At its Virtual Investor Day, Nautilus Inc. released its long-term strategic plan, North Star: Journey to 2026, for sustainable growth and digitally transform the brand.
Month: March 2021
Shoe Carnival Announces Planned CEO Succession
Shoe Carnival, Inc. announced that its Board of Directors has unanimously elected Mark Worden, the company’s president and chief customer officer, as its next president and chief executive officer, effective September 30, 2021. Worden will succeed Cliff Sifford.
Nike’s Q3 Impacted By Supply Chain Bottlenecks
Nike Inc. reported a significant year-over-year gain in earnings on a 3 percent revenue gain. Earnings topped analyst estimates but sales came in well short. North America revenues declined 11 percent on a currency-neutral basis, largely driven by inventory delays due to container shortages and U.S. port congestion.
Ecco’s Sales Drop 20 Percent In 2020
Ecco reported sales of €1.092 billion for 2020, down 19.7 percent from €1.36 billion a year ago.
Everlast Signs License With SportLife Brands
Everlast Worldwide Inc. signed a new agreement with SportLife Brands, LLC of New York City. SportLife will produce, market and sell men’s, women’s, boy’s, and girl’s underwear, sleepwear, baselayers, and thermals under the Everlast brand in the U.S.
Headspace Hires Chief Marketing Officer
Headspace announced that Val Kaplan Zapata will join the company as chief marketing officer. Zapata most recently held the role of vice president of growth marketing for Hulu.
Fabletics Announces 2021 Retail Store Expansion
Fabletics announced it would open 24 new store locations across the U.S. in 2021 as part of a retail expansion strategy that will grow its total brick & mortar presence in the U.S. to 74 locations by the end of the year.
Matador Launches Ultralight Travel Towels
Matador Travel Equipment introduced its Ultralight Travel Towels designed for compact portability and absorbency. The towels are come in two sizes and compress into an integrated mesh stuff sack for stowing. “We’ve taken our best-selling travel towels and engineered them for those who count every ounce,” said Chris Clearman, founder and CEO. Matador. “These ultralight […]
ThirtyTwo Presents Zeb’s Signature Kit
ThirtyTwo released Zeb Powell’s first signature kit for Winter 2021—inspired by his favorite NASCAR jacket. The design features flames and 32 racing patches. The kit will be available in October 2021. The highlights of the collection are a Lashed Boot, Pit jacket and Sweeper pant, hoodies, crossover anorak and pants, tees, mitts, and socks. […]
Duluth Trading Eyes Slow Recovery, Tests Sales Inside Tractor Supply
Duluth Trading reported sales were down slightly in the fourth quarter due to continued sluggish in-store traffic tied to COVID-19. Officials also provided a cautious outlook with a recovery picking up speed in the second half of 2021. One surprise was the announcement of a test of sales inside Tractor Supply to potentially mark its move into wholesale distribution.
American Outdoor Brands Blows Past Fiscal Q3 Estimates As Sales Jump 91 Percent
American Outdoor Brands hit it out of the park in its fiscal third quarter, nearly doubling the top-line numbers from the prior-year quarter and besting the numbers for the company’s second quarter, which is historically AOUT’s biggest quarter.
Fanatics Partners With University Of Oklahoma
Fanatics and the University of Oklahoma announced a 10-year exclusive retail and licensing partnership which, beginning this year, will see Fanatics become the University’s primary apparel and headwear partner.
Duluth Holdings’ Sales Dip In Fourth Quarter
Duluth Holdings Inc. reported a modest decline in earnings on a 1.4 percent slide in sales in the fourth quarter ended January 31. Strong online sales continued to offset steep declines in-store sales. Sales have recovered to show mid-teens growth early in fiscal 2021.
Wintersteiger Launches Jupiter In The U.S.
Wintersteiger has taken customization to the next level with Jupiter. Three design variations, five processing modules, three feeding variants, and three application levels are available to meet different service requirements providing customized solutions for ski shops. From a basic service system that offers smaller shops automated ski tuning at a budget price to large multi-module […]
Lululemon Chairman’s SPAC Goes Public
KKR Acquisition Holdings I Corp. (KAHC.U), a SPAC (special purpose acquisition company) founded by KKR & Co. and Lululemon Athletica Chairman and former Gap Inc. CEO Glenn Murphy, raised $1.2 billion in an upsized initial public offering.
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