Report: High Prices Top Back-To-School Stressors for Parents
RetailMeNot’s 2024 BTS survey found that parents sending their kid(s) back to grade school will spend, on average, $506, and those sending their college-age kids BTS will spend, on average, $821.
Lightspeed Commerce Narrows Fiscal Q1 Loss as Revenues Increase 27 Percent
Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
U.S. Manufacturing Sector Contracted in July for Fourth Consecutive Month
The ISM is reporting that economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months.
Johnson Outdoors Sees Fiscal Q3 EPS Fall Nearly 90 Percent Year-over-Year
The company reported that challenging marketplace conditions, primarily due to lower consumer demand for outdoor recreation products and heavy promotional activity, impacted performance.
Rally House Opens Two Stores In Upstate New York
Rally House opened stores in Syracuse and Buffalo. The sports fan chain now operates three stores in the state.
Geox Sales Slid 9.4 Percent in H1 Due to Wholesale Weakness
Geox reported consolidated sales for the first six months amounted to €320.4 million, decreasing by 9.4 percent compared to the previous year or down 8.0 percent at constant exchange rates, primarily due to the negative performance of the Wholesale channel and Franchising, only partially offset by the positive trend of the Direct Digital channel.
KGM Technologies Appoints Founder as New President
Founder Kyle Grob was appointed president. Grob has served as chief technology officer for the past six years. Jeff Andrews, company chairman, was promoted to executive vice president, assisting in the day-to-day operations of the growing company.
Racketpro Appoints CEO
Offering training and education for coaches and professionals in the world of racket sports, Racketpro appointed Dan Santorum as CEO. Formerly he was president of the Professional Tennis Registry.
EXEC: Jobs Report Sends Markets Lower on Concerns Over U.S. Economy
The U.S. economy only added 114,000 non-farm payroll jobs in July, fewer than the 175,000 expected by economists. The unemployment rate rose to 4.3 percent — its highest level since October 2021.
Brompton T-Line Foldable Bike Faces Recall
A loss of alignment between the handlebar and front wheel due to insufficient torquing of steerer clamp bolts could cause a rider to lose control and fall.
Colt CZ Appoints Board Member
Musil is the CEO of Sellier & Bellot, a.s., a firearms ammunition manufacturer based in Vlašim, Czech Republic, and a subsidiary of Colt CZ. Musil has worked for the company since 1999. Previously, he worked for the Czech company Ton.
Allbirds Taps Belle Fashion Group as Greater China Partner
Belle Fashion Group is now the exclusive distributor and licensee for Allbirds in mainland China, Macau and Taiwan. The deal was effective at the end of June.
Crunch Franchisee Secures Investment Partner to Fuel Expansion
Fitness Ventures LLC has the rights to develop Crunch Fitness gyms in multiple regions across the U.S. and the Meaningful Partners investment is expected to help it expand its footprint across the country.
Fred Segal Closes Remaining Store Locations
Fred Segal, the Los Angeles, CA luxury boutique, closed its remaining two stores and also shut down its website. Fred Segal Home, the brand’s luxury furniture store, will remain open in Culver City, CA, and the fredsegalhome.com website will continue.
Onebeat Expands Executive Leadership Team, Appoints Chief Revenue Officer
Sevonne Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb and LivePerson.
