March 08, 2024 Journeys’ Product Missteps Pull Down GCO Q4
Genesco net income slid 30% in the important Holiday quarter to $27,189,000 from $38,949,000, as the Journeys parent’s revenues inched up 2% to $738,950,000 from $725,020,000, with comps down 4%, including -7% in stores and +5% from e-commerce. Athletic Brands Drive Vulcabras’ Growth
Net income was down 33% in the fourth quarter to BRL 144,705,000 ($29.2 mm) from BRL 219,785,000 on a 7% increase to net sales, hitting BRL 791,289,000 ($149.2 mm) over BRL 738,843,000. Slinger Bag Parent Hurt by Supply Constraints, Past Losses
Despite strong demand for Slinger Bag tennis and pickleball launchers, Connexa Sports Technologies struggled to get enough product in its fiscal Q3 ended Jan. 31.
The Swedish outdoor equipment maker has named Jonas Sjögren as CEO, succeeding Richard Jägrud, who has decided to leave the company to pursue other opportunities. Gearhead Outfitters Expands Into CO
The AR-based outdoor retailer expanded its footprint with the acquisition of two CO Summit Canyon Mountaineering stores, its first locations in the mountain state. Puma Loses European Patent Case over Avanti Shoe Design
Puma has suffered a setback in a patent dispute in the Court of Justice of the European Union over a sports shoe associated with Rihanna.
A TX federal judge has dismissed with prejudice Landon T. Jones, a/k/a Adobe Bryant’s suit that claimed Nike, BSN Sports and Dick’s SG were infringing on the of use the plaintiff’s “BALLIN” mark on March Madness apparel.
SKX has agreed to pay a civil penalty of $1.25 million to settle Securities and Exchange Commission charges, without admitting or denying the SEC’s findings, that the company failed to report financial transactions involving executives and their relatives. CPSC Recall: Skechers Watch Gift Sets
Fossil Group is recalling about 260 braided black bracelets that came with Skechers watch and jewelry gift sets because the clasp contains high levels of lead and cadmium. Etcetera: Clarus, Escalade, Saucony
|