Report: More Consumers Plan Camping Trip for Labor Day Weekend
The Kampgrounds of America, Inc. (KOA) Monthly Research Report, August 2023 Edition, finds that more campers intend to camp over Labor Day than compared to 2022, with roughly three-fourths of campers have already made plans for the holiday weekend.
EXEC: Footwear Manufacturer Bucks Negative Athletic Trends in H1
Stella International reported that a larger contribution from new customers in the athleisure, luxury and high-end fashion categories helped boost H1 gross margins and operating profit.
Bettinardi Golf Opens Showroom In Illinois
Bettinardi Golf opened Studio B in Oak Brook, IL, at 1225 22nd Street, spanning over 7000 square feet.
Farfetch Revenues Tick Down in Q2 as In-Store Decline Offsets Digital Gains
Consolidated total revenue decreased 1.3 percent year-over-year to $572.1 million in second quarter, with an in-store decline offsetting 10.2 percent growth in Digital Platform revenues.
Ross Stores Swings to Positive Q2 Comp Store Sales Trend; EPS Increases
Comparable store sales were up 5 percent, partially reversing the 7 percent comp store sales decline in the second quarter of 2022.
U.S. Jobless Claims Fall As Economy Chugs Along
In the week ending August 12, the advance figure for seasonally-adjusted initial claims declined 11,000 to 239,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 248,000 to 250,000.
Walmart Makes Leadership Changes Across Operating Segments
Walmart announced several leadership changes to its core operating units. Judith McKenna, president and CEO of Walmart International, announced her retirement. She will be succeeded by Kath McLay. Chris Nicholas becomes president and CEO of Sam’s Club U.S., and Kieran Shanahan, EVP and chief operating officer of Walmart U.S.
Digital Brands Group Swings to Profit on Q2 Revenue Gain
The company reported that net revenues for the second quarter increased 69.6 percent to $4.5 million. Net income attributable to common stockholders was $5.0 million, or 38 cents per diluted share, in the quarter.
VF-Backed Wildwood Ventures Adds Portfolio Company; Expands Board
Wildwood Ventures, the venture studio and early stage investor backed by VF Corporation, added consumer app Chimani to its portfolio. The company also added three members to its advisory board.
Moody’s Withdraws New Era’s Ratings Following Debt Repayment
Moody’s Investors Service withdrew all New Era Cap, LLC debt ratings following the repayment of its outstanding rated debt in conjunction with the closing of a recent refinancing transaction.
Underwear Startup Parade Bought by Ariela & Associates International
Parade, an underwear brand popular with Gen-Zers, has agreed to be acquired by Ariela & Associates International, the intimates manufacturer and licensee of Fruit of the Loom.
Report: Traffic Report Sees Dick’s and Hibbett Well-Positioned for BTS
With Dick’s Sporting Goods releasing second quarter earnings next week and Hibbett Sports usually close behind in timing of its release, a new report from Placer.ai looks to be rather timely.
Next Level Apparel’s Debt Ratings Lowered On Default Risk
S&P Global Ratings lowered the debt ratings of YS Garments LLC, doing business as Next Level Apparel, as the Gardena, CA-based clothing company has disclosed that it has entered into an agreement with its lender group to waive its financial covenant for the second quarter ended June 30, 2023 through Sept. 30, 2024.
Costco Wholesale Corporation Elects New Board Director
Costco Wholesale Corp. elected Helena Buonanno Foulkes to its Board of Directors. Most recently, Foulkes was CEO of Hudson’s Bay Company.
Herschel Supply Opens Flagship in New York City
Herschel Supply has opened its new SoHo flagship store in New York City, continuing its retail expansion plans for 2023 following recent store openings in Santa Monica, CA and NYC’s Flatiron district.
