James Hartford | SGB Media Online

Kohl’s Corporation Shares Fall as Retailer Cuts Guidance on Poor Fiscal Q1 Showing

May 30, 2024 SGB Update

Shares were down over 20 percent in pre-market trading on Thursday after the mid-tier retailer missed on estimates for the first quarter and then cut guidance for the year.

EXEC: Kona Founders Talk Return to Brand in Open Letter

May 21, 2024 SGB Executive

The founders wrote in a letter to industry friends that there are still many familiar faces specialty bike retailers should know from “epic dealer launches, My Kona videos and trail days who are dedicated to the cause.”

Vista Outdoor Cutting Roles, Closing Offices in Revelyst Transformation Process

February 2, 2024 SGB Update

The company will close offices in Petaluma, CA; Overland Park, KS; Eagle, CO; and Madison, MS. Revelyst is consolidating teams across core locations. The staff cuts and office closures will have an estimated $100 million of realized annual cost savings by fiscal year 2027.

Bass Pro Shops Opens Seventh Store In Ohio

November 15, 2023 SGB Update

Today’s official grand opening of the new Bass Pro Shops Outpost in Niles, OH, includes an “Evening for Conservation.”

NRF and CNBC Develop New Retail Monitor; Report October Trends

November 14, 2023 SGB Update

The new Retail Monitor partnership reported that total October retail sales, excluding automobiles and gas, were down 0.08 percent from September and up 2.57 percent year-over-year (YoY).

Altra Launches VIA Olympus 2

November 9, 2023 SGB Today

Altra launched the VIA Olympus 2, the second iteration of its max cushion shoe.

EXEC: Anta Sports Sees Fila Q3 Retail Trend Lagging First Half Gain

October 12, 2023 SGB Executive

The company, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported that Fila brand retail sales posted low-teens positive growth in the third quarter, down from the mid-teens growth from the first half.

Fanatics Holdings Appoints Chief Legal Officer

June 7, 2023 SGB Update

Fanatics appointed Gregg Winiarski as chief legal officer for Fanatics Holdings, Inc, responsible for overseeing the full range of legal matters across the global Fanatics business, including Commerce, Collectibles and Betting and Gaming. He played a significant role in the company’s acquisition of Topps.

Stella Intl Sees Q1 Factory Revenues Slide As Athletic And Casual Brands Pull Back

April 21, 2023 SGB Executive

Stella International Holdings Limited, a developer, manufacturer and retailer of footwear and leather goods, reported that first-quarter revenues decreased 25.8 percent to approximately $284.6 million, compared to revenue of about $383.3 million for the comparable 2022 period.

Tonal Completes $130 Million Funding Round, Appoints New CEO

April 11, 2023 SGB Update

Strength and personal training platform Tonal, founded in 2015, completed its latest funding round, raising $130 million through existing investors led by L Catterton, Cobalt, Dragoneer, Kindred Ventures, and THVC.

Banks To Pause Implementation Of New Merchant Code For Firearms Retailers

March 10, 2023 SGB Update

NSSF, The Firearm Industry Trade Association, said it is encouraged by the announcement from Visa and MasterCard that the companies will “pause” plans to implement a special Merchant Category Code (MCC) specific to purchases at firearm retailers with their credit cards.

Thor Industries’ Fiscal Q2 Sales Fall Sharply; NA Towable RV Sales Drop 58 Percent

March 7, 2023 SGB Update

Thor Industries, Inc. saw consolidated net sales fall 39.4 percent to $2.35 billion in the second quarter of fiscal 2023. North American Towable RV net sales were down 58.2 percent for Q2 while North American Motorized RV net sales decreased 24.4 percent and European RV net sales decreased 10.6 percent for the period.