Kohl’s Corporation Shares Fall as Retailer Cuts Guidance on Poor Fiscal Q1 Showing
Shares were down over 20 percent in pre-market trading on Thursday after the mid-tier retailer missed on estimates for the first quarter and then cut guidance for the year.
Duluth Holdings, Inc. Posts Wider Q1 Loss on Revenue Miss for Quarter
The company posted a net loss of $7.9 million in the first quarter, compared to a net loss of $3.9 million in the year-ago Q1 period. Loss per share doubled from a loss of 12 cents a share in the year-ago quarter to 24 cents per share in the 2024 Q1 period.
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.
Life Time Closes on $40M Sale-Leaseback Transaction
The proceeds will reportedly support growth and strengthen the company’s balance sheet.
Caleres Sees Famous Footwear Comps Down Again in First Quarter
Famous Footwear segment net sales increased 0.1 percent to $349.6 million. Comparable sales were down 2.3 percent for the quarter, on top of an 8.5 percent decline in Q1 last year. Brand Portfolio segment net sales declined 2.6 percent to $317.2 million.
Outdoor Alliance Names Grasstops Advocacy Director
Taylor Rogers was appointed Grasstops Advocacy Director, who will reportedly guide/train the first group of 20 members in the Grassroots Collective to advocate for conservation and recreation policy.
RVIA: RV Wholesale Shipments Again Led by Towables in April
Towable RVs, led by conventional travel trailers, ended the month up 14.2 percent from last April with 30,682 shipments. Motorhomes finished the month down 19.4 percent.
Wellness Pet Company Welcomes New Chief Marketing Officer
Giorgio brings 20-plus years of consumer marketing experience to Wellness Pet where she will serve as the creative force behind the company, leading brand strategy to engage next-gen pet parents.
New Pro Volleyball League Posts Solid Year One Metrics; Sees Top Salaries Rising for 2025
Pro Volleyball Federation, the newest women’s professional indoor volleyball league in the U.S., will continue lead in player compensation, as top salaries for 2025 were set at $175,000, with additional benefits of approximately $10,000 per player.
Report: The 2023/24 Snow Sports Season Ranked as Fifth Best Historically
The Rocky Mountain region remains the most visited, reporting 26.7 million skier visits, followed by the Northeast at 12.4 million and the Pacific Southwest at 8.0 million. The Midwest was the No.4 region, tallying 4.8 million visits despite reporting the largest decrease (-26.7 percent) compared to the prior season.
Sierra Celebrates 100th Store Opening
The 20,000-square-foot storem part of TJX Companies, Inc., will open on May 31 in Deertrace Kohler shopping center in Sheboygan, WI.
Beyond Yoga Opens at Bellevue Square Mall
The second Beyond Yoga flagship outside California opened in the Seattle area on May 29.
NSSF Sees Sharp Decline in Handgun Imports in Latest Data from February
February Handgun imports decreased 28.7 percent year-over-year from February 2023. As part of the overall Handgun number, Pistol import units dropped 31.9 percent from the prior-year month but Revolver units increased 6.0 percent year-over-year.
Gildan Activewear Re-Appoints Chamandy as President and CEO
The Gildan Activewear, Inc. Board of Directors re-appointed Glenn J. Chamandy as president and CEO and Michael Kneeland as non-executive Chair of the Board, each effective immediately.
Shoes For Crews Receives Court Approval for Sale
Company to be owned by first lien secured lenders. Sale Transaction strengthens financial foundation through elimination of over $300 million in debt and access to new capital financing to invest in growth.
