NPD Group: Footwear Sales Decline In First Quarter
Up against last year’s stimulus-fueled comps, footwear industry unit sales and revenue both declined in the first quarter of 2022 versus the previous year, according to The NPD Group. U.S. footwear sales revenue fell by 3 percent, unit sales declined by 12 percent, as average prices increased by 11 percent.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
KOA Report: A Record 57 Million Households Camped In 2021
Kampgrounds of America, Inc.’s 2022 North American Camping Report found that 57 million households reported going on at least one camping trip in 2021, an 18 percent increase compared to 2020 and the greatest year-over-year change since KOA began reporting the numbers.
Nike Unveils One-Million-Square-Foot Serena Williams Building
Nike has unveiled the Serena Williams Building, a one-million-square-foot space at its headquarters in Beaverton, OR. The structure houses 200,000 square feet of lab space for Nike’s Consumer Creation team to “create the future of sport.”
Centric Brands Acquires Hosiery Division From Daytona Apparel Group
Centric Brands LLC. announced the strategic acquisition of a division of Daytona Apparel Group, a portfolio of retail brands owned by Windsong Brands, that closed on March 24th of this year. Centric will take full ownership of Daytona Apparel Group’s hosiery division which sells product across multiple brands in stores nationwide.
Dick’s Sporting Goods And Public Land Pilot In-Store Buy-Back Program
Dick’s Sporting Goods and Public Lands, the outdoor arm of Dick’s Sporting Goods, will pilot an in-store buy-back program for select hard and soft gear in select markets.
Moosejaw Launches Outdoor Gear Rental Program
Moosejaw has launched a gear rental program. The program ships to any destination in the U.S. Outbound and return shipping is free for most rentals. The online access to gear rentals includes brands Big Agnes, Kelty, Marmot, and MSR.
Higg Raises $50M In Series B Funding Round
Higg Co, the technology company behind the Higg Index platform, announced its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners, Tom Steyer and Katie Hall’s Galvanize Climate Solutions, along with participation by Series A partners Titan Grove and Buckhill Capital.
Puma’s Q1 Boosted By Americas Momentum
Puma reported earnings rose 11.2 percent in the first quarter on a 23.5 percent revenue gain. Currency-neutral growth of 19.7 percent was led by gains of 44.1 percent in the Americas region and 25.5 percent in EMEA that offset declines in Greater China. The company maintained its outlook for the year.
Darn Tough Vermont Appoints COO
Darn Tough Vermont announced the promotion of Angelica Taylor to chief operating officer. Taylor is advancing into this role after spending the last year as Darn Tough’s vice president of finance.
Skechers Raises Guidance As Q1 Revenues Jump 27 Percent
Skechers U.S.A., Inc. reported net earnings rose 22.6 percent in the first quarter as sales ran up 26.8 percent, driven by 33 percent wholesale growth. Results topped guidance and Skechers lifted its outlook for the year.
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment.
Orva Appoints EVP And Chief Merchandising Officer
Orva, the New York-based digital retail company, announced the appointment of Jeff Espersen in the newly created role of executive vice president and chief merchandising officer. He was general manager and chief merchant at Zappos.
Brooks Takes Top Spot In Performance Running Market
Brooks Running said that in the first quarter, it took the top spot in the U.S. national performance footwear market for the first time, with 22 percent dollar share across all U.S. channels—athletic specialty and sporting goods, mid-tier, premium, and shoe chain.
Callaway Golf Sets Long-Term Financial Targets
Callaway Golf Company expects annual growth projections from fiscal 2021 through 2025 of 10 to 12 percent, led by more than 18 percent growth at Topgolf growth in the high-single digits in its non-Topgolf businesses. The company provided its growth plan as part of its Investor Day.
