USPTA announced a multi-year endorsement with Tennis Warehouse as the “Official Footwear and Apparel Supplier” of the USPTA starting December 1, 2021.
Author: SGB Media
Oprah Winfrey, Reese Witherspoon Invest In Spanx
Oprah Winfrey, Reese Witherspoon and Bumble Inc. founder Whitney Wolfe Herd have joined funds manager Blackstone in investing in Spanx, Inc. The investment values the women’s shapewear brand at $1.2 billion.
StockX Acquires Inventory Management Tool, Scout
StockX has acquired the inventory management specialist, Scout. The sneaker resale platform’s first acquisition is expected to further streamline the selling experience on StockX and help customers grow and scale their operations.
Kitzuma Cycling Logistics Adds LeMond, Alchemy And Eminent
Kitzuma Cycling Logistics is adding three more bike manufacturers to the growing list of brands employing their bike-delivery service: LeMond Bicycles, Alchemy Bikes and Eminent Cycles.
Tilly’s Declares Special Dividend
Tilly’s Inc. announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31 million in the aggregate, on the company’s outstanding Class A and Class B common stock.
GU Energy Labs Announces Leadership Change
GU Energy Labs has promoted Magdalena Boulet to President.
Nike Partners With Roblox On Virtual World
Nike announced a partnership with Roblox to create a virtual world called NIKELAND. Users will be able to dress up their avatars in Nike-branded footwear and apparel.
The Buckle’s Q3 Earnings Climb 49.5 Percent
The Buckle Inc. announced that net income for the fiscal quarter ended October 30, 2021 was $62.2 million, or $1.26 per share on a diluted basis, compared with net income of $41.6 million, or 85 cents, for the third quarter of fiscal 2020.
Athleta Opens Second Canadian Store In Toronto
Athleta, part of San Francisco-based Gap Inc., opened a new 4,800-square-foot retail store at Yorkdale Shopping Centre in Toronto.
Callaway Golf’s and Topgolf’s Debt Ratings Upgraded
S&P Global Ratings revised its debt outlook to stable from negative on Callaway and Topgolf. At the same time, the ratings agency affirmed its ‘B’ issuer credit rating on Callaway and its ‘B-‘ issuer credit rating on Topgolf.
La Sportiva Appoints Financial Director And National Sales Manager
La Sportiva announced the hiring of Nat Matthews as financial director and Darrin Young as national sales manager.
Nike Announces 11 Percent Increase In Quarterly Dividend
Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent.
Foot Locker’s Q3 Same-Store Sales Climb 2.2 Percent
Foot Locker, Inc. reported third-quarter earnings were sharply above year-ago levels and Wall Street targets due to strong gross margin improvement and a 2.2 percent gain in same-store sales. The sneaker juggernaut cautioned that supply chain disruptions would likely persist throughout the fourth quarter.
FDRA Q4 Exec Survey Finds Supply Chain Concerns
FDRA’s Q4 Survey of the top 100 shoe executives shows supply chain challenges and trade policy are causing a direct drag on future retail sales forecasts.
Tedder Industries Names Chief Executive Officer
Tedder Industries announced that Shawn Hostetter has joined the Tedder family of brands as CEO. Hostetter comes to the company from Katadyn North America where he served as its president since 2011.
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