Puma signed 17-year-old prep phenom Mikey Williams to an endorsement deal, making him the first American high school basketball player to sign a sneaker deal with a global footwear company.
Author: SGB Media
Newell Brands Sees Modest Q3 Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $391 million in the third quarter compared with $383 million in the prior-year period, primarily reflecting core sales growth of 1.7 percent and the impact of favorable foreign exchange. Net sales exceeded the 2019 level.
Solo Brands Sees Strong IPO Debut
Solo Brands Inc., the parent of Solo Stove, Chubbies, Oru Kayak, and Isle paddleboard brands, raised $219.4 million in its initial public offering and saw a strong debut on its first day of trading.
Fanatics And IOC Partner On Global Online Store
Fanatics and the International Olympic Committee (IOC) announced a new partnership to launch its first global e-commerce platform and Olympic store to support the upcoming Paris Games in 2024, Milano Cortina Games in 2026 and LA Games in 2028.
Certor Sports Appoints CEO, Prepares For New Headquarters
Certor Sports appointed Jim Heidenreich as CEO. The parent of Adams USA, Hollywood Bases, ProGear, Schutt Sports, Tucci, and VICIS, also announced plans to move its global headquarters to Plainfield, IN.
Gordini Expands Ambassador Athlete Team
Gordini, maker of cold-weather gear for 65 years, announced it has expanded its ambassador athlete team with the addition of Gabby Palko and Robin Van Gyn. Palko, shown below, top, a skier, sailor and environmentalist, calls Valdez, AK home; while 2021 Natural Selection Tour Winner Van Gyn, shown below, bottom, splits her time snowboarding and […]
Lolë Introduces Men’s Collection For FW21/22
Lolë released its men’s collection for FW22/23. A maker of athletic women’s apparel, Lolë has expanded its offering for men with this collection. The line’s features include the use of recycled fibers, responsibly sourced and traceable down and water-repellent fabric with windproof protection. “This new high-performance men’s collection is designed to take on the […]
Adidas Renews NBA Marketing Partnership
Adidas announced that it would remain a global marketing partner of the NBA, the WNBA and the NBA G League.
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.
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