Adidas reported currency-neutral sales declined 3 percent in the fourth quarter due to supply shortages as a result of the lockdowns in Vietnam last year, the challenging market environment in Greater China and pandemic-related lockdowns in the Asia-Pacific. However, currency-neutral sales for 2021 rose 16 percent and Adidas projected will increase at a rate between 11 percent and 13 percent in 2022.
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Mark Wahlberg Becomes Minority Investor In P448’s Parent Company
StreetTrend LLC, which owns the P448 sneaker brand, announced that actor, producer and businessman Mark Wahlberg has made a significant minority investment in the company. The terms of the deal were not disclosed.
Inside The Call: Clarus’ Innovate And Accelerate Strategy Pays Off With Record 2021 Results
Boosted by strength at Black Diamond and ammunition businesses, Clarus Corp delivered another record quarter to close out a record-setting year of sales and earnings. The gains came despite a challenging supply chain environment. Clarus’ President John Walbrecht said, “We continue to be nimble and decisive at the brand level, which is critical in achieving this level of performance.”
Clarus’ Q4 Sales Jumped 55 Percent
Clarus reported adjusted net income grew 55 percent as sales grew 56 percent sales gain. Sales grew 68 percent in 2021 and are expected to climb 25 percent in 2022. Sales in the fourth quarter grew 17 percent in the Outdoor segment (Black Diamond) and 37 percent in the Precision Sport segment (Sierra, Barnes).
Sun Mountain Sports Acquired By Solace Capital
Sun Mountain Sports, the maker of golf equipment and apparel, has been acquired by Solace Capital Partners, based in Los Angeles. The seller was founder Rick Reimers.
Fabletics To Open 30 New Stores In 2022
Fabletics announced plans to open 30 new store locations in 2022. The activewear brand co-founded by actress Kate Hudson currently has over 75 locations
Xponential Fitness’ Sales Jump 78 Percent In Fourth Quarter
Xponential Fitness Inc. reported sales grew 78 percent in the fourth quarter and 45 percent in the year ended December 31.
Forloh Appoints Vice President Marketing And E-Commerce
Forloh, the technical outdoor brand, announced the appointment of Nick Skally to VP, marketing and e-commerce.
Q&A With Dan Sheridan, Brooks Running’s President & COO
Brooks surpassed $1 billion in annual sales for the first time in 2021, expanding 31 percent year-over-year after climbing 27 percent in 2020. Playing a critical role in driving that growth has been Dan Sheridan, who was recently promoted to President and will partner with CEO Jim Weber to drive the next phase of the company’s growth.
BikeExchange Offers Complimentary Membership To PBMA
BikeExchange, fresh off its merger with Kitzuma Cycling Logistics, announced it would offer added value to its clients. All current and new North American-based clients will receive one-year complimentary membership to the Professional Bike Mechanics Association (PBMA) to ensure proper training and certification for its mechanics, among other benefits. If a retailer is a current member of […]
Athleta Q4 Sales Gain 52 Percent On Two-Year Basis
Gap, Inc. reported fourth-quarter net sales at Athleta jumped 52 percent versus 2019 with comparable sales up 42 percent versus the fourth quarter of 2019.
Smith & Wesson’s Q3 Revenues Drop 31 Percent
Smith & Wesson Brands, Inc. reported sales were down 31 percent year-over-year in the third quarter ended January 31 but surged more than 118 percent on a two-year basis. Both sales and earnings trailed analyst estimates.
BikeExchange Offers New Clients Free Membership To Professional Bicycle Mechanics Association: New initiative part of ongoing BEX effort to support, promote IBD’s and Manufacturers; underscores importance of education, certification for mechanics
Asheville, North Carolina (March 3, 2022) — Online bike marketplace BikeExchange (BEX) – fresh off their recent merger with Kitzuma Cycling Logistics, which allows clients to ship fully built, ready-to-ride bikes to their buyers – is again offering added value for its clients with a new initiative: All current and new North American based BEX […]
RYU Apparel Hires DJM Sales Consulting
Vancouver-based RYU Apparel Inc. announced the hiring of DJM Sales Consulting, to lead global sales and oversee the company’s wholesale strategy.
Inside The Call: Rocky Brands Blows Past Analyst Targets In Q4
Rocky Brands reported fourth-quarter earnings that were nearly double Wall Street’s targets as sales ran up 93.4 percent. For the full year, adjusted net income jumped 40.9 percent on an 85.4 percent sales gain.
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