Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness

Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.

Under Armour Sees 3 Percent Growth In March Quarter

Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.

Sorel And Prana Launch Limited-Edition Collection

Through collaboration, Sorel and Prana launched a limited-edition footwear and activewear collection. “Sorel and Prana prioritize combining function and style for individuals who keep on the move,” said Natalie Hayes, vice president, global marketing, Sorel. “In working with Prana, we were able to deliver a thoughtful collaboration that empowers people to move confidently while celebrating […]

United Sports Brands Acquires Pearl Izumi

United Sports Brands announced that it has acquired Pearl Izumi USA, the manufacturer of cycling apparel and accessories. Pearl Izumi will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands.

Leadership Succession At Chattanooga Shooting Supplies

Ron Staffieri, CEO of Chattanooga Shooting Supplies (CSSI), will retire on December 31, 2022. As part of a succession plan, Bill Sumner has been appointed president effective June 30, 2022, at which time he will assume leadership responsibility for the company’s daily operations.

Target Updates Leadership Team

Target Corporation announced a number of updates to its leadership team. This includes a new role for the company, focused on further differentiating the retailer’s end-to-end guest experience.

HanesBrands Sales Expand 7 Percent In First Quarter

HanesBrands, Inc. reported net sales in the first quarter increased 7 percent on a constant-currency basis with 6 percent growth for Champion on a global basis. U.S. Innerwear sales increased 1.5 percent over the prior year. Earnings and sales exceeded guidance and the company reaffirmed its guidance for the year.

Acushnet’s Q1 Revenues Gain 4 Percent

Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported sales in the first quarter ended March 31 of $606.1 million, up 4.3  percent year over year and ahead 7.6  percent in constant currency. First-quarter net income reached $81.0 million, down 4.7  percent year over year.