Crocs Announces Commencement Of Offering Of $350 Million Senior Notes
Crocs Inc. announced the commencement of a $350 million offering of senior notes due 2031 in a private offering.
Adidas Increases Full-Year Outlook As Top-Line Momentum Accelerates
Adidas AG said it now expects sales to expand up to 20 percent for 2021 after reporting currency-neutral sales grew 55 percent in the second quarter. Currency-neutral sales gains of 99 percent in EMEA and 87 percent in North North America helped offset a decline of 16 percent in Greater China.
Keen Pulls Out From OR Show Cites COVID-19 Delta Variant
Keen announced in a statement it would not attend the Outdoor Retailer Show in Denver, CO next week due to the recent spike in COVID-19 cases and, in particular, the Delta variant.
The Athlete’s Foot Sees 40 Percent First-Half Gain
For the first half of 2021, The Athlete’s Foot (TAF) reported a strong retail sales growth of above 40 percent. Also, Intersports International Corporation (IIC) and Arklyz Group AG (Arklyz) announced the successful closing of the deal to sell 100 percent of the global TAF business to Arklyz, owner of Intersocks, on July 30, 2021.
Boot Barn’s Sales Double In First Quarter
Boot Barn Holdings Inc. reported a profit against a small loss in the first quarter ended June 26 as sales gained 107 percent. The retailer also cited strong growth against its first fiscal quarter ended June 29, 2019, two years ago.
Former Nike Marketing Manager Sentenced In Scheme To Defraud Company
A former marketing manager at Nike, Inc. was sentenced to more than two-and-a-half years in federal prison today for perpetrating a scheme to defraud his former employer and a childhood friend, according to a press release from Oregon’s U.S. Attorney’s Office.
Iconix Announces Redemption Of 5.75 Percent Convertible Notes
Iconix Brand Group Inc., which is in the process of going private, announced it has caused to be delivered a Notice of Full Conditional Redemption to the trustee of its outstanding 5.75 percent convertible senior notes due 2023.
Weyco’s Sales Rebound In Second Quarter
Weyco Group Inc. reported sales for the second quarter of 2021 were $57.6 million compared to second quarter 2020 net sales of $16.6 million.
Rocky Brands’ Revenues Expand More Than Two-Fold In Q2
Profits at Rocky Brands Inc. rose 59.5 percent in the second quarter ended June 30 on a 134.2 percent revenue gain.
Big 5 Sporting Goods Sees Q2 Sales Climb 31 Percent
Big 5 Sporting Goods Corp. reported earnings more than tripled in the second quarter ended July 4 as same-store sales jumped 31 percent. Earnings and sales came in well above company guidance.
L.L.Bean Downtown Burlington Store To Relocate
L.L.Bean said it would relocate its store in downtown Burlington, VT to Williston, VT in summer 2022.
Under Armour Raises Full Year Outlook As Q2 Blasts Past Analyst Targets
Under Armour, Inc. reported second-quarter results that easily surpassed Wall Street’s estimates and significantly lifted its guidance for the year. Under Armour President and CEO Patrik Frisk said, “With the critical mass of our transformation behind us and the continued improvements across product, marketing, and our financial results, I believe this year sets a robust foundation that positions us well for our next chapter of profitable growth.”
Columbia Sportswear Raises Outlook On Strong First Quarter Profits
Columbia Sportswear Company lifted its guidance for the year after reporting a surprise profit in the second quarter ended ended June 30. The company predicted low-20 percent year-over-year net sales growth in second half 2021.
Windsong Global And Hilco Brands Acquire Earth Shoes
Windsong Global LLC and Hilco Brands, LLC announced that they had made a majority investment in Earth Shoes.
TRE Opens Registration For 2021 Conference And Trade Show
Registration is open for The Running Event, scheduled to take place November 30 to December 2, 2021, in Austin, TX.
