Shoe Carnival, Inc. announced that it had acquired substantially all of the assets of privately-held, family-owned Shoe Station, Inc., which operates 21 stores in five Southeastern states. The Shoe Station assets were acquired for $67 million.
Author: SGB Media
Genesco’s Q3 Revenues Expand 25 Percent
Genesco Inc. reported sales net income gained 69 percent in the third quarter. Net sales increased 25 percent from last year and grew 12 percent over the third quarter two years ago. Results were well ahead of Wall Street’s targets.
Pearl Izumi Launches Limited-Edition Grateful Dead Collection
Pearl Izumi has launched its first limited-edition Grateful Dead collection, which includes jerseys, baselayers, bibs, and accessories. To create the collection, the company’s “resident Dead Head,” Taylor Eckelberger, blended the band’s “Steal Your Face” logo with a tie-dye-meets-dancing-skeletons theme. “The Grateful Dead’s impact on American music and culture really can’t be overstated,” said Pearl Izumi’s Director […]
Hibbett’s Q3 Comps Gain 13 Percent
Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street’s targets.
Tropicfeel Launches Sustainable Footwear Collection
Tropicfeel, a manufacturer of sustainably-made travel gear, announced the launch of its first eco-friendly, weatherproof Geyser shoe made with Hyosung’s 100 percent recycled fibers. Available in low and high cut styles, the shoe features a sock construction with sprint laces, is made with Hdry technology (feel dry) stretchy recycled waterproof membrane, a low impact 20 […]
Bass Pro And Sportsman’s Warehouse Call Off Merger
Great Outdoors Group, owner of the Bass Pro, Cabels’a and White River Marine Group, and Sportsman’s Warehouse Holdings Inc. have called off their merger deal, according to a regulatory filing on Thursday.
BSN Sports Acquires Illinois’ Winning Streak
BSN Sports, a division of Varsity Brands, announced that it has acquired Winning Streak, Inc. based in Dupo, IL.
Tilly’s Posts Third Consecutive Quarter Of Record Quarterly Sales And EPS
Tilly’s, Inc. reported third-quarter earnings and sales that came in well above guidance. Total comparable sales compared to the pre-pandemic third quarter of fiscal 2019 increased by 27.4 percent.
Zumiez’s Q3 Earnings Expand 5.5 Percent
Zumiez Inc. reported third-quarter earnings grew 5.5 percent as sales advanced 6.8 percent. Earnings marked a record and topped Wall Street targets.
Jordan Brand Chief Marketing Officer Exits
Sean Tresvant, most recently chief marketing officer for Nike’s Jordan Brand, has been named Global Chief Brand Officer for Taco Bell, effective January 10, 2022.
REI Announces New Chief Commercial Officer; Senior Promotions
REI Co-op announced it has hired its first chief commercial officer and is promoting two executives to new leadership positions.
Eagle Claw Fishing Tackle Announces New Plant In Cheyenne
Wyoming Governor Mark Gordon announced that the Wright & McGill Company, the owner of Eagle Claw Fishing Tackle, has purchased 60 acres in Cheyenne, WY to build a new manufacturing plant.
USA Cycling Announces New Slate Of Athlete Representatives To Its Board
USA Cycling announced the election of four new Athlete Representative members to its Board of Directors effective December 1, 2021.
MidwayUSA Appoints Internet Advertising Manager
MidwayUSA announced the promotion of Neal Lines to the position of Internet advertising manager.
Skechers Faces Activist Investor
Tremblant Capital Group, which owns 5.1 percent of Skechers, wrote to the company’s board Wednesday urging it to end its Skechers’ dual-class share structure, start an aggressive share buyback program, pay a dividend and improve its communication with investors, according to a regulatory filing.
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