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.
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Zumiez’s Q1 Tops Guidance, Comps Climb 5.5 Percent
Zumiez Inc. reduced its net loss in the first quarter ended May 3 as same-store sales improved 5.5 percent on strong full-price selling. Sales topped Zumiez’s forecast for the quarter while earnings were in line.
Vail Resorts Tempers FY Guide on Weaker Lift Ticket Visitation, CEO Transition Costs
The revised guidance reflects the lower than expected lift ticket visitation in the spring that was partially mitigated by the company’s focus on its resource efficiency transformation plan and strong cost discipline. It also now includes an estimated $9 million in one-time costs related to the CEO transition announced in late May.
Lululemon Axes FY EPS Guidance Despite Q1 Beat
The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.
New Era Cap Inks New On-Field Partnership With Major League Soccer
The agreement makes New Era Cap the official on-field cap of the MLS, with rights to produce and distribute headwear and apparel for all 30 MLS clubs in the U.S. and Canada.
PVH Corp. Cuts Annual EPS Outlook
The parent of Calvin Klein and Tommy Hilfiger reported a low-single-digit revenue gain in the first quarter and saw adjusted earnings exceed guidance, but earnings guidance for the year was reduced due to broader weakening sales trends.
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.
SIA Preliminary Winter Season Report Reveals Evolving Winter Sports Participant
The SIA data suggests that while U.S. participants in snow sports activities rose by 2.4 percent season-over-season, the mix of activities and engagement levels are “evolving,” which the outdoor trade association said reflects changing interests, the impact of changing weather patterns and consumer behaviors.
Adidas to Pay Fine for Safety Violations at New York Warehouse
In the settlement with the U.S. Department of Labor, Adidas will pay $235,000 in penalties to resolve violations stemming from missing guardrails and unsafe ladders at a warehouse in upstate New York.
Under Armour Expands Partnerships with BSN Sports and Momentec Brands
Under Armour raised its commitment to the team uniform category in announcing the expansion of its partnership with BSN Sports and extension of its partnership with Momentec Brands.
Ahead Appoints Manager of Strategic Accounts
The headwear maker appointed Matt Ussery as manager of strategic account with responsibilities for managing top-tier clients. He most recently served as an outside sales repat Cutter & Buck, a fellow New Wave Group AB brand.
Airstream Parent Thor Industries Returns to Sales Growth in Fiscal Q3
Thor Industries, Inc.’s earnings and sales surpassed expectations in the fiscal third quarter ended April 30, driven by efforts to reduce costs coupled with modest top-line improvement. The maker of recreational vehicles posted its first quarterly sales gain since 2022.
Klaus Obermeyer, at 105 Years of Age, Transitions CEO Role to “Fresh” Leadership
Obermeyer, who remained active on the slopes of Aspen longer than most people live, has named outdoor active lifestyle industry veteran Kris Kuster as the company’s new CEO. Also, the company promoted Kalin Tegman to director of sales and Lilly McSwain was named customer service manager.
Hudl Completes Acquisition of Titan Sports
Combining the company’s video analysis with Titan’s GPS player tracking will “empower coaches and athletes with objective training and performance insight, including knowing how fast players run, how hard they worked and when and athlete might be pushing too hard and risking injury.”
EXEC: Hibbett Parent JD Sports Enters New Phase of U.S. Brand Consolidation
The owner of the City Gear, DTLR, Finish Line, JD and Shoe Palace retail brands in the U.S. market is ready to move to the next level in its retail brand consolidation here in the Colonies as DTLR and most City Gear stores will be merged under the DTLR brand.
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