Hibbett Sports reported significant gains in fourth-quarter earnings and sales and expressed confidence that new customers captured during the pandemic would boost sales in the years ahead. However, Hibbett officials also warned of supply chain disruptions and provided muted guidance for 2021 due to uncertainties in the marketplace. (Read More)
Fiscal third quarter net sales increased 102.2 percent to $257.6 million compared with $127.4 million in the comparable quarter last year. (Read More)
Gap Inc. said it plans to open 20 to 30 Athleta stores in 2021 after the women activewear chain’s fourth-quarter sales jumped 29 percent on a reported basis and 26 percent on a same-store basis. Sonia Syngal, Gap Inc’s CEO, told analysts, "Athleta is our highest margin business and like Old Navy has made continuous market share gains each quarter year-to-date.” (Read More)
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of March 1, 2021 covered in the SGB Updates and delivered to your inbox every business day. (Read More)
On January 25, 2021, kayak, surf and SUP company Hobie Cat Co. was discretely sold to a private equity group consisting of executives from Detroit industrial auction company Maynards Industries. SGB Executive caught up with its new Chairman, Taso Sofikitis, on what the future holds. (Read More)
