Under Armour Posts Surprise Profit For Holiday Quarter
Under Armour Inc. reported sales were down 3 percent in the fourth quarter but both sales and earnings easily topped Wall Street targets. The company forecasted sales for the current year to climb in the high-single-digit percentage rate, reflecting a high-single-digit growth rate in North America and a high-teens growth rate in its international business.
RYU Apparel Relists On OTCQB
RYU Apparel Inc. announced it has been relisted on the OTCQB Venture Market.
Urban Outfitters’ Q4 Comps Drop 7 Percent
Urban Outfitters Inc. reported total company net sales for the three months ended January 31 decreased 6.9 percent over the same period last year to $1.09 billion. Comparable Retail segment net sales decreased 7 percent.
HanesBrands Sees Double-Digit Growth For Champion
HanesBrands reported sales grew 2.9 percent in the fourth quarter, led by an 11 percent gain for the Champion brand and continued momentum in U.S. Innerwear. Earnings were down but ahead of Wall Street estimates.
Nike Acquires Data Integration Expert Datalogue
Nike, Inc. has acquired Datalogue, a data integration platform start-up based in New York. Datalogue is Nike’s latest acquisition to enable its consumer-led digital transformation.
RIA Survey Details Run Specialty Channel Recovery In 2020
The latest survey from the Running Industry Association (RIA) found that in spite of store closures in March and April, the run specialty channel proved resilient and rebounded nicely in the back half of 2020.
Topgolf To Open First Venues In Southern California
Topgolf Entertainment Group plans to open two venues in the Los Angeles area in Ontario and El Segundo. These venues will be the first locations to serve the Southern California area and will bring the total number of venues in California to four, joining Topgolf Roseville outside of Sacramento and Topgolf San Jose, which is expected to open in 2021.
Astral Hires Industry Vet As Chief Revenue Officer
Astral announced the addition of David Orr to its leadership team. Orr will act as Chief Revenue Officer overseeing the brand’s global commercial strategy.
Delta Apparel’s Q1 Profits Jump
Delta Apparel Inc.’s sales declined 1. 3 percent in the first quarter ended January 2. A 1.5 percent decline at the Delta Group segment was partially offset by 2.3 percent growth in the Salt Life Group segment. Earnings more than doubled on an adjusted basis due to higher margins and cost reductions.
Target’s All in Motion Becomes Billion-Dollar Brand
Target said its activewear owned brand All in Motion has become a billion-dollar brand a year after its launch.
Bass Pro Airs Its First Super Bowl Commercial
Bass Pro Shops unveiled its first Super Bowl commercial with a message centered on reconnecting with the outdoors and each other.
Kohl’s Partners With Eddie Bauer
Kohl’s announced it will partner with Eddie Bauer on a performance outerwear and outdoor apparel range to launch nationwide in Fall 2021. The addition of Eddie Bauer bolsters Kohl’s strategic goal to drive the Active category from 20 percent to at least 30 percent of its business.
Mizuno’s Q3 Profits Soar
Mizuno Corp. reported earnings surged in the third quarter ended December 31 as sales grew 8.1 percent.
Swix Debuts Concept Store In Lake Placid
Swix announced plans to launch its first U.S. retail outlet, its Concept Store, at the Mt. Van Hoevenberg Ski Stadium in Lake Placid, NY.
Kohl’s Sees Q4 Earnings Topping Wall Street Targets
Kohl’s released preliminary fourth-quarter results, anticipating sales will be down about 10 percent year-over-year, and same-store sales will drop 11 percent.
