JD Sports To Acquire France’s Groupe Courir; Moves to Simplify JD Brand Subsidiaries
JD Sports Fashion Plc intends to take its first acquisitive steps in fulfilling the growth ambitions, as set out at the Capital Markets Event in February this year. Additionally, the Group is reviewing options to simplify the shareholdings in a number of its subsidiary businesses across Europe
Under Armour Swings To Fiscal Q4 Profit On Footwear Growth; Inventory Up 44 Percent
Under Armour reported that revenue for the fiscal fourth quarter was up 7.5 percent to $1.40 billion (+10 percent currency-neutral) in the period ended March 31. Net income was $170.5 million for the quarter, compared to a loss of $59.6 million in the prior-year quarter.
Golf Rounds Played Slide In March
Rounds of golf played in March 2023 were down about 2.3 percent in March on a national level year-over-year and are now down 0.2 percent for the year, according to Golf Datatech.
Rab, Lowe Alpine Names U.S. Marketing Manager
Rab and Lowe Alpine promoted outdoor industry veteran Annalee Loomer to U.S. Marketing Manager, a new role for the company’s domestic marketing department.
NICS Firearms Background Checks Increase Slightly In April
The April 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1.37 million represented an increase of 0.7 percent compared to the April 2022 NSSF-adjusted NICS figure of 1.36 million a year ago.
NRF Expects 2023 Imports To Remain Below 2022 Most Of Year
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Steven Madden’s Q1 Revenues Decline 17 Percent
Profits at Steven Madden, Ltd. fell 48.8 percent in the first quarter ended March 31 on an adjusted basis as sales declined 17.1 percent on lower wholesale shipments and challenging year-ago comparisons. The trendy footwear maker reiterated its guidance for the year.
Beachbody Company Narrows Q1 Loss Despite Sharp Revenue Decline
The Beachbody Company, Inc. reported that total revenue in the first quarter fell 27.1 percent to $144.9 million compared to $198.9 million in the prior-year period. The company’s net loss narrowed considerably at $29.2 million compared to a net loss of $73.5 million in the prior-year period.
Good To-Go Hires Marketing Manager
Good To-Go, founded by Chef Jennifer Scism in 2014 and based in Kittery, ME, hired Kristen Murphy, formerly at Vibram, as marketing manager.
Stio Raises $20 Million In Growth Capital
Stio reported it raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach.
Marin Mountain Bikes Names U.S. Sales Chief
Marin Mountain Bikes, Inc., based in Petaluma, CA, hired John Georger as vice president of sales for the U.S. market, effective May 1, overseeing the brand’s outside sales reps and inside sales and customer support teams.
White Mountain Enters Legwear License
Women’s footwear brand, White Mountain, signed a new licensing agreement with Legwear Concepts to distribute legwear (socks and hosiery) for women, men and kids. The license agreement also includes the Cliffs by White Mountain sandal brand and is the first legwear license for White Mountain.
Winnebago Recalls 6,536 RVs
Winnebago reported a recall of 6,536 motorhomes following an investigation that confirmed a defect in the company’s Cummins-made generator or, more specifically, the fuel hose between the inline fuel filter and the Injection Pump Module.
Outdoor Cap Hires New Rep For Hawaii And Nevada
Outdoor Cap hired Quinn Bui as its new rep for Hawaii and Nevada. With ten years of experience in the promotional product industry.
Nobull’s Chief Marketing Officer Resigns
Nobull reported that its chief marketing officer, Todd Meleney, resigned.
