Puma signed 17-year-old prep phenom Mikey Williams to an endorsement deal, making him the first American high school basketball player to sign a sneaker deal with a global footwear company.
Category: Apparel
Fanatics And IOC Partner On Global Online Store
Fanatics and the International Olympic Committee (IOC) announced a new partnership to launch its first global e-commerce platform and Olympic store to support the upcoming Paris Games in 2024, Milano Cortina Games in 2026 and LA Games in 2028.
Compass Diversified Delivers Significant Q3 Earnings Gain
Compass Diversified (CODI) reported significant improvement in earnings in the third quarter due to a gain on its sale of Liberty Safe. Earnings, excluding the gain, grew about a third due to the 2020 acquisition of BOA and a strong performance by its branded consumer companies.
Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts
Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year.
Big Agnes Announces Key Hires And Promotions Within Sales Team
Big Agnes has hired Craig Hatton and Parker Batt to join its sales team and announced the promotion of Kody Herman and Eric Einfeld within the sales organization.
Indiana’s McCleerey’s Sporting Goods Closes
McCleerey’s Sporting Goods in downtown Greenfield in Indiana has closed after 50 years in business, according to the Greenfield Reporter.
Nike Opening Store In Pinecrest Mall
Nike is opening a store in Pinecrest Mall in Orange Village, OH, about 15 miles from Cleveland, according to a report in Cleveland.com.
NRF Predicts Highest Holiday Retail Sales On Record
Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”
Great Outdoor Provision Expands Flagship In Charlottesville
Great Outdoor Provision Co., an outdoor retailer with locations in Virginia and North Carolina, announced plans for an expanded flagship store in Charlottesville, VA in the summer of 2022.
Delta Apparel Revenue Increases Six Percent In Fiscal 2021 September Quarter
Delta Apparel Inc. said it expects overall net sales for the 2021 September quarter to be approximately $114 million, an increase of about 6 percent over last year’s fourth quarter sales calculated on a comparable 13-week basis.
Shimano’s Raises Full-Year Guidance On Robust Nine-Month Growth
Shimano reported earnings nearly doubled in the nine months as sales grew 49.6 percent. Bicycle Components segment sales grew 56.0 percent while Fishing Tackle segment sales gained 27.6 percent.
REI Readies Opening In Jackson Hole
REI Co-op plans to open its new store in Powderhorn Mall in Jackson Hole, WY on November 5. The store, located at 974 West Broadway, is the retailer’s first store in the State.
Puma Lifts Outlook On Robust Q3 Results
Puma said it now expects currency-adjusted sales to expand at least 25 percent for 2021, up from at least 20 percent previously, and also raised its earnings guidance after reporting healthy third-quarter growth. Sales in the third quarter rose 20 percent currency-neutral, led by a 31 percent gain in the Americas region.
International Surfing Association Appoints Marketing And Media Manager
The International Surfing Association (ISA) has confirmed the appointment of Federico Ferroni as their new marketing and media manager.
Russell Athletic Partners With Alphabroder
Russell Athletic announced a partnership with Alphabroder, the distributor of imprintable sportswear and accessories in North America. Through this partnership, an assortment of core styles from Russell Athletic will be available at five distribution centers between California, Texas, Illinois, Pennsylvania, and Georgia.
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