NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
Amped Fitness Opening First Texas Location
The new Amped Fitness studio will open in Richardson, TX, marking the company’s 25th corporate-owned gym.
Crunch Franchise Opens New SoCal Location
Crunch Monrovia is owned by Harman Fitness, one of the largest Crunch franchisees in the U.S. with 37 clubs open in five states.
Ross Stores, Inc. Opens 18 New Stores to Start the Fiscal Year
These new locations are part of the company’s plans to add approximately 90 new stores, comprised of about 75 Ross and 15 DD’s Discounts, during fiscal 2024.
HanesBrands Extends Apparel Partnership With Ole Miss
The University of Mississippi and HBI signed a three year extension on its current apparel partnership that gives HanesBrands exclusive rights to Ole Miss fanwear in the mass retail channel.
Macy’s, Inc. Hires VP to Lead Macy’s Media Network
Michael Krans oversees the company’s in-house media publisher connecting the retailer’s advertising partners with Macy’s and Bloomingdale’s customers.
Bass Pro Shops to Open New Store in Pittsburgh
Bass Pro Shop’s newest 100,0000-square-foot two-level Outdoor World retail store, part of the Newbury Market, is the company’s third in Pennsylvania and the first in Western Pennsylvania.
Freeletics Closes $45 Million Funding Round with Superstar Investors
The Series A funding round was led by FitLab, Causeway Media Partners and Jazz Venture Partners, with participation from Courtside Ventures, Elysian Park Ventures, ward.ventures, and business strategist Tony Robbins.
REI To Open Tenth Store In Colorado
The 23,000-square-foot space will open in the Marketplace at Centerra in Loveland, CO with buy online/pickup in-store and curbside pickup service.
Genesco Inc. Q4 Comps Slip 4 Percent as Journeys Continues to Shrink
The overall 2 percent sales increase for Q4 was reportedly driven by a 6 percent increase at Schuh, a 9 percent gain at Johnston & Murphy and a 24 percent increase at Genesco Brands, partially offset by a decrease of 2 percent at Journeys.
Traeger Saw Upside in Q4 in a Tough 2023 but Sees Softness Ahead
Despite a declining overall full year business, Grills and Accessories revenues each grew more than 20 percent in Q4, while Consumables revenues were flattish. The company sees continued softness in grill industry demand in 2024.
Primus-Silva Appoints New CEO
Primus-Silva appointed Jonas Sjögren as its new CEO, effective April 8. He takes the helm from Richard Jägrud, who leaves the company on April 30 to pursue new career challenges.
Black Diamond Segment Q4 Sales Fall Nearly 10 Percent on Europe Woes
Sales in the Outdoor segment (Black Diamond) were $50.1 million, or $50.0 million on a constant-currency basis in Q4, compared to $55.3 million in the prior-year comp quarter.
American Outdoor Brands Sees Flat Net Loss as Fiscal Q3 Sales Grow 5.0 Percent
Traditional channel net sales increased 8.1 percent year-over-year (YoY) to $28.5 million while e-commerce net sales increased 1.6 percent YoY to $24.9 million for the fiscal third quarter ended January 31.
Connexa Narrows Fiscal Q3 Loss; Raises Doubts About Going Concern Status
The company said the 29 percent sales increase for fiscal Q3 was due to incremental sales driven by Slinger Bag Pickleball as compared to the prior-year period
