Levi Strauss & Co. reported a strong earnings uptick in the fiscal second quarter ended May 26 as sales grew 8 percent with double-digit growth in the Americas. Beyond Yoga’s sales grew 13 percent.
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JF Fitness of North America Secures Capital Investment, Acquires Crunch Franchisee
Trive Capital and 808 Capital Partners have announced an investment in JF Fitness of North America, a Crunch Fitness franchisee operating 24 gyms across the Mid-Atlantic and Southeast regions. JF Fitness has acquired Team Roldan with eight gyms across the South.
Finisterre Opens First North American Retail Location
The retail storefront, in partnership with Maine Surfers Union in Portland, ME, is expected to spearhead the brand’s global retail expansion into North America.
Eleven Names U.S. Ski Hall of Famer as Director of Skiing
Longtime ski equipment specialist and industry veteran Mike Hattrup is in charge of developing and promoting the company’s network of ski destinations across four continents.
Puma North America Opens New Arizona Distribution Center
The 1.2 million-square-foot automated distribution center in Waddell, AZ, includes 3.5 miles of conveyor, automatic retrieval and storage robots, and a new cubing process to optimize customer packaging.
Foot Locker, Inc. North America Q1 Comps Down 2.5 Percent on DD Declines at Champs
Champs continues to be the big drag for Foot Locker as the company repositions the banner. Champs comped down in the mid-teens in Q1 as total sales fell nearly 19 percents year-over-year. Foot Locker banner comps were up 0.8 percent and Kids Foot Locker comps grew 6.4 percent.
Vans Brand and Americas Region Continue as Biggest Issues for VF Corp. Turnaround
TNF was down 5 percent in Q4, with brand DTC up 6 percent in reported terms or up 7 percent in constant-currency (CC) terms. Vans was reportedly down 26 percent (-27 percent CC) year-over-year (YoY) for the period,
Amer Sports Easily Beats Q1 Guidance on Lift from Arc’Teryx, DTC and Asia
First quarter revenue increased 13 percent to $1.2 billion led by a 44 percent increase in the Technical Apparel segment and Asia. Outdoor Performance revenue increased in Greater China, Asia Pacific, and EMEA, offset by a decline in the Americas.
America’s Conservation Enhancement Reauthorization Act Passes U.S. Senate
America’s Conservation Enhancement Reauthorization Act includes funding for fish habitat restoration, pollution reduction in the Chesapeake Bay, invasive species management, and the protection of traditional tackle.
Puma Returns To Growth In The Americas In Q1
Puma’s sales in the Americas region showed positive sales growth in the first quarter on a currency-neutral basis for the first time in four quarters but reported sales and earnings declined due to unfavorable currency effects and challenging year-ago comparisons. The results were in line with company expectations, and full-year guidance was maintained.
Helinox Brings Limited Edition Tactical Shelter Collection to North America
The leader in portable, lightweight furniture evolves tactical collection with limited edition release of Field Tunnel Tent and Cot Tent Series
Pentland Brands Names New President of Americas as Matt Rock Steps Down
Spies, formerly the senior vice president of sales for Pentland Brands North America, brings over 17 years of experience from his tenure at Converse, including his last role as vice president of its wholesale business for North America.
Amer Sports Divests Cycling Manufacturer ENVE Composites to Utah Firm
Founded in 2007, ENVE is one of the few U.S. cycling brands with all-American in-house manufacturing of high-tech bike performance products, including wheels, components and bikes.
Rumpl Bets Big on Summer Camp through New Partnership with American Camp Association
The premium outdoor brand seeks to connect with families and Gen Z outdoor enthusiasts through the nonprofit and its extensive network of counselors and campers
GSM Outdoors Acquires Mid-America Rod Company
Located in Arkansas, Mid-America Rod Company has been manufacturing fishing rods in the U.S. since 1976. The company manufactures its signature series of Virtus Rods and produces OEM rods for other companies.
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