Giant Bicycles Sees Inventory Affecting Short-Term Results After Solid 2022
Giant Group reported that 2022 consolidated revenues increased 12.5 percent to NT$92.04 billion. Due to the impact of rising material and labor costs as well as an increase in the OEM business, the overall group’s gross margin and operating profit performance were negatively affected.
Camping World To Acquire Northern California’s Pan Pacific RV Center
Camping World Holdings, Inc. agreed to acquire Pan Pacific RV Center, including two northern California RV dealerships in French Camp and Morgan Hill.
Famous Footwear’s Q4 Margin Weakness Impacts Parent’s Profits
Caleres Inc. reported earnings on an adjusted basis declined 33 percent in the fourth quarter as margin declines at Famous Footwear offset improvement at its Brand Portfolio segment. Famous Footwear still managed a 0.7 percent comp gain in the quarter and Caleres’ overall inventories were down 2.8 percent year over year.
Castore Sponsors First National Soccer Team
Castore, the UK sportswear brand, signed a multi-year agreement to replace Umbro as the official kit supplier and retail partner of Ireland’s national soccer teams. The six-year deal runs until 2028 and is Castore’s first with a national soccer team.
Fieldsheer Names Chief Revenue Officer
Fieldsheer promoted John Cacopardo as chief revenue officer to lead sales, marketing and customer service.
Puma Opens Running Testing Facility
Puma opened the Puma Nitro Lab, an athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. Based at Hartmann’s facility near Frankfurt, Germany, the lab provides athletes with detailed, full-body insights using tests and scans, including 4D Motion analysis.
Women’s Tennis Association Secures $150M Investment
The Women’s Tennis Association announced that CVC Capital Partners, the global private equity firm, had become a commercial partner after making a $150 million investment that gave CVC a 20 percent stake in a new commercial subsidiary named WTA Ventures.
True Fit Hires Chief Revenue Officer; Names Global CMO From Within
True Fit hired former Snap, Inc. and Bazaarvoice executive Rob Weaver as its chief revenue officer. The fit personalization platform also promoted Sarah Curran, managing director of the EMEA, to global chief marketing officer.
REI To Open In Sarasota This Fall
REI Co-op will open a store in Sarasota this Fall 2023 in the University Town Center, its eighth store in Florida.
Pard Optics Designates Sports South As Distributor Partner
Pard Optics designated Sports South as an authorized Pard distributor. Established in 1841, Sports South is one of the oldest and largest distributors of firearms, ammunition and accessories in the United States.
Henry Repeating Arms Issues Recall On Lever Action .45-70 Rifles
Henry Repeating Arms reported a safety issue affecting specific lever action .45-70 Gov’t rifles manufactured between December 14, 2022 and January 11, 2023.
Stitch Fix Posts 20 Percent Sales Decline In Fiscal Q2; CFO To Exit
Stitch Fix, Inc. reported a loss of $65.6 million in the fiscal second quarter ended January 28 as sales declined 20 percent.
A.k.a. Brands Sees Q4 Sales Fall 18 Percent; CEO To Take Medical Leave
A.k.a. Brands Holding Corp, the parent of Princess Polly, Culture Kings, mnml and Petal & Pup., reported sales decreased 18.3 percent in the fourth quarter, to $149.1 million, compared to $182.4 million in the fourth quarter of 2021. Currency-neutral sales were down 13 percent.
Report: Shein Exploring IPO
Shein, the Chinese-based online fashion retailer, intends to raise about $2 billion in a new funding round in March and is aiming for a U.S. initial public offering listing in the second half of this year.
Wahoo Fitness Integrates Elemnt Range With Trailforks Mapping App
Wahoo Fitness reported integrating its Elemnt range of GPS bike computers with Outside Interactive, Inc.’s Trailforks mapping app.
