June 06, 2024 Zumiez Comps Higher in North America
Net loss at the teen retailer narrowed by 9% to $16,780,000 in Q1 from a loss of $18,382,000 last year, as revenues slipped 3% to $177,388,000 from $182,887,000 with -2.4% comps, but the U.S. returned to comp growth for the first time since 2021.
Net loss widened 64% to $19,621,000 from $11,968,000 on net sales down 6% to $115,856,000 from $123,637,000 for the first quarter, landing within guidance as the retailer looks to right the ship. Crocs Sees Sandals, International Driving Growth
The molded footwear manufacturer hammered home its ongoing strategy of growing share in underpenetrated markets and acquiring new customers through product expansion at the Baird investor conference. Vista Outdoor Suitor MNC Raises Bid
MNC Capital Partners raised its offer to acquire all of VSTO to $39.50 per share, topping a $3 billion valuation for the combined ammunition and outdoor businesses.
The ACON Investments-backed cap and apparel brand is acquiring its long-time competitor, which is still owned by the founding D’Angelo family. Vail Resorts’ Retail Slows in Q3
Retail and rental revenues in the fiscal third quarter ended Apr. 30 were 9% lower at $123,262,000 compared to $135,008,000 last year, primarily driven by exiting certain store leases, which reduced sales by about $7.8 million. Acme Tackle Adds Fishing Rod Brands
Acme Tackle Company has acquired Bemidji, MN-based Two Brothers Innovations, which makes fishing rods under the brand names Elliott and 2B Fishing. Joola Hit with Class Action over Paddles
The pickleball paddle maker is being sued by Greg Matus in a proposed class action filed in S. FL district court, accusing Sport Squad (dba Joola) of falsely advertising its paddles as approved by the national governing body for the sport, USA Pickleball. CPSC Recalls: Gun Safes, Ascenders
SA Consumer Products is recalling about 133,370 Sanctuary and Sports Afield biometric gun safes because they can be opened by unauthorized users. Etcetera: Nike, Dahsheng Chemical
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