Camping World Profit Plummets 95 Percent In Q1 On New Vehicle Decline
Camping World Holdings, Inc. reported that first quarter revenue decreased 10.6 percent to $1.5 billion. Net income fell 95.4 percent to $4.9 million.
Big 5 Sees First-Quarter Earnings Decline, Forecasts Weak Q2
Big 5 Sporting Goods Corp. reported a sharp decline in earnings in the first quarter ended April 1 on a 7.1 percent same-store decline with cold weather slowing the start of spring selling. Earnings came in line with guidance due to tight expense controls. Big 5 predicted another steep decline in the second quarter with comps expected to be down in the high single-digit range.
Francesca’s Acquires Los Angeles Lifestyle Brand Richer Poorer
Francesca’s Acquisition, LLC, the parent of Francesca’s and Franki by Francesca’s women’s and girls apparel chains, reported the asset purchase of California-based wardrobe essentials brand Richer Poorer.
Tifosi Optics Hires New Sales Director
Tifosi Optics hired Rick Dyer as director of sales. Dyer, a cycling industry veteran, will bolster existing company partnerships and expand the brand’s presence in other key markets.
Oura Ring Parent Forms Medical Advisory Board
Ōura, the parent company of the Oura Ring fitness wearable, reported that the company formed a medical advisory board consisting of Dr. Kiarra King, Dr. Rebecca Robbins, Dr. Christine Noa Sterling, and Dr. Matthew Walker, with plans to add new members in the coming months.
END. Names Chief Buying And Merchandising Officer
END., the Newcastle, London-based luxury, streetwear and sportswear retailer, hired Lea Cranfield, formerly at Yoox Net-A-Porter Group (YNAP), as chief buying and merchandising officer.
Tiger Woods, TaylorMade-Backed PopStroke To Open Four Locations
PopStroke Entertainment Group, the golf entertainment concept owned by Greg Bartoli, Tiger Woods’ TGR Ventures and TaylorMade Golf Co., announced plans to add four locations in 2023 and begin construction on more venues with opening dates in 2024.
B. Riley Securities Adds Three Key Hires Covering Retail And Outdoor/Active Lifestyle
B. Riley Securities, a middle market investment bank and a subsidiary of B. Riley Financial, reported it made strategic hires across Consumer Industries.
Hyperice Names Nike Veteran To Head Marketing
Hyperice hired Andy Miguel, who spent nearly two decades with Nike, as head of marketing, leading its go-to-market global strategy, partnerships, digital marketing, retail activations, brand experiences, public relations, media, brand, and content strategy.
Nautilus Sells Nautilus Brand Trademark
Nautilus, Inc. completed the sale of non-core assets, including the Nautilus brand trademark assets and related licenses, for approximately $13 million in cash as part of an ongoing strategic review. The company, which makes Bowflex and Schwinn fitness equipment, also reported preliminary results for the fourth quarter that topped recent guidance.
Shoe City Auction To Be Held May 15
Baltimore-based ESCO, Ltd., doing business as Shoe City, received bankruptcy court approval to auction off store leases and Intellectual property with a May 12 deadline to submit qualified bids and an auction to be held May 15.
Iconic Ski Shop Founder Willi Klein Passes Away
Willi Klein, the founder and owner of Willis Ski and Snowboard Shops in Pittsburgh, PA, passed away after celebrating his 90th birthday.
NMMA Canada Appoints New Executive Director
NMMA Canada hired Marie-France MacKinnon as executive director, effective May 1, overseeing the association’s strategic and advocacy efforts in Canada.
Outtech, Inc. Acquired By Legacy1846 Outdoor Group
Outtech, Inc., with subsidiaries QuickFire and Peak Strategic Insights, was acquired by Legacy1846 Outdoor Group, an investment holding company.
SA Consumer Products Names New Chief Revenue Officer
SA Consumer Products hired Kevin Lipe as chief revenue officer, security products, reporting to company President Matthew Lyons.
