SportChek’s Comps Jump 10 Percent In First Quarter
Canadian Tire Corp. reported retail sales at SportChek increased 4.5 percent in the first quarter, and comparable sales were up 10.2 percent over the same period last year. Helly Hansen’s sales were up 24 percent. Canadian Tire’s consolidated comparable sales, excluding petroleum, grew 6.4 percent in the first quarter.
Solo Brands Reports 19 Percent Growth In First Quarter
Solo Brands, Inc. significantly narrowed its loss in the first quarter ended March 31 as sales grew 19.1 percent.
Solo Brands Appoints CFO And Board Members
Solo Brands, Inc. announced the appointment of Somer Webb as chief financial officer as well as two board members, Mike Dennison and Dave Powers.
TravisMathew First Brand To Open Storefront At St. Andrews
TravisMathew, the men’s golf and lifestyle brand, announced a partnership with St Andrews Links to open a storefront at the Old Course, making it the first brand with an on-site retail presence.
Stix Golf Closes $10 Million Funding Round
Stix Golf, the start-up maker of golf clubs, announced the close of a $10 million Series A financing round with notable contributions from existing and new investors including Verance Capital, 2.0 Ventures, and Spacestation Investments.
Bollé Brands Appoints Three North American Execs
Bollé Brands Group, Bollé, Serengeti, and Bollé Safety, appointed a vice president, head of specialty sales, e-commerce director, and a senior vice president, finance and operations to support its North American operations.
Kohl’s Shareholders Vote Against Activist’s Bid To Shake Up Board
Kohl’s shareholders voted to re-elect all 13 members of its board of directors, rejecting an attempt by the activist investor Macellum Advisors to replace up to ten of the board members.
Trove Appoints CEO
Trove, the specialist in re-commerce, announced that its President, Gayle Tait, has been promoted to CEO effective immediately. Andy Ruben, who has been CEO since he founded the company in 2011, will transition to executive chairman.
Speede Fitness Appoints Chief Athletic Officer
Speede Fitness, a Chicago-area strength training company launching a fitness machine this summer, announced that UFC fighter Michael Chandler accepted the position as chief athletic officer, effective immediately, recruiting professional athletes to the brand and advising the company on workout programming.
GSM Outdoors Names Brand Manager For GSM Fishing
GSM Outdoors announced the hiring of Wes Higgins as the newest brand manager for GSM Fishing.
Caza Outdoors Appoints GM And Sales Director
Caza Outdoors, LLC appointed industry veteran Phil Dalrymple as GM of Pnuma Outdoors and Heated Core. Rusty Smith, chief programs officer, was promoted to sales director for Pnuma Outdoors and Heated Core, of Caza Outdoors.
Boot Barn Sales Climbed 48 Percent
Boot Barn Holdings Inc. reported net earnings jumped 81.7 percent in the fiscal fourth quarter ended March 26 as sales grew 48.1 percent. The footwear retailer raised its store count potential to 900 stores from 500.
StockX Appoints First-Ever Chief Impact Officer
StockX announced the expansion of its executive leadership team with the appointment of its first-ever chief impact officer, Damien Hooper-Campbell.
Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Yeti Lifts FY EPS Guidance After Q1 Tops Expectations
Yeti Inc. raised its 2022 EPS outlook after reporting first-quarter sales and earnings slightly ahead of Wall Street’s consensus estimate. Sales in the quarter ended April 2 rose 19 percent with gains of 24 percent in drinkware and 10 percent in coolers and equipment.
