Report: U.S. Retail Footwear Sales Dip for Thanksgiving Week
Footwear units sold reportedly declined 4 percent in the week ending November 25, but dollar sales declined at a softer rate of 1 percent due to a 4 percent increase in average selling prices (ASPs)., according to Circana’s point-of-sale data.
Ski-Doo Parent Company Reports Q3 Lift from N.A. Snowmobile Sales
BRP Inc.’s North American Powersports Products retail sales were flat year-over-year for the third quarter, reportedly driven by the strong retail sales of Snowmobiles offsetting declines elsewhere. North American retail sales for Marine Products decreased 30 percent.
Merrell Hires Chief Marketing Officer
Pallav Tamaskar, an ESPN veteran, joins company with a “strong consumer packaged goods and media background.” Most recently, he was the EVP and managing director of Myprotein (THG) North America.
Topgolf’s Second Louisiana Venue to Open in December
Topgolf reported it will open its Lafayette, LA venue on December 15, approximately 15 minutes from downtown Lafayette, in the Ambassador Town Center.
Sam’s Club to Open Two New Midwest Distribution Centers
The Walmart Inc.’s warehouse club division plans to open two new distribution centers in early 2024 outside St. Louis and Minneapolis.
Academy Sports Trims Guidance on Q3 Shortfall
The retailer narrowed its full-year guidance to the lower end of prior expectations as third-quarter sales and earnings arrived below expectations. The retailer blamed generally soft consumer spending and warm weather’s impact on fall selling.
Duluth Trading Posts Wider Fiscal Q3 Loss as Sales Decline
The retailer posted a net loss of $10.5 million, or a loss of 32 cents per diluted share, in the quarter, compared to a loss of $6.2 million, or a loss of 19 cents per diluted share, in the year-ago quarter. Net sales decreased 6.1 percent to $138.2 million.
The Buckle’s Comps Decline 11 Percent in November
The Buckle, Inc. announced that comparable sales for the 4-week period ended November 25 decreased 10.8 percent year-over-year.
Vail Resorts to Acquire Swiss Ski Resort
Vail Resorts, Inc. has agreed to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group (CPIPG).
Dr. Martens Appoints CFO
Dr. Martens has appointed Giles Wilson as chief financial officer, effective at the start of 2024.
Vista Outdoor Rejects Buyout Proposal from Colt CZ
Vista Outdoor, Inc. said late Wednesday that following consultation with its financial and legal advisors, its board of directors had rejected the unsolicited proposal received from Colt CZ Group SE to acquire the company.
PVH Raises EPS Outlook as Q3 Tops Expectations
PVH Corp. raised its EPS guidance for the year after reporting sales in line and earnings above guidance in the third quarter. On a currency-neutral basis, sales were flat for the Tommy Hilfiger brand and grew 3 percent for Calvin Klein.
Costco’s Comps Improved 3.5 Percent in November
Costco Wholesale Corp. reported same-store sales rose 3.5 percent in November. By region, comps increased 1.8 percent in the U.S., 4.4 percent in Canada and 11.7 percent in its Other International segment.
Bass Pro’s Debt Ratings Outlook Lowered On Sales Weakness
S&P Global Ratings lowered the debt ratings outlook of Great Outdoors Group, LLC, the corporate parent of Bass Pro and Cabela’s, due to the recent report of a negative sales performance for the third quarter and nine months ended September 30.
StretchLab Opens its 400th Location
StretchLab, offering one-on-one assisted stretch, opened its 400th franchise location at StretchLab University Village in Colorado Springs, CO. The milestone comes eight months after the company’s 300th studio opened, opening a location every three days in 2023.
