Levi Strauss Tops Wall Street Targets In Q2
Levi Strauss & Co. reported sales for its fiscal second quarter ended May 29 were up 15 percent and gained 20 percent on a constant-currency basis. Sales and earnings topped Wall Street targets, and Levi’s reaffirmed its guidance for the year.
Peloton Offers Employees Incentives To Increase Loyalty
Peloton is offering cash and stock incentives to entice employees to stay working for the company, according to a report by CNBC, following recent layoffs and a slowdown in demand for at-home fitness equipment.
Club Champion Opens New York City Flagship
Club Champion is celebrating the grand opening of its new NYC flagship studio. Located at 220 E 42nd Street in Manhattan, the new studio expands upon the custom club fitting services the brand already offered to the New York market.
Mastercard Sees June Sales Boosted By Inflation
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending, excluding automotive, increased 9.5 percent year-over-year (YOY) in June, while retail sales, excluding auto and gas, rose 6.1 percent YOY.
Authentic Brands Group Settles And Dismisses Lawsuit With Bolt
Bolt, a checkout technology company, announces that Authentic Brands Group has settled and agreed to dismiss its lawsuit against Bolt.
Superfeet Names New Chief Operating Officer
Superfeet appointed Dan Spitzer as chief operating officer to lead the insole brand’s domestic and international business.
Thor Industries’ VP Of Investor Relations To Retire
Thor Industries Inc. announced that Mark Trinske, vice president of investor relations, will be retiring at the end of the company’s fiscal year on July 31, 2022.
Athleta Announces New Outlet Store Format
Athleta, owned by Gap, Inc., announced it would introduce two outlet stores this year, with a debut at Chicago Premium Outlets in Illinois this summer and Leesburg Premium Outlets in Virginia this fall.
iFIT Names Chief Financial Officer
iFIT, the parent of NordicTrack, ProForm, Sweat, Freemotion, Weider, and 29029, announced that Dale R. Gerard has joined iFIT as CFO.
On, Patagonia, Puma, And Salomon Partner With Carbios To Advance Circularity
On, Patagonia, Puma, and Salomon have signed an agreement with Carbios, a French end-of-life plastics recycling company, to develop solutions to enhance the recyclability and circularity of their products.
Helen Of Troy Lowers Fiscal Year Outlook
Helen of Troy, which owns Hydro Flask and Osprey, reported that first-quarter results exceeded expectations but lowered its outlook for the year due to deteriorating macroeconomic conditions. Sales for its fiscal year are now expected to decline in the range of 3.3 percent to 1.0 percent versus previous expectations of a gain in the range of 6.8 percent to 8.8 percent.
The Buckle’s Comps Dip In June
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended July 2, 2022 decreased 1.7 percent from comparable store net sales for the 5-week period ended July 3, 2021.
Jack Wolfskin Acquires Polish Distributor
Jack Wolfskin, based in Idstein, Germany, and owner by Callaway Golf, announced it acquired FAM Sp. K., the Polish distributor for the brand for the past 24 years.
Compass Diversified Appoints Chairman, Adds Board Member
Compass Diversified Holdings appointed Larry Enterline as Chairman of the Board of Directors in place of C. Sean Day, who is retiring from this position. Day will continue to serve as a director on its Board.
Deckers Brands Appoints President Of Fashion Lifestyle
Deckers Brands announced the appointment of Anne Spangenberg as president of Fashion Lifestyle, which includes Ugg and Koolaburra. Most recently, Spangenberg was global vice president of merchandising for Nike Inc.
