Under Armour Inc. announced that its Board of Directors has authorized the repurchase of up to $500 million of Under Armour’s outstanding Class C common stock, effective immediately.
Category: Apparel
Gildan Activewear’s Q4 Revenues Climb 14 Percent
Gildan Activewear Inc. reported sales grew 14 percent in the fourth quarter and 46 percent in the fiscal year ended January 2. Adjusted EPS also improved significantly in both periods and the basics and activewear provided a three-year financial outlook.
Sportsman’s Warehouse Appoints VP Supply Chain/Omnichannel Operations
Sportsman’s Warehouse Holdings, Inc. announced the appointment of Tom Clement as vice president, supply chain/omnichannel operations. In this newly created role, Clement will lead the distribution, transportation, planning/allocation, and omnichannel operations for Sportsman’s Warehouse.
TJX’s Q4 Results Miss Wall Street Targets
TJX Cos. reported earnings came in well above year-ago levels in the fourth quarter as sales grew 27 percent but results trailed Wall Street’s consensus estimates.
Camping World’s Q4 Sales Expand 24 Percent
Profits at Camping World Holdings Inc. rose 47 percent in the fourth quarter ended December 31 on a 22 percent revenue gain.
Wolverine Worldwide’s Sales Jump 25 Percent In Fourth Quarter
Wolverine Worldwide reported adjusted earnings in the fourth quarter nearly doubled as sales grew 25 percent. Results were slightly ahead of Wall Street targets. Sales grew 35 percent for 2021 and are expected to expand in the range of 15 to 18 percent in the current year.
Puma Scores Record-Breaking Year In 2021
Puma’s fourth-quarter sales climbed 14 percent on a currency-adjusted basis as operating profits showed a slight gain, capping off a year that delivered the highest sales and EBIT (earnings before interest and taxes) in the company history. Puma’s currency-adjusted sales grew 32 percent for the year, and the brand expected at least 10 percent growth in 2022.
Naboso Appoints Director Of Sales
Naboso, the maker of recovery products, announced the addition of Brian Roberts as director of sales. Most recently, Roberts was the national sales manager at Altra Running.
Brooks Surpasses $1 Billion In Revenue
Brooks Running reported that it set new records in 2021, ending the year with global revenue exceeding $1.11 billion, an increase of 31 percent year-over-year. This result marks the first time the running brand has reached $1 billion in annual revenue.
Dillard’s Sees 37 Percent Jump In Q4 Same-Store Sales
Dillard’s, Inc. reported earnings grew nearly five-fold in the fourth quarter ended January 29 as sales jumped 37 percent. Both earnings and sales topped Wall Street targets.
Macy’s Fourth Quarter Results Exceed Expectations
Macy’s Inc. reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround plans.
Wish Unveils Shoppable Video Feature
Wish, the mobile e-commerce platform, announced the rollout of Wish Clips, its shoppable video feature.
JD Sports Raises Full Year Profit Outlook
JD Sports Fashion Plc said that total same-store profits for the twenty-two weeks to January 1 were more than 10 percent ahead of the same period in 2020 with equally positive performance across the Black Friday and Christmas period.
Nike To Return To Beaverton Headquarters On May 2
Nike announced a “phased return” to U.S. offices, with most workers required back by May 3.
Camping World Collaborates With Eddie Bauer
Camping World Holdings, Inc. announced a partnership with Authentic Brands Group (ABG) to launch a line of towable and motorized RVs under the Eddie Bauer name, as well as expand Eddie Bauer assortments across its store base and online.
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