Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products In 2022
More than 60 percent of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers.
Christy Sports Opens Location In Aspen
Christy Sports announced the opening a new store in Aspen, CO, located at 303 East Durant Street. The location was previously an Aspen Sports store and recently vacated as part of Vail Resorts’ exit from Aspen.
Ralph Lauren Comp Sales Grow 9 Percent In Fiscal Q4 On Strong Asia Growth
Ralph Lauren Corporation reported revenue increased 1 percent to $1.5 billion on a reported 13-week basis in the fourth quarter of Fiscal 2023, versus a 14-week fiscal period last year. On a 13-week comparable basis, revenue increased 9 percent in constant-currency. Earnings per diluted share was 48 cents on a reported basis.
Colt CZ’s Sales Decline 15 Percent In First Quarter
Colt CZ Group reported operating earnings on adjusted basis fell in the first quarter ended March 31 as sales were down 15.2 percent.
Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
NSSF Adds Excise Tax Consultant
NSSF, the firearm industry trade association, named Richard Weimer, noted expert in federal excise tax compliance, to its compliance consultant’s team.
Burlington Stores Comps Rise 4 Percent In First Quarter As Net Income Doubles
Burlington Stores, Inc. reported fiscal first-quarter total sales increased 11 percent to $2.13 billion for the 13-week period ended April 29, compared to $1.93 billion in the first quarter of fiscal 2022. Comparable store sales increased 4 percent compared to the first quarter of fiscal 2022.
Genesco’s Q1 Earnings Miss Plan On Journey’s Shortfall
Genesco, Inc. reported a steeper loss than expected in the first quarter ended April 29 as Journeys same-store sales fell 14 percent, offsetting double-digit gains at Schuh and Johnston & Murphy. Genesco reduced its outlook for the year and is initiating cost-containment initiatives. Genesco now plans to close more than 100 Journeys stores this year, versus prior expectations to close 60 stores.
Nike Announces Senior Leadership Realignment
Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.
NBA Sponsorship Revenue Reaches Record $1.4B In 2022/23
NBA team sponsorship revenue grew more than $100m from last season, reaching a record $1.4 billion in the 2022/23 season, according to SponsorUnited*, the sports and entertainment intelligence platform.
Golftec Opens Location Near Chicago
Golftec opened an instruction and club fitting center in Geneva, IL, on the western side of the Chicago suburbs at 1492 S. Randall Road.
EoS Fitness Opens Fifth Texas Location In Houston Suburb
A fifth EoS Fitness location opened in the Houston suburb of Spring. EoS Fitness reported it plans to open several more gyms in Texas later this year.
KOA: Air Travel Issues Lead Leisure Travelers To Find Alternatives In 2023
The Kampgrounds of America, Inc. Monthly Research Report, May 2023 Edition, points to continued issues with air travel causing leisure travelers, and especially campers, to seek alternative modes of travel in 2023.
Lids Promotes Durda To President
Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.
Dick’s SG To Open 12 House Of Sports
After opening its first three Dick’s House of Sport stores in Rochester, NY, Knoxville, TN and Minnetonka, MN, DKS plans to open more than 12 new stores in the next two years.
