Castore will replace Adidas as kit supplier to Wolverhampton, marking the Liverpool-based brand’s first partnership with a Premier League soccer team.
Category: Apparel
Hurley Opens Store In Asbury Park
Hurley has opened its first store in New Jersey in Asbury Park. The location marks the surf brand’s first East Coast location outside of Florida.
REI To Open First Store In Maine
REI Co-op is opening its first location in Maine in the Greater Portland area in Fall 2021.
Golf Rounds Played Surge In April
Golf rounds played in the U.S. jumped 81.4 percent for the month of April, according to Golf Datatech. For the year-to-date period, rounds are ahead
43.8 percent.
Study Finds 28 Percent Of Runners Started During The Pandemic
A study from RunRepeat found that 28.76 percent of runners started with the activity during the pandemic
Mad Engine To Merge With Fifth Sun
Platinum Equity announced that it has signed a definitive agreement to acquire a controlling interest in Fifth Sun from its founder And Gonzales. The acquisition is made through the Platinum Equity portfolio company Mad Engine.
Genesco Appoints Three New Independent Directors, Rejects Activist’s Slate
Genesco Inc. appointed three retail industry veterans, including Angel Martinez, the former CEO of Deckers Brands, to its Board, but none of the candidates nominated by an activist investor seeking to take control of the board. The other two new board members are Mary Meixelsperger, CFO, Valvoline and former CFO of DSW; and Greg Sandfort, former CEO of Tractor Supply Company.
The Buckle Sees Q1 Sales More Than Double
The Buckle Inc. reported net sales for the 13-week fiscal quarter ended May 1, 2021 increased 159.2 percent to $299.1 million from net sales of $115.4 million for the prior year 13-week fiscal quarter ended May 2, 2020.
Moody’s Upgrades Debt Ratings Outlook On Under Armour
Moody’s Investors Service changed Under Armour, Inc.’s outlook to positive from negative. Stated Mike Zuccaro, Moody’s Vice President, “The affirmations and positive outlook reflect Under Armour’s improved operating performance and credit metrics as well as very good liquidity.”
Gymshark Hires Chief Product Officer
Gymshark appointed Danielle Petesic as its chief product officer. She was most recently Lululemon’s vice president of product development.
VF Corp.’s Q4 Sales Top Wall Street’s Target
VF Corp. reported sales in its fiscal fourth-quarter beat top-line estimates but earnings came in slightly below targets. Sales in the quarter grew 19 percent on a currency-neutral basis, led by a 23 percent gain by The North Face. Vans’ sales grew 10 percent and Timberland’s sales gained 19 percent on a currency-neutral basis.
Foot Locker Blasts Past Earnings Forecast Amid Soaring Sales
Foot Locker Inc. reported earnings and sales that came in well above pandemic-impacted year-ago levels as well as easily ahead of Wall Street’s targets. Total sales increased 83.1 percent year over year. As compared to the first quarter of 2019, total sales advanced 3.6 percent.
Ross Stores Sees 17 Percent Q1 Gain
Ross Stores Inc. reported earnings per share for the 13 weeks ended May 1, 2021 grew 17 percent to $1.34 on a two-year basis on net income of $476 million.
Kathmandu Appoints New CEO
Kathmandu Holdings Limited announced the appointment of Michael Daly, CEO of Rip Curl, as group chief executive officer and managing director following the resignation of Xavier Simonet, chairman of Kathmandu Holdings.
Arc’teryx Appoints VP, Brand
Arc’teryx Equipment announced the appointment of Karl Aaker to the role of VP, brand, effective immediately. He formerly worked for Lululemon and Nike.
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