Leatt Corp. reported second-quarter revenues of $14.3 million, up 106 percent, compared to the 2020 second quarter. Net income reached $2.4 million, or 44 cents, up 257 percent year over year.
Author: SGB Media
New Yamaha Marine Propeller Facility Reaches Full Capacity
The new Yamaha Marine Precision Propeller (YPPI) facility in Greenfield, IN has reached full production capacity, said the brand. The advanced casting facility and foundry use robotics to reduce lead times and increase production by “more than 67 percent” allowing YPPI to deliver “more than 100,000 propellers” to customers annually.
Adidas Sells Reebok To Authentic Brands For $2.5 Billion
Adidas reached a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to €2.1 billion, or about $2.5 billion.
Patagonia To Open First Store In Brooklyn
Patagonia is planning to open its first store in Brooklyn 70 North 6th Street in Williamsburg, according to Commercial Observer.
Delta Galil Sees 86 Percent Q2 Gain
Delta Galil Industries Ltd. reported a profit against a loss in the second quarter ended June 30. Revenues for the Israeli-based maker of underwear, leisurewear and activewear jumped 68 percent.
Dillard’s Q2 Revenues Surge 72 percent
Dillard’s Inc. reported a strong rebound in earnings in the second quarter ended July 31 as sales grew 72 percent.
SportChek’s Same-Store Sales Climb 28.6 Percent In Second Quarter
Canadian Tire Corporation Ltd. reported comparable-store sales at SportChek improved 28.6 percent year-over-year in the second quarter ended July 3. Compared to 2019, comparable sales were up 5.1 percent at SportChek. Helly Hansen’s external revenue was $100.6 million, up 45.9 percent year over year.
Wolverine Worldwide Offers $550 Million Of Senior Notes
Wolverine World Wide Inc. announced that it is offering a $550 million aggregate principal amount of senior notes due 2029. Proceeds will be used to repay other notes.
Huk Partners With NBA’s Keon Johnson
Huk announced its partnership with NBA’s Keon Johnson. Together they will look to “elevate Huk’s apparel line with Keon’s growing fan base through this winning combination,” said the brand. “Huk is incredibly proud to work with Keon. His dedication as an elite basketball player and his passion for fishing are both indicative of his work ethic, […]
HanesBrands Announces New Head Of U.S. Champion Brand
HanesBrands announced that Maria Teza has been promoted to senior vice president of the Champion brand in the United States, effective September 1, 2021.
Rocky Brands Increases Quarterly Dividend
Rocky Brands Inc. announced that its board of directors has approved a $0.015 increase, or an approximately 10.7 percent increase.
5.11 Confidentially Files For IPO
5.11, which is owned by Compass Diversified, announced that it confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.
Jordan Footwear VP To Retire
Gentry Humphrey has announced his retirement from Nike Inc., according to a Complex report. He most recently served as the VP of Footwear for the Jordan Brand and has been with Nike since 1994.
NSGA Adds Speakers To Conference
Golf analyst Gary McCord and Hall of Fame speaker Ross Bernstein will be among the speakers at the National Sporting Goods Association (NSGA) Management Conference & Team Dealer Summit on September 26-28 at the Ritz-Carlton Golf Resort in Naples, FL.
Rapha Closes Custom Apparel Division
Rapha is closing its custom apparel program after three years, according to a report on CyclingTips.com.
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