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.
Columbia Sportswear’s Q4 Earnings Decline On Impairment Charges
Columbia Sportswear Company reported earnings in the fourth quarter were down 16 percent due in part to impairment charges tied to retail and its Prana trademark. Sales declined 4 percent. Both earnings and sales, however, topped Wall Street targets. Chairman, President and CEO Tim Boyle said, “I’m encouraged by our e-commerce growth as well as wholesale orders for the Spring and Fall 2021 seasons, which we anticipate fueling our continued recovery in 2021.”
Dick’s SG Will Close Again On Thanksgiving
Dick’s Sporting Goods announced it will close all retail locations and distribution centers on Thanksgiving Day, November 25, 2021. Dick’s also closed on Thanksgiving in 2020.
The Buckle’s January Same-Store Sales Climb 35 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 30, 2021 increased 35.3 percent.
Brooks Running Reports 27 Percent Revenue Gain For 2020
Brooks Running ended 2020 with global revenue of nearly $850 million, an increase of 27 percent year-over-year.
Canada Goose Returns To Quarterly Growth
Canada Goose reported net earnings were down 9.3 percent in the third quarter ended December 27 as sales gained 4.8 percent. Both earnings and sales topped Wall Street’s consensus estimates. Total revenue increased for the first time since the onset of the pandemic.
