Fleet Feet, the largest franchisor of locally owned and operated running stores, announced that it has agreed to acquire JackRabbit, the second-largest running specialty retailer in the U.S., from affiliates of CriticalPoint Capital.
Category: Apparel
Canada Goose Posts Surprise Profit, Lifts Fiscal 2022 Outlook
Canada Goose Holdings Inc. reported a profit in the second quarter ended September 26, beating Wall Street’s targets that had been calling for a loss. Total revenue increased by 19.6 percent and 40.3 percent excluding year-ago PPE sales.
REI Sets Opening Date For First Store In Maine
REI Co-op is opening its first store in Maine on November 12. The store is located in the Rock Row Development in Westbrook and covers 24,000 square feet of space.
The Buckle’s October Comps Climb 23 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended October 30, 2021 increased 23.3 percent from comparable store net sales for the 4-week period ended October 31, 2020.
Puma Opens North American Headquarters
Puma announced it has officially opened its North American headquarters at Assembly Row in Somerville, MA, bringing together approximately 450 employees from its two former offices in Boston and Westford, MA.
Filson Expands Partnership With WP Lavori To European Markets
WP Lavori, located in Corso, Italy, was named distributor and licensee of European markets for Filson, the U.S. outdoor outfitter and apparel manufacturer. In addition to distribution and licensing beginning in March 2020, WP Lavori invested a 10 percent share in Filson.
Gildan Activewear’s Q3 Sales Jump 33 Percent
Gildan Activewear Inc. reported significant earnings improvement in the third quarter ended October 3. Record third-quarter sales of $802 million, was up 33 percent over the prior year and 8 percent over Q3 2019 .
Champion’s Q3 Sales Climb 20 Percent
HanesBrands Inc. announced results for the third quarter of 2021, with increased sales, operating profit, earnings per share and operating cash flow driven by strong point-of-sale performance and market share gains in its innerwear and activewear businesses. Global Champion brand sales increased 20 percent with balanced growth between the U.S. and International.
U.S. Fishing Equipment Market Reels In Nearly $4 Billion, NPD Reports
In the 12 months ended September 2021, U.S. fishing equipment in-store and online sales revenues across mass merchants and sporting goods retailers, including e-commerce, grew 4 percent, year-over-year, reaching $3.9 billion, according to the NPD Group.
Scarpa North America Promotes From Within
Scarpa North America, the wholly-owned U.S. and Canadian distributor for Scarpa, announced it had promoted Melanie Hood to director of marketing and communications and Joe Higby as VP of Finance.
Black Diamond To Expand Retail Presence In U.S.
Black Diamond Equipment announced it would open two retail stores this winter in Jackson Hole, WY and Burlington, VT followed by a third retail location in Bend, OR, scheduled to open in Spring 2022.
Dick’s SG And Nike To Integrate Loyalty Programs In Connected Partnership
Dick’s Sporting Goods and Nike Inc. said its customers could now connect their Dick’s Scorecard and Nike Membership accounts through Dick’s mobile app as part of a new connected partnership to gain access to products, experiences and offers.
Norrøna Adds Canadian Sales Representation
Norrøna announced a partnership with Canadian sales representative Ryan Letchford, founder and lead rep of Squamish-based Wabi Sabi sales agency.
Boardriders Appoints New Quiksilver And RVCA Leaders
Boardriders Inc. announced the appointment of Brad Blankinship as global general manager, Quiksilver and David Brooks as global general manager, RVCA.
Nike Files Patents To Sell Virtual Goods
Nike has applied this week for new trademarks indicating its intent to sell branded virtual goods, including shoes and apparel, according to a report from Bloomberg.
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