The 2022 Running USA Industry Conference, presented by Race Roster, will be a live event to take place February 20-22, 2022, returning to the Coronado Springs Resort at Walt Disney World in Lake Buena Vista, FL.
Category: Footwear
Bogs’ Sales Climb 32 Percent In First Quarter
Weyco Group, Inc. reported North American wholesale sales for the Bogs outdoor brand rose 32 percent in the first quarter of 2021, as consumers continue to spend more time outdoors during the pandemic. Bogs also saw strong online sales.
New Balance Appoints EMEA Chief, Fran Allen To Retire
New Balance appointed Mathias Boenke as senior vice president, EMEA (Europe, Middle East and Africa). Fran Allen, current SVP of EMEA, will retire at the end of 2021.
Signa Sports Acquires Tennis Express
Signa Sports United (SSU) announced a binding agreement to acquire Tennis Express, an online tennis retailer in the United States.
Ames Watson Acquires South Moon Under
An affiliate of investment holding company Ames Watson is acquiring the Annapolis, MD-based surf chain, South Moon Under. Ames Watson acquired the Lids hat chain two years ago.
Rocky Brands Sees 57 Percent Q1 Sales Surge
Rocky Brands Inc. reported earnings catapulted 278.1 percent on significantly higher margins and a 57 percent revenue gain.
Big 5 Posts 32 Percent Q1 Comp Gain
Big 5 Sporting Goods Corp. reported same-store sales jumped 31.8 percent in its first quarter ended April 4, well above guidance calling for a gain of 20 percent. Earnings likewise soared and came in about double guidance.
Dick’s SG Announces Grand Opening Of Four Stores
Dick’s Sporting Goods will expand its nationwide footprint with the grand opening of one Dick’s Sporting Goods location, one Warehouse Sale location and two locations of a new off-price store concept—Going, Going, Gone!—in May.
Academy Sports Sees First-Quarter Same-Store Sales Surge 39 Percent
Academy Sports + Outdoors, Inc. reported preliminary results for its first-quarter showing comparable sales jumped 38.9 percent during the thirteen-week period ended May 1.
Under Armour Lifts Outlook After Q1 Tops Wall Street Targets
Under Armour raised its guidance and now expects a net profit for 2021 after reporting first-quarter results that topped Wall Street’s targets. Sales in the first quarter rose 35 percent.
Under Armour To Pay $9 Million To Settle SEC Revenue Probe
Under Armour agreed to pay $9 million in fines as part of a settlement of an investigation by the Securities and Exchange Commission. The case related to misleading its revenue growth to investors from the third quarter of 2015 through the fourth quarter of 2016, the agency said Monday.
Academy Sports Announces Secondary Stock Offering
Academy Sports and Outdoors Inc announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 14 million shares of common stock of Academy.
Report: On Exploring Initial Public Offering
On AG, the Swiss running shoe maker, is preparing to go public with a potential U.S. stock market listing as early as this fall, sources told Reuters. The deal reportedly aims to value the firm at about $5 billion.
L Catterton Completes Acquisition Of Birkenstock
L Catterton announced that it has completed the previously announced acquisition of Birkenstock. In conjunction with the closing, Birkenstock has formed and appointed six members to the company’s Supervisory Board.
Caleres’ Debt Rating Outlook Revised To Stable
S&P Global Ratings raised its debt ratings outlook on Caleres to Stable From Negative as it expects the company’s operating performance to continue to gradually improve in 2021, spurred by the expected healthy recovery in sales of its retail business’ wellness, comfort, and sport styles apparel shoes.
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