EXEC: Fila USA Narrows Q2 Net Loss Despite Strong DD Decline in Sales
Revenues were down more in local currencies as constant-currency sales fell 20.4 percent for the second quarter, compared to a 7.4 percent decline in the first quarter.
EXEC: Ahead, Craft, Cutter & Buck Parent Gets Q2 Lift from Sports & Leisure
The Sports & Leisure segment increased 10 percent, and all regions except Other Countries improved their net sales. Net sales from April through June increased to SEK 958.6 (869.2) million.
Dillard’s Q2 EPS Contracts 42 Percent on Lower Sales, Tighter Margins and Rising Expenses
The department store retailer hit the trifecta as sales and margins fell and expenses rose for the fiscal second quarter. The weakest performances came from men’s apparel, accessories and shoes; the best category was cosmetics.
Report: Online Spending Rose in July, but Shifted to Lower Cost Options
Signifyd’s data shows e-commerce sales are still growing, but consumers are relying on discounts and low-cost options as merchants wonder what it means for the coming Holiday shopping season.
EXEC: Equinox Group’s Blink Fitness Unit Files for Bankruptcy to Facilitate Sale
Blink Fitness reported that it has made the strategic decision to execute an “efficient and value-maximizing sale process to optimize its footprint and position the business for long-term success.”
EXEC: 361 Degrees Posts Healthy H1 Results, Outpaces China Retail Growth Trends
The strong growth was said to be mainly due to the Group’s continuous efforts in channel rollout and marketing to promote online and offline omni-channel operations.
Escalade’s Walt Glazer to Retire from President and CEO Roles
Glazer, a shareholder since 1991, a Board Director for the past nine years, and chairman since 2018, will continue serving on the Board after his retirement, pending annual shareholder approval.
Leatt Corporation Swings to Q2 Loss as Global Sales Fall Despite U.S. Growth
Consumer-direct sales increased by 19 percent, and dealer-direct sales increased by 14 percent, which the company believes is a testament to brand recognition and the success of its drive to reach a wider global consumer group.
Peloton and Google Fitbit Ink Multi-Year Content Partnership
As part of the agreement, Fitbit’s U.S., UK, Canada, and Australia Premium Members can access Peloton classes across strength, Pilates, running, boxing, cycling, Barre, and other categories.
Puma Appoints Managing Director for Gulf Cooperation Council States
Johan Kuhlo was promoted to managing director of the GCC, starting September 1. He will oversee the UAE, Saudi Arabia, Qatar, Kuwait, and Oman and report to Puma CEO Arne Freundt.
Dick’s Sporting Goods Plans New Distribution Center in Fort Worth, TX
Construction on the facility will begin early this fall with a groundbreaking. The building phase is expected to create more than 800 temporary construction jobs. The facility is expected to open in early 2026.
EXEC: On Posts Strong Q2 but U.S. Growth Slowed by New Atlanta DC Transition Issues
Without the impact of the Atlanta warehouse transition, the company believes it would have been able to deliver sales growth on a global level above its full year guidance and would have seen a stronger D2C share or higher D2C share.
Nordstrom Plans to Open Four New Locations in North Carolina by Spring 2025
In addition to a planned 25,000-square-foot Nordstrom Rack store in Morrisville, NC, the retailer will also open three stores in Mooresville, Raleigh and Matthews, NC this fall and next spring.
EXEC: Asics Corp. Gets Big First Half Lift from Yen Depreciation
Net sales for the 2024 first half increased 18.0 percent to ¥342.2 billion, which was said to be due to strong sales in all categories, but the weaker yen had a major positive impact of the first half. Excluding FX currency fluctuations, sales would have increased just 8.7 percent year-over-year.
Escalade Closes Sale of Mexico Facility and Related Assets
The company has consolidated operations into other Escalade facilities in North America. Proceeds from the sale will be used to reduce the company’s higher cost variable rate debt.
