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September 07, 2023 DSW Weakness Pulls Down Designer Brands in Q2
Net income attributable to DBI was down 23% to $37,204,000 from $48,619,000 on an 8% increase in sales to $792,217,000 from $859,319,000 hurt by consumers that remain under economic pressure, as well as high inventory and promotional activity across footwear retail. Zumiez Struggles in North America
The bottom line swung to an $8,509,000 loss from a $3,067,000 profit on sales that were down 12% to $194,438,000 from $219,993,000 with double-digit gains in the small international business dwarfed by slumping North American sales. American Outdoor Brands Reduces Loss
Net loss in the fiscal first quarter ended July 31 narrowed to $4,113,000 from a loss of $5,695,000 last year, on sales that inched down 1% to $43,445,000 from $43,676,000 as retailers remain cautious with their open-to-buy dollars. Smith & Wesson Sees Consumer Demand Boost Sales
The bottom line dipped 6% to $3,118,000 in fiscal Q1 ended July 31 from $3,312,000 last year, despite strong, 35% revenue growth to $114,243,000 up from $84,394,000, as gross margin plunged 1070 basis points to just 26.6%. Hanesbrands Licenses G-III for Champion Outerwear
G-III Apparel Group will design, produce and distribute Champion and C9 Champion branded outerwear in North America in a multi-year licensing agreement with HBI. CPSC Warns on Chinese Bike Helmets
The agency warned consumers to stop using two more brands of Chinese-made bike helmets that don’t comply with CPSC requirements for positional stability, labeling and certification. Etcetera: Canterbury, Reebok, Nike, Lids, Kuiu, Trek
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