Second quarter earnings per share was down by two-thirds despite a 6.2 percent increase in sales. The shooting sports category saw a slight decline in net sales by that decline was offset by growth in the outdoor lifestyle category.
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Wilson Opens Storefront in Mall of America
Wilson Sporting Goods Co. officially opened a retail store in the Mall of America in Bloomington, MN. The 2,600 square-foot space is Wilson’s first brick-and-mortar store in the region.
Blizzard-Tecnica Appoints North American Marketing Manager
Sarah Lauridsen will work out of the West Lebanon office, overseeing U.S. and Canadian marketing operations and report to Business Unit Director Topher Plimpton.
Report: 20 Million Americans Planning an RV Holiday Vacation This Year
According to the recently released RVIA Holiday Travel Intentions Survey, the top reasons people plan to RV are the love of road trips, the desire to travel in comfort, interest in exploring the great outdoors, and the affordability of RV travel.
Amer Sports Recalls Ski Bindings
About 4,250 Armada, Atomic and Salomon ski bindings are under a recall. The toe component of the recalled ski bindings could fail, causing the ski boot to disconnect from the ski, posing fall and injury hazards.
EXEC: Under Armour Can’t Dodge North American Turbulence
Under Armour reported sales and earnings in the fiscal second quarter ended September 30 topped analyst targets, but annual sales guidance was reduced due to further deterioration in the North American wholesale business. CEO Stephanie Linnartz told analysts, “Several forces are at play here, including inflation and consumer confidence, normalizing inventory levels amid still broad promotions, and overall softness in our future wholesale order book.”
Adidas Ekes Out Growth in Q3 on Gains in all Regions Except North America
Currency-neutral sales in North America declined 9 percent during the quarter. The region was said to be “particularly affected” by elevated inventory levels in the market. The company responded to the issue that it had significantly reduced sell-in to retailers.
Under Armour Lowers Revenue Outlook on Continued North American Weakness
Under Armour, Inc. reduced its revenue forecast for its fiscal year due to continued softness in the North American marketplace while raising its margin targets. The adjustments came as UA sales and earnings in its fiscal second quarter, which ended September 30, arrived ahead of analyst expectations.
Wilson to Open Store in Mall of America
Wilson Sporting Goods Co. celebrated the upcoming opening of its eighth retail store in the Mall of America last week.
Ibex Expands North American Sales Team
Ibex, the Merino wool apparel and accessories brand, reported it expanded its North American sales team, now reaching the Canadian market. AKA Sports Group, based out of Toronto, will cover the Ontario region, Awesome Outdoors Group will cover the Mid-Atlantic and Southeast regions in the U.S.
EXEC: VF’s Turnaround Plan to Focus on Vans, the Americas, Debt and Cost Structure
New company CEO Bracken Darrell said the U.S. is not working well. He noted that the company’s innovation engine has historically been strong but had drifted downward over the past few years. He said employees still love the brands and business, but morale was hurt by poor performance. He also said costs and debt were too high, and there were no sacred cows in the turnaround effort. Vans was the first to see change.
VF Corp. Sees Continued Americas Weakness In U.S. in Q2 Tied to Vans Declines
The company also said that Kevin Bailey will be stepping down from his role as global brand president, Vans. He will remain on the Executive Leadership Team reporting to the CEO and will transition to lead Reinvent, the company’s business transformation plan. CEO Bracken Darrell will be more involved with Vans until a new brand president is found.
FN America Breaks Ground on Second SC Manufacturing Plant
The manufacturing facility, built on FN’s foundation and history within the state, will be located in the Pickens County Commerce Park in Liberty, SC. The company will invest $33 million to construct the future 100,000-square-foot space over two phases.
New Era Appoints General Manager for North America
New Era Cap LLC has hired Steve Gallo, most recently president of the recovery footwear brand Oofos, as general manager for North America after an extensive global search.
Asics Names New President and CEO for North America
Koichiro Kodama will return to Asics North America as president and CEO, effective immediately. He was CEO of Asics North America from February 2019 until December 2020. He replaces Richard Sullivan, president and CEO of the North American business since January 2022.
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