SGB Update Outdoor
BRP, Inc. Sees Revenues and Profits Tank in Fiscal Q2 Period
The parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands reported consolidated revenues decreased by $936.1 million, or 33.7 percent, to $1.84 billion for the fiscal second quarter.
Helen of Troy Announces New $500M Share Repurchase Authorization
The repurchase program does not require purchasing any minimum number of shares and may be implemented, modified, suspended, or discontinued in whole or in part at any time without further notice.
Tilly’s Takes a Shifting Calendar Hit to Second Quarter Sales; Improves EPS Loss to Zero
The calendar shift impact of last year’s 53rd week in the retail calendar, which caused a portion of the back-to-school season’s sales volume to shift into the latter stages of the second quarter from the beginning of the third quarter last year.
Zumiez Gets Q2 Sales Lift From Year-over-Year Calendar Shift and Narrows Net Loss
The company experienced a noticeable acceleration in its sales trend as the second quarter unfolded, with July North America comparable sales increasing in the high-single digits and encouraged about prospects for growth over the remainder of fiscal 2024.
Cotopaxi Opens Store on Boston’s Newbury Street
Located in the heart of Newbury Street, the store was originally a 19th-century schoolhouse before retail.
Arc’teryx to Feature First ReGear Showroom in New Brand Store in NYC
The flagship store will sell new and pre-owned Arc’teryx apparel and gear, with one floor dedicated to its ReBird Service Center, offering product care and repair services.
Kästle USA Appoints Steven Poulin as President and CEO
The Austrian ski brand, founded in 1924, said the strategic hire is timed with accelerated growth and the introduction of new categories.
Lands’ End Narrows Q2 Loss as Margins Improve Despite Sales Decline
The company reported that Gross Merchandise Value increased in the mid-single digits year-over-year for the quarter . Net revenue decreased to $317.2 million in Q2, compared to $323.3 million in fiscal Q2 2023.
Fossil Group Snags Franco Fogliato as CEO and Board Member
New CEO Franco Fogliato most recently served as president and CEO of Salomon. Before that, he spent eight years working at Columbia Sportswear as CEO of Europe and at Billabong Group and held executive roles at The North Face earlier in his career.
Currex and Powerstep Parent Acquired by Private Investment Firm
Bansk Group has acquired Foundation Wellness, the parent company of the Powerstep, Currex, Foot Petals, Flat Socks, Doctor Hoys, and other branded footcare-focused product companies from Gridiron Capital.
Mad Engine Global Adds Three Leaders to C-Suite
The senior team expands with the addition of Angelina Yagudayev as chief merchandising officer, Christine Bettles as chief financial officer and Gina Cappi as chief creative officer.
Dick’s Sporting Goods Lifts Full-Year Guidance After Strong Q2 Results
Comparable store sales growth came in at 4.5 percent y/y, on top of the 2.0 percent y/y comp store sales growth in the year-ago Q2 period. Six-month year-to-date comps were up 4.9 percent y/y through August 3.
Protest Sportswear Inks NA Distribution Deal with Momentum Distribution
With Momentum Distribution’s over 25 years of experience, Protest Sportswear noted that the company had played a key role in the success of Vans, Arena and Descente.
Report: Textile Mills Lead List of Declining Manufacturing Operations in August
The U.S. manufacturing sector’s economic activity contracted in August for the fifth consecutive month and the 21st time in the last 22 months as demand continued to be weak, output declined and inputs stayed accommodative.
AAFES to Offer Outdoor Gear from Bass Pro Shops on Exchange Website
Bass Pro Shops signed an agreement with the Army & Air Force Exchange Service and the DOD’s largest retailer to bring a selection of Bass Pro fishing, hunting and camping gear as well as apparel to the military’s ShopMyExchange.com.
