July 24, 2023
Buoyed by initial sales of Yeezy inventory released in May and better than expected core sales, The Big a’s second quarter revenues were down just 5% on a reported basis, and came in flat year-over-year, constant currency.
Revenue from the wholesale branded segment, which includes Fjällräven, Tierra, Royal Robbins and others, decreased 9% to €34.6 million ($37.6 mm) from €38.2 million in the second quarter, pulled down by retailer destocking due to bloated inventories, primarily in Europe.
GPS tapped Blakeslee as president and CEO of the women’s athletic banner, effective Aug. 7, succeeding Bob Martin who was serving on an interim basis since Mary Beth Laughton exited the company in March.
The Japanese sportswear brand appointed Clarks and New Balance veteran, Michael Dougherty as its new VP of U.S. sales, heading up its wholesale relationships here.
The Garland, TX-based ammo maker acquired advanced suppressor technology company Delta P Design on a cash- and debt-free basis in a reverse triangular merger.