SGB Update Apparel
Kohl’s Sees Q4 Earnings Topping Wall Street Targets
Kohl’s released preliminary fourth-quarter results, anticipating sales will be down about 10 percent year-over-year, and same-store sales will drop 11 percent.
Columbia Sportswear’s Q4 Earnings Decline On Impairment Charges
Columbia Sportswear Company reported earnings in the fourth quarter were down 16 percent due in part to impairment charges tied to retail and its Prana trademark. Sales declined 4 percent. Both earnings and sales, however, topped Wall Street targets. Chairman, President and CEO Tim Boyle said, “I’m encouraged by our e-commerce growth as well as wholesale orders for the Spring and Fall 2021 seasons, which we anticipate fueling our continued recovery in 2021.”
Dick’s SG Will Close Again On Thanksgiving
Dick’s Sporting Goods announced it will close all retail locations and distribution centers on Thanksgiving Day, November 25, 2021. Dick’s also closed on Thanksgiving in 2020.
The Buckle’s January Same-Store Sales Climb 35 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 30, 2021 increased 35.3 percent.
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.
