Camping World Holdings Inc. has expanded its national footprint with the recent openings of Camping World SuperCenters in Spring, TX and Breaux Bridge, LA, along with a planned opening of a Gander RV SuperCenter in Pocatello, ID, scheduled for December 1.
Category: Footwear
Mizuno’s Profits Tumble In Six Months
Mizuno Corp. reported a significant decline in profits in the six months ended September 30 as sales dropped 22.5 percent.
VF Corp. To Acquire Supreme
VF Corp. signed a definitive merger agreement to acquire Supreme, the streetwear brand. Current investors, The Carlyle Group and Goode Partners are selling their stakes in the Supreme brand. VF said the Supreme brand offers a $1 billion global opportunity over time through international and DTC expansion.
Clarks Secures Private Equity Deal With LionRock Capital
Clarks has sold a majority stake in the company to Hong Kong-based private equity firm LionRock Capital. The investment in the 195-year-old U.K.-based shoe brand and retailer amounted to £100 million (approximately $131mm). The Clark family will remain a key shareholder in the business.
Bass Pro’s Debt Ratings Upgraded
Moody’s raised the debt ratings of Bass Pro Group LLC. The rating agency said Bass Pro has been resilient through the coronavirus pandemic as it reported positive sales momentum continuing through the third quarter following the initial temporary store closures at the onset of the outbreak.
Acushnet’s Q3 Revenues Expand 15 Percent
Acushnet Holdings Corp., the parent of Titleist, reported earnings more than doubled in the third quarter as sales grew 15.1 percent.
Asics Lifts Outlook On Improved Q3
Asics reported net sales in the first nine months of 2020 slumped 13.3 percent to ¥248,206 million due to the impact of the spread of COVID-19. However, the Japanese sporting goods company lifted its outlook for the year as third-quarter results showed improvement.
SportChek’s Q3 Same-Store Sales Dip
Canadian Tire Corp. reported SportChek’s comparable sales growth declined 1.4 in the third quarter. On a constant-currency basis, Helly Hansen’s revenue decreased 0.9 percent.
BSN Sports Partners With The Scout Hub In Conjunction With Under Armour
BSN Sports announced a partnership with The Scout Hub in conjunction with its brand partner, Under Armour. Through this partnership, baseball and softball organizations that use The Scout Hub will receive team apparel, equipment discounts and dedicated products serviced by BSN.
The Buckle’s October Comps Climb 13 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended October 31, 2020, increased 12.7 percent.
Wolverine Worldwide Tops Expectations On Strength In Performance And Work Brands
Wolverine Worldwide reported earnings fell in the third quarter on a 14 percent revenue decline but both exceeded internal expectations. Saucony and Chaco delivered double-digit revenue growth, while Merrell and its work brands drove sequential revenue improvement versus Q2.
NPD Data: U.S. Athletic Footwear Declines In Third Quarter; Activewear Up
Athletic footwear sales declined in the mid-single-digits in the third quarter while activewear saw a low-single-digit increase in the period, according to point-of-sale data from NPD.
NPD Group Acquires Pricing Excellence
The NPD Group has acquired Pricing Excellence, a retail analytics company that uses cloud-based computing technologies to deliver market insights.
Bogs’ Q3 Sales Climb 6 Percent
Weyco Group Inc. reported Bogs’ North American wholesale sales rose 6 percent in the third quarter as compared to last year due to higher sales in the farm, service and industrial trade channel and with e-commerce retailers.
REI Co-Op To Open Store In Jackson, WY In Summer 2021
REI Co-op will open its first Wyoming store in Jackson in the summer of 2021. The outdoor retailer also said a previously-announced store in Boca Raton, FL will open on November 13.
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