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.
Category: Footwear
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.
RECALL: Birkenstock Kids’ Mogami Sandals
About 15,200 Birkenstock Kids’ Mogami sandals are being recalled. A plastic rivet can detach from the sandal’s ankle strap, posing a choking hazard for young children.
Deckers Brands Blows Past Wall Street Targets
Deckers Brands reported a surprise profit in the first quarter ended June 30 as sales surged 78.2 percent. Ugg’s sales grew 70.8 percent and Hoka One One soared 95.5 percent. The company slightly raised its guidance for the year.
Columbia Sportswear Releases 2020 Corporate Responsibility Report
Columbia Sportswear Company released its 2020 Corporate Responsibility Report, which includes performance highlights and progress made throughout 2020 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices.
Puma’s Strong Q2 Led By North America
Puma reported a profit against a loss in the second quarter. Sales grew 96 percent in the second quarter with the best performances coming in footwear and in North America. The Germany-based company raised its guidance for the year although it warned about supply chain challenges.
Wolverine Worldwide Scores Record Quarterly Revenues For Merrell And Saucony
Wolverine Worldwide raised its full-year guidance after second-quarter results easily topped Wall Street targets. All-time record quarterly revenue for Merrell and Saucony drove consolidated revenue growth of 81 percent compared to 2020 and 11 percent versus 2019.
Bass Pro’s Debt Ratings Upgraded On Improving Performance In First Half
S&P Global Ratings upgraded its issuer credit rating on Great Outdoors, the corporate name of Bass Pro Group, to ‘BB-‘ from ‘B+’ as the retailer’s performance “has been resilient with sales and EBITDA growth continuing through the second quarter this year, ahead of our expectations.”
Decathlon’s Debt Ratings Affirmed On Strong 2020 Operating Performance
S&P Global Ratings affirmed its ‘A-2’ short-term issuer credit rating on Decathlon SA as the France-based sporting goods retailer’s operating performance for 2020 was stronger than S&P expected, thanks to strong cost management and cash preservation measures.
Twisted X Welcomes Sustainability Strategist
Twisted X, a Twisted X Global Brands company, announced it had hired Kristy Rosica as sustainability strategist, a new role created in 2021 to support the company’s pledge to “protect the planet through the use of eco-forward materials and innovative practices.”
Nike Signs Projected No. 1 NBA Draft Pick
Nike has signed an endorsement deal with Cade Cunningham, the projected top overall pick in the 2021 NBA draft.
Sun & Ski Sports To Open In Former Modell’s Location In Maryland
Sun & Ski Sports plans to open its 31st store in a former Modell’s location at Arundel Mills Mall in Hanover, MD.
K-Swiss Appoints VP Marketing, E-Commerce For Americas Region
K-Swiss, owned by China-based Xtep International Holdings Ltd, appointed Kate Minner as its new vice president of marketing and e-commerce for the Americas region.
Asics Invests In Insole Maker
Asics has taken an unspecified stake in healthcare startup, Japan HealthCare Co., Ltd., which makes custom insoles working from photos of feet taken by smartphone.
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