Dillard’s Q1 Flies Past Analyst Targets
Dillard’s, Inc. reported earnings declined 19.8 percent in the first quarter ended April 29 against difficult year-ago comparisons. Results came in well above analyst targets. Same-store sales slid 4 percent.
Nordstrom Names Chief Financial Officer
Nordstrom Inc. hired Cathy R. Smith as chief financial officer, effective May 29, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020.
KMD Brands Appoints CEO Of Kathmandu
KMD Brands, Ltd., the parent of Kathmandu, Rip Curl and Oboz, hired Megan Welch as CEO of Kathmandu, effective August 7.
Yeti’s Q1 Profits Drop On Recall Fallout
Profits at Yeti Holdings, Inc. fell 46 percent on an adjusted basis in the first quarter ended April 1 on a 3 percent sales gain. Results were impacted by a massive recall, but earnings topped analyst targets. Yeti reiterated its goal to return to double-digit growth by the fourth quarter.
JD Sports Fashion Appoints New Group CFO
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, has appointed Dominic Platt as chief financial officer and as a member of the Board of Directors. He is expected to join the company later this year.
Timberland Opens New SoHo Flagship
Timberland opened a new flagship store in Manhattan’s SoHo neighborhood and launched its first U.S.-based membership program, The Community, across all stores and online.
The RealReal Narrows Q1 Adjusted Loss On Stronger Gross Margins
The RealReal, which claims to be the world’s largest online marketplace for authenticated, resale luxury goods, reported total Q1 revenue was $142 million, a decrease of 3 percent. Gross margins came in at 63.4 percent of revenues in Q1, a 12.1 percentage point improvement versus the year-ago period.
BRC Sees April U.K. Retail Foot Traffic Growth Slip Versus Q1 Trend
The British Retail Consortium (BRC) is reporting that total U.K. retail foot traffic, or footfall, increased 5.3 percent year-over-year in April, according to BRC-Sensormatic IQ data, 1.5 percentage points worse than March and worse than the 3-month average increase of 7.0 percent.
Crunch Franchise Announces Newest Location In Fern Creek, KY
Crunch Franchise announced the opening of Crunch Fern Creek, a $5 million, 30,000-square-foot fitness facility, with $1 million worth of state-of-the-art equipment and amenities in a historic community located in Jefferson County, KY.
The Pickleball Club Opens First Club In Sarasota, FL
The Pickleball Club is celebrating the recent grand opening of its first club. In Sarasota near Lakewood Ranch, FL, the recent ribbon cutting marks the opening of the first dedicated indoor pickleball facility in the state.
MasterCraft Boat’s Fiscal Q3 Results Top Expectations
MasterCraft Boat Holdings Inc. reported adjusted earnings in the fiscal third quarter ended April 2 matched record earnings in the year-ago quarter despite a 1.5 percent sales decline. The boat maker lifted guidance on the better-than-planned performance.
Havaianas’ Parent Sees Slight Q1 Revenue Decline
Alpargatas, owner of Havaianas and Rothy’s footwear brands, reported revenue reached Brazilian real (BR) 902.5 million ($181 mm) in the first quarter, down 2.7 percent from BR$927.2 million a year ago.
Wolverine Q1 Sales Slip Despite Momentum For Merrell And Saucony
Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year.
Firearm & Ammo Manufacturers Contributed $235M To Conservation In Q4 Via Excise Tax
Firearm and ammunition manufacturers contributed more than $235 million to the Wildlife Restoration Trust Fund in the fourth quarter. The contribution topped $16.1 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937, or more than $25 billion adjusted for inflation.
Foundation Wellness Acquires Currex As Complement To Powerstep Brand
Foundation Wellness has acquired Currex, a leading brand of insoles designed for athletes and active individuals. Currex is a top brand in retail running stores across the U.S. and Germany.
a leading insoles brand designed for athletes and active consumers, and carried in retail running shops across the U.S. and Germany.
