August 13, 2021
Expectations for the relaunch of the Outdoor Retailer Show in Denver were modest from the beginning but even those low hurdles weren’t cleared as the handful of significant brands that planned to attend largely pulled out just before the show when the new Delta virus surge hit the country.
Net income was ¥1,865 million ($17.0 mm) in Q2 against a loss of ¥6,023 million in last year’s pandemic-stricken quarter, as revenues hit ¥102,929 million ($940.9 mm), up 67% from ¥61,556 million and also well ahead of 2019’s ¥88,496 million.
The multi-banner Japanese retailer returned to the black in its fiscal first quarter ended June 30, posting a profit of ¥2,080 million ($19.0 mm) against a loss of ¥477 million, on sales that increased 37% to ¥55,973 million ($511.6 mm) from ¥40,856 million.
Net loss expanded 24% to $12,440,000 from a loss of $10,003,000 in Beachbody’s first quarter as a public company, on 2% higher revenues of $223,108,000 up from $218,484,000.
Kathmandu Holdings announced that Brooke Farris will succeed Michael Daly in the role, effective Aug. 16.