American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.
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The Running Event Draws 200 Exhibitors
The Running Event, held last week in Austin, said it drew 200 exhibitors, marking a return after being canceled in 2020 due to the pandemic.
Inside The Call: Lululemon’s Momentum Stretches Into Q3
Lululemon raised its full-year guidance as strong momentum in its core business in North America is expected to offset dimmed near-term expectations for its Mirror connected fitness platform as well as supply chain headwinds. Calvin McDonald, CEO, told analysts, “Our strength continues to be broad-based and balanced across every facet of our business, including channel, category, activity, gender, and geography.”
Vail Resorts Shrinks Q1 Loss
Vail Resorts, Inc. reported a slightly narrower loss in its fiscal first quarter ended October 31, strong pass sales results for the upcoming 2021/22 North American ski season, and reaffirmed its guidance for Resort Reported EBITDA for fiscal 2022.
Lululemon Again Hikes Outlook On Q3 Beat
Lululemon Athletica Inc. reported net income rose 30.7 percent in the third quarter on a 30 percent revenue gain. Results topped guidance and the retailer raised its outlook for the year.
Mustang Survival Acquires Government & Commercial Marine Business Of Stearns
Mustang Survival announced the acquisition of the Government & Commercial Marine business of Stearns.
Thor Industries Defies Supply Chain Disruption To Deliver Another Blowout Quarter
Thor Industries’ earnings doubled in the first quarter ended October 31 and sales jumped 56.0 percent, again crushing Wall Street targets. Bob Martin, president and CEO said, “It seems the market focuses on the supply chain and labor challenges that our industry is facing right now more than it does our performance in the face of those challenges.”
USTA CEO To Step Down In March
USTA CEO and Executive Director Michael Dowse will step down from his position effective March 2022. Dowse was named USTA CEO and Executive Director in October 2019 after six years as president of Wilson Sporting Goods Co.
Vail Resorts To Acquire Seven Springs Mountain Resort
Vail Resorts, Inc. announced it had agreed to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area.
The Ironman Group Appoints CMO
The Ironman Group announced it has hired Suzanne Cohen as Chief Marketing Officer (CMO).
GSM Outdoors Appoints VP Of Fishing
GSM Outdoors announced the hiring of Crispin Powley to the position of vice president of fishing.
Thor Industries Q1 Sales Expand 56 Percent
Thor Industries reported net earnings rose 113 percent in the first quarter ended October 31 as sales rose 55.9 percent. Consolidated RV backlog as of October 31 increased over 100 percent.
Golftec Opens In Memphis
Golftec continues to expand its nationwide footprint announcing the opening of an instruction and club fitting center in Memphis, TN.
Puma Partners With Oklahoma’s FC Tulsa
Puma has formed a multi-year agreement to be the Official Soccer Apparel Partner of FC Tulsa, the American professional soccer team.
McKinsey: 10 Themes Driving Fashion’s Recovery In 2022
Aided by new digital frontiers, advances in sustainability and hopefully a return to more socializing, McKinsey’s The State of Fashion 2022 conducted in collaboration with the Business of Fashion (BoF) found the fashion industry positioned to rebound in 2022. Executives in its study predicted that supply chain pressures, the rise of domestic luxury spending amid muted international travel and the continuing evolution of digital channels would have the greatest impact on their businesses in 2022.
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