Puma’s Strong Q2 Led By North America
Puma reported a profit against a loss in the second quarter. Sales grew 96 percent in the second quarter with the best performances coming in footwear and in North America. The Germany-based company raised its guidance for the year although it warned about supply chain challenges.
Moncler’s First Half Sales Surge 58 Percent
Moncler S.p.A reported consolidated revenue reached €621.8 million in the first half, up 58 percent from €403.3 million a year ago.
Bass Pro’s Debt Ratings Upgraded On Improving Performance In First Half
S&P Global Ratings upgraded its issuer credit rating on Great Outdoors, the corporate name of Bass Pro Group, to ‘BB-‘ from ‘B+’ as the retailer’s performance “has been resilient with sales and EBITDA growth continuing through the second quarter this year, ahead of our expectations.”
Decathlon’s Debt Ratings Affirmed On Strong 2020 Operating Performance
S&P Global Ratings affirmed its ‘A-2’ short-term issuer credit rating on Decathlon SA as the France-based sporting goods retailer’s operating performance for 2020 was stronger than S&P expected, thanks to strong cost management and cash preservation measures.
Golf Datatech Finds Golf Equipment And Sales On Upswing
Golf Datatech’s Mid-Year U.S. Golf Retail Performance & Rounds Played Report found that golf equipment sales (balls, clubs, shoes, bags, gloves, distance devices) were up 78 percent in the first six months through June compared to 2020 and 41 percent versus 2019. Golf apparel is up 68 percent versus 2020 and 10 percent versus 2019.
Athleta Launches Women’s Wellness Platform
Athleta announced the debut of AthletaWell, a digital platform offering workout content and safe spaces to discuss topics from mental health to body positivity.
Selk’bag Hires Brand Manager
Selk’bag announced it has hired Alexandra De la Torre as brand manager focused on marketing and e-commerce.
Nike Signs Projected No. 1 NBA Draft Pick
Nike has signed an endorsement deal with Cade Cunningham, the projected top overall pick in the 2021 NBA draft.
G-III Apparel’s Debt Ratings Outlook Raised
Moody’s Investors Service changed its ratings outlook on G-III Apparel Group, Ltd. to positive from negative. The outlook change to positive reflects G-III’s better than expected operating performance and credit metrics over the past year.
Aqualung Appoints Director Of Dive, North America
Aqualung appointed Jason Spradling as director of Dive, North America. Most recently, he drove the Outdoor Performance business for Under Armour.
Sun & Ski Sports To Open In Former Modell’s Location In Maryland
Sun & Ski Sports plans to open its 31st store in a former Modell’s location at Arundel Mills Mall in Hanover, MD.
Equinox Tech Executive Joins Abercrombie & Fitch
Abercrombie & Fitch Co. appointed Samir Desai, formerly chief technology officer at Equinox, as its chief digital and technology officer.
K-Swiss Appoints VP Marketing, E-Commerce For Americas Region
K-Swiss, owned by China-based Xtep International Holdings Ltd, appointed Kate Minner as its new vice president of marketing and e-commerce for the Americas region.
Fenix Outdoor Brands’ Q2 Sales Jump 27 Percent
Fenix Outdoor Brands reported a significant increase in profits in the second quarter as sales grew 27 percent.
SFIA Applauds USTR Decision To Not Hit Vietnam Imports With Additional Tariffs
The United States Trade Representative (USTR) announced Friday that the U.S. would not initiate Section 301 Tariffs of up to 25 percent on Vietnamese imports in response to currency manipulation.
