July 10, 2018
The athletic brand, founded by actress Kate Hudson in 2013, claims that it has reached $300 million in sales already and said its current expansion plans will quadruple its retail footprint from 25 to 100 and has been posting 20% comps in its retail stores.
The CA athleisure brand had trailing 12-month revenues of $27 million. Terms of the deal weren’t disclosed but it is expected to be accretive within one year.
Nation’s Best Sports and Athletic Dealers of America will combine into a single entity, effective Sep. 1.
Sales at Helen of Troy’s housewares segment surged 19% to $117,303,000 in the fiscal first quarter ended May 31 and segment operating income was also up 19% to $22,183,000, helped by a higher mix of Hydro Flask sales at a higher operating margin.
The private equity and operating company said its mission is to build entrepreneurial companies in the outdoor specialty market.
Rising retail sales is driving record volumes of imports, and that trend is expected to continue despite higher prices brought on by the imminent imposition of tariffs, according to the NRF’s Global Port Tracker report.
More than 260,000 counterfeit items from Adidas, Nike, Under Armor, Apple and other designer and fashion brands were seized in two separate raids in Laredo, TX, in May and June.
June sales at Yue Yuen increased 5.6% to $777,262,000 from $736,139,000, while Pou Sheng retail sales surged 26.1% to $255,429,000 for the month from $202,581,000.