Wolverine World Wide, Inc. reported strong sales and underlying earnings gains for the third quarter ended October 2, 2021, but slightly reduced its earnings guidance to reflect recent supply chain challenges.
Author: SGB Media
Callaway Golf’s Q3 Revenues Surge 80 Percent
Callaway Golf Co. reported sales in the third quarter jumped 80 percent to $856 million, driven by a recovery in Topgolf’s sales and supported by continued demand for golf equipment and apparel. The company raised its sales and earnings guidance for the year.
Polartec Announces 2021 Apex Design Award Winners
Polartec announced the winners of its 2021 Polartec Apex Design Awards, the annual design award program “celebrating the finest products made from Polartec fabric technologies.” The winning products were selected from entries based on the “skill and creative uses of Polartec.” This year’s Polartec Apex Awards campaign centers on “the importance of versatility and functionality […]
Nautilus Q3 Revenues Decline On Reduced Direct Sales And Shipping Constraints
Nautilus Inc. reported sales declined 11.2 percent in the second quarter due to lower Direct sales and shipping constraints but grew 124 percent on a two-year basis, driven by triple-digit gains across both Retail and Direct segments compared to 2019 levels. The fitness equipment maker showed an operating loss in the latest period due to the impact of logistic costs and investments in its JRNY platform.
Fanatics Plans $500 Million Debt Offering
Licensed sports merchandise giant Fanatics Commerce Intermediate Holdco LLC plans to issue a $500 million senior secured term loan to fund investments at its parent entity, Fanatics Holdings Inc. S&P assigned a ‘BB-‘ credit rating to the debt issuance while Moody’s assigned a Ba3 CFR rating.
Newell Brands Debt Ratings Outlook Upgraded
Moody’s Investors Service revised its debt rating outlook on Newell Brands Inc. to positive from stable due to the company’s increased priority on prioritizing reducing leverage.
Aqualung Hires Director Of North America Operations
Aqualung announced it has hired Tim Vidmar as director of North America operations for the company. He joins the company after a decade at Fox Racing.
Titan Fitness Named Official Partner Of Spartan North America
Titan Fitness has signed on as an Official Partner of Spartan North America. The fitness equipment provider also becomes Official Training Partner of the Spartan Fit App, the Official Partner of DEKA, the Official Fitness and Training Equipment Partner of Spartan North America, and the Official Partner of the Spartan Pro Team
Canada Goose Achieves Responsible Down Certification
Canada Goose announced that it has achieved certification under the Responsible Down Standard (RDS*). With this accreditation, the brand joins other Responsible Down Certified global manufacturers who embrace sustainability and animal welfare.
Stitch Introduces SL Cart Bag
Stitch Golf has expanded its golf bag line with its SL Cart Bag. “After constant requests for a cart bag, we are pleased to introduce our first ever Stitch cart bag—SL Cart Bag,” said Brad King, CEO, Stitch. “While we all enjoy walking around at a destination course, we can all agree that riding in […]
Macy’s Boosts Minimum Wage And Benefits To Workers
Macy’s said it will raise the minimum wage to $15 per hour by next May due to a tight labor market. The department store chain is also adding an education program that will cover 100 percent of tuition, books and fees.
OBIT: Alan Mossberg
On November 6, Alan Mossberg, chairman of O.F. Mossberg & Sons, Inc., passed away at his home in Tierra Verde, FL. He was 89 years old.
Remington Firearms To Locate Global Headquarters, Advanced Facility In LaGrange
Georgia Governor Brian P. Kemp announced Remington Firearms (RemArms) will locate its global headquarters and open an advanced manufacturing operation and an R&D center in LaGrange, GA.
Jack Wolfskin Appoints GM Commercial Europe
Jack Wolfskin Europe has appointed Natascha El Mahmoud, most recently as VP sales, as general manager, commercial, Europe as part of its new commercial management structure.
Gymshark Adds Tech Entrepreneur To Advisory Board
Gymshark announced that entrepreneur Gary Vaynerchuk is joining the company as an advisor to its board. This latest appointment comes as the U.K.-based fitness apparel brand is expanding its global presence.
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