JD Sports Fashion Plc reported significantly improved profits in the first half ended July 31 as revenues grew 52.7 percent.
Category: Footwear
On Announces Pricing Of Initial Public Offering
On announced the pricing of its initial public offering of 31.1 million Class A ordinary shares at a public offering price of $24.00 per share. The running footwear brand had marketed the shares for $20 to $22 each.
Crocs Sets Goal To Reach $5 Billion In Sales By 2026
Crocs Inc. unveiled a five-year growth framework aimed at achieving $5 billion in revenues by 2026, more than triple revenues of $1.4 billion in 2020.
Coalition Of Businesses, Trade Groups Endorse Ocean Shipping Reform Act
A coalition of 152 companies and trade associations representing U.S. importers, exporters, transportation providers and other supply chain stakeholders today submitted a letter of support to Congress endorsing the Ocean Shipping Reform Act of 2021.
361° Europe Appoint New Marketing Manager
361° Europe announced that Bryce Sage has been appointed marketing manager, Europe.
Yue Yuen’s Sales Tumble In August
Yue Yuen’s consolidated operating revenue in August reached $481.2 million against $626.0 million a year ago, representing a decline of 23.1 percent year-over-year. The decline reflects the pandemic-driven factory shutdowns in Vietnam.
On Holding Ups IPO Price To $22
On Holding, the Swiss running shoe brand, raised the projected price range for its initial public offering from $18 to $20 to $20 to $22, according to an updated filing with the Securities and Exchange Commission.
Hibbett Opens First Orange County Location
Hibbett Sports announced the opening of its first Orange County, CA store in Fullerton.
Dick’s Sporting Goods Expands Holiday Hires
Dick’s Sporting Goods is hiring approximately 10,000-holiday employees this year, 1,000 more than it did in 2020. The hires represent the largest number of seasonal workers in the company’s history.
Academy Sports’ Largest Shareholder KKR To Sell Off Its 20 Percent Stake
Academy Sports + Outdoors, Inc. reported that affiliates of Kohlberg Kravis Roberts & Co. L.P. are selling off its entire 18.65 million-share stake to the public. KKR acquired Academy Sports in a leveraged buyout in 2011.
Bellarmine University Partners With Nike And BSN Sports
Bellarmine University announced that it has established a new athletic partnership with Nike and BSN Sports.
Allbirds Opens Store In Century City
Allbirds opened a new retail store and community center in Century City, CA. It is the brand’s third store in Los Angeles and 31st globally.
Retail Imports Remain Strong But Growth Slows As COVID-19 Disruptions Continue
Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions worldwide continue, according to the monthly Global Port Tracker report released by the National Retail Federation.
JD Sports Appoints Former Nike Exec To Board
JD Sports Fashion has appointed Bert Hoyt, most recently vice president and general manager of Nike EMEA, as its non-executive director, effective immediately.
Backcountry Appoints CFO
Backcountry has appointed Girish Satya chief financial officer of its global portfolio of brands, including Backcountry, Bergfreunde, Competitive Cyclist, Motosport and Steep & Cheap. Most recently, Girish served as a principal at TSG Consumer Products, Backcountry’s financial and strategic partner.
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