Stio announced it would open three new Mountain Studio retail stores.
Category: Apparel
Adidas Shaves 2021 Forecast On Sourcing Disruptions
Adidas slightly lowered its full-year sales and profit forecasts, citing sourcing disruptions and a tough market environment in China after third-quarter results missed analyst expectations. Currency-neutral sales in the third quarter increased 3 percent. On a currency-neutral basis, revenues in EMEA and North America both grew 9 percent, Latin America surged 55 percent and Asia-Pacific fell 8 percent.
Callaway Golf’s Q3 Revenues Surge 80 Percent
Callaway Golf Co. reported sales in the third quarter jumped 80 percent to $856 million, driven by a recovery in Topgolf’s sales and supported by continued demand for golf equipment and apparel. The company raised its sales and earnings guidance for the year.
Fanatics Plans $500 Million Debt Offering
Licensed sports merchandise giant Fanatics Commerce Intermediate Holdco LLC plans to issue a $500 million senior secured term loan to fund investments at its parent entity, Fanatics Holdings Inc. S&P assigned a ‘BB-‘ credit rating to the debt issuance while Moody’s assigned a Ba3 CFR rating.
Aqualung Hires Director Of North America Operations
Aqualung announced it has hired Tim Vidmar as director of North America operations for the company. He joins the company after a decade at Fox Racing.
Canada Goose Achieves Responsible Down Certification
Canada Goose announced that it has achieved certification under the Responsible Down Standard (RDS*). With this accreditation, the brand joins other Responsible Down Certified global manufacturers who embrace sustainability and animal welfare.
Macy’s Boosts Minimum Wage And Benefits To Workers
Macy’s said it will raise the minimum wage to $15 per hour by next May due to a tight labor market. The department store chain is also adding an education program that will cover 100 percent of tuition, books and fees.
Jack Wolfskin Appoints GM Commercial Europe
Jack Wolfskin Europe has appointed Natascha El Mahmoud, most recently as VP sales, as general manager, commercial, Europe as part of its new commercial management structure.
Gymshark Adds Tech Entrepreneur To Advisory Board
Gymshark announced that entrepreneur Gary Vaynerchuk is joining the company as an advisor to its board. This latest appointment comes as the U.K.-based fitness apparel brand is expanding its global presence.
Foot Locker And Designer Don C Launch Lifestyle Brand
Foot Locker announced the launch of All City by Just Don, a lifestyle brand created in partnership with Don Crawley, the American streetwear designer from Chicago known professionally as Don C.
Custom Ink Acquires Swag.com
Custom Ink, the maker of custom apparel and accessories for companies, groups, and organizations, announced the acquisition of Swag.com, a platform for corporate swag.
Clarus Sees Q3 Sales Surge 69 Percent
Clarus Corp reported earnings on an adjusted basis surged 97 percent in the third quarter as sales grew 69 percent in the third quarter. Black Diamond sales were up 20 percent and Sierra sales were up 100 percent, or 13 percent excluding Barnes.
Backcountry Hires Chief Product Officer
Backcountry announced it had hired Colby Black as chief product officer, effective immediately.
Brooks’ Q3 Revenues Climb 24 Percent
Brooks’ Running reported revenue rose 24 percent year over year in the third quarter and is ahead 43.5 percent in the nine months. The brand warned that’s being impacted by supply chain disruptions.
5.11 Announces Filing For IPO
5.11 ABR Corp., a Compass Diversified (CODI) subsidiary, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
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