Bass Pro’s Parent’s Debt Ratings Upgraded By S&P
S&P Global Ratings raised its debt ratings on Great Outdoors Group, LLC due to the parent of Bass Pro and Cabela’s “consistent improvements in its sales and profitability” and improving debt leverage.
Duluth Trading Ekes Out Q1 Sales Increase As DTC Offsets Light Store Traffic
Duluth Trading Company reported fiscal first quarter net sales increased 0.7 percent to $123.8 million. Direct-to-consumer net sales increased 2.3 percent while Retail store net sales decreased 2.1 percent in the period.
Macy’s Cuts Outlook Despite Q1 Earnings Beat
Macy’s, Inc. reported first-quarter earnings topped analyst expectations on margin improvement, but sales missed Wall Street’s targets. The department store chain slashed its EPS and sales outlook for the year reported financial results for the first quarter of 2023 and updated its annual guidance as spending on discretionary categories weakened since late March.
Caleres Lowers 2023 Revenue Guidance On Famous Footwear Weakness
Caleres reported first-quarter earnings declined but reached the upper end of guidance. Sales dropped 9.8 percent, below guidance, and Caleres reduced its revenue outlook for the year due to softening sales at Famous Footwear.
Hestra North America Hires Sales And Marketing Director
Hestra hired Tim Hevers as director of sales and marketing for North America. Hevers comes to Hestra with 20-plus years of experience in the outdoor industry, including Sports Authority and, most recently, Vail Resorts.
Dick’s SG Sees Outdoor Merchandising Veteran Retire After 36 Years
Kevin Van Vorce is retiring after 36 years with Dick’s Sporting Goods. He started with Dick’s in 1987 as a footwear sales associate at the original Dick’s Sporting Goods store in Binghamton, NY.
Camping World Named To Fortune 500 List
Camping World Holdings, Inc. was named to the Fortune 500 list. The company ranked 475, moving up from its position in 2022.
Nordstrom Posts Q1 Loss On Double-Digit Sales Declines Across Stores And Digital
Nordstrom, Inc. reported total company net sales decreased 11.6 percent to $3.06 billion in the fiscal first quarter ended April 29. Digital sales decreased 17.4 percent. Nordstrom reported a first quarter net loss of $205 million, or a loss per diluted share of $1.27.
Martha Headwear Hires Sales and Marketing Manager; Looks To Europe For 2024
Martha Headwear has hired Martin Sundblad, a former executive at Reef and Fallen, as its sales and marketing manager. The company’s sales reps operate in NorCal, Central California, SoCal, the Rockies, Puerto Rico, Texas, the Mid-Atlantic, and Florida.
CR Fitness Holdings Set To Open Two New Crunch Locations This Summer
Crunch Franchisee, CR Fitness Holdings, reported it plans to open its newest location outside of Charlotte in Matthews, NC, this summer, along with Crunch Winter Garden, its sixth location to open in the Orlando metropolitan area.
Rally House Adding Two New Ohio Locations
Rally House announced it is expanding its store presence in Ohio with two new locations in the Cleveland and Columbus markets.
Lids Opens Paris Saint-Germain Store In Miami
France’s football club Paris Saint-Germain (PSG) opened a new permanent storefront in Miami, FL, run and operated by Lids.
Life Time Opens First Club In Oregon
Life Time reported it opened its first Oregon location in Beaverton. The 190,000-square-foot, three-story Life Time Beaverton athletic country club expands the company’s geographic footprint to 30 states and 42 major markets in the U.S.
Tucker Powersports Named Exclusive Distributor Of Rambo Bikes
Tucker Powersports was named the exclusive distributor of Rambo electric bikes, a maker of fat tire bikes popular with hunters and outdoor enthusiasts.
True Spec Golf Opens Third North Carolina Location
True Spec Golf partnered with Intown Golf Club to open True Spec Charlotte, its third custom club fitting and building in North Carolina.
