Johnson Outdoors Profits Slump In Q2
Johnson Outdoors profits fell in the second fiscal quarter ending April 1, 2022 as sales declined 8 percent against tough comparisons in the year-ago period.
Moncler’s Sales Jump 61 Percent In First Quarter
Moncler SpA posted higher revenue for the first quarter with strength in Moncler and the recently-acquired Stone Island fashion brand.
Patagonia Appoints Marketing Director For EMEA
Tyler LaMotte returns to Patagonia as marketing director for Europe, the Middle East and Africa (EMEA).
Golftec Opens Location Outside Edmonton
Golftec announced the opening of an instruction and club fitting center in Sherwood Park, Alberta, Canada.
Dynamic Brands Expands Corporate Staff
Dynamic Brands appointed Alex Davis as its new controller, while Diana Smalls recently joined the company as its senior accountant.
Vice Golf Secures Investor
The pan-European private equity firm Oakley Capital announced it is investing in Vice Sporting Goods GmbH, the digitally native golf brand doing business as Vice Golf.
Report: Peloton Looking To Sell Up To 20 Percent Stake
According to a Wall Street Journal report, Peloton is targeting “industry players and private-equity firms” to sell a stake in its business of around 15 percent to 20 percent to support its turnaround efforts.
Icebreaker Names General Manager EMEA
Icebreaker, the performance apparel brand owned by VF Corp., has promoted Josh Vaughan, its current sales director for Europe, the Middle East and Africa, to EMEA general manager.
Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness
Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.
Under Armour Sees 3 Percent Growth In March Quarter
Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.
GoPro’s Sales Climb 6 Percent In The First Quarter
GoPro Inc. reported a profit against a loss in the first quarter as sales grew 6 percent. GoPro subscribers jumped 85 percent year-over-year to 1.74 million.
United Sports Brands Acquires Pearl Izumi
United Sports Brands announced that it has acquired Pearl Izumi USA, the manufacturer of cycling apparel and accessories. Pearl Izumi will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands.
Leadership Succession At Chattanooga Shooting Supplies
Ron Staffieri, CEO of Chattanooga Shooting Supplies (CSSI), will retire on December 31, 2022. As part of a succession plan, Bill Sumner has been appointed president effective June 30, 2022, at which time he will assume leadership responsibility for the company’s daily operations.
Newell Brands Appoints President And CFO
Newell Brands Inc. announced that Chris Peterson, chief financial officer and president, Business Operations, has been named president and chief financial officer.
Target Updates Leadership Team
Target Corporation announced a number of updates to its leadership team. This includes a new role for the company, focused on further differentiating the retailer’s end-to-end guest experience.
