SGB Update Apparel
Kohl’s Adjusted Earnings Climb 12 Percent In Q4
Kohl’s Inc. reported earnings on an adjusted basis grew 12.3 percent in the fourth quarter to easily top Wall Street’s targets. Sales were down 10.1 percent.
Nike’s GM North America Exits
Nike Inc. announced that Ann Hebert, vice president and general manager, North America geography, has departed from the company, effective today, March 1.
Gaia’s Q4 Revenues Climb 27 Percent
Gaia Inc. reported revenues in the fourth quarter increased 27 percent to $18.6 million from $14.7 million in the year-ago quarter. This was primarily due to growth in members and an increase in average revenue per member.
Compass Diversified Announces Proposed Private Offering Of $750 Million Of Notes
Compass Diversified (CODI) said it intends to commence an offering of $750 million of senior unsecured notes due 2029 in a private offering.
NOBULL, CrossFit Ink Three-Year Games Title Sponsor, Apparel, Footwear Deal
CrossFit announced NOBULL will replace Reebok as title sponsor of the CrossFit Games and Official Footwear and Apparel Sponsor of CrossFit.
Dick’s SG Announces Grand Opening Of Four Stores In March
Dick’s Sporting Goods will expand its footprint with the opening of three Dick’s Sporting Goods locations and one Warehouse Sale location in March.
Berkshire Hathaway Sees 6 Percent Decline In Apparel/Footwear Sales In 2020
Berkshire Hathaway reported apparel and footwear revenues declined 6.1 percent in 2020 compared to 2019.
Adidas Opens Dubai Mall Flagship
Adidas announced the opening of a store at The Dubai Mall, its first flagship store in the United Arab Emirates region.
Moody’s Assigns B1 To Bass Pro’s Term loan
Moody’s Investors Service assigned a B1 rating to the proposed term loan of Great Outdoors Group, LLC, the corporate name of Bass Pro Group. Concurrently, Moody’s affirmed the company’s Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR). The outlook remains stable.
Outdoor Voices Appoints Former Urban Outfitters’ Exec As CEO
Outdoor Voices announced that Gabrielle Conforti has joined the company as chief executive officer. She has spent the last six years at Urban Outfitters, where she has held senior management roles including chief merchandising officer and president.
Big 5 Sporting Goods Enters Into New Five-Year Credit Facility
Big 5 Sporting Goods Corporation announced that it has entered into a new loan agreement with Bank of America. The loan agreement replaces the company’s prior financing arrangement.
Foot Locker’s Q4 Comps Dip 2.7 Percent
Foot Locker Inc. reported earnings in the fourth quarter topped Wall Street’s consensus estimate but sales came in short. Same-store sales in the period fell 2.7 percent.
Fox Factory Sees Q4 Sales Climb 41 Percent
Fox Factory Holding Corp. reported sales grew 41.2 percent in the fourth quarter. This increase reflects a 44.6 percent increase in Specialty Sports Group sales, and a 38.7 percent increase in Powered Vehicles Group sales.
Fanatics Enters China Through Joint Venture With Hillhouse Capital
Fanatics announced that it has formed a joint venture with Hillhouse Capital to support its expansion into China.
Under Armour Reduces Sponsorship Commitments By 47 Percent
Under Armour Inc. reduced its sponsorship commitments by 47 percent to $361.6 million in 2020 from $679.1 million in 2019, according to its just-released annual report.
