Puma Sees Fourth-Quarter Results Ahead Of Analyst Targets
Puma reported stronger than expected preliminary quarterly sales and core profit as global demand helped offset the effects from the pandemic and supply chain constraints.
WFSGI Appoints Head Of Cycling
World Federation of the Sporting Goods Industry (WFSGI) announced that Michelle Smyth is its new head of cycling.
Report: Peloton Suspends Bike And Treadmill Production Amid Slowdown
According to a confidential internal presentation dated January 10 attained by CNBC, Peloton has paused its Bike production for two months, from February to March, due to a “significant reduction” in demand attributed to heightened price sensitivity and competition.
Lolë Appoints Vice-President of Sales
Lolë announced it had appointed Nadine Garneau as vice president of sales.
Wilson To Open Flagship In New York City
Wilson will open its second store at 594 Broadway in the SOHO district of Manhattan on January 21. The brand’s first store opened last July in Chicago.
RYU Hires Marketing Director
RYU Apparel, Inc. announced it had hired Zachary Beers as marketing director. Beers comes to RYU from Arc’Teryx having worked there for the past seven years as head of Brand Experience/Go To Market.
JD.com Partners With Shopify
Chinese online retailer JD.com announced it had formed a strategic partnership with Ottawa-based Shopify to help U.S. merchants sell their products in Mainland China. The partnership marks a step up in the China expansion for Shopify and is another in JDs internationalization trajectory.
GOA Report: 2021 Growth At Specialty Independent Outdoor Retail
GOA released sales data showing an uptick in holiday season sales and a record-setting two years of sales increases.
Women’s Sports Foundation Welcomes New President And Board Of Trustees Chair
The Women’s Sports Foundation (WSF) welcomed Olympic and World Champion in ice hockey and New Jersey Devils (NHL) Manager, Player Development Meghan Duggan as its new President, and Executive Director of the Ivy League Robin Harris as its Board of Trustees Chair.
Cap America Hires Sporting Goods National Sales Manager
Cap America Inc. has hired Tim Nixon as its sporting goods division national sales manager.
361 Degrees Sees High-Teens Growth In Fourth Quarter
361 Degrees International, Ltd. reported retail sales of 361º core branded products for the fourth quarter of 2021 recorded high-teens growth compared to the same period of 2020.
Dick’s SG Closes $1.5 Billion Debt Sale
Dick’s Sporting Goods, Inc. announced the closing on January 14, 2022, of its previously announced offering of $750 million of 3.15 percent senior notes due in 2032 and $750 million of 4.1 percent senior notes due 2052.
Sportsman’s Warehouse’s Reports Flat Sales Over Holiday Period
Sportsman’s Warehouse, Inc. reported net sales in the eight weeks ended December 25 were $299.6 million, which was flat versus the comparable eight weeks of fiscal year 2020. Compared to the same eight-week period of fiscal year 2019, net sales increased 59.3 percent from $188.1 million.
Kohl’s Reaffirms Strategic Progress Following Activists Calls For Sale
Kohl’s responded to a call by Activist Investor Macellum Advisors to explore strategic options, including a sale, by reporting that its recent results showed the retailer is making strong progress with its transformation plan and that it’s open to further discussions with Macellum.
TheDrop Taps Nike Veteran To Lead Global Merchandising
TheDrop.com, a streetwear and sneaker online marketplace, announced that Scott Keating has joined the company’s management team as chief merchandising officer. He was most recently global sales and brand director for Nike SB.
