Burton appointed Elysa Walk, previously Burton’s SVP of Americans and International, as its first chief business officer.
Category: Apparel
Academy Sports Sees First-Quarter Same-Store Sales Surge 39 Percent
Academy Sports + Outdoors, Inc. reported preliminary results for its first-quarter showing comparable sales jumped 38.9 percent during the thirteen-week period ended May 1.
Bloom Sustainable Materials Appoints New President And CEO
Bloom Sustainable Materials has appointed footwear components veteran Chuck Mason as president and CEO of Algix, LLC and the Bloom brand of sustainable materials used in footwear and other consumer products. Mason previously worked with W.L. Gore.
Under Armour Lifts Outlook After Q1 Tops Wall Street Targets
Under Armour raised its guidance and now expects a net profit for 2021 after reporting first-quarter results that topped Wall Street’s targets. Sales in the first quarter rose 35 percent.
Under Armour To Pay $9 Million To Settle SEC Revenue Probe
Under Armour agreed to pay $9 million in fines as part of a settlement of an investigation by the Securities and Exchange Commission. The case related to misleading its revenue growth to investors from the third quarter of 2015 through the fourth quarter of 2016, the agency said Monday.
Academy Sports Announces Secondary Stock Offering
Academy Sports and Outdoors Inc announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 14 million shares of common stock of Academy.
BSN Sports + Under Armour Partner With Delmarva Aces Baseball Organization
The Delmarva Aces baseball organization today announced it had signed an agreement with BSN Sports, a division of Varsity Brands, to outfit its athletes and coaches in Under Armour gear beginning this summer.
Report: On Exploring Initial Public Offering
On AG, the Swiss running shoe maker, is preparing to go public with a potential U.S. stock market listing as early as this fall, sources told Reuters. The deal reportedly aims to value the firm at about $5 billion.
Amazon Appoints Nike Alum As Global Head of Sports Marketing
Amazon appointed Marc Patrick, a former top Nike marketing manager, as its new global head of sports marketing.
SFIA Sets Virtual Conference For November
The Sports & Fitness Industry Association (SFIA) will hold its annual industry event in a virtual format from November 9-11, 2021. The “SFIA Trends & Insights 2021,” will feature sports & fitness executives and experts discussing strategic issues and opportunities in a post-pandemic market.
Emerald Holding Sees Steep Q1 Revenue Drop
Emerald Holding Inc. reported revenues tumbled 87 percent as results continue to be negatively impacted by event cancellations due to the COVID-19 pandemic.
VF Corp’s Former CFO Joins Tapestry
Tapestry Inc., the parent of Coach, Kate Spade and Stuart Weitzman., has hired Scott Roe as chief financial officer, effective June 1, 2021. Roe was formerly VF’s CFO.
CODI Sees Q1 Revenues Expand 38 Percent
Compass Diversified (CODI) reported net sales rose 38.4 percent for the first quarter ended March 31 and raised its earnings guidance for the year. The company said it was helped by last year’s acquisition of Marucci and BOA.
Columbia Sportswear Hikes 2021 Outlook On Robust Q1 Results
Columbia Sportswear Company raised its guidance for the year after reporting first-quarter sales and earnings arrived well above Wall Street’s targets and seeing healthy early Spring 2021 sell-through and Fall 2021 orders. The first-quarter gains were led by direct-to-consumer e-commerce business, which grew 35 percent year-over-year.
HanesBrands Names Chief Financial Officer
HanesBrands announced that Michael Dastugue has been named chief financial officer. Most recently, Dastugue was executive vice president and chief financial officer at Walmart U.S.
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