Solo Brands, Inc. announced that Chief Financial Officer Sam Simmons would begin transitioning from Solo Brands this year. Simmons will remain in the role until a successor is named and then support the transition.
Category: Apparel
Reports: Amazon And Nike Exploring Bids For Peloton
Amazon and Nike are reportedly exploring separate bids for Peloton, the beleaguered leader in internet-connected at-home bikes and treadmills. Peloton’s shares were trading up more than 30 percent in after-hours trading.
Nike Becomes Equity Investor In The WNBA
Nike, Inc. announced it had become an equity investor in the WNBA (Women’s National Basketball Association), following its 25-year commitment to the league. The WNBA overall raised $75 million from investors.
USA Surfing Names Interim CEO
USA Surfing appointed Brandon Lowery as interim CEO, replacing Greg Cruse.
Costco Appoints President And COO
Costco has named Ron Vachris as president and chief operating officer, according to a regulatory filing He has also joined Costco’s Board of Directors.
Salt Life Opens Store In Sarasota
Delta Apparel, Inc. announced it had opened a retail store for its Salt Life brand in Sarasota, FL. The store marks the company’s ninth in the state and fifteenth in the country.
Kohl’s Takes ‘Poison Pill’ To Thwart Hostile Takeover
Kohl’s said recent takeover offers undervalue its business in light of future growth and cash flow generation, following a review by independent financial advisors. The retailer also has adopted a shareholder rights plan, otherwise known as a “poison pill,” in order to avert a hostile takeover. The plan is effective immediately and expires in February 2023.
Johnson Outdoors Reports 7 Percent Q1 Revenue Decline
Johnson Outdoors reported sales in the fiscal first quarter ending December 31 declined 7 percent to $153.5 million compared to the prior year’s record-high first fiscal quarter. The quarter’s net sales are 20 percent above the pre-pandemic December 2019 quarter’s net sales.
Asics Ventures Invests In Real-Time Sports Analysis Applications
Asics Corporation announced that its investment subsidiary, Asics Ventures Corp., has invested in Edge Limited (RUN.EDGE), a provider of real-time sports video analysis applications, including FL-UX, Pitchbase and Taguru.
Arc’teryx Names Chief Financial Officer
Arc’teryx announced that Chris Tham was appointed its Chief Financial Officer, a newly-created role, reporting to CEO Stuart Haselden, effective February 21.
Columbia Sportswear’s Q4 Earnings Run Past Wall Street Targets
Columbia Sportswear Company reported fourth-quarter earnings came in far ahead of Wall Street’s estimates. Sales grew 23 percent to finish the full year ahead 25 percent. Columbia officials predicted sales growth for 2022 in the range of 16 to 18 percent and its board approved a 15 percent dividend increase.
Bouldering Project Acquires Three Brooklyn Boulders Gyms
Bouldering Project, based in Seattle, WA, has acquired three gym spaces in Brooklyn, Boston and D.C., formerly run by Brooklyn Boulders.
Reebok’s Global Creative Director To Exit
Kerby Jean-Raymond, the Pyer Moss founder and vice president of creative direction for Reebok, announced he is leaving the company effective March 1.
HanesBrands’ Q4 Growth Led By Champion, Raises 2024 Full Potential Financial Targets
HanesBrands Inc. reported earnings rose 5.4 in the fourth quarter. Sales grew 4 percent and gained 9 percent on a constant currency basis excluding PPE and 53rd-week sales in 2020. Sales and EPS were in line with Wall Street targets. Global Champion brand sales increased 10 percent over the prior year and 25 percent over fourth- quarter 2019. HanesBrands raised its 2024 Full Potential financial targets.
The Buckle’s January Comps Grow 4 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 29, 2022 increased 4.2 percent from comparable store net sales for the 4-week period ended January 30, 2021.
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