March 10, 2023
Retail/rental revenue was up 26% to $159,932,000 in the fiscal second quarter ended Jan. 31 from $126,831,000 last year, helped by much-improved traffic, which was hampered last year due to Covid-related restrictions and staffing shortages.
Total revenue at the Chinese footwear manufacturer and retailer was down 7% in Feb. to $603,778,000 million from $648,608,000 as both manufacturing and retailing segments continue to struggle.
Dubbed “Sports Change Lives”, the marketing campaign is the retailer’s largest ever and first contribution from its new media agency, Arts & Letters Creative Co.
ISA TanTec, the sustainable cattlehide leather production unit of ISA Next-Gen Materials, has partnered with Other Half Processing to develop and expand a regenerative hide and leather supply chain to help support farmers and ranchers in the U.S.
After voluntarily issuing a stop sale order last month for several soft cooler and case models, Yeti is now officially recalling almost two million of the products because small magnets in the closures can detach and cause injury if ingested.