Iconix Consolidates Control Of Pony
Iconix International Inc., which secured the North American rights to the Pony in 2015 for $37 million, has acquired the rights to the sneaker brand in the rest of the world, except in China and Taiwan.
Golftec Opens Location Outside Edmonton
Golftec announced the opening of an instruction and club fitting center in Sherwood Park, Alberta, Canada.
Dynamic Brands Expands Corporate Staff
Dynamic Brands appointed Alex Davis as its new controller, while Diana Smalls recently joined the company as its senior accountant.
Vice Golf Secures Investor
The pan-European private equity firm Oakley Capital announced it is investing in Vice Sporting Goods GmbH, the digitally native golf brand doing business as Vice Golf.
Report: Peloton Looking To Sell Up To 20 Percent Stake
According to a Wall Street Journal report, Peloton is targeting “industry players and private-equity firms” to sell a stake in its business of around 15 percent to 20 percent to support its turnaround efforts.
Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness
Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.
Under Armour Sees 3 Percent Growth In March Quarter
Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.
Adidas And Foot Locker Announce New Long-Term Strategic Partnership
Adidas AG and Foot Locker, Inc. announced a new partnership built around product, elevated and deeper consumer connectivity. This makes Foot Locker Adidas its lead partner in the basketball category.
Compass Diversified Sees 25 Percent Revenue Growth In Q1
Compass Diversified Holdings (CODI) reported earnings from continuing operations rose 41 percent as sales gained 25 percent. The parent of a number of businesses in the active lifestyle space raised its earnings guidance for the year.
Fox Factory Sees 34 Percent Growth In Q1
Fox Factory Holding Corp. reported earnings on an adjusted basis grew 44.5 percent in the first quarter ended April 1 on a 34.4 percent revenue gain.
Fanatics Appoints Two Board Members
Fanatics announced the appointment of Fintech, e-commerce and marketing executives Lydia Jett and Jonathan Mildenhall to its board of directors.
HanesBrands Sales Expand 7 Percent In First Quarter
HanesBrands, Inc. reported net sales in the first quarter increased 7 percent on a constant-currency basis with 6 percent growth for Champion on a global basis. U.S. Innerwear sales increased 1.5 percent over the prior year. Earnings and sales exceeded guidance and the company reaffirmed its guidance for the year.
HanesBrands Names President Of Global Activewear
HanesBrands announced that Vanessa LeFebvre was appointed president of global activewear. In this role, LeFebvre will drive global Champion brand growth focused on innovation, key markets and new channels.
Acushnet’s Q1 Revenues Gain 4 Percent
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported sales in the first quarter ended March 31 of $606.1 million, up 4.3 percent year over year and ahead 7.6 percent in constant currency. First-quarter net income reached $81.0 million, down 4.7 percent year over year.
Vista Outdoor’s Q4 Profits Double On 36 Percent Revenue Gain
Vista Outdoor reported earnings on an adjusted basis doubled in the fiscal fourth quarter ended March 31 as sales grew 36 percent. Sales grew 56 percent in the Sporting Products segment due to strong demand, increased volume from the Remington acquisition and favorable pricing and mix. Outdoor Products segment sales grew 15 percent, by double-digit growth across Outdoor Recreation.
