Topo Designs reported a significant equity investment from Gart Capital Partners, a family investment company headquartered in Colorado, marking the first time the brand has taken outside funding since its founding in 2008. (Read More)
Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis. Diluted EPS declined 9 percent to 79 cents a share. Inventories for Nike, Inc. were $8.9 billion, up 16 percent. (Read More)
S&P Global Ratings lowered its debt ratings on Newell Brands Inc. as the company's earnings and cash flow guidance for fiscal year 2023 has come in significantly weaker than previous expectations because of weak macroeconomic conditions and continued inflationary pressures. (Read More)
Shares of Foot Locker rose 7 percent on Tuesday as analysts at Citi and Evercore upgraded the stock following the retailer’s Investor Day on Monday. Citi’s Paul Lejuez said Foot Locker's moving in the right direction, turning attention away from malls and the Champs brand and instead focusing on offerings related to kids, loyalty and digital. (Read More)
Anta Sports Products Limited saw revenue increase 8.8 percent to RMB53.65 billion in 2022, compared to RMB49.33 billion in 2021. The Group's operational measures and "Dynamic Management" approach were said to have been effective as profit attributable to shareholders reached RMB7.59 billion, outperforming market expectations. (Read More)
Shares of On Holding rose 26 percent Tuesday after the Swiss running brand reported revenues jumped 92 percent in the fourth quarter with the help of market share gains in running and tennis and On's strengthening appeal with younger consumers. On officials also provided a bullish outlook for 2023. (Read More)
Turtle Fur reported strategic leadership hires, including CEO Jim Osgood, CFO Matt Glomski and VP of Marketing & E-Commerce Erika Canfield. (Read More)
Outdoor Vitals, the Utah-based performance outdoor apparel and gear brand, added the Nebo... (Read More)
Costa Sunglasses brings next-level performance to its legacy frame Corbina for spring 2023. The... (Read More)
Shimano, a longtime fishing tackle manufacturer, expanded its freshwater hard bait line geared toward the freshwater angler. Shimano’s patented Boost Concept lure technology features throughout its hard bait... (Read More)
With 20-plus years of experience in the creative and marketing field, Mountain Khakis hired Ant Sanders as creative director. (Read More)
Amazon's Andy Jassy, the company's chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023. (Read More)
Drapers reported that Sweaty Betty's chief executive Julia Straus and chief operating officer, Mark Smith, would step down this summer following the brand's takeover by Wolverine Worldwide. A search is underway to fill the positions. (Read More)
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss running brand predicts sales will grow 39 percent. (Read More)
The Buckle, Inc. board of directors authorized a 35 cents per share quarterly dividend to be paid to shareholders of record at the close of business on April 14, with a payment date of April 28. (Read More)
The National Hockey League and its longstanding partner Fanatics have inked a new 10-year agreement which, beginning with the 2024/25 season, will see Fanatics become the League’s authentic outfitter of on-ice uniforms and supplier of authentic jerseys at retail. (Read More)
Pure Archery Group has hired industry veteran Jamie Wilson as Southeast territory manager supporting North Carolina, South Carolina, Tennessee, Georgia, Florida, Mississippi, and Alabama. (Read More)
SilencerCo promoted Chase Glenn to director of business development, responsible for the company's strategic relationships, brand representation and development of new licensing and OEM opportunities. (Read More)
The Outdoor Industry Association (OIA) Board of Directors named industry veteran Kent Ebersole as president after serving seven months as the organization's interim executive director. (Read More)
Rab and Lowe Alpine hired industry veteran Adam Chamberlain as U.S. Country Manager responsible for domestic operations in the United States. (Read More)