April 14, 2022
Net income increased 22% to $6,654,000 in the first quarter ended Mar. 19, from 5,442,000 last year, on 22% higher revenues of $72,380,000 up from $59,191,000, including 12% organic growth and a $6 million contribution from Brunswick Billiards.
Kohl’s CEO Michelle Gass said that negotiations with prospective buyers have now moved to the next phase, and they’ve been asked to refine their offers and secure financing, in a video message to store managers and above.
A day after activist investor Blackwells Capital released its presentation calling for a sale and makeover of operations, Peloton announced it is lowering hardware retail pricing immediately and hiking digital subscription fees on June 1.
Anta Sports reported retail sales of its core brand recorded high-teens gains in the first quarter, including both owned and franchised brick-and-mortar stores, and e-commerce.
Posting the first year-over-year decline since Apr. 2020, adjusted sales for sporting goods/hobby/book and music stores fell 5% in Mar. to $9,429 million from $9,931 million, according to Commerce Dept. data.
Miller, who most recently was interim CEO of Admore Home Designs, has been tapped as president of Delta Apparel’s Delta Group, effective Apr. 25.
Under Dog has filed trademark applications indicating its intent to extend its brand into virtual merchandise and services, including virtual apparel, footwear, headwear, sporting goods and accessories.
SI Tech is recalling about 1,700 Shell Diving Inflation Valves with Int’l Nipples for diving dry suits, because an internal part can malfunction, causing deflation and a loss of thermal protection for the diver.