Academy Sports and Outdoors Inc., in its first earnings report since going public, reported earnings vaulted 188 percent on an adjusted basis in the third quarter ended October 31. Revenues jumped 17.8 percent. Results were well ahead of Wall Street’s targets. The retaller marked its fifth consecutive quarter with a comparable sales increase.
Category: Footwear
Imports Still Strong Though October
Imports remain strong through October after setting new records this fall as retailers stocked up both stores and warehouses for the holiday season and met new demands for quick delivery of online orders, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Brooks And Vaude Sign The Climate Pledge
Brooks Running and Vaude have each signed The Climate Pledge, a commitment to be net-zero carbon by 2040, a decade ahead of the Paris Agreement’s goal of 2050.
Tennis Industry Shows Growth In The Face Of COVID-19
The USTA announced that recent data and information surrounding racquet sales and participation have shown that the tennis industry has shown strength amid the pandemic.
Grundéns Partners With Major League Fishing
Grundéns has partnered with Major League Fishing (MLF) to become the official footwear sponsor of the Bass Pro Tour and MLF BIG5 circuits.
REI Elevates Product Standards To Fight Climate Change And Advance Equity
REI is upgrading product standards in partnership with its more than 1,000 brand partners to advance more sustainable and inclusive business practices. The co-up is also committing that, by 2030, all products on its shelves will have a preferred attribute so that every purchase at REI supports a healthier, cleaner, more equitable planet.
Designer Brands Logs Q3 Loss, Continues Athletic Push
Designer Brands Inc. reported a loss in the third quarter ended November 2 on a 30.1 percent revenue decline but the loss topped Wall Street’s expectations. Designer Brands’ officials also called out substantial progress the DSW chain has made expanding athletic and kids offerings.
Academy Sports Adds Board Member
Academy Sports and Outdoors Inc. announced the appointment of Wendy A. Beck to its Board of Directors, effective today. Beck joins Allen I. Questrom and Jeffrey C. Tweedy, who were appointed to Academy’s Board on October 1 in connection with Academy’s initial public offering, as recent independent director additions to the Board.
NPD Reports: Sports Equipment Sales Surge In Third Quarter
According to NPD Group, categories tied to the outdoors as well as home fitness equipment continue to post double-digit gains in the third quarter.
Aglet Announces $4.5M Seed Round
Aglet has completed seed financing of an additional $4.5 million just months after closing its pre-seed extension with $7 million raised since its founding late 2019.
TJX Announces 13 Percent Increase In Dividend
The TJX Companies Inc. announced the declaration of a quarterly dividend on its common stock of 26 cents per share payable March 4, 2021, to shareholders of record on February 11, 2021.
Jordan Brand Partners With UCLA
UCLA announced a six-year partnership that makes Nike’s Jordan Brand the official athletic footwear, apparel and equipment provider for the Bruins’ football and basketball programs. The change comes after Under Armour announced in June that it was ending its contract with the school.
USA Cycling Announces New Board Members And Bylaws
USA Cycling Board of Directors welcomed four new board members to elevate USA Cycling’s impact beyond the sport.
Foot Locker Plans Rights Issue
Foot Locker Inc. announced that its Board of Directors has adopted a short-term shareholder rights plan and declared a dividend distribution of one right on each outstanding share of the company’s common stock. The offering could be used as a barrier to activist investor Daniel Kretinsky taking control of the sneaker retailer.
JCPenney Emerges From Bankruptcy
JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal