Boot Barn Holdings Inc. reported earnings increased more than four-fold in the fourth quarter ended March 27 as same-store sales grew 27 percent.
Category: Footwear
Under Armour’s Debt Ratings Outlook Upgraded
S&P Global Ratings raised its debt outlook for Under Armour Inc. to Stable From Negative. S&P said Under Armour’s strong first-quarter results “indicate its financial metrics are improving amid the coronavirus pandemic.”
Wolverine Worldwide Raises Full-Year Outlook On Strong First-Quarter Results
Wolverine World Wide Inc. lifted its annual guidance after reporting adjusted earnings grew 45 percent in the first quarter on a 16 percent sales gain. Merrell revenue grew nearly 25 percent, and Saucony revenue was up nearly 60 percent. Online sales surged 84 percent.
Sequential Brands Secures Further Waivers From Lenders
Sequential Brands was granted a waiver that extends existing defaults on its credit agreement until June 7, according to a filing with the Securities & Exchange Commission.
Nike Partners With Howard Payne University Through BSN Sports
The Howard Payne University athletic department entered into a five-year sponsorship and product supply agreement with Nike through BSN Sports to be its official apparel, footwear and uniform provider for athletics.
JD Sports Acquires Manchester-Based Menswear Retailer
JD Sports has acquired Oi Polloi, an independent men’s fashion boutique located in Manchester.
REI To Open In Tallahassee And Palm Beach Garden
REI Co-op, with five stores in Florida, will open new locations in Spring 2022 in Tallahassee and Palm Beach Gardens, Florida.
Champion Aiming To Become $3 Billion Brand By 2024
HanesBrands Inc. unveiled Full Potential, a three-year growth plan designed to drive approximately $1.2 billion in incremental revenue and expand operating margins to 14.3 percent by 2024. The plan calls for Champion to become a $3 billion global brand by 2024, up from projected 2021 sales of approximately $2 billion.
Academy Sports Appoints Board Member
Academy Sports and Outdoors Inc. announced the appointments of Beryl B. Raff to its Board of Directors and Compensation Committee and Wendy A. Beck, currently a member of the Board and its Audit Committee, as a member and chairperson of the Nominating & Governance Committee.
New Store Openings Set For City Gear And Hibbett Sports
Hibbett announced store openings plans for one Hibbett Sports in Houston and two City Gear locations in Florida.
Retail Cargo Imports Set New Record As Economy Recovers
Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released by the National Retail Federation.
JD Sports Announces Board Change
JD Sports Fashion Plc announced that Andy Rubin has stepped down from the Board as a Non-Executive Director, effective May 6. Andy Rubin will be replaced by Andy Long, former CEO of Pentland Brands.
OBIT: Paul Van Doren, Vans Co-Founder
Paul Van Doren, co-founder of the Vans brand, passed away at the age of 90.
Eddie Bauer To Be Sold To Authentic Brands And Simon
Authentic and SPARC Group, a joint venture between Authentic and Simon Property Group, are acquiring Eddie Bauer, including its 300 stores and e-commerce business, from a unit of Golden Gate Capital.
PacSun Announces Leadership Transition
PacSun announced a leadership transition whereby Alfred Chang, PacSun president, and Michael (Mike) Relich, interim CEO of PSEB Group, will be elevated to co-chief executive officers, and Brieane (Brie) Olson, PacSun’s chief brand officer, will be promoted to president.
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