S&P Global Ratings raised its debt ratings on Amer Sports on its expectations that the sporting goods giant would report a “resilient” operating performance in 2021 with estimated €2.5 billion revenue, up 7 percent to 8 percent above pre-pandemic levels.
Author: SGB Media
Nautilus Sales Drop 22 Percent In December Quarter
Nautilus, Inc. posted a net loss in the third quarter ended December 31 as sales fell 21.7 percent excluding sales related to the sold Octane brand. Sales were up 63 percent against the 2019 third quarter.
Recall: Petzl Lanyards With Carabiners
About 230 Scorpio Eashook lanyards with carabiners from Petzl are being recalled.
Recall: Escalade Tennis Tables
About 5,200 tennis tables from Escalade Sports, sold exclusively at Target, are being recalled.
PVH Corp. Appoints CFO
PVH Corp. announced the appointment of Zac Coughlin as executive vice president and chief financial officer effective April 4, 2022. Coughlin joins PVH from DFS Group Limited, a subsidiary of LVMH Group.
Thule’s Q4 Profits Hit By Rising Material And Freight Costs
Thule Inc. reported sales in the fourth quarter rose 15.0 percent, but operating profits declined 21.2 percent due to rising raw material and supply chain costs. Earnings grew in the year as sales jumped 33 percent.
Congested U.S. Ports Should See Slight Reprieve In First Half Of 2022
Imports at the nation’s congested container ports are expected to grow modestly during the first half of 2022, but continued high volume will keep up the pressure that built as the economy bounced back from the pandemic last year, according to the monthly Global Port Tracker report released by the National Retail Federation.
Enviolo Acquired By PE Firm
London-based private equity group Inflexion has signed a definitive agreement to acquire Enviolo Inc., the maker of stepless gear drivetrain components used primarily on e-bikes.
Kinona Announces New Hires And New Retail Partnerships
Kinona announced it has hired Kirsten Wlaschin as director of e-commerce and Bill Evans as national sales manager. The golf apparel company also announced a new retail expansion into Nordstrom.com and Dillard’s.
Gordini Introduces Thindown Gloves For F22
Gordini announced a partnership with Thindown by NIPI (Natural Insulation Products Inc.) to bring its patented down fabric insulation to gloves. A responsible and ethical alternative that outperforms other insulations, including traditional loose down, Thindown is featured in eight new Gordini styles for Fall 2022. The brand also expanded on its product offerings using its […]
Kinsey’s Appoints Director Of Dealer Sales
Kinsey’s recently hired Phillip Dixon as its new director of dealer sales. With the current growth in archery and recent expansion into Federal Firearms License (FFL) distribution, the appointment will help support Kinsey’s growing customer base.
Artilect Expands Technical Apparel System For F/W 2022
Artilect introduced its FW22 collection, available August 2022, for men and women, expanding its A/SYS (ArtilectSystems) approach to include three categories – Insulayer, Vaporlayer, and Missionlayer. The new A/SYS categories build on the foundation of the brand’s collection of Nuyarn-powered merino Baselayer (A/SYS-1) and Nextlayer (A/SYS-2), introduced worldwide last year. Artilect Systems (A/SYS) DNA offers […]
Alchemy Bikes Partners With Beeline Connect
Alchemy Bikes announced it expanded its relationship with Beeline Connect. The deal will improve service options on its direct-to-rider bikes and bike shops and create a nationwide network of certified service centers trained to work on Alchemy bikes. “It is a natural addition to Beeline Connect’s fulfillment program that Alchemy has been using for the […]
Gnarly Nutrition Adds Ultrarunner Dylan Bowman To Athlete Team
Gnarly Nutrition announced it signed ultrarunner Dylan Bowman to its athlete team. “I’m excited to join the Gnarly Nutrition team and am glad they had the vision to create such a unique partnership,” said Bowman. “Not only is Gnarly supporting me as an athlete, but they’ll also be a critical sponsor for the Freetrail Podcast […]
Shimano’s Sales Climb 45 Percent In 2021
Shimano Inc. reported sales in 2021 increased 44.6 percent from the previous year with operating income climbing 79 percent.
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