September 12, 2024 Caleres Cuts Guidance as Back-to-School Starts Slowly
Profits dropped 13% to $29,958,000 from $34,365,000 on 2% lower sales of $683,317,000 down from $695,533,000 for the second quarter as a botched ERP upgrade impacted Brand Portfolio results and Back-to-School got a late start at Famous Footwear. Colt CZ Group’s Sales Accelerate in Q2
Second quarter net income slipped by a third to CZK 306,355,000 ($13.2 mm) from CZK 458,336,000, despite a 57% jump in revenues to CZK 6,022,929,000 ($259.7 mm) from CZK 3,847,680,000. Classic Football Shirts Receives Additional Funding
The U.K.-based retailer of new and used authentic soccer jerseys scored undisclosed investments from actor Rob McElhenney, retired soccer player Alex Morgan, and Wasserman Media, as it aims to spur further growth in the U.S. ahead of the 2026 World Cup. Snow Peak Acquires Majority Stake in Fly Fishing Brand
The Japan-based outdoor brand has acquired a majority stake in New Zealand-based Swift Fly Fishing from founders Carl McNeil and Jeanie Ackley, as it aims to integrate Swift’s Epic brand with its own offerings. Tilly’s Names Hezy Shaked President and CEO
The teen retailer’s co-founder and executive chairman has been in charge on an interim basis since Ed Thomas departed in Jan. and will now take back the job permanently. CPSC Recall: Climbing Harnesses
Petzl America is recalling about 27,800 Gym, Pandion and Panji climbing harnesses because they can be put on backwards and the rope or carabiner can be attached to a non-weight-bearing leg loop elastic band, posing a fall risk. Etcetera: Gearhead Outfitters, Superfeet, SylvanSport, Macron, Amazfit
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