Skechers Raises Guidance As Q1 Revenues Jump 27 Percent
Skechers U.S.A., Inc. reported net earnings rose 22.6 percent in the first quarter as sales ran up 26.8 percent, driven by 33 percent wholesale growth. Results topped guidance and Skechers lifted its outlook for the year.
Thule Sees Double-Digit Growth In First Quarter
Thule reported sales grew 19.5 percent in the first quarter and increased 13.4 percent on a currency-neutral basis. The gains were led by 27 percent currency-neutral growth in North America.
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment.
Lezyne Restructures Sales And Marketing Team
Lezyne said that after tripling business in the last few years, it is restructuring its global sales and marketing teams.
Altis Closes $10.5 Million Seed Round
Altis, a start-up offering a personal fitness trainer supported by artificial intelligence, announced it has secured over $3 million in financing, bringing its total financing to date to $10.5 million, with additional investments from Mike Capps, former head of gaming titan Epic Games; Bill Flynn, former CEO of Amtrak; and U.S. Olympians JR Celski and Georganne Moline.
Wahoo Acquires RGT Cycling
Wahoo has acquired the virtual cycling platform RGT Cycling, now Wahoo RGT. Terms were not disclosed.
Orva Appoints EVP And Chief Merchandising Officer
Orva, the New York-based digital retail company, announced the appointment of Jeff Espersen in the newly created role of executive vice president and chief merchandising officer. He was general manager and chief merchant at Zappos.
Brooks Takes Top Spot In Performance Running Market
Brooks Running said that in the first quarter, it took the top spot in the U.S. national performance footwear market for the first time, with 22 percent dollar share across all U.S. channels—athletic specialty and sporting goods, mid-tier, premium, and shoe chain.
Callaway Golf Sets Long-Term Financial Targets
Callaway Golf Company expects annual growth projections from fiscal 2021 through 2025 of 10 to 12 percent, led by more than 18 percent growth at Topgolf growth in the high-single digits in its non-Topgolf businesses. The company provided its growth plan as part of its Investor Day.
Brunt Workwear Appoints President
Boston-based Brunt Workwear announced the appointment of Kevin Eskridge, most recently chief product officer at Under Armour, as the company’s president. In this role, Eskridge will oversee the company’s product development, merchandising, sourcing, and global retail expansion.
Hybrid Apparel Announces Two Executive Hires
Hybrid Apparel has appointed Faith Garcia-Ross as chief operating officer and Ed Massura as chief supply chain officer.
OluKai Opens Store In Wailea
OluKai opened a store at The Shops at Wailea in Hawaii.
Sellmark Appoints President
Sellmark Corp, the maker of optics and other hunting accessories, named Darrell Mitchell president.
Academy Sports Opens Store In Conyers, GA
Academy Sports + Outdoors announced the opening of its Conyers, GA store. Academy now has 11 locations across metro Atlanta and 19 throughout Georgia.
