Crocs Raises Outlook On Strong First Quarter Results
Crocs Inc. reported earnings doubled in the first quarter ended March 31 on a 34 percent revenue gain. Sales gains were boosted by last year’s acquisition of Heydude and a 19.0 gain for the Crocs brand. Full-year guidance was raised due to accelerated momentum with the Crocs brand.
U.S. Consumer Confidence Dips To Lowest Level Since July
According to the Conference Board, U.S. consumer confidence dropped in April to the lowest since July on more pessimistic views about the economic outlook, even as current conditions improved.
CR Fitness Holdings Opens Crunch Fitness Location In Buford, GA
Crunch Franchisee CR Fitness Holdings announced the opening of Crunch Buford, a $5 million, 25,000-square-foot fitness facility within Gwinnett County in the Gateway Shopping Center.
Dick’s SG Closing Store In Knightdale, NC
Dick’s Sporting Goods is closing its store in Knightdale, NC, by May 20. The retailer opened the store in 2008.
Scarpa Hires Sales Agency For Mid-Atlantic Region
Scarpa hired the Alpin Sports Group to direct sales for the brand in the Mid-Atlantic.
Outdoor Apparel Company SheFly Rebrands As Gnara
Outdoor apparel company SheFly reportedly rebranded as Gnara. Part of the reason may be because Turkey-based Melik Tenstil Group is using the Shefly brand name to sell its fashion apparel at wholesale prices.
Gazelle Sports Opens Seventh Store
Gazelle Sports, based in Grand Rapids, MI, opened its seventh store in Grandville, MI. The 2,300-square-foot store is located at 4499 Ivanrest Avenue, SW.
Puma’s Q1 Sales Dip In Americas Region On Inventory Overhang
Puma SE reported Q1 sales in the Americas region declined 0.8 percent on a currency-neutral basis as wholesale revenues declined, particularly in off-price channels, due to elevated inventories in the marketplace. Overall earnings were down slightly as margin and cost pressures offset a 14 percent gain in sales.
Craft, Cutter & Buck Parent Shows 20 Percent Q1 Revenue Gain
New Wave Group AB, the parent of Craft and Cutter & Buck, reported profits rose 44.8 percent in the first quarter ended March 31 on a 20 percent sales gain.
Sherpa Adventure Gear And Artilect Brands Get New U.S. Sales Director
Bradshaw Taylor hired Emily McKissock as director of U.S. sales for Artilect and Sherpa Adventure Gear.
Edel Golf Names Chief Marketing Officer
Edel Golf, the Denver, CO-based golf equipment maker, hired Mike Pai as chief marketing officer.
Survey: RV Shipments Fall 51 Percent In March; Park Models Buck Negative Trend
The RV Industry Association reported that its March 2023 survey of manufacturers found that total RV shipments ended the month with 31,869 units, a decrease of 50.8 percent compared to the 64,778 units shipped in March 2022.
Shimano Trims Outlook As Q1 Cycling Segment Sales Decline
Shimano slightly lowered its outlook for the year after reporting earnings declined in the first quarter on a 12.5 percent revenue decline. Sales in the Bicycle Components segment were down 17 percent in the first quarter while Fishing Tackle segment sales were up 7 percent.
Chuze Fitness Acquires Bailey’s Health & Fitness
Chuze Fitness, a family-owned health club chain with 44 locations across the Western U.S., reported it acquired Jacksonville, FL-based Bailey’s Health & Fitness with 16 locations.
CCM Hockey Latest Brand To Partner With Play It Again Sports On Resale Program
Winmark Corp., the parent company of Play It Again Sports, reported it agreed to become the official resale partner of CCM, the hockey brand, with sales running through Play It Again Sports’ with more than 2809 franchised locations in North America.
