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.
Category: Footwear
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.
L.L.Bean To Open Seven Stores In 2021
Following its strongest fiscal year in nearly a decade, L.L.Bean announced it will open seven new retail stores across the U.S. and Canada in 2021. These include three stores in the U.S. and four in Canada.
Academy Sports’ Debt Ratings Outlook Raised To Positive
Moody’s Investors Service changed its outlook for Academy, Ltd. to positive from stable. The change in outlook to positive from stable reflects Academy’s outperformance relative to expectations since the IPO, and the potential for the company to maintain solid credit metrics as demand in the sporting goods category moderates.
Adidas Signs Football Deal With Boston College
Adidas entered a three-year partnership to become the official athletic footwear, apparel and accessory brand of Boston College’s football program through the 2023 season. The deal comes after Boston College on April 13 announced a lucrative deal with New Balance to outfit its non-football teams.
Dillard’s Amends And Extends Revolving Credit Facility
Dillard’s Inc. announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the company’s liquidity needs.
Report: Allbirds Exploring IPO
Allbirds, the San Francisco-based casual footwear and sneaker maker, is in the process of interviewing banks in preparation for an initial public offering, according to a report in the New York Times DealBook.
Blizzard-Tecnica Names Principal Sales Rep For Colorado And New Mexico
Blizzard-Tecnica announced it had appointed Charlie Hepburn to cover Colorado and New Mexico as its principal sales rep effective May 1, with Jamie Urbana as an associate rep to service retailers in the territory
Puma’s Sales Jump In First Quarter
Puma reported earnings tripled in the first quarter as sales expanded 25.8 percent on a currency-neutral basis. On a currency-neutral basis, the gains were led by the Americas, climbing 38.5 percent and led by North America. Asia/Pacific revenues grew 28.8 percent, led by China, while EMEA gained 14.0 percent.
Adidas To Move Basketball Unit To Los Angeles
Adidas has merged its lifestyle and performance units within basketball and is moving basketball operations from Portland, OR to Los Angeles. The moves are expected to better position the brand for growth in the basketball category.
Macy’s Debt Rating Outlook Revised To Positive
S&P Global Ratings revised its debt rating outlook on Macy’s to positive from negative on encouraging signs that an accelerating economic recovery is emerging. S&P said it believes operating conditions for apparel retailers are “fast improving.”
Duluth Trading Appoints President And CEO
Duluth Trading Company appointed retail industry veteran Sam Sato as president and chief executive officer, effective May 3, 2021. Sato was most recently CEO of The Finish Line.
Crocs’ Q1 Revenues Vault 64 Percent
Crocs, Inc. reported sales catapulted 64 percent in the first quarter and said it now expects sales for 2021 to climb between 40 percent and 50 percent. Earnings in the first quarter increased over six-fold.
New Balance Signs Boston Celtics Aaron Nesmith
New Balance signed Boston Celtics rookie, Aaron Nesmith, to a multi-year sponsorship deal, representing the brand’s fifth NBA player endorsement since returning to the sport of basketball in 2019.
Backcountry Appoints New CFO
Backcountry.com announced the hiring of Jim Bell as its new chief financial officer, effective April 19, further strengthening Backcountry’s leadership team as it capitalizes on growth in e-commerce while preparing to expand its brick & mortar retail footprint.
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