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.
Category: Apparel
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.
Big 5’s Profits Dip On Tough Comparisons
Big 5 Sporting Goods reported net earnings declined 15.1 in the third quarter ended October 3, in line with guidance and reflecting challenging comparisons in the year-ago pandemic-fueled quarter. Same-store sales decreased 0.7 percent compared to the prior year period and increased 13.2 percent compared to the third quarter of 2019.
Under Armour Hikes Outlook On Q3 Earnings Beat
Under Armour Inc. strongly raised its guidance for the full year after reporting third-quarter earnings that were double Wall Street’s consensus targets. Revenues climbed 8 percent in the third quarter.
Nike Board Member To Retire At End Of Year
Nike Inc. said in a regulatory filing that John Connors on October 27 notified the company of his decision to retire as a director of the company effective December 31, 2021. Connors’s decision to retire is not because of a disagreement with the company or the Board of Directors
Scheels Expanding To Idaho
Scheels announced plans to open its first All Sports Store to Idaho. The store is scheduled to open in Spring 2024 in Meridian, West of Boise. The 240,000 retail store is planned to anchor the Ten Mile Crossing development.
Unifi Appoints Board Member
Unifi Inc. announced the election of Rhonda Ramlo to its Board of Directors, effective October 27, 2021.
Galaxy Universal To Acquire And1, Avia, Gaiam, And SPRI
Galaxy Universal, LLC. has agreed to acquire the And1, Avia, Gaiam, and SPRI brands as part of the bankruptcy proceedings of Sequential Brands Group, Inc. for approximately $330 million.
Canada Goose Opens First California Store
Canada Goose opened its first retail location in California at South Coast Plaza.
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