Canada Goose Sales Expand 31 Percent In Fiscal Fourth Quarter
Canada Goose Holdings, Inc. reported a strong profit earnings uptick in the fiscal fourth quarter that ended April 2 as double-digit growth in Canada, EMEA and Asia Pacific offset a slight decline in U.S. sales that jumped 31 percent. Sales and EPS exceeded company guidance, and revenues are forecasted to climb 19 percent on average for the current fiscal year.
Pou Chen To Lay Off 5,700 Workers In Vietnam
Taiwan’s Pou Chen, the world’s largest maker of branded athletic footwear, has announced layoffs for 5,744 workers at factories in Vietnam, according to multiple reports.
Boot Barn’s Q4 Same-Store Sales Drop 5.5 Percent
Boot Barn Holdings, Inc. reported sales fell steeper than expected in the fiscal fourth quarter ended April 1, but earnings rose slightly and topped guidance.
Stance Names New President
Stance, the sock brand, named David Tichiaz as president. He had been at Vans for nearly 17 years, with his last role as VP and general manager of the Americas.
Wahoo Fitness Wipes Debt Line Clean With Recap
Wahoo Fitness reported it had eliminated all its debt with a recapitalization led by founder Chip Hawkins. Terms were not disclosed.
Golftec Relocates San Diego Center
Golftec relocated its instruction and club fitting center in San Diego.
EoS Fitness Opens Latest Florida Location In Tampa Bay Market
The latest EoS Fitness location will open in Lutz, FL, expanding the company’s footprint in the Tampa Bay area, where EoS has five of its eight Florida locations open.
KÜHL Opens First Jackson Hole Store Location
KÜHL is opening its first retail store in Jackson Hole, WY on Friday, May 19. Located in the heart of town, this marks the launch of KÜHL’s fourth retail location in the U.S.
Teton Gravity Research To Open Pop-Up Retail Shop In Park City
Teton Gravity Research will open a pop-up retail shop in Park City, UT, over the Memorial Day weekend, marking the company’s latest move to expand its retail footprint.
BSN Sports Extends Partnership With The University Of Cincinnati
The University of Cincinnati Athletics Department announced an apparel agreement with BSN Sports. Within the deal, Cincinnati has elected to equip its programs with Jordan Brand and Nike products. The Bearcats were slated to wear Under Armour through 2024.
Five Iron Golf Launches Franchising Program
Five Iron Golf, with 18 locations across the U.S., has introduced its franchising program.
Fabletics Opens Store At University of Southern California
Fabletics opened its first on-campus retail store at the University of Southern California.
Rally House Partners With K-State Athletics
Rally House partnered with K-State Athletics to operate the University’s in-venue and online stores.
TJX Sees Healthy Q1 Profit Uptick On 3 Percent Comp Sales Growth
The TJX Companies Inc. reported profits jumped 58.7 percent in the first quarter ended April 29 as same-store sales gained 3 percent. Both earnings and sales topped analyst estimates in the quarter and guidance was raised for the year.
Target’s Q1 Profits Top Analyst Targets; Warns On Q2 Outlook
Target Corp. reported a slight decline in earnings on a 0.5 percent increase in sales in the first quarter, but both earnings and sales topped Wall Street targets. Target issued soft guidance for the second quarter, marked by a low single-digit decrease in comparable sales, and said a higher shrink would impact the year’s profitability.
