Imbox Protection Opens Global HQ in Denmark
The biulding has two wings, one for administration and the other dedicated to storage and product development.
Report: Down 98 Percent, Peloton May be Attractive at the Right Price
PTON shares surged in the mid-teens on Tuesday, May 7, after CNBC reported early that several private equity firms had considered a buyout of the connected fitness company.
Life Time and Lululemon Announce New Apparel Partnership
Lululemon becomes an official apparel partner of Life Time Tennis and Pickleball.
Seirus Innovation Hires New VP of Sales and Sales Director
Seirus Innovation hired Dove Gibson as VP of sales, with over 15 years of sales experience, and Ken Tincher as sales director, with a diverse background in sales and over 20 years of experience at all management levels.
Celsius Holdings Reports Record Q1 Revenue and Gross Profits
Celsius reported its best first quarter ever driving record revenue and contributing 47 percent of the quarterly year-over-year growth in the energy drink category.
Rapala VMC Mourns Passing of Long-Time CEO and Former Chair Jorma Kasslin
Jorma Kasslin reportedly died suddenly after a brief illness on April 14. Kasslin was 70 years old and had been a member of Rapala VMC’s Board since 1998, serving as chairman from 2016 to 2018 and as president and CEO from 1998 to 2016.
Report: First Quarter Results Show Economy is Slowing but “Remains Resilient”
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, according to recent comments from National Retail Federation (NRF) Chief Economist Jack Kleinhenz.
Crocs, Inc. Delivers Solid Q1 Results but HeyDude Weighs on Outlook
For the second quarter, Crocs Brand revenues are expected to grow 7 percent to 9 percent year-over-year while HeyDude Brand revenues are forecast to contract in the high teens, or a negative range of -19 percent to -17 percent.
Crocs, Inc. Appoints New Executive VP and CFO
Susan Healy assumes the role of executive vice president and chief financial officer of Crocs, Inc. from Anne Mehlman effective June 3. Mehlman was recently appointed president of the Crocs Brand.
Surf Expo and OR Parent Posts Solid Q1 with Sales and Profits Both Up
The owner and manager of the Outdoor Retailer and Surf Expo B2B trade shows in the active lifestyle market, and other large shows and conferences, posted revenues of $133.4 million in Q1 2024, an increase of 9.1 percent year-over-year.
Titleist Drives Double-Digit Q1 Growth in U.S. Market for Parent Company
The U.S. market set the pace for the quarter with a 13 percent increase in sales year-over-year. Net sales in regions outside the U.S. decreased 8.5 percent (-6.5 percent CC), due primarily to lower sales in Korea, EMEA and Japan.
Report: Crocs Brand Acceptance with Pop Culture Continues to Grow
According to the STI: Popstats 2023 dataset, in 2018, there was a gap of more than $6K between the median household income (HHI) in Crocs’ potential market ($81.0K/year) and in its captured market ($74.7K/year). But by 2023, the median HHI of the brand’s potential market ($75.5K) and captured market ($75.9K) had more closely aligned.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Xponential Fitness Narrows Q1 Loss as Revenues Grow in the Low Teens
The company reportedly increased first quarter North America system-wide sales 25 percent to $401.1 million with North America same-store sales growth of 9 percent, cycling growth of 19 percent in the year-ago Q1 period.
Recall: Arctic Cat Snowmobiles
Arctic Cat has received more than 200 reports of clutch failures, including six where clutch fragments hit consumers. Four of those included reports of minor foot and toe injuries.
