Tractor Supply Lowers Guidance On Below-Plan Q3 Revenues
Tractor Supply Company reported earnings improved 8.9 percent in the third quarter but sales came in softer than expected and the rural lifestyle retailer slightly lowered its outlook for the year. Same-store sales were off 0.4 percent due to declines in demand for seasonal goods and big-ticket items.
Krimson Klover Adds New Midwest Territory Reps
Jessica and Adam Guile of Phenix Project LLC will cover the Midwest-Great Lakes region.
Escalade’s Q3 Profits Jump on Improved Margins
Escalade ,Inc. reported third-quarter profits climbed 43.3 percent in the third quarter as strong improvement in gross margins. Sales were down 2.1 percent as healthy demand for basketball and pickleball offset weakness in other categories. Excluding the benefit of a calendar change, sales declined 11.6 percent.
Solo Brands CFO To Leave in December
Solo Brands announced that Somer Webb, its CFO, has notified the company of her intent to pursue other opportunities. She will remain with the company until December 10. The company also reaffirmed its guidance for fiscal year 2023.
Grassroots Sees a “Return to Earth” for Specialty Heading into Fall Connect Show
Heading into the upcoming Grassroots Connect in November, GOA retailers reported a flattening of overall sales in the trailing 12 months prior to September, in what the specialty retailer organization is calling “an expected return to Earth.”
Johnnie-O Names 25-Year Patagonia Exec as CEO
Johnnie-O named John Collins as CEO and Board member, succeeding Dave Gatto, who, the company reported, has “played an instrumental role in Johnnie-O’s journey as CEO and Board director since January 2015.” The company also shared that Gatto would retire this year after a “remarkable career, including the nearly nine years he spent building the Johnnie-O brand and positioning it for future expansion.”
Rally House to Open Store In Kansas City
Rally House Barrywoods Crossing is minutes from the KCI Airport in North Kansas City, making it an “ideal destination for K.C. fans and travelers entering the city.”
Stahls’ Acquires Apparel Order Fulfillment Software Company
Stahls’ acquired Fulfill Engine, a software technology company specializing in decorated apparel order fulfillment, supply chain management and e-commerce store integration.
Adidas Confirms Partnership to Outfit Texas Tech
Adidas will replace Under Armour as the uniform supplier for Texas Tech for the 2024 season. Under Armour’s partnership with the University began in 2006.
Brownells Names Chief Revenue Officer
The manufacturer of firearms accessories, gunsmithing tools and firearm parts, promoted Bryan Stuntebeck to chief revenue officer. He has worked for the company for nearly 12 years.
On Brand to Open Second London Store
On will open its second store in the UK in East London’s Spitalfields Market on November 3. On opened a flagship on Regent Street in February.
Marine Products Corp. Sees Q3 Boat Unit Sales Fall 24 Percent
The parent of the Chaparral and Robalo boat brands generated net sales of $77.8 million in the third quarter, a 22 percent decrease. Average selling price per boat increased primarily due to a favorable model mix.
Life Time’s Q3 Profits Surge On 18 Percent Revenue Gain
Profits at the high-end fitness club chain rose 43.1 percent on an adjusted basis in the third quarter on a 17.9 percent revenue gain. Sales were at the low end of guidance but earnings topped expectations.
Arbor Snow Adds To Sales, Marketing and Product Teams
Arbor Snowboarding, the California-based action sports brand, announces new hires and internal promotions across sales, marketing, and products.
West Marine’s Debt Ratings Upgraded on Out-of-Court Restructuring
S&P Global Ratings raised its debt ratings on Rising Tide, doing business as West Marine, after the marine aftermarket retailer was able to complete an out-of-court restructuring, exchanging previous debt for equity consideration and adding new debt to the capital structure.
