August 08, 2022 Allbirds Plans Cost Cuts After Big Q2 Loss
Net loss at the sustainability-focused sneaker company nearly quadrupled to $29,368,000 in the second quarter from a loss of $7,606,000 last year, on 15% higher revenues of $78,174,000 up from $67,905,000. Beachbody Pulled Lower by Connected Fitness
Net loss expanded to $41,867,000 in Q2 from $12,440,000 on revenues that fell 20% to $179,136,000 from $223,108,000, including a 4% drop in connected fitness sales to $10.6 million. MAP Active Sales Rebound from Last Year’s Lockdowns
The Indonesian retailer saw its momentum continue as net income tripled to IDR 307,339 million ($21.1 mm) in the second quarter from IDR 99,169 million, on a 49% increase in revenues of IDR 2,375,486 million ($163.2 mm), up from IDR 1,593,235 million. Descente Raises Forecasts for FY23
Descente Ltd., raised its revenue forecast for the fiscal year ending Mar. 31, 2023 to ¥116,500 million ($898.2) mm) from ¥114,000 million, citing a return to a business environment nearly as good as before the pandemic in most regions. Retail Imports Set to Slow in H2
After a first half of 2022 that continued last year’s record pace, retail imports to the ports of LA and Long Beach are forecast to decline slightly in the back half of the year, according to the NRF and Hackett Associates. Vista Closes Fox Racing Acquisition
VSTO has completed the acquisition of the Fox Racing from Altamont Capital Partners for $540 million, plus a potential $50 million earnout. Mayfly Outdoors Names VF Vet CEO
The fly fishing gear maker and owner of Abel Reels, Ross Reels, and Airflo, hired outdoor industry veteran, Jeff Wagner as its new president and CEO. Deckers Sues Two Over Oh Yeah Knockoffs
DECK filed two separate suits in Cen. CA district court accusing WHP Plus, LLC and Torrid, LLC of infringing on its UGG-brand Oh Yeah Trade Dress.
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