SGB Update Apparel
Brooks Running Reports 27 Percent Revenue Gain For 2020
Brooks Running ended 2020 with global revenue of nearly $850 million, an increase of 27 percent year-over-year.
Canada Goose Returns To Quarterly Growth
Canada Goose reported net earnings were down 9.3 percent in the third quarter ended December 27 as sales gained 4.8 percent. Both earnings and sales topped Wall Street’s consensus estimates. Total revenue increased for the first time since the onset of the pandemic.
Massif Appoints General Manager
Massif announced the hiring of Christine Collins as vice president and general manager. Massif most recently worked for Adidas, where she was responsible for textile and garment production in the Western Hemisphere.
Boardriders Appoints Former North Face President As CEO
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, and VonZipper brands, announced that Arne Arens will be joining the company as its incoming CEO, effective March 1. He was was most recently the global brand president of The North Face.
Sportsman’s Warehouse Acquisition Close To Clearing Hurdles
According to a regulatory filing, the statutory waiting period for regulatory approval of Bass Pro’s acquisition of Sportsman’s Warehouse is scheduled to expire on February 5, 2021, although it may be extended by the Antitrust Division or the FTC.
FIVB Partners With CVC Capital To Drive Growth Of Volleyball
The International Volleyball Federation (FIVB) has partnered with CVC Capital Partners Fund VII, the private equity firm, on the launch of Volleyball World, an entity designed to drive growth and investment in volleyball worldwide.
Belk’s Debt Downgraded Over Missed Interest Payment
S&P Global Ratings lowered the debt ratings of Belk Inc. as the department store chain missed the interest payment due on its second-lien term loan and the scheduled amortization payment due on its first-lien term loan.
Puma Named European Top Employer For 2021
Puma has been named Top Employer Europe for the second time in a row by the Top Employers Institute*. This independent award highlights Puma’s efforts to provide an attractive workplace for its employees.
Hudson’s Bay To Lay Off More Than 600 Employees In Canada
Hudson’s Bay Co. said it would lay off more than 600 workers across Canada due to the impact of pandemic-related temporary store closures.
NGF’s Graffis Report Sees Strong Increase In Golf Play In 2020
National Golf Foundation’s Graffis Report shows a 14 percent year-over-year increase in rounds played despite March/April course shutdowns. Total golf participation (on/off-course combined) was up 8 percent year-over-year to 36.9 million participants.
Report: Under Armour To End NFL Licensing Deal
Under Armour is ending its on-field licensing contract with the National Football League, according to a report from the Financial Times. The move will restrict accessory products bearing the Under Armour logo from being worn or displayed on the field during games.
PGA Merchandise Show Connects 11,000 Virtually
The 68th edition of the PGA Merchandise Show, January 26 to 29, shifted to a virtual event in 2021 and drew more than 11,000 attendees from 78 countries, including some 6,500 PGA professionals. Exhibitors included nearly 400 golf brands.
Arc’teryx Appoints CEO
Amer Sports Corporation announced the appointment of Stuart Haselden to the newly-created role of chief executive officer at Arc’teryx Equipment. Most recently, he served as CEO for the lifestyle luggage brand Away. He has also held leadership roles at Lululemon, J. Crew and Saks. He Haselden succeeds Jon Hoerauf, Arc’teryx President.
Amazon Announces CEO Transition
Amazon announced that Jeff Bezos will transition to the role of executive chair in the third quarter of 2021 and Andy Jassy will become CEO at that time. Jassy is CEO of Amazon Web Services (AWS).
PGA Tour Superstore Achieves Record Sales For 2020
PGA Tour Superstore plans to open at least six new stores in 2021, reaching the 50-store milestone by the end of the year. The company also reported record comp-store sales growth while gaining market share for fiscal 2020 despite its brick & mortar doors being closed for nearly two months.
