SGB Update Apparel
Asics Lifts Outlook On Improved Q3
Asics reported net sales in the first nine months of 2020 slumped 13.3 percent to ¥248,206 million due to the impact of the spread of COVID-19. However, the Japanese sporting goods company lifted its outlook for the year as third-quarter results showed improvement.
SportChek’s Q3 Same-Store Sales Dip
Canadian Tire Corp. reported SportChek’s comparable sales growth declined 1.4 in the third quarter. On a constant-currency basis, Helly Hansen’s revenue decreased 0.9 percent.
BSN Sports Partners With The Scout Hub In Conjunction With Under Armour
BSN Sports announced a partnership with The Scout Hub in conjunction with its brand partner, Under Armour. Through this partnership, baseball and softball organizations that use The Scout Hub will receive team apparel, equipment discounts and dedicated products serviced by BSN.
The Buckle’s October Comps Climb 13 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended October 31, 2020, increased 12.7 percent.
HanesBrands Sees Champion’s Revenues More Than Double Sequentially In Q3
HanesBrands Inc., reported sales in the third quarter excluding exited programs and the effect of changes in foreign exchange rates rose 2.6 percent. Highlights included global Champion net sales more than doubling over the previous quarter. U.S. Innerwear sales were up 8.4 percent over last year.
Canada Goose’s Q2 Revenues Slump 34 Percent
Canada Goose Holdings Inc. reported earnings fell 82.8 percent in the second quarter ended September 27 as revenues declined 33.7 percent. Canada Goose noted that Mainland China has returned to growth and adjusted EBIT margin was positive for the first time since the onset of the pandemic.
Sweaty Betty Seeks New Investor
Sweaty Betty is reportedly seeking new investment following strong sales during the lockdown.
Rossignol Group Sets CEO Transition
After 16 years of leading Rossignol Group, Bruno Cercley will hand over the CEO responsibility to Vincent Wauters during the first quarter of 2021. He will keep a non-executive role as president and member of the Board.
NPD Data: U.S. Athletic Footwear Declines In Third Quarter; Activewear Up
Athletic footwear sales declined in the mid-single-digits in the third quarter while activewear saw a low-single-digit increase in the period, according to point-of-sale data from NPD.
NPD Group Acquires Pricing Excellence
The NPD Group has acquired Pricing Excellence, a retail analytics company that uses cloud-based computing technologies to deliver market insights.
REI Co-Op To Open Store In Jackson, WY In Summer 2021
REI Co-op will open its first Wyoming store in Jackson in the summer of 2021. The outdoor retailer also said a previously-announced store in Boca Raton, FL will open on November 13.
Bass Pro To Open Angler’s Lodge In Hollister, MO
Bass Pro Shops has acquired a La Quinta Inn in Hollister, MO and plans to convert it into an Angler’s Lodge.
Pentland Appoints Speedo Brand Director
Pentland Brands has named Kev McFadyen as global brand director for its Speedo brand. He joined the firm two years ago as the brand director for Berghaus, since then “he has successfully led [it] to deliver growth across both financial and brand metrics including the rapid transformation of the brand strategy that has led to the development of new product ranges and expansion into new markets”.
Nike To Layoff 700 At HQ By January
Nike will be laying off approximately 700 employees from its world headquarters in the Beaverton area, according to an October 29 letter the company sent to local and state officials.
Kingswood Capital Management Completes Acquisition Of MEC
Kingswood Capital Management, LP announced that it has completed its acquisition of substantially all of MEC’s assets through the company’s Creditors Arrangement Act. MEC is Canada’s largest outdoor chain with 21 stores.
