July 09, 2020
BGFV same store sales were off just 4.2% in the second quarter after a 28.2% drop in the first half of the period while most stores were shuttered gave way to a 15.5% gain thereafter as stores reopened.
Sales at HELE’s housewares segment, which includes Hydro Flask, declined 3% to $140,628,000 in the fiscal first quarter ended May 31 from $144,942,000 due to store closures at wholesale customers.
Fiscal third quarter revenues are expected to come in at about $72.0 million, down 40% from $119.3 million last year, as April’s 68% plunge gradually recovered to just a 10% decline in June.
Retail imports declined 17.2% to 1.53 million Twenty-Foot Equivalent Units in May, according to the NRF’s Port Tracker, and were down 4.8% sequentially from April.
The Eager Beaverton’s opened the first location of its member-first shopping experience in Guangzhou, China, dubbed Rise, with more stores planned to open worldwide in the coming year.
Bojko, who is currently chief transformation officer for the U.S. division of the international sneaker and streetwear retailer, will be responsible for leading all U.S. operations.