September 11, 2024 DSW Q2 Sales Slip despite Nike Driven Sneaker Resurgence
DSW parent Designer Brands’ net income declined 17% to $55,576,000 from $66,997,000 on sales that were off 3% to $771,900,000 from $792,217,000 in the second quarter as gains in athletic and athleisure offset lower dress and seasonal results. Peloton Touts Treadmill Potential as Cost Cuts Drive Toward Profitability
Shoring up P&L margins and the balance sheet regardless of near-term top line results remains top of mind at the recovering connected fitness firm, management shared at two recent investor conferences, adding some color to positive trends emerging in their fiscal Q4. Manchester United Retail Sales Finish the Year Strong
ManU’s commercial revenue grew 6% to £71.2 million ($76.6 mm) in the final fiscal quarter ended June 30, as retail, merchandising, apparel & product licensing improved 8% to £29.4 million ($31.6 mm), driven by its contract extension with Adidas, which was partially offset by lower Megastore sales due to fewer matches played at Old Trafford.
The struggling connected strength training platform tapped Darren MacDonald as CEO, succeeding Krystal Zell who has decided to step down, citing personal reasons.
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