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.
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Thule Sees Double-Digit Growth In First Quarter
Thule reported sales grew 19.5 percent in the first quarter and increased 13.4 percent on a currency-neutral basis. The gains were led by 27 percent currency-neutral growth in North America.
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.
Hybrid Apparel Announces Two Executive Hires
Hybrid Apparel has appointed Faith Garcia-Ross as chief operating officer and Ed Massura as chief supply chain officer.
Vail Resorts Sees Encouraging Ski Season Metrics
Vail Resorts said it expects resort fiscal 2022 reported EBITDA to be at or around the top of its guidance range issued on March 14, 2022 given the ski season trends from the beginning of the ski season through April 17, 2022.
Altar’d State Announces Chief Marketing Officer And Two Key Promotions
Altar’d State, the women’s fashion retailer with 156 locations in the U.S., hired Cristina Ceresoli as chief marketing officer of Altar’d State, AS Revival and Tullabee. It also promoted Dana Seguin to brand president of Arula and Nicole Sewall to senior vice president of Vow’d.
Vail Resorts’ Debt Ratings Affirmed On Improving Metrics
S&P Global Ratings said that following strong ski season results reported to date, it upwardly revised its base-case revenue and EBITDA expectations for fiscal years 2022 and 2023 (ending July 31).
EXEC: Wall Street Reacts To Lululemon’s Analyst Day
Shares of Lululemon slid $19.26, or 4.8 percent, to $385.40 after the yoga-themed retailer announced an ambitious five-year growth plan to double its sales by 2026. Analysts were generally bullish on Lululemon’s growth plan with a few concerned about the stock’s lofty valuation.
EXEC: Lululemon Targets $12.5 Billion In Sales By 2026
At its analyst day, Lululemon Athletic announced goals to double sales by 2026 under its “Power of Three ×2 growth” strategy that calls for doubling men’s and digital and quadrupling international business over that timeframe. Calvin McDonald, CEO, said at the event, “The opportunity, obviously, is to keep doing what we’re doing.”
Online Brands Nordic AB Acquires Kidswear Brand Isbjörn Of Sweden
E-commerce specialist Online Brands Nordic AB has acquired Nordic Kidswear AB, including its outdoor kidswear brand Isbjörn of Sweden.
Under Armour Appoints India Distributor
Under Armour has appointed Underdog Athletics as the exclusive distributor and licensee for the brand in India.
Lululemon Announces Plan To Double Revenue By 2026 To $12.5 Billion
Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
BlackStrap Partners With USASA
BlackStrap, the manufacturer of face gear, base layers and accessories for winter sports, anglers and outdoor enthusiasts, is the primary sponsor and bib supplier of the U.S. American Snowboard and Freeski Association (USASA) events and competitions. “We are incredibly excited to partner with USASA as a sponsor and competition bib supplier,” said Jim Sanco, brand […]
BlackStrap Partners with USA Snowboard and Freeski Association
BEND, Ore., (April 19,, 2022) — BlackStrap, the leading made-in-the-USA manufacturer of face gear, base layers, and accessories for winter sports, anglers, and outdoor recreationists has become a primary sponsor and bib-supplier for the United States of America Snowboard and Freeski Association (USASA) events and competitions. “We are incredibly excited to partner with USASA as […]
Clarus Corporation Announces Upsized $425 Million Credit Agreement
Clarus Corp. announced that it has amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank, N.A. and Bank of America, N.A.
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