DTC

Solo Brands Announces Fourth Quarter and Fiscal Year 2023 Results Provides Full Year 2024 Guidance

Retrieved on: 
Thursday, March 14, 2024
Fashion, Lifestyle, Retail, Consumer, Home Goods, Specialty, Conference, Growth, Three Months, The Twelve Months, Webcast, Common, Line of credit, Acquisition, Depreciation, DTC, Oru, GAAP, Term loan, Marketing, Video game

Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”) today announced its financial results for the three and twelve month periods ended December 31, 2023.

Key Points: 
  • Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”) today announced its financial results for the three and twelve month periods ended December 31, 2023.
  • Lower net sales resulted, in part, from a lack of significant new product launches in the fourth quarter of 2023 when compared to the fourth quarter of 2022.
  • Adjusted net income per Class A common stock(1)(2) was $0.13 per diluted share for the fourth quarter of 2023 compared to $0.25 for the fourth quarter of 2022.
  • A conference call to discuss the Company's fourth quarter and fiscal 2023 results is scheduled for March 14, 2024, at 8:30 a.m.

Barrett Distribution Centers Unveils Its Second Dallas Fulfillment Center

Retrieved on: 
Tuesday, March 12, 2024
Commercial Building & Real Estate, Technology, Trucking, Construction & Property, Transport, Electronic Commerce, Logistics, Supply Chain Management, Retail, E-commerce, Automation, Distribution, Growth, Warehouse management system, SVP, ERP, DTC, WMS, Warehouse

Barrett Distribution Centers , a third-party logistics (3PL) provider and a leader in eCommerce and omnichannel fulfillment solutions, is thrilled to announce the expansion of its operations with the opening of its second fulfillment distribution center in the Dallas, Texas region .

Key Points: 
  • Barrett Distribution Centers , a third-party logistics (3PL) provider and a leader in eCommerce and omnichannel fulfillment solutions, is thrilled to announce the expansion of its operations with the opening of its second fulfillment distribution center in the Dallas, Texas region .
  • This strategic addition underscores our commitment to supporting direct-to-consumer (DTC) eCommerce and omnichannel fulfillment, alongside retail/B2B distribution, warehousing, and comprehensive transportation solutions.
  • “Our expansion in Dallas is a key component of our broader strategy to reinforce a strong national footprint,” said Scott Hothem , SVP of Barrett.
  • The new Dallas fulfillment center is a testament to Barrett's foresight in recognizing and leveraging geographic advantages to the benefit of its clients.

Laird Superfood Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Food, Beverage, Retail, Growth, LSF, G&A, DTC, Annual report, Marketing, Pharmaceutical industry

Laird Superfood, Inc. (NYSE American: LSF) (“Laird Superfood,” the "Company", “we”, and “our”), today reported financial results for its fourth quarter and year ended December 31, 2023.

Key Points: 
  • Laird Superfood, Inc. (NYSE American: LSF) (“Laird Superfood,” the "Company", “we”, and “our”), today reported financial results for its fourth quarter and year ended December 31, 2023.
  • Jason Vieth, Chief Executive Officer, commented, "I am delighted to share that our Q4 results are by far the best ever reported by Laird Superfood as a public company.
  • Anya Hamill, Chief Financial Officer, commented, "I am pleased to report outstanding fourth quarter financial results.
  • For more details on non-GAAP financial measures, refer to the information in the non-GAAP financial measures section of this press release.

On Announces Fourth Quarter and Full Year Results, and the Filing of its Annual Report on Form 20-F for 2023

Retrieved on: 
Tuesday, March 12, 2024
Retail, Sports, Other Retail, Other Sports, Specialty, General Sports, Annual report, Central European, Forecasting, Growth, Entrepreneurship, CFO, EPS, Form, History, Life, Athlete, Shoe, Bank statement, DTC, CHF, Cryptocurrency

Martin Hoffmann, Co-CEO and CFO of On, said: “On our journey towards building the most premium global sportswear brand, 2023 was another exceptional year.

