SGB Update Footwear
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.
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.
Crocs Reports First Quarter Revenue Growth Of 44 percent
Crocs, Inc. reported that first-quarter revenues jumped 43.5 percent due to the Hey Dude brand acquisition and 18.5 percent growth for the Crocs brand. The company raised its outlook for the year.
Vista To Split Into Separate Outdoor And Sporting Companies
Vista Outdoor, Inc. announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. Following separation, Chris Metz will be appointed CEO of Outdoor Products while Jason Vanderbrink will be appointed CEO of Sporting Products.
Veteran Sales Agencies Form Sierra Outdoor Collective
Level8Sales merged its sales rep agency with Pacific Crest Trading and Endless Adventure Sales to form the Sierra Outdoor Collective serving the Southwest region.
Carhartt Opens First Retail Store In Nashville
Carhartt has opened a retail storefront located at 5019 Broadway Place, Space A-1075 in Nashville, TN. The 4,000-square-foot space features Carhartt-branded products for men, women and kids, including footwear and accessories.
Boot Barn To Open First Store In New Jersey
Boot Barn has signed a lease on a 14,354-square-foot store at Union Lake Crossing in Millville, NJ.
Authentic Brands Group Partners With Macy’s For Reebok Apparel
Authentic Brands Group announced a partnership with Macy’s for Reebok sportswear and activewear for men’s, women’s and kids apparel.
Camping World’s Q1 Sales Climb 7 Percent
Camping World Holdings, Inc. reported earnings were down in the first quarter ended March 31 but represented the second strongest first-quarter earnings in the company’s history. Sales grew 6.7 percent.
Rocky Brands Sees Sales Nearly Double In First Quarter
Profits at Rocky Brands, Inc. grew 63.4 percent for its first quarter ended March 3 on a 90.5 percent revenue gain. The sales gains were boosted by the acquisition of Muck Boot, Xtratuf, Servus, Neos, and Ranger brands.
Weyco Racks Up Record Sales In First Quarter
Weyco Group Inc. reported consolidated net sales in the first quarter ended March 31 were a first-quarter record of $81.4 million for the period compared to $46.9 million in 2021.
Big 5’s Q1 Profits Top Guidance
Big 5 Sporting Goods Corp. reported same-store sales were down 11.4 percent for the first quarter ended April 3 and flat compared to the pre-pandemic first quarter of fiscal 2019. Earnings were also down against year-ago record results but exceeded guidance.
NRF Economist Sees Consumer Strength Despite Inflationary Pressure
The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep shopping as lower inflation eases uncertainty, according to the National Retail Federation’s (NRF) Chief Economist Jack Kleinhenz.
