Clarus reported adjusted net income grew 55 percent as sales grew 56 percent sales gain. Sales grew 68 percent in 2021 and are expected to climb 25 percent in 2022. Sales in the fourth quarter grew 17 percent in the Outdoor segment (Black Diamond) and 37 percent in the Precision Sport segment (Sierra, Barnes).
Category: Apparel
Kohl’s Provides Key Updates On Strategic Growth Initiatives
At Investor Day, Kohl’s announced new long-term financial targets and growth strategy that included continued growth in active and casual categories and planned growth for Sephora to a $2 billion business.
Ross Stores To Open 100 Stores
Ross Stores, Inc. opened 22 Ross Dress for Less and eight dd’s DISCOUNTS stores in 15 different states and Guam in February and March. These new locations are part of the company’s plans to add approximately 100 new stores – 75 Ross and 25 dd’s DISCOUNTS – during fiscal 2022.
Sun Mountain Sports Acquired By Solace Capital
Sun Mountain Sports, the maker of golf equipment and apparel, has been acquired by Solace Capital Partners, based in Los Angeles. The seller was founder Rick Reimers.
Under Armour, Puma, Helly Hansen And Canada Goose Suspend Operations In Russia
Under Armour, Canada Goose, Helly Hansen and Puma have followed Nike in suspending operations in Russia in response to Russia’s invasion of Ukraine.
Berkshire Hathaway’s Apparel And Footwear Sales Expand 25.3 Percent In 2021
Berkshire Hathaway Corp. sales across its apparel and footwear businesses increased 25.3 percent in 2021 compared to 2020, according to the holding company’s annual report. The businesses include Fruit of the Loom, Garan, H.H. Brown Shoe Group, and Brooks Sports.
Fabletics To Open 30 New Stores In 2022
Fabletics announced plans to open 30 new store locations in 2022. The activewear brand co-founded by actress Kate Hudson currently has over 75 locations
Hibbett’s Q4 Comps Dip 1 Percent
Hibbett Inc. reported fourth-quarter earnings declined 23.9 percent as same-store sales dipped 1.0 percent. Results and guidance were in line with an update given on February 18.
REI SoHo Employees Vote To Unionize
REI employees in its SoHo, New York City retail store, voted to form the co-op’s first union. Eighty-eight of the store’s 102 workers voted to join the Retail, Wholesale and Department Store Union (RWDSU), and fourteen voted not to join. An in-person tally conducted the vote in the store’s breakroom by the National Labor Relations Board.
Forloh Appoints Vice President Marketing And E-Commerce
Forloh, the technical outdoor brand, announced the appointment of Nick Skally to VP, marketing and e-commerce.
Academy Sports Announces Inaugural Quarterly Cash Dividend
Academy Sports and Outdoors Inc. announced that its Board of Directors approved the initiation of a quarterly cash dividend.
Reebok Appoints VP Europe
Reebok promoted Laurent Fricker to vice president for Europe, according to Fashion Network.
Nike To Temporarily Close Stores In Russia
Nike, Inc. said it would temporarily close all its owned stores in Russia. The brand joins a number of other Western brands that have suspended their businesses in the country following Moscow’s invasion of Ukraine.
Athleta Q4 Sales Gain 52 Percent On Two-Year Basis
Gap, Inc. reported fourth-quarter net sales at Athleta jumped 52 percent versus 2019 with comparable sales up 42 percent versus the fourth quarter of 2019.
OC Sports Appoints National Sales Manager
OC Sports announced it promoted Nate Currier to national sales manager. Currier has over five years of experience at Outdoor Cap, previously in the Farm and Western Division.
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