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Fox Factory Holding Corp. reported sales in its Specialty Sports Group bicycle components segment surged 46.7 percent in the fourth quarter despite continued supply chain constraints. Fox said it will take another nine months to 12 months to fully replenish inventory levels.

Shares of Foot Locker Inc. were trading down about 35 percent in mid-day trading Friday after the sneaker giant announced that a sharp reduction in allocations from Nike would likely result in a high-single-digit decline in comps in the current year. On a call with analysts, Dick Johnson, CEO, stressed his belief that Foot Locker will be better off in the long run by offering consumers a greater variety of brands.

Wolverine Worldwide said Merrell lost at least $50 million in sales in the fourth quarter due to the fallout from the Vietnam factory closures and supply chain challenges are expected to continue to limit growth for Merrell and Saucony in the early part of 2022. However, actions taken to improve supply capacity are set to drive 15 percent to 18 percent overall growth in 2022.

With sales running up 14 percent on a currency-neutral basis in the fourth quarter, Puma recorded record sales and operating profit levels in 2021. For 2022, Puma expects sales growth of “at least ten percent” as strong demand in most countries offsets continuing challenges in China.