HanesBrands announced that Vanessa LeFebvre was appointed president of global activewear. In this role, LeFebvre will drive global Champion brand growth focused on innovation, key markets and new channels.
Author: SGB Media
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.
Crocs Reports First Quarter Revenue Growth Of 44 percent
Crocs, Inc. reported that first-quarter revenues jumped 43.5 percent due to the Hey Dude brand acquisition and 18.5 percent growth for the Crocs brand. The company raised its outlook for the year.
Vista Outdoor’s Q4 Profits Double On 36 Percent Revenue Gain
Vista Outdoor reported earnings on an adjusted basis doubled in the fiscal fourth quarter ended March 31 as sales grew 36 percent. Sales grew 56 percent in the Sporting Products segment due to strong demand, increased volume from the Remington acquisition and favorable pricing and mix. Outdoor Products segment sales grew 15 percent, by double-digit growth across Outdoor Recreation.
Vista To Split Into Separate Outdoor And Sporting Companies
Vista Outdoor, Inc. announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. Following separation, Chris Metz will be appointed CEO of Outdoor Products while Jason Vanderbrink will be appointed CEO of Sporting Products.
Sturm, Ruger’s Q1 Sales Drop 10 Percent
Sturm, Ruger & Company Inc. reported earnings declined 20.8 percent in the first quarter as sales were down 9.7 percent. The decline was attributed to decreased consumer demand for firearms from the “unprecedented levels of the surge that began in 2020 and remained for most of 2021.”
Veteran Sales Agencies Form Sierra Outdoor Collective
Level8Sales merged its sales rep agency with Pacific Crest Trading and Endless Adventure Sales to form the Sierra Outdoor Collective serving the Southwest region.
Carhartt Opens First Retail Store In Nashville
Carhartt has opened a retail storefront located at 5019 Broadway Place, Space A-1075 in Nashville, TN. The 4,000-square-foot space features Carhartt-branded products for men, women and kids, including footwear and accessories.
Topgolf Plans Venue For Little Rock
Topgolf Entertainment Group has laid out a plan to develop a Topgolf venue in Little Rock, AR. This would be its second site in the state. It also has a location in Rogers, AK.
Boot Barn To Open First Store In New Jersey
Boot Barn has signed a lease on a 14,354-square-foot store at Union Lake Crossing in Millville, NJ.
Authentic Brands Group Partners With Macy’s For Reebok Apparel
Authentic Brands Group announced a partnership with Macy’s for Reebok sportswear and activewear for men’s, women’s and kids apparel.
Outerstuff’s Debt Ratings Outlook Lowered
Moody’s Investors Service changed Outerstuff LLC’s outlook to negative from positive. Concurrently, Moody’s affirmed the company’s Caa2 corporate family rating (CFR), Caa2-PD probability of default rating (PDR) and Caa3 senior secured term loan rating.
NICS Firearms Background Checks Slide In April
The April 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) slipped 19.7 percent to 1.36 million compared to the April 2021 NSSF-adjusted NICS figure of 1.69 million.
TeamSnap Announces Two Appoints
TeamSnap announced that Mark Salloom has joined the company as chief financial officer. The company also announced the promotion of Sheila Repeta to vice president of people.
Helen Of Troy Adds Two Board Members
Helen of Troy, Ltd. announced the appointment of Tabata Gomez and Elena Otero to its Board of Directors, effective May 3, 2022.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal