Duluth Holdings Appoints SVP, Chief Technology Officer & Logistics
Duluth Holdings Inc., doing business as Duluth Trading Company, announced that AJ Sutera had been appointed senior vice president, chief technology officer and logistics, effective August 15, 2022.
Adidas’ Currency-Neutral Sales Climb 4 Percent In Second Quarter
Adidas AG reported second-quarter results that were somewhat ahead of expectations reflecting continued strong momentum in Western markets and a return to growth in Asia-Pacific. However, a slower-than-expected recovery in Greater China led to a significant reduction in guidance for the year. Results were in line with preliminary results issued on July 26.
Sturm, Ruger’s Sales Drop 30 Percent in Second Quarter
Sturm, Ruger & Company, Inc. announced that for the second quarter of 2022, the company reported net sales of $140.7 million against $200.1 million a year ago, representing a decline of 29.7 percent.
Neiman Marcus Appoints President
Neiman Marcus Group announced that Ryan Ross accepted the position as president of Neiman Marcus, effective August 15, reporting to Geoffroy van Raemdonck, CEO, Neiman Marcus Group.
Compass Diversified’s Q2 Sales Climb 19 Percent
Compass Diversified Holdings reported net sales growth of 19 percent in the second quarter drove record quarterly earnings. The conglomerate raised its full-year outlook given the continued strong performance and PrimaLoft acquisition. “The second quarter marks our sixth consecutive quarter of record financial performance, which is a continued testament to the strength of our management […]
Winmark Announces Governance Changes
Winmark Corp. announced that Paul C. Reyelts had informed the company of his decision not to stand for re-election to its Board of Directors at its next annual shareholder’s meeting in April 2023.
Allbirds Undergoes Layoffs
Allbirds, based in San Francisco, has laid off 23 workers, according to SFGATE.com.
MidwayUSA Appoints Director of Merchandising, Shooting
MidwayUSA’s Ryan Cokerham was recently promoted to director of merchandising, shooting.
JD Sports Appoints New CEO
JD Sports appointed Régis Schultz as its new CEO. Schultz was president of retail for Dubai-based Al-Futtaim Group since 2019.
NICS Firearms Background Checks Slide 4.5 Percent In July
The July 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) fell 4.5 percent to 1.23 million compared to the July 2021 NSSF-adjusted NICS figure of 1.28 million.
Under Armour Lowers FY Earnings Guidance On Margin Contraction
Under Armour, Inc. reported first-quarter results that matched profit expectations and slightly topped on revenue. The company maintained its full-year revenue outlook but reduced its earnings outlook amid continued gross margin pressures. On an adjusted basis, EPS is expected in the range of 47-to-53 cents a share compared to the previous expectation of 63-to-68 cents.
Weyco Group Sees 29 Percent Q2 Growth
Weyco Group Inc.’s earnings improved in the second quarter ended June 30 as sales were up 29 percent. Bogs increased 35 percent to represent record second-quarter sales.
Rocky Brands Q2 Sales Expand 23 Percent
Rocky Brands, Inc. reported earnings were down in the second quarter ended June 30 due to lower gross margins tied to supply-chain challenges. Sales grew 23 percent.
Camping World’s Q2 Profits Dip
Camping World Holdings, Inc. reported net income declined 19.5 percent in the second quarter ended June 30 as sales grew 5.2 percent. Gross margins eroded due to the higher cost of vehicles.
