VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.
Category: Outdoor
Tilly’s Delivers 16.5 Percent Holiday Sales Gain
Tilly’s Inc. reported sales for the nine-week period ended January 1 grew 16.5 percent and said it expects to report its most profitable fourth quarter since becoming a public company.
Topspin Consumer Partners Invests In Mission
Topspin Consumer Partners, a private equity firm focused on the consumer sector, announced that it has made a growth investment in Mission, which specializes in cooling solutions used in sports, outdoor and jobsite applications.
Duluth Trading Announces Strong Holiday Results
Duluth Holdings Inc., the parent of Duluth Trading, reported sales in the nine-week period from November 1, 2021 through January 2, 2022 grew 6.4 percent year over year and 5.4 percent when compared to the same period in 2019.
BPI Outdoors Appoints CEO
BPI Outdoors announced the hiring of Scot Fischer as its new CEO.
Dick’s SG Receives Baa3 Rating On New Debt Issue
Moody’s Investors Service assigned a Baa3 senior unsecured rating to Dick’s Sporting Goods, Inc. proposed $1 billion unsecured notes. The proceeds will be used to repay the company’s $575 million convertible debt, add cash to the balance sheet and for general corporate purposes.
Lululemon Lowers Q4 Outlook Due To Omicron
Lululemon Athletica, Inc. said it expects sales and earnings from the holiday quarter to come in near the low end of its previous forecasts amid renewed COVID-19 challenges.
SFIA Elects New Chairman
The Sports & Fitness Industry Association (SFIA) announced the election of Jonathan Ram, group president, Global Activewear, HanesBrands Inc., as chairman of the SFIA Board of Directors from 2022-2023.
Trek Bicycles Acquires Race Pace Bicycles
Maryland’s Race Pace Bicycles has been sold to Trek Bicycles, with the transition set to occur in March.
Retail Import Growth Levels Out But Volume Remains High
After a year of unprecedented increases, imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Mastercard: Sales Grew 7 Percent In December
Retail sales excluding auto in December rose 6.9 percent compared to December 2020 and gained 8.1 percent against December 2019, according to Mastercard SpendingPulse.
Solo Brands Raises Full-Year 2021 Revenue And EBITDA Guidance
Solo Brands raised its full year 2021 revenue guidance to a range of $400 million to $402 million, well above the high-end of its previous guidance.
NICS Firearms Background Checks Fall Six Percent In December
The December 2021 NSSF-adjusted National Instant Criminal Background Check System (NICS) decreased 6.0 percent to 1.79 million from 1.91 million a year ago.
Lululemon Names New CEO Of Mirror
Lululemon Athletica, Inc. announced the appointment of Michael Aragon as CEO of Mirror and Lululemon Digital Fitness, effective January 17, 2022. He was the chief content officer at Twitch.
Dick’s SG Raises Full-Year Outlook
Dick’s Sporting Goods Inc. in a regulatory filing Thursday raised its guidance for the full year and provided fourth-quarter earnings guidance that was well above Wall Street’s consensus target.
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