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January 08, 2024


Outdoor Segment Boosts Helen of Troy’s Quarter

Sales in HELE’s Home & Outdoor segment, which includes Hydroflask and Osprey packs, increased 3% to $235.9 million from $228.9 million in the fiscal third quarter, led by a standout performance from the Oxo kitchen brand.

Crocs Reports Surprise Gains in Final Quarter

Preliminary fourth quarter sales show a 1% improvement over the prior year, coming in well ahead of the guided 1% to 4% decline, as the Crocs brand was up almost 10% and Heydude held its decline to 19% amidst its channel restructuring.

On Holding Plans Further Expansion, But No Tiger Signing

The Swiss company, which had a phenomenal 2023 in terms of sales and profitability growth, is promising to unleash a plethora of new products over the next 10 to 24 months and be a player at the Olympics this summer in Paris, but it has no intention of adding famed golfer and ex-Nike athlete Tiger Woods to its roster.

Wolverine Worldwide Making Progress on Turnaround Initiatives

CEO Chris Hufnagel, 151 days on the job, updated the company’s progress within its strategic transformation strategy earlier today to attendees at the 2024 ICR Conference.

Journeys’ Holiday Comps Dropped 6%

Genesco slashed its full-year adjusted earnings guidance to $0.65 to $0.85 per share ($8.2 mm at the midpoint) compared to a prior range of $1.50 to $2.00, after weak boot sales sent Journeys’ Holiday comps down 6%.

Rocky Brands Sees Strong Demand for Xtratuf

Operational efficiency, Xtratuf brand heat, and inventories finally coming down should lay the foundation for a better 2024 after the inventory glut impacted ’23 results, the boot maker outlined at the ICR Conference.

Lululemon Raises Q4 Guidance

The lulunatics raised revenue guidance for the fourth quarter, and now expect gross margin to be higher than expected, in a preannouncement before the ICR Conference, where the company won’t make a presentation but will hold analyst meetings.

Zumiez’ Holiday Sales Sink

ZUMZ’ sales slipped 4% for the nine-week period ended Dec. 30, with comps dropping 5.9%, pulled down by a 7% decline in the U.S. that was partially offset by 4% growth (+1% CC) in Europe and Australia.

Tiger Woods is Leaving Nike

The golf icon revealed on social media that the 27-year partnership that made him the face of Nike Golf has come to an end.

November Retail Imports Lower than Expected

Retail imports at U.S. container ports increased 7% to 1.89 Twenty-Foot Equivalent Units missing the revised 1.96 million TEU forecast by the NRF and Hackett Associates.

Fila Holdings Names Todd Klein Global Brand President

Klein was promoted by the Fila and Acushnet parent to global brand chief from his previous role as head of Fila USA, which he took over from the retiring Jennifer Estabrook last year.

Solo Brands Names New CEO, Cuts Guidance

The parent of Solo Stove, Chubbies and other outdoor brands tapped Christopher Metz as its new president, CEO, and board director, effective Jan. 15, succeeding John Merris, who is departing the company.

Uvex Appoints Adds New Senior Management

Uvex Sports Group with its brands Uvex, Alpina and Hiplok appointed Patrick Hebling and Patrick Angeletti to the management board as CEO and CFO/COO, respectively.

United Sports Brands Hires Phil Gyori as CEO

The Norwest Equity Partners-owned parent of Shock Doctor, McDavid and other brands named Pelican Products CEO, Phil Gyori as its new chief executive.

Newell is Reorganizing Again

The parent of Coleman, Contigo, Marmot and other outdoor brands will spend up to $90 million, with most of the costs and cuts incurred by the end of the year, in another restructuring that will see about 7% of its office positions slashed.

Compass Diversified Promotes Investment Team Members

CODI elevated Raj Dalal to partner from principal and promoted two other members of its investment team.

Etcetera: Bass Pro, Adidas, Dunham’s, Baist, OIA, ABG, Rapala, Alpha Silencer, Daiwa USA, Lipsey’s

 
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