Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Scandinavian Outdoor Group Appoints Chairman
Isbjörn of Sweden founder and CEO Maria Frykman has been appointed chairman of the Scandinavian Outdoor Group (SOG). Frykman will take over from David Ekelund, CEO of Icebug AB, who has held the position since 2013. He is moving to a role within the European Outdoor Group (EOG).
Callaway Golf’s Q1 Sales Surge 60 Percent
Callaway Golf reported net revenues in the first quarter increased 59.6 percent to $1.04 billion. The gains were driven by the acquisition of Topgolf but also double-digit growth in its Golf Equipment business as well as Apparel, Gear and Other business. The company raised its guidance for earnings and sales for the year.
Carhartt Appoints SVP Direct-To-Consumer
Carhartt hired Chad Cornstubble as senior vice president of direct-to-consumer. He officially joined the workwear brand on May 2 and reports to Linda Hubbard, president and chief operating officer, Carhartt.
Jelenew Appoints Creative Director
American women’s cycling brand Jelenew appointed ex-Chanel designer Di Liu as its creative director.
U.S. Ports Set New Record For Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released by the National Retail Federation.
The Athlete’s Foot Acquires Asphaltgold
The Athlete’s Foot has acquired Asphaltgold, the European-based online streetwear shop.
Rally House Adds Stores In Illinois, Michigan And Indiana
Rally House announced the opening of stores in Skokie, IL; Taylor, MI; and South Bend, IN.
Endura Appoints Brand Director As Founder And Director Step Back
Jim McFarlane, the founder of the cycling apparel brand Endura, and director, Pamela Barclay, announced plans to step back from the day-to-day management of the business. Noah Bernard has been appointed brand director and will lead the company.
Clarus’ Q1 Sales Climb 50 Percent On Acquisitions
Clarus Corporation reported sales jumped 50 percent in the first quarter, which ended March 31, largely due to the acquisitions of Rhino-Rack and MaxTrax. Sales on a proforma basis grew 6 percent. Sales of the Outdoor segment, led by Black Diamond, were impacted by logistics challenges.
Nicklaus Companies Appoints CEO
Nicklaus Companies, a conglomerate of golf-related businesses run and owned by Jack Nicklaus and his family, announced it has hired Phil Cotton as CEO.
Glacier Glove Acquired By Elvisridge Capital
Elvisridge Capital, based in Beachwood, OH, has acquired Glacier Outdoor, Inc. doing business as Glacier Glove. The terms of the transaction were not disclosed.
Iconix Consolidates Control Of Pony
Iconix International Inc., which secured the North American rights to the Pony in 2015 for $37 million, has acquired the rights to the sneaker brand in the rest of the world, except in China and Taiwan.
Emerald’s Sales Bounce Back In First Quarter
Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021.
Moncler’s Sales Jump 61 Percent In First Quarter
Moncler SpA posted higher revenue for the first quarter with strength in Moncler and the recently-acquired Stone Island fashion brand.
