JCPenney Appoints CFO
JCPenney announced it hired Stephanie Plaines as CFO effective immediately.
Xponential Fitness Raises Outlook On Robust Q2
Xponential Fitness, Inc. raised its full year 2022 guidance for revenue and adjusted EBITDA after reporting second-quarter revenue surged 66 percent.
Brooks Running Sees Double-Digit Growth In Q2
Brooks Running reported sales grew 11 percent in the second quarter year over year. In the face of ongoing economic and supply chain stressors, Brooks said it began to meet strong demand in May, keeping the company on track for projected double-digit revenue growth in 2022.
Leatt’s Q2 Revenues Gain 25 Percent
Profits at Leatt Corp rose 13 percent in the second quarter on a 25 percent revenue gain.
iRayUSA Hires Sales Representation
iRayUSA, the Texas-based designer of thermal night vision devices, hired Tim Bailey & Associates and Chilton Military Marketing as sales representatives for the brand.
Solo Brands Posts Q2 Loss On Impairment Charge
Solo Brands reported a loss in the second quarter after taking a $27.9 million impairment charge related to goodwill for the Isle Paddleboards business. Sales jumped 53 percent in the period. The parent of Solo Stove reduced its guidance for the year due to macroeconomic challenges.
Golftec To Acquire Skytrak, Names Chief Strategy Officer
Golftec has entered into a definitive agreement to acquire SkyTrak, the consumer launch monitor and simulator. In support of this acquisition, Golftec named golf industry veteran Jeff Foster as chief strategy officer.
HanesBrands’ Second Quarter Dragged Down By Cyber Attack
HanesBrands, Inc. reported sales and earnings for the second quarter were negatively impacted by a ransomware attack as well as softer-than-expected point-of-sale trends. Global Champion brand sales decreased 20 percent over prior year in constant currency. The parent of Champion and Hanes significantly reduced its guidance for the year.
Stio To Expand At Retail With East Coast Mountain Studio Location
Stio announced it will open its latest East Coast Mountain Studio in Boston, with an expected opening date later this fall.
Canada Goose’s Q1 Tops Guidance
Canada Goose Holdings Inc. reported a wider loss in the first quarter ended July 3 due to the timing of marketing expenses while sales grew 24 percent on improving store productivity. Both the loss and sales topped guidance. Canada Goose maintained its guidance for the year.
Coats Group To Acquire Rhenoflex
Coats Group, the industrial thread manufacturer, has signed a definitive agreement to acquire 100 percent of Rhenoflex GmbH, the maker of sustainable structural materials for the footwear industry, for an enterprise value of €115 million ($117 million).
Altamont Capital Partners Exits Investment In Fox Racing
After eight years of partnership with Fox Racing, Altamont Capital Partners has exited its investment with a sale of the company to Vista Outdoor.
Life Time Sees 42 Percent Growth In Q2
Life Time Group Holdings, Inc. reported sales grew 42 percent in the second quarter ended June 30 with gym memberships up 10.2 percent year-over-year across its nearly 160 athletic country clubs across the U.S. and Canada.
Unifi’s Q4 Profits Squeezed By Margin Pressures
Unifi, Inc. reported earnings slid in the fiscal fourth quarter ended July 3 as lower gross margins offset a sales gain of 18 percent. Results were consistent with expectations.
Vista Outdoor Adds Two Board Members
Vista Outdoor, Inc. elected two independent members, Gerard Gibbons and Bruce Grooms, to its Board of Directors during the company’s Annual Meeting of Stockholders on July 26, 2022.
