Kitsbow Cycling Apparel announced it will discontinue PPE production on February 28 to focus on manufacturing apparel. At the start of the pandemic, in March 2020, Kitsbow pivoted its operations to manufacture face masks initially for medical professionals and first responders, then the general public. “With the wide availability of masks from literally hundreds of […]
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Puma Scores Record-Breaking Year In 2021
Puma’s fourth-quarter sales climbed 14 percent on a currency-adjusted basis as operating profits showed a slight gain, capping off a year that delivered the highest sales and EBIT (earnings before interest and taxes) in the company history. Puma’s currency-adjusted sales grew 32 percent for the year, and the brand expected at least 10 percent growth in 2022.
Kitsbow Discontinues PPE Product Line
Kitsbow Cycling Apparel announced it is discontinuing PPE production on February 28 to focus on manufacturing apparel. At the start of the pandemic, in March 2020, Kitsbow pivoted its operations to manufacture face masks initially for medical professionals and first responders, then the general public. “With the wide availability of masks from literally hundreds of […]
Slinger Closes On PlaySight Interactive Acquisition
Slinger announced the completion of its acquisition of PlaySight Interactive Ltd., a producer of video technology, analytics and automated video production for sports.
Brooks Surpasses $1 Billion In Revenue
Brooks Running reported that it set new records in 2021, ending the year with global revenue exceeding $1.11 billion, an increase of 31 percent year-over-year. This result marks the first time the running brand has reached $1 billion in annual revenue.
Allbirds Opens Store In Carlsbad
Allbirds announced it opened a retail store and community center in Carlsbad, CA. It is the brand’s second store in the San Diego area and 37th globally, with locations across North America, Asia and Europe.
Inside The Call: SportChek Q4 Boosted By Hockey Strength
SportChek’s comparable sales jumped 15.9 percent in the fourth quarter, elevated by a 78 percent surge in the hockey category and the resumption of organized team sports play, officials at Canadian Tire, its parent, said on an analyst call.
Under Armour’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt ratings outlook on Under Armour to positive from stable. The rating agency said Under Armour’s credit measures remain strong due to its high demand, reduced promotional pricing and higher than normal cash balances.
Escalade’s Q4 Sales Dip 1.8 Percent
Escalade, Inc. reported fourth-quarter sales were slightly below year-ago levels due to supply chain disruptions; however, sales were well above sales levels from the fourth quarter of 2019.
Reebok Forms Strategic Partnership With Foot Locker
Authentic Brands Group (ABG) announced a new and enhanced partnership with Foot Locker, Inc. for the Reebok brand within the United States. This includes the exclusivity of basketball shoes from Allen Iverson and Shaquille O’Neal.
Mystery Ranch Undergoes Leadership Change
Mystery Ranch’s founders Dana Gleason and Renée Sippel-Baker will pass the baton of senior leadership and assume roles as Board of Directors. Alex Kutches, the long-time VP of sales and marketing, will assume the role of president.
Inside The Call: Garmin Eyes Flat Fitness Sales In 2022, Double-Digit Gains For Outdoor
Garmin Ltd. saw a mixed performance from its sports-related segments as tough comparisons and supply chain disruptions distorted results. For the current year, Garmin predicted flat sales for the Fitness segment but growth of 20 percent for the Outdoor and 15 percent for the Marine segments.
Inside The Call: Crocs Expects $40M Hit From Supply Chain Disruption In First Quarter
Crocs, Inc. delivered stellar results for the fourth quarter and year ended December 31 but warned that $40 million of orders would shift from the first into the second quarter of the current year due to pandemic-related transit delays. Andrew Rees, Crocs’ CEO, told analysts, “I would say it’s a combination of delays in loading, delays in transit and delays unloading.”
Golftec Opens Location Outside Of Phoenix
Golftec announced the opening of an instruction and club fitting center in Tempe, AZ.
Brooklyn Bicycle Announces First Australian Distribution Partner
Brooklyn Bicycle Co. announced that it has partnered with The Bike Collective, an Australian bike distribution company that sells bikes and accessories to independent bike shops in Australia.
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