Adidas announced that it would remain a global marketing partner of the NBA, the WNBA and the NBA G League.
Author: SGB Media
Compass Diversified Delivers Significant Q3 Earnings Gain
Compass Diversified (CODI) reported significant improvement in earnings in the third quarter due to a gain on its sale of Liberty Safe. Earnings, excluding the gain, grew about a third due to the 2020 acquisition of BOA and a strong performance by its branded consumer companies.
Deckers Brands Sees 16 Percent Q2 Growth On Hoka Momentum
Deckers Brands reported sales increased 15.8 percent in its fiscal second quarter ended September 30, led by a 47.0 percent gain for Hoka One One. Ugg’s sales grew 8.0 percent. The company maintained its guidance for the year.
Skechers Slightly Lowers 2021 Outlook On Q3 Miss
Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year.
Rad Power Bikes Receives $154M Investment
Rad Power Bikes, an ebike manufacturer, announced $154 million in funding from existing investors.
Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts
Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year.
ASF 4.0, First Automated Sports Footwear Factory Opens In France
The Advanced Shoe Factory 4.0 (ASF 4.0), an automated sports footwear plant, opened its first production facility in France. The Chamatex Group, a specialist in technical textiles, is managing the operation.
SIA Releases 2020/21 Winter Sports Participation Study
Snowsports Industries America (SIA) released its 2020/21 Winter Sports Participation Study* focused on skiing, snowboarding, cross-country skiing, snowshoeing, sledding, and touring.
Indiana’s McCleerey’s Sporting Goods Closes
McCleerey’s Sporting Goods in downtown Greenfield in Indiana has closed after 50 years in business, according to the Greenfield Reporter.
Nike Opening Store In Pinecrest Mall
Nike is opening a store in Pinecrest Mall in Orange Village, OH, about 15 miles from Cleveland, according to a report in Cleveland.com.
Dometic Group Completes Acquisition Of Igloo
Sweden’s Dometic Group AB has completed its acquisition of Igloo. Said Juan Vargues, president and CEO of Dometic, “This acquisition is in line with our strategy to position Dometic as a more consumer driven, less cyclical company in the fast-growing outdoor business.”
Uncharted Supply Opens First Company-Owned Store In Park City
Uncharted Supply Co., the maker of emergency preparedness gear, announced its first company-owned retail location in its hometown of Park City, UT.
Escalade’s Q3 Sales Rise Four Percent
Escalade Inc. posted quarterly revenue of $81.3 million, an increase of 4.1 percent over the prior year. Quarterly diluted earnings per share were $0.43, a decline of 39.5 percent versus Q3 2020, and an increase of 140 percent versus Q3 2019. Earnings were impacted by higher transportation expenses, raw material costs, currency exchange rates, increased wage pressure, and inventory handling costs.
NRF Predicts Highest Holiday Retail Sales On Record
Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”
Primary Arms Names Director, Business Development
Primary Arms has named Brett Stewart as director of business development.
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