Shimano reported net income increased 22.5 percent in 2020 as sales grew 4.1 percent. The Japanese-based sporting goods company said the year benefited from “interest in bicycles and fishing that can avoid closed, crowded and close-contact environment boosted demand.”
Category: Footwear
Under Armour Posts Surprise Profit For Holiday Quarter
Under Armour Inc. reported sales were down 3 percent in the fourth quarter but both sales and earnings easily topped Wall Street targets. The company forecasted sales for the current year to climb in the high-single-digit percentage rate, reflecting a high-single-digit growth rate in North America and a high-teens growth rate in its international business.
Urban Outfitters’ Q4 Comps Drop 7 Percent
Urban Outfitters Inc. reported total company net sales for the three months ended January 31 decreased 6.9 percent over the same period last year to $1.09 billion. Comparable Retail segment net sales decreased 7 percent.
Nike Acquires Data Integration Expert Datalogue
Nike, Inc. has acquired Datalogue, a data integration platform start-up based in New York. Datalogue is Nike’s latest acquisition to enable its consumer-led digital transformation.
RIA Survey Details Run Specialty Channel Recovery In 2020
The latest survey from the Running Industry Association (RIA) found that in spite of store closures in March and April, the run specialty channel proved resilient and rebounded nicely in the back half of 2020.
Topgolf To Open First Venues In Southern California
Topgolf Entertainment Group plans to open two venues in the Los Angeles area in Ontario and El Segundo. These venues will be the first locations to serve the Southern California area and will bring the total number of venues in California to four, joining Topgolf Roseville outside of Sacramento and Topgolf San Jose, which is expected to open in 2021.
Waypoint Outdoor To Lead Tread & Butter’s U.S. Sales Force
Tread & Butter announced Waypoint Outdoor as its U.S. wholesale sales and brand management partner.
Astral Hires Industry Vet As Chief Revenue Officer
Astral announced the addition of David Orr to its leadership team. Orr will act as Chief Revenue Officer overseeing the brand’s global commercial strategy.
Bass Pro Airs Its First Super Bowl Commercial
Bass Pro Shops unveiled its first Super Bowl commercial with a message centered on reconnecting with the outdoors and each other.
Mizuno’s Q3 Profits Soar
Mizuno Corp. reported earnings surged in the third quarter ended December 31 as sales grew 8.1 percent.
Nike Marketing Exec Joins Gatorade
PepsiCo appoints Kalen Thornton, formerly at Nike, as chief marketing officer of Gatorade.
Shoe Carnival Sees 6 Percent Fourth-Quarter Comp Gain
Shoe Carnival Inc. reported comparable store sales increased approximately 6.4 percent in the fourth quarter, on top of a 3.2 percent comparable store sale increase in the fourth quarter of fiscal 2019. The family shoe chain also said earnings doubled in the period.
Swix Debuts Concept Store In Lake Placid
Swix announced plans to launch its first U.S. retail outlet, its Concept Store, at the Mt. Van Hoevenberg Ski Stadium in Lake Placid, NY.
Kohl’s Sees Q4 Earnings Topping Wall Street Targets
Kohl’s released preliminary fourth-quarter results, anticipating sales will be down about 10 percent year-over-year, and same-store sales will drop 11 percent.
Skechers Posts Weaker Q4 Profit As Pandemic Takes A Toll On Owned Stores
Skechers U.S.A., Inc. saw 2020 fourth quarter sales decrease 0.5 percent as a result of a 2.8 percent decrease in the company’s domestic sales partially offset by a 1.1 percent increase internationally.
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