Dunlop Sports Sees Revenue Outlook Reduced Despite Strong Q1 Growth
Sumitomo Rubber Industries, Ltd. Has reported that sales revenue in its Dunlop Sports business increased 19.5 percent to ¥35.5 billion ($267 million) in the first quarter. Business profit increased 37.2 percent to ¥5.5 billion ($41 million).
Lululemon Makes Minority Investment in Recycling Start-Up
Lululemon is making a minority investment in Australian start-up Samsara Eco, which uses plastic-eating enzymes to recycle apparel waste. As part of a multi-year partnership, Samsara Eco will work with Lululemon to create new recycled nylon 6.6 and polyester.
KOA Names Two To Top Leadership Positions
Kampgrounds of America, Inc. (KOA) has named Jill Currier as SVP of operations for the owned properties of KOA and Bill Gottwals as SVP of franchise operations.
EBay Acquires Certilogo To Boost Pre-Owned Authentication
EBay, Inc. signed a definitive agreement to acquire Certilogo, an AI-powered apparel and fashion goods digital IDs and authentication provider.
Foot Locker Slashes 2022 Guidance On Weakening Sales
Foot Locker, Inc. reported first-quarter results came in below Wall Street targets and significantly reduced the retailer’s 2023 outlook as sales “softened meaningfully” since March. The chain also named a new chief financial officer.
KMD Closes NZ$310 Million Debt Refinancing Tied To Sustainability
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, has successfully refinanced its existing debt facilities with NZ$310 million of syndicated sustainability-linked multi-currency revolving facilities.
Wilson To Expand Football Production Facility In Ohio
Wilson is building a manufacturing plant in Ada, OH, just east of its current factory that manufactures NFL footballs. The site will double its production capacity.
Solid Rip Curl Q3 Growth Trails Oboz And Kathmandu Gains At KMD
KMD Brands, Ltd., in a financial update, reported sales for the third quarter ended April 30 rose 15.6 percent. Among its brands, sales grew 7.9 percent at Rip Curl, 11.3 percent at Kathmandu and 120.3 percent at Oboz.
Belk To Add Ten Belk Outlet Locations
Belk is expanding its latest shopping concept, the Belk Outlet, by adding ten stores this month. The retailer currently has six outlet locations.
Darn Tough Sees Merger Of Sales Representation Along Upper East Coast
Darn Tough Vermont will see the merger of two sales territories on the East Coast into one territory. The Mid-Atlantic-focused Hudson Valley Sales Group, led by Adam Shapiro, will join 20-year Darn Tough veteran Hal Ellms and the Pinnacle Outdoor Group which covers the New England territory.
Ross Stores Posts 10 Percent Earnings Growth As Q1 Comps Inch Up 1 Percent
Ross Stores, Inc. reported sales for the first quarter of 2023 were $4.5 billion for the 13 weeks ended April 29. Comparable store sales were up 1 percent. EPS were $1.09 on net earnings of $371 million for the quarter.
Pacsun Sets Leadership And Board Changes
Pacsun announced a series of leadership changes whereby Brie Olson, Pacsun co-chief executive officer and Board member, will be appointed chief executive officer, effective June 15. Mike Relich will retire as co-CEO and will continue to serve on the Pacsun Board of Directors in a new role as vice chairman. Russell Bowers will be appointed chief operating officer and will continue to serve as Pacsun chief financial officer,
CPSC Approves Peloton Tread+ Rear Guard Repair
The U.S. Consumer Product Safety Commission (CPSC) approved a rear guard repair for Peloton’s recalled Tread+ treadmill.
Shimano Recalls Pro Vibe Alloy Stems For Road Bikes
In cooperation with the U.S. Consumer Product Safety Commission (CPSC), Shimano North America recalled Shimano Pro Vibe Alloy stems for road bikes. The recalled bike stems could crack and break while in use.
Cycle Force Recalls Adult Bike Helmets Due To Risk Of Head Injury
Cycle Force, in cooperation with the U.S. Consumer Product Safety Commission, recalled certain Ventura Adult Bike Helmets. The recalled helmets do not comply with the positional stability requirement of the CPSC.
