Academy Sports + Outdoors raised its guidance for the year after reporting first-quarter earnings that came in well above Wall Street estimates. The 38.9 percent same-store gain was driven by continued double-digit consumer demand across all product categories, notably in Apparel, Footwear and Team Sports.
Author: SGB Media
Maven Acquires The Spun And Raises $20 Million In Equity
Maven announced that it had acquired The Spun, a digital and social sports brand. The addition of the company to Maven’s lineup of sports properties, anchored by Sports Illustrated, operated under a license from Authentic Brands Group (ABG), boosts its vertical readership to more than 50 million per month, according to Google Analytics.
Decathlon U.S.A. Announces New CEO
Decathlon announced the appointment of Christian Ollier as CEO of Decathlon U.S.A., allowing prior CEO, Michel D’Humières, to move on to other projects within the company.
Balega’s Founders To Step Down
Implus LLC announced that Balega International founders Tanya and Bert Pictor will be stepping away from the day-to-day business. As part of the succession plan currently in process, Jenna Campbell has been tapped to lead the performance hosiery category and the Balega brand as VP category and brand development for performance hosiery.
CCM Hockey Appoints CEO
CCM Hockey appointed Marrouane Nabih as chief executive officer. Since joining the company in 2019 as CFO, Nabih has contributed to all aspects of its business and played a critical role in shepherding CCM through the pandemic.
Wolverine Worldwide Expects Second Quarter 2021 Revenue To Exceed Second Quarter 2019
Wolverine World Wide Inc. said it expects second-quarter 2021 revenue to exceed 2019 levels due to better-than-expected trends across nearly all brands in the portfolio, led by Merrell, Saucony and Sperry.
Vail Resorts Reports Healthy Pass Sales Results For Upcoming Ski Season
Vail Resorts Inc. reported improved results in its third quarter ended April 1 as the year ago was impacted by widespread resort closures. The company reported favorable trends in season pass sales to date driven, in part, by its reducing all pass prices for the upcoming season by 20 percent.
Caleres Appoints Chief Marketing Officer
Caleres has appointed Jennifer Olsen as chief marketing officer. Olsen was most recently the CMO of UNTUCKit.
Etsy To Acquire Fashion Resale Marketplace Depop
Etsy Inc. has signed a definitive agreement to acquire Depop, a privately-held marketplace for fashion for $1.625 billion. Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London and operate as a standalone marketplace run by its existing leadership team.
IHRSA, ChinaFit Reveal Strategic Membership Licensing Agreement
Following an 11-year partnership, IHRSA and ChinaFit announced a strategic membership licensing agreement to expand IHRSA’s services through China.
Topgolf To Open Location In North Charleston
Topgolf Entertainment Group announced it has officially kicked off the development of its latest venue in North Charleston. This will be the company’s third site in South Carolina.
Genesco Issues Letter To Shareholders Ahead Of Annual Meeting
Genesco Inc. filed its proxy materials with the Securities and Exchange Commission in connection with the company’s Annual Meeting of Shareholders that included a letter urging shareholders to vote for its Board’s nominated slate of directors. The move comes as the retailer faces a proxy fight against an activist investor.
G-III Apparel’s Q1 Exceeds Expectations
G-III Apparel Group reported earnings in the first quarter that topped internal targets as sales grew 28.3 percent. Morris Goldfarb, CEO, said, “With each passing week, sales for broader lifestyle apparel, such as sportswear, wear-to-work attire and dresses, are accelerating.”
Gap Inc.’s Debt Ratings Outlook Raised To Stable
Moody’s Inc. raised its outlook on the debt ratings of Gap Inc. to stable from negative to reflect the significant improvement in its operations as it recovers from the impact of the pandemic.
Second Run Show USA To Take Place in Chicago
Raccoon Events announced its second Run Show USA venue had been confirmed for June 4-5 2022, at the Donald E. Stephens Convention & Conference Center in Chicago. This is following the launch of its Run Show USA in Boston.
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