Hibbett Sports reported significant gains in fourth-quarter earnings and sales and expressed confidence that new customers captured during the pandemic would boost sales in the years ahead. However, Hibbett officials also warned of supply chain disruptions and provided muted guidance for 2021 due to uncertainties in the marketplace.
Month: March 2021
Smith & Wesson Outpaces Strong NICS Checks Trend To Double Fiscal Q3 Sales
Fiscal third quarter net sales increased 102.2 percent to $257.6 million compared with $127.4 million in the comparable quarter last year.
Hillsound Equipment Expands Sales Team With Additions In U.S. And Canada
Hillsound Equipment has partnered with Endless Adventure Sales and Pro Line Sports Ltd to distribute its products in the U.S. Pacific Region and Western Canadian.
Athleta Ramps Up Expansion After Blowout Fourth Quarter
Gap Inc. said it plans to open 20 to 30 Athleta stores in 2021 after the women activewear chain’s fourth-quarter sales jumped 29 percent on a reported basis and 26 percent on a same-store basis. Sonia Syngal, Gap Inc’s CEO, told analysts, “Athleta is our highest margin business and like Old Navy has made continuous market share gains each quarter year-to-date.”
Aisle Talk Week Of March 1, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of March 1, 2021 covered in the SGB Updates and delivered to your inbox every business day.
Under Armour Debuts Its Fastest Running Shoe, UA Flow Velociti Wind
Under Armour dropped its UA Flow Velociti Wind, its “fastest running shoe yet.” There’s no outsole just a grippy, supportive single foam compound that allows you to run to achieve your “flow state.” “These shoes feel weightless, almost as if there’s nothing there. Hitting flow state in a workout is much easier when you have […]
Dick’s SG Partners With Allegheny Health Network To Vaccinate 5,100 Western Pennsylvania Residents
Dick’s Sporting Goods and Allegheny Health Network partnered on Friday to host the largest, single-day COVID-19 vaccination clinic in the greater Western Pennsylvania region. More than 5,000 area residents who fall into the Pennsylvania Department of Health’s Phase 1A vaccination eligibility received their first dose of the vaccine from AHN caregivers at Dick’s corporate office […]
Mastercard: U.S. Retail Sales Grew 4.6 Percent In February
U.S. retail sales climbed 4.6 percent in February after adjusting for the fact that 2020 was a leap year, according to data from Mastercard’s SpendingPulse.
Original Penguin Welcomes PGA Tour Winner To Tour Staff
Original Penguin Golf, a division of Perry Ellis International, announces the signing of PGA Tour winner Danny Lee as a brand ambassador. Lee will make his debut this week in Orlando, FL wearing OPG’s Spring 2021 collection.
Compass Diversified Expands Debt Offering
Compass Diversified increased its offering of senior unsecured notes due 2029 to $1 billion from $750 million. The 5.25 percent notes will be the company’s senior unsecured obligations.
HanesBrands Names General Counsel, Corporate Secretary And Chief Compliance Officer
HanesBrands announced that Tracy Preston has been named general counsel, corporate secretary and chief compliance officer, effective March 29, 2021.
Hibbett Sports Fourth Quarter Earnings Surge
Profits at Hibbett Sports Inc. catapulted 168 percent in the fourth quarter ended January 30 as same-store sales ran up 21.9 percent. Mike Longo, president and chief executive officer, said in a statement, “The strong momentum that we experienced in our business in the second and third quarters continued in the fourth quarter.”
ROLL Recovery Launches R8 Custom
ROLL Recovery announced the launch of the R8 Custom which will be assembled in Boulder, CO. “We’re proud to be hand assembling every R8 Custom in our headquarters located in Boulder, CO,” said Founder Jeremy Nelson. “We’ve noticed a growing desire from our customers to customize the look and feel of their R8, and we hope […]
Self Esteem Brands Makes Executive Appointments
Self Esteem Brands, the parent of Anytime Fitness, Basecamp Fitness, The Bar Method, and Waxing the City, announced three executive appointments.
Athleta’s Comps Climb 26 Percent In Q4
Gap Inc. said Athleta’s sales increased 29 percent in the fourth quarter with comparable sales up 26 percent. Gap said it plans to open 20 to 30 Athleta stores in fiscal 2021.
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