James Hartford

Asheville

Editorial Director at SGB Magazine

Enjoying life on the Blue Ridge

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sgbonline.com

Articles

EXEC: BRP Inc. Divests More Marine Assets, Selling Quintrex, Stacer and Savage Brands

3 weeks ago | sgbonline.com | James Hartford

BRP Inc., the parent of the Ski-Doo and Lynx powersports brands, has entered into a definitive agreement to sell 100 percent of the outstanding shares of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd. The acquirer has reportedly been established in the region since 1983 and is said to be a key player in Australia’s boat industry.
EXEC: Allbirds Beats Estimates on Top-Line Decline, Shrinks Net loss

1 month ago | sgbonline.com | James Hartford

Allbirds, Inc. CEO Joe Vernachio stepped into the company’s leadership role a year ago with a mission to rebuild the company for future growth and profitability. “Over the past year, we’ve made real progress, strengthening our operating model, bringing together a team of experienced, talented and motivated people, and most importantly, reigniting our product and marketing engine,” Vernachio told analysts during the company’s Q4 earnings conference call.
Macy’s Inc. Has Mixed Q4 Results; Shares Slip as Tariffs, Weak Consumer Impact Outlook

1 month ago | sgbonline.com | James Hartford

Macy’s, Inc. reported that net sales decreased 4.3 percent to $7.8 billion for the quarter ended February 1. Comparable store sales were down 1.1 percent on an owned basis and up 0.2 percent on an owned-plus-licensed-plus-marketplace basis. Comparable owned-plus-licensed-plus-marketplace sales growth at Macy’s First 50 locations, Macy’s digital channel, Bloomingdale’s, and Bluemercury was offset primarily by weakness in Macy’s non-First 50 and non-go-forward locations. Macy’s, Inc.
Escalade, Inc. Sees Q4 Strength in Archery, Table Tennis and Fitness as Net Dips

1 month ago | sgbonline.com | James Hartford

Escalade, Inc. reported total net sales for the fourth quarter declined 2.4 percent year-over-year, said to be primarily due to softer consumer demand across the majority of the company’s product categories, partially offset by improved demand in the archery, table tennis, and fitness categories.
EXEC: Yonex Gets Racquet Sports Lift from Summer Olympics

2 months ago | sgbonline.com | James Hartford

Japan-based racquet sports and golf equipment manufacturer Yonex Company, Ltd reported results for the nine-month year-to-date (YTD) period ended December 31, 2024, suggesting that the sports market was boosted by the Summer Olympics in Paris and other international tournaments, and by the success of athletes at those event.
EXEC: VF Corp Confirms New Global Cuts as Analysts React to ICR Presentations

Jan 21, 2025 | sgbonline.com | James Hartford

VF Corporation CEO Bracken Darrell and his Senior Leadership Team continue to make the hard choices as the company works to right-size the organization, cut costs, build margins, raise liquidity, reduce net leverage, and divest poor-performing businesses. Wall Street appears to like the continued focus as VFC share rose over 4 percent in NYSE trading on Tuesday, January 21 amid a range of notes from analysts.
Tommy Bahama Parent Sees Q3 Consumer Headwinds Abating in Early Q4 Read

Dec 11, 2024 | sgbonline.com | James Hartford

Oxford Industries, Inc. reported consolidated net sales in the third quarter of fiscal 2024 were $308 million compared to $327 million in the third quarter of fiscal 2023. Full-price direct-to-consumer (DTC) sales decreased 8 percent to $200 million versus the third quarter of fiscal 2023. Full-price retail sales of $99 million were 6 percent lower than prior-year Q3 period. E-commerce sales of $101 million were 11 percent lower than prior-year Q3 period.
Tilly’s, Inc. Beats on Q3 Sales Estimate But Lowers Guidance on Tough Q4 Start

Dec 5, 2024 | sgbonline.com | James Hartford

Tilly’s, Inc. reported that its third quarter results included its best quarterly comp sales performance since fiscal 2021, its first month (fiscal August) of positive comp sales since February 2022, and its second consecutive quarter of year-over-year store traffic growth. Despite those high value metrics, the company also reported a double-digit decline in net sales for the third quarter and a decline in comps for the period.
Thermore Appoints VP of Global Marketing and Communications

Dec 3, 2024 | sgbonline.com | James Hartford

Thermore has appointed Laura Beachy as VP of global marketing and communications. Beachy joins Thermore from Hyla Strategies, a NYC-based boutique marketing firm, where she served as a managing partner since 2014. “Thermore is the ideal choice for those who demand more from their outdoor gear.
Lazydays Holdings Posts Deeper Loss as Sales Fall in Third Quarter

Nov 19, 2024 | sgbonline.com | James Hartford

Lazydays Holdings, Inc. reported total revenue for the 2024 third quarter was $213.5 million compared to $280.7 million for the prior-year Q3 period. Net loss for the third quarter was $17.7 million compared to net loss of $5.6 million for the prior-year Q3 period. Adjusted net loss, a non-GAAP measure, was $16.2 million compared to adjusted net loss of $2.9 million for the prior-year Q3 period.