Report: Tennis Apparel and Footwear Sales Growing at Double-Digit Pace
In the U.S., sales revenue for tennis apparel increased by 15 percent in the 12 months ended June 2023 and is up 38 percent versus three years ago, according to Circana. Tennis shoe sales grew by 21 percent versus the prior year and increased 37 percent compared to three years ago.
Outdoor Recreation Roundtable Appoints Senior Program Director
Outdoor Recreation Roundtable, the coalition of outdoor recreation trade associations that collectively represents the $862 billion outdoor recreation economy, hired Ambreen Tariq as senior program director.
Deckers Brands Lifts Outlook on Hoka and DTC Momentum
Deckers Brands raised its outlook for the year after reporting results for the fiscal first quarter ended June 30 that surpassed analyst targets. Direct-to-consumer growth net sales increased 35.3 percent to offset a slight wholesale decline. Among major brands, sales of Hoka’s jumped 27.4 percent while Ugg’s sales decreased 6.0 percent.
Skechers Raises EPS Guidance as Q2 Tops Expectations
Skechers U.S.A., Inc. raised its outlook for earnings for the year as second-quarter doubled expectations. Sales in the second quarter climbed 7.7 percent as robust growth in its direct-to-consumer globally and international wholesale growth offset declining wholesale revenues in the Americas region.
SRAM Names VP of Marketing and Communication
Chicago-based bicycle parts manufacturer SRAM has hired Josh Kendrick as its new vice president of marketing and communication (marcom). Kendrick will take over from David Zimberoff, who is moving on after leading the department for more than 24 years.
True Fitness Recalls Showrunner II Consoles
True Fitness recalled about 600 Showrunner II Consoles, including wireless phone chargers, sold with the fitness equipment. An exposed area of the wireless charging board could come in contact with another internal wire, posing a fire hazard.
The Beachbody Company Amends Loan Agreement
The Beachbody Company, Inc. reported that it amended certain financial covenants of its $50 million term loan with Blue Torch Capital to add financial flexibility.
L.L. Bean to Open Two Stores in Quebec
L.L. Bean reported it will open its first two Quebec stores in Saint-Bruno-de-Montarville and Boisbriand. The outdoor retailer will also launch a French version of its website in Canada.
Camping World Opens Its 200th RV Dealership After Breeden RV Acquisition
Camping World Holdings, Inc. opened its 200th RV dealership, located in Van Buren, AR, coinciding with the closing on the acquisition of Breeden RV.
Sportsman’s Warehouse Opens Store in Tampa
Sportsman’s Warehouse opened a store at The Walk at Highwoods Preserve in Tampa, representing its fifth store in Florida.
Moncler S.p.A.’s Revenues Climb 21 Percent In First Half
Moncler S.p.A. reported operating earnings gained 20.9 percent in the first half as sales grew 24 percent. Sales for the Moncler brand jumped 29 percent while sales at Stone Island gained 5 percent.
MarineMax’s Earnings Slide in Fiscal Q3, Top Expectations
MarineMax, Inc. reported earnings in its fiscal third quarter ended June 30 fell 35 percent due to costs tied to the acquisition of IGY Marinas and more promotions in the marketplace. Same-store sales were up slightly. Results were ahead of company expectations.
Crocs, Inc. Passes Billion Dollar Revenue Line in Q2 with DTC Up 26 Percent
Crocs, Inc. reported that revenues passed the billion-dollar mark in the second quarter to $1.07 billion, an increase of 11.2 percent from the same period last year, or 12.0 percent on a constant-currency basis.
Tractor Supply Trims Outlook On Q2 Miss, Ramps Up Expansion Target
Tractor Supply Company slightly lowered its guidance for the year as second-quarter results came in below expectations. The rural retailer also announced a new long-term target of 3,000 stores in the U.S. with a plan to increase annual store openings to 90 per year.
Escalade Sees Sequential Improvement to Q2 Business From Tough Q1 Start
Excluding the impact of the change in the company’s reporting calendar, second quarter sales declined 9.5 percent on a year-over-year basis and second quarter gross margin improved significantly compared to the first quarter.
