Dickies Makes Three Key Product Leadership Appointments
Dickies has made two new appointments and one internal promotion to their product leadership team. The appointments come on the heels of the early April announcement that saw Todd Dalhausser, previously president of VF Corp’s Altra footwear brand, named as the new president of Dickies.
Skechers Q1 Tops Guidance On DTC Momentum
Skechers U.S.A., Inc. reported earnings rose 32.3 percent in the first quarter ended March 31 on a 10.0 percent sales gain. Strong double-digit DTC growth globally due to improved inventory availability offset wholesale declines in the Americas region. Guidance was raised as quarterly earnings and sales easily surpassed expectations.
Columbia Sportswear Narrows 2023 Profit Outlook As Q1 Profits Contract Over 30 Percent
Columbia Sportswear Company reported that net sales increased 8 percent (10 percent constant-currency) to $820.6 million in the 2023 first quarter as net income decreased 31 percent. Inventories increased 34 percent at quarter-end on elevated carryover inventory, earlier receipt of current season inventory.
The Rossignol Group Posts 28 Percent Growth For 2022/23 Financial Year
The Rossignol Group, parent of the Rossignol, Dynastar, Lange, Look, and Kerma brands, reported that revenue increased 28 percent to €401 million for the 12-month financial year period ended March 31, 2023, compared to €313 million in revenue for the prior year.
REI To Open Store On Tribal Land In Arizona
REI Co-op will open a store in Prescott, AZ in Fall 2023, leased from the Yavapai-Prescott Indian Tribe and located on tribal land at Frontier Village Center.
Skechers Acquires Its Scandinavian Distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS.
Authentic Inks UK And Europe Deals To Manage Ted Baker Brand Business
Authentic Brands Group (Authentic) reportedly signed a long-term strategic partnership with two new operating partners for Ted Baker in the UK and Europe—PDS Group (PDS) and AARC.
Academy Names New CEO And New President As Hicks Moves To Executive Chairman Role
Academy Sports and Outdoors, Inc. announced that, as a result of a planned succession process, the following changes to its executive leadership team will be effective on June 1, 2023.
Fanatics Hires New Investor Relations Head From Facebook Parent
Fanatics hired Deborah Crawford as SVP, head of investor relations, reporting to Fanatics CFO Glenn H. Schiffman.
Brunswick Posts Solid First Quarter Sales and Adjusted Profits
Brunswick Corporation reported consolidated net sales of $1.74 billion for the first quarter of 2023, up 2.8 percent from $1.70 billion in the first quarter of 2022. Diluted EPS for the quarter was down 30.7 percent to $1.56 a share on a GAAP basis but up 1.6 percent to $2.57 a share on an adjusted basis.
Placer.ai Sees Retail Foot Traffic Slide In March
Nationwide, in March 2023, retail foot traffic fell 5.0 percent year-over-year, according to Placer.ai. The foot traffic analytics company’s March report found that traffic performed better in some regions of the U.S. than in others.
Fabletics Expands Resale Program
Fabletics and its sister brand Yitty, expanded its resale program with ThredUp giving consumers a vehicle to resell gently worn clothing for a Fabletics shopping credit.
Velous Footwear Inks Sales Rep Deals Across Four Regions
Velous Footwear reportedly signed with four sales organizations in the U.S., Australia, New Zealand, Europe, and Southeast Asia to expand its sales channels and increase worldwide product availability.
Tractor Supply Sees Q1 Profit Decline As Comps Fall Short Of Plan On Weather Issues
Tractor Supply Company reported that net sales for the first quarter increased 9.1 percent to $3.30 billion from $3.02 billion in the first quarter of 2022. Comparable store sales increased 2.1 percent, as compared to an increase of 5.2 percent in Q1 last year first.
Osprey, Hydro Flask Parent Sees Flattish Q4 Growth From Home & Outdoor Segment
Helen of Troy reported sales in the Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 0.5 percent in the fiscal fourth quarter ended February 28, to $211.9 million. Helen of Troy also gave soft guidance for the segment in the current fiscal year, expecting sales to range from a decline of 1.7 percent to growth of 1.0 percent.
