Vail Resorts’ Q3 Results Miss Expectations, Guidance Lowered
Vail Resorts, Inc. reported earnings and sales for its fiscal third quarter ended April 30 missed Wall Street expectations due to a “combination of unfavorable conditions and broader industry normalization post-COVID following record visitation” at U.S. ski resorts during the 2022/23 ski season.” Skier visits slid 3.2 percent in the quarter. Earnings guidance was lowered for the year.
Golden Goose’s Debt Ratings Upgraded On Strong Q1, Upcoming IPO
S&P Global Ratings raised the debt ratings on Golden Goose SpA due to its strong operating performance in the first quarter marketed by 12 percent growth on a constant-currency basis. The company said the Italian luxury brand’s producer’s ratings could be further upgraded upon the expected completion of an initial public offering.
Monthly Import Cargo To Hit Highest Level Since 2022
Retailers, however, are also facing supply chain challenges with congestion at overseas ports that are affecting operations and shipping rates.
Eleven Names U.S. Ski Hall of Famer as Director of Skiing
Longtime ski equipment specialist and industry veteran Mike Hattrup is in charge of developing and promoting the company’s network of ski destinations across four continents.
Rally House Opens Third Wisconsin Store, Second in Louisiana, First in Colorado
Rally House’s third store in Wisconsin is now open, Rally House Brookfield Square. The retailer also broadened its market reach in Louisiana with its second store in the state, Rally House Tanger Gonzales. Rally House Castle Rock in Colorado pushes the company past a milestone, as they are now in 20 states nationwide.
TJX Companies Plans Joint Venture in Mexico with Grupo Axo
TJX does not anticipate this proposed transaction with Guppo Axo, the operator of global brands in Mexico and South America that includes both full- and off-price formats, to have a material impact on its previously reported sales, profit or earnings per share guidance for Fiscal Year 2025.
Winston and Bauer Brands Parent Energizes Sales and Marketing Team
R.L. Winston Rod Co. has appointed Andy Wunsch as its new general manager and Karlie Roland joins the company joins the company to lead sales for the Winston and Bauer brands. Adam Hutchison is now national marketing manager for the two brands.
Marquee Brands Acquires Totes Isotoner Corp. with Randa as Partner
Marquee, the parent of the Ben Sherman, Dakine, and Body Glove brands, among others, has partnered with Randa Apparel & Accessories as operating partner.
Academy Sports and Outdoors Expands Board of Directors with New Appointment
The company has appointed Scott Boatwright to its Board of Directors, effective immediately. With this addition, Academy’s Board now comprises 11 directors.
Acme Tackle Company Acquires Two Brothers Innovations
The owners of the Acme, Kalin’s, Beaver Dam, Moonshine, Reef Runner, Uncle Josh, Atom, and Bead brands now add the Elliott Rods and 2B Fishing brands to its portfolio.
New Era Cap, LLC and ’47 Brand Combine to Create $2 Billion Entity
Following the close of the transaction, the New Era and ’47 brands will continue to serve consumers independently from each company’s respective headquarters in Buffalo, NY, and Westwood, MA, with ’47 led by Dominic Farrell.
Tilly’s Inc. Posts Wider Q1 Net Loss as Comps Fall Nearly 10 Percent
Net sales from physical stores were $92.8 million, a decrease of 5.1 percent year-over-year, while net sales from e-commerce were $23.0 million, a decrease 10.8 percent year-over-year.
F45 Training and David Beckham Resolve Past Business Dispute
The company has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial deal with David Beckham. The lawsuit will be dismissed, and DB Ventures Limited will reportedly remain an investor in F45 Training.
MNC Capital Ups Offer for Vista Outdoor to $3.0 Billion
MNC Capital Partners, L.P. has submitted an increased all-cash proposal to acquire all of the outstanding shares of Vista Outdoor, Inc. for $39.50 per share, or over $3.0 billion.
U.S. Senate Finance Committee Set to Tackle GSP Renewal, Other Trade Practices
It is the Outdoor Industry Association’s hope that Senator Wyden’s and the Finance Committee’s leadership will “create the needed momentum to pass GSP renewal into law.”
