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GOAT Acquires Flight Club
GOAT, the world’s leading digital sneaker marketplace, announced a merger with sneaker consignment pioneer Flight Club. The merger brings together two leading brands in the sneaker space. Along with the merger, GOAT and Flight Club announced a new funding round of $60 million led by Index Ventures.
Canada Goose’s Sales Jump 27 Percent In Q3
Canada Goose Holdings Inc. reported profits in the third quarter ended December 31 climbed 60.9 percent as sales grew 27.2 percent.
HanesBrands Revenues Climb 4 Percent in Q4
HanesBrands reported fourth-quarter net sales increased 4 percent to $1.645 billion. Organic sales, which exclude acquisitions under a year old, increased 2 percent in constant currency in the fourth quarter, the second consecutive quarter of organic growth. Champion sales were up 15 percent.
Vista Outdoor Q3 Profitability Slides Before Special Items
Vista Outdoor Inc. reported earnings before special items fell in the third quarter ended December 31 as sales slid 11 percent.
Amer Sports Sees 4 Percent Q4 Revenue Growth
Amer Sports reported operating earnings in the fourth quarter before special items rose 13.9 percent as revenues grew 9.0 percent on a currency-neutral basis. The gains were led by the Fitness segment, up 12 percent, and Outdoor, 11 percent. Ball Sports inched up 1 percent.
Mizuno Sees Profits Rebound In Nine Months
Mizuno Corp. reported a significant improvement in earnings in the nine months ended December 31 with the help of lower operating expenses and improved margins. Sales dipped 1.6 percent with sales in the Americas region off 9.8 percent.
Off Broadway Shoe Warehouse Launches Puma Shop
Off Broadway Shoe Warehouse has launched the Puma Shop – a concept that is exclusively available at the footwear retailer’s Los Angeles location.
Puma Partners With Senegal Football
Puma and the Senegalese Football Association mutually announced a long-term agreement that will see the “Lions of Teranga” outfitted in the Puma brand beyond the 2018 FIFA World Cup in Russia.
Boys & Girls Clubs of America Announces ‘Girls Day for Sports’
Boys & Girls Clubs of America Announces ‘Girls Day for Sports’.
Dick’s Seen Benefiting From Eagles Win And Bat Regulation Changes
J.P. Morgan reiterated its “Overweight” rating on Dick’s Sporting Goods as it expects a “near-term comp” benefit from the Philadelphia Eagle’s Super Bowl win and an equal benefit from new Little League bat regulation.
Garmin And Navico Resolve Patent Disputes
Garmin International, Inc., a unit of Garmin Ltd. and Navico, parent company to the Lowrance, Simrad and B&G brands, announced that they have ended a three-year-long dispute relating to sonar and auto guidance patents.
Callaway Golf’s Q4 Revenues Climb 17 Percent
Callaway Golf Company reported slightly widened its loss in the fourth quarter but it was better than the company’s guidance. Sales expanded 17 percent due to continued success of the EPIC driver and fairway woods and the acquisitions of OGIO and TravisMathew.
Zumiez’s January Comps Climb 6.3 Percent
Zumiez said it now expects fourth quarter earnings to arrive toward the high-end of it most recent guidance due to robust January comps.
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