Zumiez Logs Q1 Loss As Sales Decline 17 Percent
Zumiez Inc. reported a loss in the first quarter ended April 29 as sales declined 17 percent. Results were in line with guidance with the weakness blamed on weak demand and the promotional environment. For the current quarter, another loss is expected on a sales decline of about 14 percent.
Lululemon Hikes Outlook As Q1 Blows Past Guidance
Lululemon Athletica, Inc., bucking a recent trend toward guidance cuts for most retailers, raised its outlook for the year after reporting first-quarter results that topped expectations.
Alterra Mountain Company To Acquire Schweitzer In Idaho
Alterra Mountain Company reported it entered into an agreement to purchase Idaho’s Schweitzer, expanding its portfolio in the Pacific Northwest by joining Crystal Mountain in Washington.
Vimazi Hires National Sales Manager And Sales Reps
Vimazi hired Scott McCoubrey as national sales manager and Henry Guzman and Adam Pinkston to join its sales team.
SylvanSport Expands Team With New Hires
SylvanSport added five new hires to expand its marketing, customer support and engineering teams.
Primus And Silva To Operate As New Primus-Silva Sweden AB Entity
Swedish cooking equipment brand Primus officially moved into the Silva family of brands under the newly created Primus-Silva Sweden AB company.
Fox Racing Opens Store In Bentonville
Fox Racing opened a store in Bentonville, AR, on May 26, near Slaughter Pen Trails or Coler Mountain Bike Park, marking its ninth store.
FDRA Appoints New Board Leadership Team
The Footwear Distributors and Retailers of America (FDRA) appointed Jennifer Bendall, VP of government and public affairs at Nike, as chair of FDRA’s board of directors; Josue Solano, president and CEO of BBC International, as FDRA vice chair; and Dan Friedman, chief sourcing officer at Caleres, as FDRA board treasurer.
Survey: Americans Looking To Outdoors And Road Trips In 2023
As Americans make summer travel and recreation plans, they are increasingly looking to the outdoors and road trips to improve mental well-being and to combat the rising costs of flights, lodging and car rentals according to a new consumer survey from Winnebago Industries, Inc.
Electric RV Company Lightship To Open Manufacturing Facility In Broomfield, CO
Lightship, the electric RV company, reportedly signed a lease agreement on a 32,000-square-foot space in Broomfield, CO, to house its pilot manufacturing operations for the Lightship L1, an aerodynamic, solar and battery-powered travel trailer, following its launch in March.
The Buckle Posts 6.4 Percent Comp Sales Decline In May
The Buckle, Inc. posted a 6.4 percent comparable store net sales decline in May. Net sales for the 4-week fiscal month ended May 27 decreased 5.3 percent to $89.3 million from net sales of $94.3 million for the prior-year 4-week comparable period.
Under Armour Founder Sells $100 Million Stake To Merchant Bank Affiliate
Under Armour, Inc. reported that company Founder, Executive Chair and Brand Chief Kevin Plank slightly reduced his stake in the company, selling shares valued at approximately $100 million to funds managed by BDT Capital Partners. Plank said the sale is related to personal financing commitments.
Marolina Outdoor Adds VP Marketing For HUK And Nomad
Marolina Outdoor, Inc. the parent company of Huk Performance Fishing and Nomad Outdoor, tapped Joe Becker as the new VP of marketing for both brands.
Patagonia Sues Nordstrom Over Counterfeits
Patagonia filed a trademark infringement lawsuit in California against Nordstrom, accusing the company’s Nordstrom Rack chain is selling “thousands” of “obvious counterfeits” after their partnership ended and then refusing a recall on the products.
Lands’ End Narrows Q1 Loss On Sales Lift From Swim; Adds Key SVPs
Lands’ End, Inc. reported fiscal-first quarter net revenue increased 1.9 percent to $309.6 million. Net loss was $1.7 million, or a 5 cents loss per diluted share, in the quarter.
