Columbia Sportswear Reduces FY Guidance
Columbia Sportswear Company reported second-quarter earnings that topped Wall Street’s estimate but reduced its sale and EPS guidance for the year due to growing economic uncertainty. Chairman, President and Chief Executive Officer Tim Boyle said, “As 2022 has progressed, it is increasingly clear that the operating environment has become more challenging.”
Puma Lifts Full-Year Revenue Outlook After Solid Q2
Puma reported stronger than expected second-quarter earnings on “very strong growth” across its product range and raised its revenue outlook for the full-year 2022. Earnings guidance was maintained as Puma warned of uncertainties that could dilute profitability.
Shimano’s Sales Expand 15 Percent In First Half
Shimano, Inc. reported its net income increased 22.4 percent in the first half ended June 30 as sales grew 14.7 percent.
The Athlete’s Foot Signs First NBA Ambassador
First-round draft pick AJ Griffin signed a brand ambassador deal with The Athlete’s Foot (TAF) following his selection by The Atlanta Hawks.
Saucony Appoints Chief Marketing Officer
Saucony, a division of Wolverine Worldwide Inc., announced the appointment of Kathryn Pratt to the position of chief marketing officer, effective immediately.
Delta Galil Acquires Sustainable Clothing Brand Organic Basics
Delta Galil Industries, Ltd., headquartered in Tel Aviv, Isreal, has acquired the Organic Basics brand and certain assets. The terms of the deal were not disclosed.
Academy Sports Opens Store In Panama City
Academy Sports + Outdoors announced the opening of its Panama City
Fanatics Expands Partnership With University of Alabama
Fanatics and The University of Alabama announced a long-term, multifaceted partnership that includes exclusive rights from the University for activation by Fanatics across its digital sports platform.
Olympia Sports To Close Remaining 35 Stores
Olympia Sports, the Maine-based sporting goods chain that once had more than 200 stores on the East Coast, is shuttering its remaining 35 stores.
Caleres CEO To Retire Next Year
Diane Sullivan, Caleres’ long-time CEO, will retire effective January 15, 2023. The company announced the news on Monday. Jay Schmidt, president of Caleres, will succeed Sullivan as chief executive officer, with Sullivan moving to the role of executive chairman.
Filson Appoints President
Filson, the Seattle-based outdoor and apparel manufacturer, announced the appointment of Neil Morgan as president of the company.
Luxury Retail’s Momentum Continues Into 2022
Despite record inflation and a plunging stock market, the rebound in luxury spending seen in 2021 has continued into 2022, according to recent reports from Bain and Bank of America (BOA).
Lids Opens New College Retail Concept
Lids announced the launch of Lids University (Lids U), a retail concept for collegiate sports products and apparel.
A.K.A. Brands Sees 6 Percent Growth In Second Quarter
A.K.A. Brands Holding Corp. said it expects to show a loss in the second quarter ended June 30 as sales increased 6 percent. Current brands in the A.K.A. Brands portfolio include Princess Polly, Culture Kings, mnml, Petal & Pup, and Rebdolls.
MLB Officially Allowing Ads On Uniforms In 2023
Major League Baseball (MLB) is moving ahead with plans to add uniform and helmet advertising patches on uniforms next season.
