August 16, 2023
Performance silhouettes are making a run on mainstream sneaker culture as On, Salomon and Asics landed in the top-five fasting growing brands in StockX’s Big Facts: Brands Making Moves report, tracking global trade data on the resale platform from Jan. to July.
The Japanese parent of Daiwa fishing and golf saw profit attributable to shareholders fall 19% to ¥3,514 million ($25.6 mm) from ¥4,352 million in the fiscal first quarter ended June 30, as revenues slipped 8% to ¥34,116 million ($248.3 mm) from ¥36,978 million.
SMSEY’s Other segment, which includes Gregory Packs, High Sierra, Xtrem and several other brands, grew 17% in the first half of 2023 to $154.1 million from $132.2 million, and would have been up 21% constant currency.
TJX’s outdoor specialty banner opened an additional two doors last quarter, ending with 83 locations covering about 1.7 million square feet, along with its eponymous e-commerce site.
The high-end putter and golf accessories maker priced its shares at $4 in its initial public offering, selling 3.2 million SPGC shares yesterday, which then popped to over $27 before pulling back to about $4.50 today.
Next Level parent, YS Garments LLC, which is owned by Blue Point Capital Partners, saw S&P Global lower its issuer credit rating to CCC from B-, with a negative outlook, after the company entered into a waiver agreement and amendment to its credit facilities with its lender through Sep. 2024.
The twice yearly outdoor industry trade show is making several changes to its format starting with its Summer 2024 show, to be held at the Salt Palace Convention Center in Salt Lake City, UT, from June 17 to 19.
The outdoor apparel-styled drink cozy maker named Tory Upham as CEO, succeeding interim CEO Scott Allan.