s shareholders voted to re-elect all 13 members of its board of directors, rejecting an attempt by the activist investor Macellum Advisors to replace up to ten of the board members.
Trove Appoints CEO
Trove, the specialist in re-commerce, announced that its President, Gayle Tait, has been promoted to CEO effective immediately. Andy Ruben, who has been CEO since he founded the company in 2011, will transition to executive chairman.
Speede Fitness Appoints Chief Athletic Officer
Speede Fitness, a Chicago-area strength training company launching a fitness machine this summer, announced that UFC fighter Michael Chandler accepted the position as chief athletic officer, effective immediately, recruiting professional athletes to the brand and advising the company on workout programming.
Yeti Lifts FY EPS Guidance After Q1 Tops Expectations
Yeti Inc. raised its 2022 EPS outlook after reporting first-quarter sales and earnings slightly ahead of Wall Street’s consensus estimate. Sales in the quarter ended April 2 rose 19 percent with gains of 24 percent in drinkware and 10 percent in coolers and equipment.
Outdoor Research Partners With Dovetail Workwear For Spring 2022
Two Pacific Northwest brands, Outdoor Research and Dovetail Workwear, teamed up for Spring 2022 to create a collection of outdoor accessories for outdoor enthusiasts and working women. The collaboration evolved from the relationship between two women-led product teams; both focused on creating functional women’s apparel and accessories through design, inclusive sizing and durable construction. “At […]
EXEC: Beachbody Eyes Recovery After Posting Steep Q1 Loss
The Beachbody Company, Inc. reported a wider loss in the first quarter due in part to an inventory charge related to its connected fitness bikes. Sales declined 12 percent; however, revenue and adjusted EBITDA came in ahead of expectations.
EXEC: Peloton’s Restructuring Off To Slow Start
Shares of Peloton fell $1.23, or 8.7 percent, on Tuesday to $12.90, reaching an all-time low, as sales and the loss in the fiscal third quarter ended March 31 were worse than expected and a tepid outlook was delivered for the fourth quarter.
Allbirds Delivers 26 Percent Growth In Q1
Allbirds Inc. reported sales grew 26 percent in the first quarter year over year and gained 49 percent over the first quarter of 2019. The footwear brand posted a loss in the period tied to investments to open stores.
Callaway Golf’s Q1 Sales Surge 60 Percent
Callaway Golf reported net revenues in the first quarter increased 59.6 percent to $1.04 billion. The gains were driven by the acquisition of Topgolf but also double-digit growth in its Golf Equipment business as well as Apparel, Gear and Other business. The company raised its guidance for earnings and sales for the year.
Rawlings And Easton Partner With D-Bat
Rawlings and Easton recently entered into a multi-year agreement with Texas-based D-Bat, the baseball and softball training academy franchise. Through the deal, Rawlings and Easton will occupy and manage retail space in D-Bat’s more than 100 facilities while providing an exclusive assortment of stock and custom products for sale.
SEATTLE, Wash. (May 10, 2022) –Two leading Pacific Northwest brands, Outdoor Research and Dovetail Workwear – both known for making high-quality, hard working and great-fitting apparel – teamed up for Spring 2022 to create a collection of outdoor accessories built to support outdoor enthusiasts and working women in occupations where durability and performance cannot be […]
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