Powered by a seasonally-strong performance by its flagship fire pit brand, Solo Stove, Solo Brands reported sales in the fourth quarter ended December 31 surged 164 percent to $176.5 million. The company is seeing a slowdown in the first quarter but remains bullish on robust growth for 2022.
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Fanatics Partners With Minnesota Vikings
Fanatics announced an exclusive, ten-year omnichannel merchandise and retail partnership with the NFL’s Minnesota Vikings. As a part of the deal, Fanatics assumes the operation of its e-commerce, mobile and physical retail stores.
Canada Goose Makes Two Key Executive Appointments
Canada Goose Holdings, Inc announced two key executive appointments with Carrie Baker as President, Canada Goose and Ana Mihaljevic assuming the dual role of president, North America and EVP, sales operations and planning.
Downlite Outdoor Leads Advanced Sustainable Technical Methods with down-trac®
Mason, OH, March 31, 2022 – Downlite Outdoor, a market leader in responsibly sourced down and fills, highlights its newest technology with traceable down-trac®. Live demonstrations will be held at the Functional Fabric Fair on April 4-5 at the Oregon Convention Center in Portland. “Responsible to the Core,” Downlite has developed the down-trac® app for […]
Inside The Call: Lululemon Shares Pop As Q4 Earnings Exceed Guidance
Lululemon Athletica’s shares jumped $32.95, or 9.6 percent, to $376.92 Wednesday, following a strong fiscal fourth quarter and full-year forecast that came in well above expectations.
Inside The Call: Sportsman’s Warehouse Beats Wall Street Targets
Sportsman’s Warehouse reported earnings on an adjusted basis and sales were down in the fourth quarter as it anniversaried a surge in firearms sales in the year-ago period. However, results exceeded guidance and officials said business fundamentals remain strong, with growth in all other categories, led by growth in footwear and apparel.
Hibbett Promotes Supply Chain And Merchandising Veterans
Hibbett, Inc. has promoted Mike McAbee and Stephani Smith to SVP, supply chain and store development and SVP, merchandising, respectively.
Redding Reloading Equipment Appoints Head Of Manufacturing
Redding Reloading Equipment announced the promotion of AJ Ferris to vice president of manufacturing operations. He joined the company in 2010 as a member of the customer service department.
Lululemon Q4 EPS Beats Guidance
Lululemon Athletica, Inc. reported earnings on an adjusted basis rose 30 percent in the fourth quarter ended January 30 as comparable sales increased 22 percent. Earnings came in above updated guidance provided on January 10.
Obit: George Dickerman
George Dickerman, former president of Spalding Sports Worldwide, passed away at the age of 83.
New Balance Officially Opens Methuen Factory
New Balance, on Monday, officially opened its new athletic footwear factory in Methuen, MA. The 80,000-square-foot facility, which underwent a $20 million renovation, began production in January 2022.
Cowen Becomes Latest To Downgrade Foot Locker
Cowen, on Monday, became the latest investment firm to downgrade Foot Locker since the sneaker retailer issued its fourth-quarter results. At the time, Foot Locker said reduced allocations of Nike products would lead to a significant decline in sales in the current year. Cowen’s downgrade was prompted by eroding digital traffic and search trends, inflationary pressures and mall exposure.
FDRA Launches The Footwear Trade Show Council
The Footwear Distributors & Retailers of America (FDRA) has created the Footwear Trade Show Council (FTSC). Its purpose is to align industry trade shows into one collaborative alliance to share information, best practices and industry dates.
The Pro’s Closet Adds Two Leadership Hires
The Pro’s Closet, the online seller of used bikes, announced that Kaitlin Cameron has joined the company as its new chief marketing officer and Paul Calandrella as its vice president of strategic initiatives.
Dyrt Report: New Campers Are Increasingly More Diverse
The Dyrt, an app for camping, found that 40 percent of the people who went camping for the first time in 2021 identified as Black, Indigenous, and People of Color, up from just 23 percent in 2018.
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