Wolverine Q1 Sales Slip Despite Momentum For Merrell And Saucony
Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year.
Firearm & Ammo Manufacturers Contributed $235M To Conservation In Q4 Via Excise Tax
Firearm and ammunition manufacturers contributed more than $235 million to the Wildlife Restoration Trust Fund in the fourth quarter. The contribution topped $16.1 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937, or more than $25 billion adjusted for inflation.
Foundation Wellness Acquires Currex As Complement To Powerstep Brand
Foundation Wellness has acquired Currex, a leading brand of insoles designed for athletes and active individuals. Currex is a top brand in retail running stores across the U.S. and Germany.
a leading insoles brand designed for athletes and active consumers, and carried in retail running shops across the U.S. and Germany.
Newell Brands Gets Debt Rating Outlook Downgrade
Moody’s Investors Service lowered Newell Brands, Inc.’s debt rating outlook to negative from stable to reflect elevated risks over the next 12 to 18 months that inflation will persist and consumers will remain pressured for the remainder of this year.
Polar Names President Of Polar USA
Polar Electro, the maker of fitness trackers and heart rate monitors, hired Peggy Ang as president of Polar USA in March, overseeing business and brand development.
NRF Economist Reports Q1 Challenges Bringing Inflation Under Control
During the first quarter, slower-but-continued growth in gross domestic product and other economic indicators showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
Association Of Golf Merchandisers Names CEO
The Board of Directors of the Association of Golf Merchandisers (AGM) hired Jennifer Morton as its new CEO, effective immediately.
Topgolf Callaway Sees Q1 Profits Halved On Lower Golf Equipment Sales, FX Rate Impact
Topgolf Callaway Brands Corp. reported better-than-expected financial results for the first quarter, finishing the quarter ahead of plan. First quarter net revenues grew 12.2 percent, or 15.1 percent on a constant-currency basis, to $1.17 billion. Overall net income decreased 53.2 percent, or $37.7 million on a non-GAAP basis, to $33.2 million in the quarter
Nike Adds Board Member
Nike Inc. appointed Maria Henry, formerly at Kimberly-Clark Corporation, to its Board of Directors.
Allbirds Posts Q1 Loss On 13 Percent Revenue Decline
Allbirds, Inc. reported a loss in the first quarter ended March 31 as sales were down 13.4 percent, although results topped company guidance.
NSAA: Ski Area Visits Grow 6.6 Percent In 2022/23 Season; Rockies Led With Nearly 28M Visits
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6 percent increase over the previous season.
GoPro’s Q1 Sales Decline 19 Percent
GoPro reported a loss in the first quarter as sales were down 19 percent year-over-year but revenue topped guidance with subscribers expanding 36 percent year-over-year.
Life Time Completes Term Loan B Refinancing
Life Time Group Holdings, Inc. has refinanced its $274 million Term Loan B facility. In addition to extending the maturity to January 15, 2026, the company increased the facility to $310 million due to strong demand.
Eastern Mountain Sports Returns To Vermont With New Flagship Store
Eastern Mountain Sports has returned to Vermont with the opening of its 13,518-square-foot two-level flagship store in Burlington on April 21.
Blain’s Farm & Fleet Opens New Store In Rhinelander, WI
Blain’s Farm & Fleet announced it is opening its 45th store in Rhinelander, WI on May 11.
