Kohl’s Inc. reported better-than-expected earnings and revenue in the fourth quarter and provided an upbeat outlook for 2019. Earnings on an adjusted basis rose 17 percent on lower operating expenses and a 1 percent same-store gain.
Author: SGB Media
Academy Sports To Open New Stores In Terrell and Frisco, Texas
Academy Sports + Outdoors announced that it will be opening new stores in Terrell, TX, and Frisco, TX, this year.
Rocky Brands Announces New Share Repurchase Program
Rocky Brands Inc. announced that its board of directors has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock.
Gaia’s Q4 Revenues Climb 47 Percent
Gaia, the lifestyle media company, widened its loss in the fourth quarter despite a 47 percent hike in revenues.
Clarus Beats EPS, Revenue Estimates In Record Q4
Clarus Corp. on Monday reported fourth-quarter adjusted net income before non-cash items increased 27 percent to $5.9 million, or 19 cents per share, which beat Wall Street targets by 11 cents and was up from $4.6 million, or 15 cents per share, in the year-ago quarter.
Xenith Named Preferred Protective Equipment Provider Of Women’s Football Alliance
Xenith, the Detroit-based football equipment provider, has partnered with women’s tackle football league Women’s Football Alliance (WFA) as their preferred protective equipment provider.
FlexIt Announces Availability in Arizona, New Partnerships
FlexIt, the mobile solution that allows users to only pay for the gym time they use, on Monday announced the introduction of its app in Phoenix, AZ, and surrounding cities including Scottsdale, Glendale, Mesa and Chandler.
University Of Cincinnati Announces Apparel Partnership With Hanesbrands
University of Cincinnati, in collaboration with its exclusive trademark licensing agent, IMG College Licensing, on Monday announced an agreement with Hanesbrands Inc. to serve as the University’s primary licensee for apparel products.
Alterra Announces $181M In Capital Improvements For 2019/20 Winter Season
Denver, CO-based Alterra Mountain Co. said it will invest $181 million in capital improvements across its 14 North American mountain destinations for the upcoming year.
February M&A Roundup: Vail Resorts, Garmin, BSN Sports Make Key Moves
Vail Resorts Inc., Garmin Ltd. and BSN Sports made significant market moves in February, elevating an otherwise mundane month for mergers and acquisitions in the active lifestyle space. SGB Media’s latest M&A Roundup digs into the notable deals.
Berkshire Hathaway Sees 4.6 Percent Gain in Apparel/Footwear Sales in 2018
Berkshire Hathaway reported apparel and footwear revenues increased 4.6 percent in 2018 to $4.3 billion, primarily due to increased sales volume at Brooks Sports and Garan.
Play It Again Sport Parent Sees Flat Q4 Profits
Winmark Corp., the parent of Play It Again Sports, reported net income for the fourth quarter of $7.65 million, or $1.83 per share diluted, compared to net income of $7.64 million, or $1.86, for the same period last year.
U.S. And China Near Deal
The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs, according to multiple reports.
Skechers Mocks Nike With “Just Blew It” Ad
Skechers ran an in Sunday’s New York Times lampooning Nike’s widely-covered shoe malfunction that saw star recruit, Zion Williamson, injure his knee when a Nike model ripped apart.
Bandier Secures $34M In Funding
New York City-based Bandier, the women’s activewear retailer, has raised $34.4 million in funding. The investors included C Ventures and Eurazeo Brands, which is taking a minority stake in Bandier. Adrienne Lazarus, who formerly led
Frye and Intermix, has been hired as CEO.
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