Nike Inc.’s fiscal second-quarter earnings and sales topped Wall Street’s expectations as strong momentum in North America helped offset a steep decline in China. The sportswear giant maintained its guidance for the full year. Major themes on Nike’s analyst call included continued hyper-growth in digital, the Nike One Place reset accelerating Nike’s direct growth, healthy full-price sales, and ongoing, but not-worsening, supply chain disruption.
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American Council On Exercise Welcomes New Executives
The American Council on Exercise (ACE) promoted Chris Goudeseune to vice president of operations, and Lauren Shroyer to vice president of product and innovation.
Inside The Call: American Outdoor Brands Fiscal Q3 Sales Impacted By Delivery Timing
American Outdoor Brands reported sales fell 10.5 percent in the fiscal second quarter ended October 31, to $70.8 million. Officials blamed it on the timing of orders from traditional brick-and-mortar channels and underlying demand remains healthy. Brian Daniel Murphy, president, CEO, said certain retail customers accelerated their inventory purchases into the first fiscal quarter to mitigate their own supply chain risk.
American Outdoor Brands Q2 Sales Slide
American Outdoor Brands Inc. reported sales declined 10.5 percent in the second quarter ended October 31.
Swiss Kids Outdoor Brand, Namuk, Launches In North America
Namuk, a Swiss-based sustainable outdoor brand for kids, announced its expansion into the North American market with its headquarters based in Bend, OR. Founded in 2016, this expansion allows the brand to continue to develop products that combine functionality with style while integrating its sustainability standards. “Namuk solved a need for parents looking to find […]
Swiss Kids Outdoor Brand, Namuk, Launches In North America
Namuk, a Swiss-based sustainable outdoor brand for kids, announced its expansion into the North American market with its headquarters based in Bend, OR. Founded in 2016, this expansion allows the brand to continue to develop products that combine functionality with style while integrating its sustainability standards. “Namuk solved a need for parents looking to find […]
Slinger Expands Distribution In Latin America
Slinger announced its newest distribution agreement with BrandsInc in Ecuador.
PGA Of America Provides Update To PGA Show
PGA of America and PGA Golf Exhibitions announced that more than 600 golf brands are projected to participate in person at the 2022 PGA Show.
Puma North America Raises Hourly Wage for Retail Employees
Puma announced that it will raise its minimum wage for Puma North America and Puma Canada retail employees to $15 per hour, effective November 29.
Pierer Mobility AG Acquires Felt Bikes; Enters North American Market
“With Felt we are able to expand our bicycle portfolio and also strongly enter the North American market with an established, high-performance brand,” said Stefan Pierer, CEO Pierer Mobility AG.
72 Million Americans Plan To Go RVing In The Next Year
The popularity of RVing is showing no sign of slowing down with a new survey from RV Industry Association revealing that 72 million Americans plan on taking an RV trip in the next year in an RV they rent, own, or borrow.
Aqualung Group Names North America Human Resources Director
Aqualung announced it has hired Scott Schneider as Director of Human Resources, North America.
Sea To Summit Announces Key Hires To North American Sales Team
Sea to Summit, the global adventure equipment brand headquartered in Western Australia, announced it added three employees to its North American sales team—Bill Chandler, Jaime Buyagawan and Maggie Doran.
Lune Active Secures North American Distributor
Amsterdam-based Lune Active has retained Montreal-based In-Sport Fashions as its distributor in North America.
Aqualung Hires Director Of North America Operations
Aqualung announced it has hired Tim Vidmar as director of North America operations for the company. He joins the company after a decade at Fox Racing.
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