Big 5 Sporting Goods Corp. reported earnings more than tripled in the second quarter ended July 4 as same-store sales jumped 31 percent. Earnings and sales came in well above company guidance.
Category: Footwear
L.L.Bean Downtown Burlington Store To Relocate
L.L.Bean said it would relocate its store in downtown Burlington, VT to Williston, VT in summer 2022.
Under Armour Raises Full Year Outlook As Q2 Blasts Past Analyst Targets
Under Armour, Inc. reported second-quarter results that easily surpassed Wall Street’s estimates and significantly lifted its guidance for the year. Under Armour President and CEO Patrik Frisk said, “With the critical mass of our transformation behind us and the continued improvements across product, marketing, and our financial results, I believe this year sets a robust foundation that positions us well for our next chapter of profitable growth.”
Columbia Sportswear Raises Outlook On Strong First Quarter Profits
Columbia Sportswear Company lifted its guidance for the year after reporting a surprise profit in the second quarter ended ended June 30. The company predicted low-20 percent year-over-year net sales growth in second half 2021.
Windsong Global And Hilco Brands Acquire Earth Shoes
Windsong Global LLC and Hilco Brands, LLC announced that they had made a majority investment in Earth Shoes.
TRE Opens Registration For 2021 Conference And Trade Show
Registration is open for The Running Event, scheduled to take place November 30 to December 2, 2021, in Austin, TX.
Foot Locker Accelerates Asia-Pacific Expansion With Acquisition Of Atmos
Foot Locker Inc. announced it has entered into a definitive agreement to acquire Text Trading company, K.K., which owns and licenses the Atmos brand, a digitally-led retailer headquartered in Japan, for $360 million. The transaction will be funded with the company’s available cash.
Foot Locker To Acquire WSS
Foot Locker, Inc. announced it has entered into a definitive agreement to acquire Eurostar, Inc. (WSS), a U.S.-based athletic footwear and apparel retailer, which primarily operates on the West Coast, for $750 million. The transaction will be funded with the company’s available cash.
Haku Expands Office Space
Haku has moved its corporate headquarters to a larger location in Brickell, FL. The expansion comes as the company has expanded its workforce by over 85 percent since 2019.
Survey Finds Walmart Top Choice For Back-To-School
A survey from RetailMeNot found that Walmart is the most popular place to go back-to-school shopping this year, followed by Amazon and Target
Saks Off 5th Appoints Amazon Alum As COO
Saks Off 5th, which was recently spun off from Saks, has appointed former Amazon operations executive Shivi Shankaran as COO, effective August 16.
OvareVentures Acquires Pulse Boot Lab And Ski Company
OvareVentures has added to its portfolio of outdoor businesses with the acquisition of Pulse Boot Lab and Ski Company based in Revelstoke, British Columbia.
Dick’s Sporting Goods Releases 2020 Purpose Playbook
Dick’s Sporting Goods introduced its 2020 Purpose Playbook, its third annual sustainability report. The report noted that the retailer signed the “We Are Still In” initiative in support of the Paris Climate Agreement, are phasing out single-use plastic bags in stores by 2025 and is committing to reducing greenhouse gas emissions by 30 percent by 2030.
Emerald Holding Posts $47 Million Loss In Second Quarter
Emerald Holding, Inc. had a net loss of $46.5 million for the second quarter 2021 as it continues to be negatively impacted by event cancellations due to the COVID-19 pandemic.
VF Corp. Lifts Outlook On Q1 Beat
VF Corp. raised its earnings and sales guidance for its fiscal year after reporting results in the first quarter ended June 30 easily topped Wall Street targets. Overall sales in the quarter grew 96 percent in constant dollars. Among major brands, sales grew 102 percent at Vans, 83 percent at The North Face, 63 percent at Timberland and 58 percent at Dickies.
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