Costco Sees Fiscal Q3 Earnings Miss
Costco Wholesale Corp. reported earnings in the fiscal third quarter ended May 7 that missed analysts’ expectations. Same-store sales excluding the impacts of changes in gasoline prices and foreign exchange were up 3.5 percent.
Hibbett Reduces Full-Year Guidance On Q1 Miss
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, “”Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.”
RVIA: RV Shipments Down 45 Percent In April, Again Led By Towables
The results from RVIA’s (RV Industry Association) April 2023 survey of manufacturers found that total RV shipments ended the month with 31,216 units, a decrease of 45.4 percent compared to the 57,192 units shipped in April 2022.
Fox Factory Welcomes New CFO
Fox Factory Holding Corp. named Dennis Schemm as chief financial officer, effective June 12. Schemm succeeds interim CFO Maggie Torres, who will retire when Schemm assumes the role.
Athleta’s Q1 Revenues Slide 11 Percent
Gap Inc. reported net sales at its Athleta women’s activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta’s sales “were impacted by continued product acceptance challenges.”
Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines
Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent.
Lolë Acquires Époque Évolution
Lolë, the Montreal-based activewear and outerwear brand, reported it acquired Époque Évolution a sustainability-focused women’s apparel brand based in San Anselmo, CA.
Cap America Names VP Of Sales
Cap America, the headwear manufacturer, promoted Grace Schettler to senior vice president of sales.
Duluth Holdings Adds Board Member
Duluth Holdings, Inc., the parent of Duluth Trading, elected Ronald Robinson to its Board of Directors. Robinson works for Designer Brands as its chief supply chain officer.
G.O.A.T. Fuel Completes Funding Round
G.O.A.T. Fuel, the sports energy drink co-founded by pro football Hall of Famer Jerry Rice, closed on its initial Series Seed round of financing, was oversubscribed and raised $5 million.
S.K.I. Essentials Inks Licensing Deal With Ike Behar
Ike Behar, an omnichannel brand and manufacturer of luxury menswear, inked a new licensing deal with S.K.I. Essentials for premium undergarments and loungewear.
MeatEater, Inc. Acquires Dave Smith Decoys
MeatEater, Inc. acquired Dave Smith Decoys (DSD), an industry leader in realistic hunting decoys and gear. The move marks the company’s latest strategic acquisition in high-performance outdoor products.
Kampgrounds Of America Buys Back Oldest KOA Campground And Two Yellowstone Locations
Kampgrounds of America, Inc. (KOA) reported it purchased three KOA properties—Billings KOA Holiday in Billings, MT, Yellowstone Park/West Gate KOA Holiday and Yellowstone Park/Mountainside KOA Holiday located near West Yellowstone, MT. Billings KOA Holiday, opened in June of 1962 and holds the designation as the first KOA campground.
DXL Posts Q1 Sales Decline After Strong Comp Sales Growth To Start The Year
Destination XL Group, Inc. reported total sales for the first quarter were $125.4 million, down 1.7 percent from $127.7 million in the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 increased 0.6 percent as compared to the first quarter of fiscal 2022, with comparable sales from stores up 1.5 […]
Crunch Franchise Opening Newest Location In Nashville
Crunch Franchise announced the upcoming May 26 opening of Crunch Priest Lake, a 34,000-square-foot fitness facility, with the latest in cardio and strength training equipment.
