Astral Hires Industry Vet As Chief Revenue Officer
Astral announced the addition of David Orr to its leadership team. Orr will act as Chief Revenue Officer overseeing the brand’s global commercial strategy.
Bass Pro Airs Its First Super Bowl Commercial
Bass Pro Shops unveiled its first Super Bowl commercial with a message centered on reconnecting with the outdoors and each other.
Mizuno’s Q3 Profits Soar
Mizuno Corp. reported earnings surged in the third quarter ended December 31 as sales grew 8.1 percent.
Nike Marketing Exec Joins Gatorade
PepsiCo appoints Kalen Thornton, formerly at Nike, as chief marketing officer of Gatorade.
Shoe Carnival Sees 6 Percent Fourth-Quarter Comp Gain
Shoe Carnival Inc. reported comparable store sales increased approximately 6.4 percent in the fourth quarter, on top of a 3.2 percent comparable store sale increase in the fourth quarter of fiscal 2019. The family shoe chain also said earnings doubled in the period.
Swix Debuts Concept Store In Lake Placid
Swix announced plans to launch its first U.S. retail outlet, its Concept Store, at the Mt. Van Hoevenberg Ski Stadium in Lake Placid, NY.
Kohl’s Sees Q4 Earnings Topping Wall Street Targets
Kohl’s released preliminary fourth-quarter results, anticipating sales will be down about 10 percent year-over-year, and same-store sales will drop 11 percent.
Skechers Posts Weaker Q4 Profit As Pandemic Takes A Toll On Owned Stores
Skechers U.S.A., Inc. saw 2020 fourth quarter sales decrease 0.5 percent as a result of a 2.8 percent decrease in the company’s domestic sales partially offset by a 1.1 percent increase internationally.
Deckers Brands Posts Solid Fiscal Q3 On Hoka Surge, E-Commerce Jump
Deckers Brands reported that net sales increased 14.8 percent to $1.08 billion compared to $938.7 million for the same period last year. On a constant-currency basis, net sales increased 13.8 percent.
Columbia Sportswear’s Q4 Earnings Decline On Impairment Charges
Columbia Sportswear Company reported earnings in the fourth quarter were down 16 percent due in part to impairment charges tied to retail and its Prana trademark. Sales declined 4 percent. Both earnings and sales, however, topped Wall Street targets. Chairman, President and CEO Tim Boyle said, “I’m encouraged by our e-commerce growth as well as wholesale orders for the Spring and Fall 2021 seasons, which we anticipate fueling our continued recovery in 2021.”
Dick’s SG Will Close Again On Thanksgiving
Dick’s Sporting Goods announced it will close all retail locations and distribution centers on Thanksgiving Day, November 25, 2021. Dick’s also closed on Thanksgiving in 2020.
The Buckle’s January Same-Store Sales Climb 35 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 30, 2021 increased 35.3 percent.
Brooks Running Reports 27 Percent Revenue Gain For 2020
Brooks Running ended 2020 with global revenue of nearly $850 million, an increase of 27 percent year-over-year.
Canada Goose Returns To Quarterly Growth
Canada Goose reported net earnings were down 9.3 percent in the third quarter ended December 27 as sales gained 4.8 percent. Both earnings and sales topped Wall Street’s consensus estimates. Total revenue increased for the first time since the onset of the pandemic.
Boardriders Appoints Former North Face President As CEO
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, and VonZipper brands, announced that Arne Arens will be joining the company as its incoming CEO, effective March 1. He was was most recently the global brand president of The North Face.
