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May 24, 2023


Shoe Carnival Lowers Guidance after Weak Q1

Net income decreased 39% to $16,526,000 in the first quarter from $26,897,000 last year on revenue that was down 11% to $281,184,000 from $317,527,000, with total comps down 11.9%, though the Shoe Station banner was down just mid-singles.

Kohl’s Active Sales Rebound

The mass merchant said that sales of active apparel returned to year-over-year growth in the first quarter, after a Q4 that saw national brands down high-single digits.

Lower U.S. Demand Pulls Down Colt CZ Sales

Net income increased 8% in the first quarter to CZK 587,819,000 ($26.5 mm) from CZK 544,730,000 last year, but the top line declined 15% to CZK 3,012,556,000 ($135.9 mm) from CZK 3,553,557,000 on a 25% drop in U.S. sales.

Fanatics Continues Push into Collectibles

Making another move into the collectibles market after purchasing Topps last year for a reported $500 million, Fanatics has now acquired collectibles auction company PWCC, for undisclosed terms.

Lids Promotes Bob Durda to President

Lids elevated 13-year company veteran, Bob Durda as president of the licensed and branded sportswear retailer, where he’ll be responsible for driving international growth.

Hydrow Names New President

Hydrow adds president to the role of CFO John Stellato, where he’ll continue to run finances for the connected rowing machine company, and take on a larger role as it prepares for the next stage of growth.

National Park Visits Slip in April

After two months of double-digit growth, recreational visits to National Parks declined 5% in Apr. to 24,365,410 from 25,596,156, but eked out a 1% year-to-date increase to 75,003,391 from 73,996,169.

Etcetera: Foot Locker

 
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