Key Points: 
  • Martin Hoffmann, Co-CEO and CFO of On, said: “On our journey towards building the most premium global sportswear brand, 2023 was another exceptional year.
  • We have more capabilities to execute on our strategic plan than ever before - from Retail to Apparel, from Ecom to Operations.
  • At current spot rates, this implies expected reported net sales in the first quarter 2024 of CHF 495 million.
  • The Form 20-F can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at investors.on.com/.

Vintage Wine Estates Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Tuesday, March 12, 2024
Retail, Wine & Spirits, Second, Ageing, Sale, News, Capital market, DTC, VWE, Wine, Security, Inventory, Marketing

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S., today reported its financial results for the three and six months ended December 31, 2023 ("second quarter fiscal 2024").

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S., today reported its financial results for the three and six months ended December 31, 2023 ("second quarter fiscal 2024").
  • Second quarter fiscal 2024 adjusted EBITDA1 was $(28.8) million compared with adjusted EBITDA of $5.0 million in the prior-year period.
  • Cash from operations in the second quarter was $11.9 million reflecting inventory reductions, aggressive efforts to collect receivables and carefully managing payables.
  • As previously disclosed, the Second A&R Loan and Security Agreement currently has principal amounts outstanding of $324.3 million at February 29, 2024.

Jay Appel, Chief Innovation & Growth Officer at The Bloc, Inducted into DTC Perspectives' 2024 Hall of Fame for Transformative Impact in Healthcare Marketing

Retrieved on: 
Tuesday, April 2, 2024
Editorial, Conference, Health, Growth, Communication, Digital, Patient, Digitas Health, Bristol Myers Squibb, Sanofi, DTC, Marketing, Advertising, Security (finance)

NEW YORK, April 2, 2024 /PRNewswire/ -- The Bloc , a renowned global health-native agency, is proud to announce that Jay Appel, Chief Innovation & Growth Officer, will be inducted into the DTC Hall of Fame for the year 2024.

Key Points: 
  • NEW YORK, April 2, 2024 /PRNewswire/ -- The Bloc , a renowned global health-native agency, is proud to announce that Jay Appel, Chief Innovation & Growth Officer, will be inducted into the DTC Hall of Fame for the year 2024.
  • This is an honor presented by DTC Perspectives, the leading forum for direct-to-consumer (DTC) advertising thought leaders.
  • "It is important to recognize those individuals who have shaped DTC advertising and significantly contributed to the communication of important healthcare information directly to patients."
  • His induction into the DTC Hall of Fame is a testament to the remarkable impact he has made," said Jennifer Matthews, President and CEO of The Bloc.

Instant Pot Brands™ Introduces New Leadership and New Company Name

Retrieved on: 
Monday, April 1, 2024
Panzer corps, Chris Robins, Instant Brands, Strategic planning, Line, PVH, Electronics, Newell Brands, Software, CPG, DTC, Divisional patent application, Supply chain, CHRO, Iconic, Dell, Engineering, Management

DOWNERS GROVE, Ill., April 1, 2024 /PRNewswire/ -- Instant Pot Brands, a leading designer, marketer and distributor of electric pressure cookers, air fryers and other small kitchen appliances globally, announced the appointment of four new senior executives to its leadership team: Chris Robins as Chief Executive Officer, Craig Carrigan as Chief Financial Officer, Lisa Kronish as Chief Human Resources Officer and Rudy Sumarli as Executive Vice President, Supply Chain and R&D. The appointments come in tandem with the Company's announcement that it has changed its name and will be doing business as Instant Pot Brands.

Key Points: 
  • The appointments come in tandem with the Company's announcement that it has changed its name and will be doing business as Instant Pot Brands.
  • "Chris, Craig, Lisa and Rudy's appointments are an exciting next step for Instant Pot Brands," said Rich Krause, Chairman of the Board of Directors.
  • "I am thrilled to join Instant Pot Brands, a Company with such a strong portfolio of products built on an iconic brand, with a dedicated team to match.
  • Instant Pot Brands' name change is a part of the Company's ongoing transformation following its separation from its former parent company, Instant Brands, in connection with Instant Brands' Chapter 11 process.

