Nike Files Patents To Sell Virtual Goods
Nike has applied this week for new trademarks indicating its intent to sell branded virtual goods, including shoes and apparel, according to a report from Bloomberg.
Big 5’s Profits Dip On Tough Comparisons
Big 5 Sporting Goods reported net earnings declined 15.1 in the third quarter ended October 3, in line with guidance and reflecting challenging comparisons in the year-ago pandemic-fueled quarter. Same-store sales decreased 0.7 percent compared to the prior year period and increased 13.2 percent compared to the third quarter of 2019.
Under Armour Hikes Outlook On Q3 Earnings Beat
Under Armour Inc. strongly raised its guidance for the full year after reporting third-quarter earnings that were double Wall Street’s consensus targets. Revenues climbed 8 percent in the third quarter.
Nike Board Member To Retire At End Of Year
Nike Inc. said in a regulatory filing that John Connors on October 27 notified the company of his decision to retire as a director of the company effective December 31, 2021. Connors’s decision to retire is not because of a disagreement with the company or the Board of Directors
Scheels Expanding To Idaho
Scheels announced plans to open its first All Sports Store to Idaho. The store is scheduled to open in Spring 2024 in Meridian, West of Boise. The 240,000 retail store is planned to anchor the Ten Mile Crossing development.
Unifi Appoints Board Member
Unifi Inc. announced the election of Rhonda Ramlo to its Board of Directors, effective October 27, 2021.
Galaxy Universal To Acquire And1, Avia, Gaiam, And SPRI
Galaxy Universal, LLC. has agreed to acquire the And1, Avia, Gaiam, and SPRI brands as part of the bankruptcy proceedings of Sequential Brands Group, Inc. for approximately $330 million.
Canada Goose Opens First California Store
Canada Goose opened its first retail location in California at South Coast Plaza.
Emerald Holding Shrinks Q3 Loss
Emerald Holding, Inc. reported reduced losses in the third quarter ended September 30 as it was able to hold 32 in-person trade shows, conferences and other events in the period.
Dick’s SG Announces Opening Of Second Public Lands And Golf Galaxy Performance Center Locations
Dick’s Sporting Goods said it will expand the footprint of its Public Lands outdoor concept with the grand opening of its second Public Lands store in Columbus, OH on November 5. Dick’s will also open its second Golf Galaxy Performance Center, a redesigned concept featuring an “elevated experience for golfers,” in Woodbury, MN.
Puma Signs High School Basketball Star
Puma signed 17-year-old prep phenom Mikey Williams to an endorsement deal, making him the first American high school basketball player to sign a sneaker deal with a global footwear company.
Fanatics And IOC Partner On Global Online Store
Fanatics and the International Olympic Committee (IOC) announced a new partnership to launch its first global e-commerce platform and Olympic store to support the upcoming Paris Games in 2024, Milano Cortina Games in 2026 and LA Games in 2028.
Compass Diversified Delivers Significant Q3 Earnings Gain
Compass Diversified (CODI) reported significant improvement in earnings in the third quarter due to a gain on its sale of Liberty Safe. Earnings, excluding the gain, grew about a third due to the 2020 acquisition of BOA and a strong performance by its branded consumer companies.
Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts
Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year.
Big Agnes Announces Key Hires And Promotions Within Sales Team
Big Agnes has hired Craig Hatton and Parker Batt to join its sales team and announced the promotion of Kody Herman and Eric Einfeld within the sales organization.
