SGB Update

Yue Yuen Manufacturing Business Falls 21.3 Percent In March

Yue Yuen Industrial (Holdings) Limited, the subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for March was $696.5 million, a 10.0 percent decline versus the year-ago month.

Sportsman’s Warehouse Q4 Profits Decline On Double-Digit Comps Decline; CEO To Retire

Sportsman’s Warehouse Holdings, Inc. announced that John Barker, CEO, plans to retire as CEO and director, effective April 14, to spend time on personal interests. Joseph Schneider, the current Board chair, has been appointed interim CEO. The change comes as the retailer reported fourth-quarter earnings declined sharply against strong year-ago results and although EPS slightly exceeded Wall Street’s targets.

Pou Sheng Retail Sales Surge 29.8 Percent In March

Pou Sheng International (Holdings) Limited, the China-based retail subsidiary of Yue Yuen Industrial (Holdings) Limited, reported that net consolidated operating revenue for March was RMB 1.73 billion, up 29.8 percent from RMB 1.34 billion in the year-ago comparable month.

Sun & Ski Sports Opens Salt Lake City Location

Sun & Ski Sports will officially open its 33rd store in Murray, UT, on April 14. Representatives from On, Hoka, Cannondale, Shimano, Rocky Mountain Bicycles, and Haro will attend the grand opening.

Puttshack Opens Location In Houston

Puttshack opened its sixth location at The Highlight at Houston Center at 1200 McKinney Street. The new 26,000-square-foot space includes four nine-hole mini golf courses, dining and private event space.

Xtep International Sees 20 Percent Retail Sales Growth In First Quarter

The Board of Directors of Xtep International Holdings Limited, which operates retail stores in China for K-Swiss, Palladium, Merrell, and Saucony, in addition to Xtep brand stores, reported that retail sell-through growth in the first quarter, including brick & mortar and online channels, increased approximately 20 percent versus the year-ago comparable period.

Kinona Appoints Co-Founder As New CEO, Names Senior Director Of Marketing

Tami Fujii, co-founder of women’s golf apparel brand Kinona, assumed the role of CEO effective March 1. Co-Founder Dianne Celuch remains chief operating and merchandising officer. Kinona’s director of e-commerce, Kirsten Wlaschin, was promoted to senior director of marketing.