Achieving Unprecedented Success in Beauty and Skincare with BABOR: A Revieve® Case Study

Retrieved on: 
Thursday, March 28, 2024
Health, Partnership, Beauty, Acquisition, DTC, Customer, Skin, AOV, Sales

HELSINKI and AACHEN, Germany, March 28, 2024 /PRNewswire-PRWeb/ -- German skincare brand BABOR known for "Expert Skincare Made in Germany,'' and personalized digital brand experience company Revieve® today announced their remarkable partnership results through Revieve's cutting-edge Advisor solutions in collaboration with global brands, retailers and digital service providers. Through this collaboration, BABOR has witnessed extraordinary advancements in key metrics, showcasing the power of innovation and personalized experiences within the beauty, health, and wellness industries.

Key Points: 
  • Through this collaboration, BABOR has witnessed extraordinary advancements in key metrics, showcasing the power of innovation and personalized experiences within the beauty, health, and wellness industries.
  • This experience supports customers in setting skin goals, tracking changes in their skin over time, and delivering relevant content tailored to their needs.
  • By providing expert advice and dynamic routine recommendations, the BABOR Skin Coach empowers users to achieve their skincare objectives while capturing valuable data to inform future strategies.
  • By leveraging cutting-edge technology and delivering personalized experiences, BABOR has solidified its position as an industry leader while delivering unparalleled value to its customers.

Innova RepairSolutions2 App Now Available in Spanish

Retrieved on: 
Wednesday, March 27, 2024
Temperature, Friends, PDF, Apple, Electronics, DTC, Google Play, OBD2, Setting, Language, Family, SUV, Mobile phone

IRVINE, Calif., March 27, 2024 /PRNewswire/ -- Innova Electronics Corporation, a leading supplier of test equipment and diagnostic reporting for the automotive aftermarket, today announced its RepairSolutions2 mobile app is now available in Spanish. With nearly 2 million downloads to date, the popular RepairSolutions2 app is available from the Apple App and Google Play stores. 

Key Points: 
  • IRVINE, Calif., March 27, 2024 /PRNewswire/ -- Innova Electronics Corporation , a leading supplier of test equipment and diagnostic reporting for the automotive aftermarket, today announced its RepairSolutions2 mobile app is now available in Spanish.
  • With nearly 2 million downloads to date, the popular RepairSolutions2 app is available from the Apple App and Google Play stores.
  • RepairSolutions2 is a free companion app to help Innova OBD2 scanner users access valuable repair data to maximize tool usage as well as to save time and money troubleshooting and repairing car problems.
  • RepairSolutions2 app users can easily switch from English to Spanish in the Settings section of the app.

Where Consumers Shop for Luxury Goods: E-Commerce's Dominance and the Rise of Generative AI, Re-Sell and the Future of Third Space Retail

Retrieved on: 
Friday, March 22, 2024
Habit, Completeness, Synthetic media, DTC, Growth, Travel, AI, Online shopping

The pandemic, cost-of-living crisis and high inflation continue to have an impact on affluent consumers, their wealth, and their shopping habits on luxury goods.

Key Points: 
  • The pandemic, cost-of-living crisis and high inflation continue to have an impact on affluent consumers, their wealth, and their shopping habits on luxury goods.
  • Offline retail maintains its importance alongside e-commerce, as luxury consumers demand seamless integration of online and offline channels, leading to store renovations.
  • E-commerce is projected to outperform offline channels, and generative AI as well as re-sell and "third space" retail holds promise for the future of luxury goods.
  • Generative AI holds promise for product innovation, as well as the re-sell model and "third space" retail as luxury looks towards future innovations.