Asics Sees North America Revenues Fall 12 Percent In Q4
Asics reported sales in its North American region fell 11.9 percent in the fourth quarter and were down 17.2 percent in the year, but forecast a return to double-digit growth in 2021.
Hibbett Sports Opens Store In Columbia
Hibbett Sports announced the opening of the newest Hibbett Sports location in Columbia, SC, located at; 2734 Decker Blvd in the Fashion Place Shopping Center.
Authentic Brands Group’s Debt Ratings Outlook Upgraded
S&P Global Ratings revised its debt ratings outlook on Authentic Brands Group (ABG) to stable from negative due to stronger-than-expected third-quarter results ended Sept. 30, 2020. The rating agency also expects sustained improvements over the next year.
Klättermusen Enters Distribution Partnership With Sputnik Inc.
Klättermusen, the maker of mountaineering equipment, announced it has entered into a new exclusive distribution partnership in Japan with Sputnik Inc.
Outdoor Foundation’s Preliminary Participation Report Shows Gains In Hiking, Camping And Fishing
The Outdoor Foundation, the philanthropic arm of Outdoor Industry Association (OIA), released early topline data from its forthcoming Outdoor Participation Report that showed strong gains in hiking, camping and fishing.
New Balance Lands $3.85 Million Win in Chinese Trademark Case
New Balance has been awarded xx25 million ($3.9 million) in damages by a Chinese court in a trademark infringement case against two local companies for copying its slanting “N” logo, according to a report in The Financial Times.
Hibbett Sports’ Q4 Comps Climb 22 Percent
Hibbett Sports Inc. provided preliminary unaudited financial results for its fourth quarter that showed comparable sales increased 21.9 percent, well above the previous guidance of an increase in the high-single digits to low-double digits.
Dick’s SG To Open Five Stores In February
Dick’s SG announced plans to open one Dick’s Sporting Goods store and four Warehouse Sale stores in February.
Shimano’s Earnings Climb In 2020
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.”
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.
