Hibbett Sports Inc. provided preliminary unaudited financial results for its fourth quarter that showed comparable sales increased 21.9 percent, well above the previous guidance of an increase in the high-single digits to low-double digits.
Author: SGB Media
Callaway Golf Q4 Sales Climb 20 Percent
Callaway Golf Company reported sales grew 20 percent in the fourth quarter due to continued robust demand for golf equipment business and a recovery in its soft goods business led by sales of TravisMathew and Jack Wolfskin. The loss on an adjusted basis was slightly higher year-over-year due to markdowns to clear apparel inventory and higher air shipments to meet demand.
Primus And Brunton Appoint Sales Leaders
Primus and Brunton announced the hiring of Scott Duer as director of sales for both brands and Lauren Heershap as sales manager and product specialist for Brunton.
Peloton Adds OBGYN And Psychiatrist To Health And Wellness Advisory Council
Peloton announced Dr. Heather Irobunda, MD, and Dr. Pooja Lakshmin, MD, as the newest members of the Peloton Health and Wellness Advisory Council.
Lids Promotes Nick Corthier To CFO
Lids has promoted Nick Corthier to chief financial officer. Corthier’s experience with Lids began over 20 years ago when he first joined the retailer as a sales associate in 2000.
RYU Apparel Appoints Board Member
RYU Apparel Inc. appointed Stefanie Crosby, CEO of Triumspear International, to its board of directors.
RECALL: Bowflex SelectTech 2080 Barbells With Curl Bar
About 3,700 Bowflex SelectTech 2080 Barbells with Curl Bar are being recalled.
PVH Appoints CEO Of PVH Americas
PVH Corp. announced that Trish Donnelly, former chief executive officer of Urban Outfitters Group, will join the company as chief executive officer of PVH Americas, a new position. As CEO of PVH Americas, Donnelly will have responsibility for the Calvin Klein, Tommy Hilfiger and Heritage Brands businesses in the Americas and for the global Calvin Klein brand.
HanesBrands Named Primary Licensee For Ohio State University Fan Apparel
HanesBrands announced an agreement with Ohio State University to serve as one of the University’s primary licensees for select fan apparel products. Ohio State’s official side-line licensee remains Nike.
Dick’s SG To Open Five Stores In February
Dick’s SG announced plans to open one Dick’s Sporting Goods store and four Warehouse Sale stores in February.
Shimano’s Earnings Climb In 2020
Shimano reported net income increased 22.5 percent in 2020 as sales grew 4.1 percent. The Japanese-based sporting goods company said the year benefited from “interest in bicycles and fishing that can avoid closed, crowded and close-contact environment boosted demand.”
Report: TaylorMade Golf Up For Sale
KPS Capital Partners has hired Morgan Stanley to explore a sale of TaylorMade, according to a New York Times report. A deal could value the company at more than $2 billion.
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.
Babolat Partners With HumanFab To Study The ‘Racquet Sports Player’
Two French companies, Babolat, the maker of racquet sports equipment, and HumanFab, a sports science firm, announced a joint collaboration to create and develop a laboratory focused on the study of “the human racquet sports player.”
Finisterre BioSmock, Climate Positive Garment, Wins Gold ISPO Outstanding Award
Eco-conscious outdoor company collaborated with biodegradable performance insulation brand to create climate-positive garment
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