Culture Kings Parent A.K.A. Brands Posts 14 Percent U.S. Sales Growth in Q1
The company’s portfolio of brands that includes Culture Kings, Princess Polly, Petal and Pup, and MNML looks to reach at least $600 million in sales in 2025.
Zanders Updates Business Development Efforts with New Hire
Before joining Zanders, Caleb Barnett oversaw marketing, key accounts and ballistics testing over four years at Underwood Ammunition.
Grassroots Outdoor Adds Five New Retailers to Alliance
The five new retailers added in April include Down Wind Sports, Granite Sports, Sherpers, The Trail House and WheelzUp Adventures to bring the Alliance total to 104 independent retailers.
Beachbody’s Q1 Sales Fall 40 Percent but Net Loss Narrows
Total revenue was $72.4 million compared to $120.0 million in the prior year period. Net loss was $5.7 million compared to a net loss of $14.2 million in the prior year period.
Birkenstock Posts Strong Fiscal Q2 with Strong DD Gains in Both Sales and Profit
Revenue growth was said to be supported by double-digit unit growth and mid-single digit growth in ASPs. Closed-toe shoes reportedly continued to out-pace the strong double digit growth of sandals, contributing to the higher ASP.
Puma Appoints Dominique Gathier as VP Teamsport Business
Dominique Gathier replaces Matthias Bäumer, who took on the role of Puma’s chief commercial officer earlier this year. Gathier reports to Maria Valdes, Puma’s chief product officer, effective May 15.
Dick’s SG Expects to Post 4.5 Percent Comp Sales Growth in Q1
The 4.5 percent comparable sales growth expected for the fiscal 2025 first quarter comes on top of a 5.3 percent increase in the prior-year Q1 period.
Foot Locker, Inc. Swings to Q1 Loss as Global Comps Fall 2.6 Percent
Despite making ongoing progress with the company’s Lace Up Plan, preliminary first quarter results were said to be below expectations as the athletic footwear retailer experienced softer traffic trends globally.
Leatt Corp. Continues Double-Digit Growth Across All Protective Gear Categories in Q1
Dealer direct sales in the U.S. at the brick-and-mortar level contracted by 9 percent as U.S. Moto and MTB dealers continue to manage industry-wide stocking dynamics and some turbulence at the dealer level.
Report: U.S. Ski Areas Boast Second-Highest Ever Visitor Rates on Solid Snowfall
The National Ski Areas Association reported preliminary data indicating that the 2024-25 season marked the second-highest visitation on record at U.S. ski areas, with a total of 61.5 million skier visits – a 1.7 percent increase year-over-year.
Report: Canadian Summer Bookings at U.S. Western Resorts Down 45 Percent
The DestiMetrics Market Briefing from May found travelers from Western Europe are also pulling back, with summer bookings down 30.3 percent. Conversely, Mexico’s visitation is running ahead 33 percent year-over-year.
24 Hour Fitness Closes On $305M Senior Secured Facility
This transaction “proactively addresses upcoming debt maturities, enhances liquidity, while strengthening the company’s position in the fitness industry.
Urban Outfitters Debuts On Rotation In-Store Experience — Starting with Nike
On Rotation will debut in UO stores featuring lounge-style installations in five key cities: New York, Washington D.C., Scottsdale, AZ, San Diego, CA, and Manhattan Beach, CA. The activation starts today, May 14, with its first partner, Nike.
Rakuten Rewards Appoints Chief Marketing Officer
Previously, Wendy Bergh was the general manager of Zoom’s Online business as the company became an AI-first work platform. She also held leadership roles at ServiceNow, Minted and Walmart.
Inflation Rise Falls Short of Estimates; CPI Posts Slowest Annual Rate Since 2021
On an annual basis, CPI came in at 2.3 percent, reportedly the slowest annual rate since early 2021, countering the consensus estimate that it would hold at 2.4 percent.
