Columbia Sportswear Company saw fourth quarter net sales grow 4 percent, or 8 percent on a constant-currency basis, to $1.17 billion from $1.13 billion for the comparable period in 2021. Net income decreased 20 percent to $125.7 million, or $2.02 per diluted share.
Author: SGB Media
Varsity Brands Amends And Extends Credit Facility
Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, plans to extend the maturity on its $1.33 billion senior secured first lien term loan by two years to December 2026, according to Moody’s. Moody’s assigned a B2 rating to the debt.
Origin Taps Under Armour Co-Founder As Strategic Advisor
Origin has tapped Under Armour Co-Founder Kip Fulks as a full-time strategic advisor and partner.
Kohl’s Appoints Kingsbury CEO
The Kohl’s Corporation’s board of directors has unanimously appointed Tom Kingsbury as Chief Executive Officer, effective immediately.
Daniel Defense Names New CEO
Daniel Defense, the manufacturer of firearms and accessories, reported that Rod Reasen will assume the role of chief executive officer. He will report directly to founder, owner and chairman of the board, Marty Daniel.
Johnson Outdoors Sees Weaker Fiscal Q4 Margins On Stronger Sales
Johnson Outdoors, Inc. is reporting higher sales and decreased earnings results for the company’s first fiscal quarter ending December 30, 2022.
Adidas Launches New Label, Sportswear With Actress Jenna Ortega
Adidas’ first new label in five decades, Adidas Sportswear, will launch worldwide on February 9 in stores, online and via the Adidas app, with early access from February 2. Following actress Jenna Ortega joining its global family, Adidas also announced Ortega as the face of the new label, its SS23 collection, and its “All That You […]
Royal Robbins Uses Lower Impact Sustainability Practices For Spring 2023 Collection
Royal Robbins announced lower-impact practices for the production of its Spring 2023 collection that supports the brand’s climate goals by 2025. Sixty-two percent of its Spring 2023 garments are made with materials that contain 50 percent or lower impact fibers, including preferred cotton, recycled polyester, certified forest materials, hemp, and preferred wool; Royal Robbins reduced […]
Deckers Brands Lifts Outlook As Hoka’s Q3 Revenues Surge Over 90 Percent
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Columbia Sees Q4 Net Income Fall 20 Percent Despite Solid Sales Growth
Columbia Sportswear Company reported that fourth-quarter net sales increased 4 percent (8 percent constant-currency) to $1.17 billion from $1.13 billion for the comparable period in 2021.
Skechers Posts Double-Digit Q4 Sales Growth
Skechers U.S.A. Inc. reported a modest gain in earnings in the fourth quarter ended December 31 on an adjusted basis as sales grew 13.5 percent. Both earnings and sales exceeded Wall Street’s estimates and Skechers predicted growth in the range of 4 percent to 8 percent for the current year.
Life Time To Launch Little Sugar MTB Event
Life Time, the producer of 30 athletic events for the Active Outdoor Industry, will launch its Little Sugar MTB presented by Mazda mountain bike event on October 15 in Northwest Arkansas. The weekend before, Life Time will hold its Big Sugar Gravel presented by Mazda, setting the stage for a week-long Big Sugar Classic Cycling […]
Crate & Barrel Taps 20-Year Nike Vet For COO Role
Crate & Barrel Holdings, Inc. hired Mike Brewer as chief operating officer. He brings a broad range of experience, including 20 years working at Nike, Inc.
Yniq Eyewear Appoints New CEO
Yniq has named Moss Bemis as CEO. He comes to the eyewear brand with a decade of leadership at Canada Goose, where he held leadership roles in both commercial and merchandising teams.
Fanatics To Launch Livestream Shopping Experience In 2023
Fanatics is moving into Livestream shopping centered around collectibles and trading cards through a new venture—Fanatics Live. Nick Bell, the former Snap and Alphabet (Google) executive will lead the division.
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