Gildan Activewear has amended and restated its $1 billion, 5-year revolving credit facility to incorporate sustainability-linked terms that adjust the borrowing costs based on the company’s performance on ESG goals.
Author: SGB Media
Wicked North Acquires Big 8 Products
Hunting manufacturer and lifestyle brand Wicked North Gear (dba Wicked North) announced it completed the acquisition of DIY taxidermy manufacturer, Big 8 Products.
Academy Sports’ Q4 Comps Expand 13 Percent
Academy Sports + Outdoors reported comparable stores jumped 13.1 percent in the fourth quarter and 18.9 percent in the year ended January 29. Adjusted earnings in the quarter grew 40.9 percent, exceeding Wall Street targets. Academy predicted sales in the current year would decline 1.6 percent at the mid-point of its range but be up 38.0 percent versus the pre-pandemic 2019 period.
Solo Brands Sees Sales Surge In Fourth Quarter
Solo Brands, Inc. reported sale surged 164 percent in the fourth quater and 202.6 percent in the year.
Thor Industries Makes Change To Global Innovation Leadership
Thor Industries, Inc. has hired McKay Featherstone, currently Airstream’s vice president of product development and engineering, as its senior vice president of global innovation, effective May 1, 2022.
NPD Tracker: Retail Continues To See Spending On Activities Rises
U.S. consumers have started to spend on in-person experiences again, but the pull-back on general merchandise retail spending that is expected to coincide with it has not yet materialized. Experiential spending reached 91 percent of 2019 levels, as of the end of 2021, but general merchandise retail spending remained elevated at 19 percent above pre-pandemic levels, according to The NPD Group.
Fanatics Partners With WWE
The WWE signed a long-term merchandising deal with Fanatics. The deal includes official WWE NFTs, offered through Fanatics’ Candy Digital division, trading cards, which will operate through Topps, which Fanatics acquired from former Disney CEO Michael Eisner earlier in 2022. It also includes physical and digital licensed merchandise, with Fanatics launching a WWE shop this summer.
Superfeet Partners With Red Wing Shoes On Footbed Line
Superfeet has partnered with Red Wing Shoes to create a collection of footbeds made explicitly for its performance work boots. As part of the newly released Red Wing Ultimate Fit Experience available in all Red Wing stores, the footbed collection complements its work boots, socks and aftercare system with off-the-shelf and 3D customized footbed options to combat […]
FDRA Launches The Footwear Trade Show Council
The Footwear Distributors & Retailers of America (FDRA) has created the Footwear Trade Show Council (FTSC). Its purpose is to align industry trade shows into one collaborative alliance to share information, best practices and industry dates.
Delta Apparel Launches ‘On-Demand’ Digital First Solution
Delta Apparel, Inc. announced the expansion of its digital print business using newly installed digital print technology in collaboration with Fanatics.
Vail Resorts To Acquire Majority Stake In And Operate Andermatt-Sedrun Sport
Vail Resorts, Inc. announced that it has entered into an agreement to purchase a majority stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG (ASA), marking the company’s first investment in, and opportunity to operate, a ski resort in Europe.
ALPS Brands Partners With Everest.com
Everest.com, the outdoor marketplace, announced it is partnering with ALPS Brands. Everest.com will house four storefronts on its site—ALPS OutdoorZ, ALPS Mountaineering, Cedar Ridge, and Browning Camping & Hunting Blinds.
The Pro’s Closet Adds Two Leadership Hires
The Pro’s Closet, the online seller of used bikes, announced that Kaitlin Cameron has joined the company as its new chief marketing officer and Paul Calandrella as its vice president of strategic initiatives.
PXG Opens Second Chicago Store
PXG announced the grand opening of its second retail store in Chicago’s Westside neighborhood
Vista Outdoor’s Debt Ratings Upgraded
S&P Global Ratings upgraded Vista Outdoor Inc.’s debt ratings. The rating agency said Vista Outdoor’s operating performance through December 2021 was stronger than originally projected due to robust demand for its ammunition business and favorable trends for outdoor products.
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