Yue Yuen’s Q1 Sales Hurt By Declines At Pou Sheng
Yue Yuen reported profits grew 3.7 percent in the first quarter despite a 4.0 percent decline In revenues, mainly dragged by weak sales at its Pou Sheng retail chain.
Bemis Acquires France-Based Company, Protechnic
Bemis Associates, the 110-year-old adhesives and specialty films company based in Shirley, MA, and design partner to leading outdoor, sportswear, performance, luxury, and lifestyle brands worldwide, has acquired Cernay, France-based manufacturing company Protechnic.
Mizuno’s Q4 Sales Climb Double-Digits In Americas Region
Mizuno reported sales in the Americas region rose 15.9 percent in the fourth quarter and 30.4 percent in the fiscal year ended March 31.
Tentree Hires Former Backcountry Exec As President
Vancouver, BC-based Tentree hired former BackCountry executive, Diana Seung,
Xponential Fitness’ Sales Surge 73 Percent In First Quarter
Xponential Fitness reported sales grew revenue 73 percent in the first quarter with North America system-wide sales up 70 percent.
Dillard’s Q1 Comps Improve 23 Percent
Dillard’s, Inc. reported strong improvement in earnings in the first quarter April 30 as same-store sales improved 23 percent and gross margins rose 470 basis points.
JD Sports Sees Strong Start To Year
JD Sports Fashion Plc. said same-store sales grew more than 5 percent in the first 14 weeks of the new financial year to May 7.
Leatt Corp. Announces Recording Breaking Results For Q1
Leatt Corporation, a maker of protective equipment for action sports, reported net income doubled in the first quarter ended March 31 as sales surged 88 percent.
JCPenney Names CMO
JCPenney announced that John Aylward has accepted the position as chief marketing officer effective June 6, 2022.
Thule Raises Long-Term Growth Goals
Thule Group raised its long-term growth targets after reporting sales jumped 38 percent on a currency-neutral basis in 2021. The higher growth target also reflects its plan to enter two new categories, car seats and dog transport products.
Puma Appoints Supervisory Board Chair
Puma SE appointed Héloïse Temple-Boyer to chair of its supervisory board. She succeeds Jean-François Palus.
Asics North America Delivers Fifth Consecutive Quarter Of Positive Growth
Asics reported that despite strong sales in North America, net sales decreased 1.1 percent to ¥105,329 million ($822 mm) due to production disruptions caused by shutdown of some factories. In North America, sales increased 12.2 percent to ¥21,112 million ($165 mm).
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.
