Fleet Feet announced the opening of its latest store in Fort Wayne North, IN. This is the second Fleet Feet in Fort Wayne and the ninth store in Indiana.
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Alterra Mountain Company Expands Social Responsibility Team
Alterra Mountain Company expanded its Social Responsibility team, focused on the company’s three pillars of Sustainability, DEI and Community.
Carhartt Hires Chief Brand Officer
Carhartt announced it hired Susan Hennike as chief brand officer reporting to Linda Hubbard, president and chief operating officer of Carhartt.
Fila Holdings Q2 Earnings Slump On Gross Margin Pressures
Korea-based Fila Holdings Corp. reported earnings declined 15.7 percent in the second quarter ended June 30 despite a 15.0 percent sales gain.
Peloton Is Cutting Jobs, Exiting Stores And Raising Prices
Peloton in a memo to employees said it is cutting approximately 780 jobs, closing a significant number of stores and hiking prices on the Tread and Bike+ in further moves to improve profitability.
Occupancy Levels At Western Mountain Destinations Continue To Decline
Once again, occupancy totals for Summer 2022 across mountain destinations in western states continued to drift down from last year’s boom in pent-up demand travel and compared to the pre-pandemic record of 2019, according to the most recent Monthly Market Briefing released by DestiMetrics.
EXEC: Canada’s SportChek Boosted By Return To Team Sports
SportChek’s comparable sales climbed 4.1 percent in the second quarter ended July 2 over the same period last year, overcoming supply chain disruption and benefiting from the return to organized team sports.
Salomon NA Adds Pro Road and Track Runner To Athlete Team
Salomon expanded its roster of U.S. road running athletes with the addition of professional road and track runner Maggie Montoya. Montoya joins the Salomon team with a resume of running accomplishments, including her debut marathon time of 2:29:08 from the Chevron Houston Marathon in January 2022. “I’m excited to join the Salomon team and be […]
EXEC: Canada Goose Not Seeing Demand Wane
Canada Goose reported revenues and bottom-line results surpassed its guidance in the first quarter ended July 3 profitability due to strength in North America. Dani Reiss, chairman and CEO, told analysts that demand for the high-end outerwear brand remained strong despite heightened macroeconomic pressures.
Xponential Fitness Raises Outlook On Robust Q2
Xponential Fitness, Inc. raised its full year 2022 guidance for revenue and adjusted EBITDA after reporting second-quarter revenue surged 66 percent.
EXEC: Hanesbrands Bullish On Champion’s Growth Potential Despite Q2 Shortfall
Hanesbrands, Inc. said global Champion brand sales slumped 20 percent in the second quarter in constant-currencies due in part to a ransomware attack but also softer-than-expected point-of-sale trends. On an analyst call, Steve Bratspies, CEO, HanesBrands, remained confident in Champion’s growth potential despite the rare top-line miss.
Professional Road and Track Runner Maggie Montoya Joins Salomon Athlete Team
OGDEN, Utah (August 11, 2022) — Today, Salomon is expanding its roster of U.S. road running athletes with the addition of professional road and track runner, Maggie Montoya. Montoya joins the Salomon team with an impressive resume of running accomplishments, including her debut marathon time of 2:29:08 from the Chevron Houston Marathon in January 2022. […]
HanesBrands’ Second Quarter Dragged Down By Cyber Attack
HanesBrands, Inc. reported sales and earnings for the second quarter were negatively impacted by a ransomware attack as well as softer-than-expected point-of-sale trends. Global Champion brand sales decreased 20 percent over prior year in constant currency. The parent of Champion and Hanes significantly reduced its guidance for the year.
Canada Goose’s Q1 Tops Guidance
Canada Goose Holdings Inc. reported a wider loss in the first quarter ended July 3 due to the timing of marketing expenses while sales grew 24 percent on improving store productivity. Both the loss and sales topped guidance. Canada Goose maintained its guidance for the year.
Unifi’s Q4 Profits Squeezed By Margin Pressures
Unifi, Inc. reported earnings slid in the fiscal fourth quarter ended July 3 as lower gross margins offset a sales gain of 18 percent. Results were consistent with expectations.
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