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.
Vista Outdoor’s Earnings Decline on 14 Percent Revenue Slide
Vista Outdoor, Inc. reported earnings declined 54 percent in the fiscal first quarter ended June 25. Sales dropped 14 percent with sales down 26 percent in the Sporting Products segment while gaining 8 percent in the Outdoor Products segment. The company said results were in line with expectations and reiterated its guidance for the year.
Report: European Ski Brands Sold 3.7 Million Pairs of Skis in 2022/23
The FESI completed its annual market research of sell-in data for ski products. The organization, representing 25 leading ski brands in Europe and globally, collected and anonymized the data to present its market insights.
Elan Sports USA Retains New England Sales Representation
Elan Sports USA, the ski manufacturer, hired CK Sales Group to rep the line in New England, effective August 1, following the recent retirement of Peter Kidd, who sold the line in the region for over four decades.
Gap, Inc. Appoints Board Member as President and CEO
Gap, Inc., the parent company of active lifestyle retailer Athleta, appointed Richard Dickson as company president and CEO, effective August 22, 2023. In November 2022, Gap, Inc. appointed Dickson to its Board of Directors.
WH inc. Hires New Creative Director, Two Other Key Creative Hires
WH, Inc. hired Hart Rusen as new creative director with over 20 years of industry experience, Senior Designer Ari Pal, who joins from Vail Resorts, and Production Designer Chase Kunz, who joins from Microsoft.
Rockport’s Sale To Authentic Secures Court Approval
Authentic Brands Group reported that The U.S. Bankruptcy Court for the District of Delaware approved the sale transaction of Rockport. Authentic also signed a long-term licensing agreement for Rockport with Marc Fisher Footwear.
Foot Locker to Open First Store in Thailand
Foot Locker reported it is ready to open its first retail store in Thailand after transferring its operations in Singapore and Malaysia to MAP Active earlier this year.
Luth-AR Appoints National Sales Manager
Luth-AR, LLC announced that longtime firearms salesman Shane Cuperus received a promotion to a national sales leadership position, effective immediately. Cuperus joined the company in 2019 as a general manager.
Marine Products Corp. Sees Q2 EPS Surge on Strong Double-Digit Sales Gain
The increase in net sales was said to be due to an 11 percent increase in the number of boats sold during the quarter and a 10 percent increase in the average selling price per boat, as well as an increase in parts and accessories sales.
Garmin Opens Firstbeat Analytics Lab
Garmin reported that it opened its Firstbeat Analytics Lab in Jyväskylä, Finland. The research and testing facility will support the development of smartwatches, cycling computers and advanced wellness products.
Big Agnes Closes On Purchase Of Steamboat Springs Headquarters
Firehouse Holdings, LLC, wholly owned by the Big Agnes Ownership Group, which has been leasing to Big Agnes its headquarters in downtown Steamboat Spring, CO, closed on the building’s purchase on June 30, 2023.
U.S. Consumer Confidence Jumps to Highest Level in Two Years
The Conference Board’s monthly Consumer Confidence Index hit 117 in July, rising from 110.1 the month before. The index increased for the third consecutive month, bounding even higher after a sharp upswing in June.
