SGB Update Footwear
Johnson Outdoors Reports 7 Percent Q1 Revenue Decline
Johnson Outdoors reported sales in the fiscal first quarter ending December 31 declined 7 percent to $153.5 million compared to the prior year’s record-high first fiscal quarter. The quarter’s net sales are 20 percent above the pre-pandemic December 2019 quarter’s net sales.
Asics Ventures Invests In Real-Time Sports Analysis Applications
Asics Corporation announced that its investment subsidiary, Asics Ventures Corp., has invested in Edge Limited (RUN.EDGE), a provider of real-time sports video analysis applications, including FL-UX, Pitchbase and Taguru.
Foot Solutions Acquires Happy Feet Plus
Foot Solutions Inc. announced the acquisition of the Florida-based retailer Happy Feet Plus, Inc.
Deckers Brands Raises Full-Year Guidance
Deckers Brands raised its outlook for its fiscal year ended March 31 after reporting third-quarter earnings topped Wall Street estimates. Sales were in line with estimates. Ugg’s sales in the third quarter increased 7.9 percent while Hoka One One’s grew 30.3 percent.
Skechers Announces Record Fourth Quarter And Annual Sales
Skechers USA, Inc. reported earnings nearly doubled year-over-year in the fourth quarter and came in well ahead of Wall Street’s estimates. Sales in the quarter grew 24.4 percent, driven by increases of 30 percent in both its International Wholesale and direct-to-consumer businesses and 5 percent in Domestic Wholesale.
Columbia Sportswear’s Q4 Earnings Run Past Wall Street Targets
Columbia Sportswear Company reported fourth-quarter earnings came in far ahead of Wall Street’s estimates. Sales grew 23 percent to finish the full year ahead 25 percent. Columbia officials predicted sales growth for 2022 in the range of 16 to 18 percent and its board approved a 15 percent dividend increase.
Bouldering Project Acquires Three Brooklyn Boulders Gyms
Bouldering Project, based in Seattle, WA, has acquired three gym spaces in Brooklyn, Boston and D.C., formerly run by Brooklyn Boulders.
HanesBrands’ Q4 Growth Led By Champion, Raises 2024 Full Potential Financial Targets
HanesBrands Inc. reported earnings rose 5.4 in the fourth quarter. Sales grew 4 percent and gained 9 percent on a constant currency basis excluding PPE and 53rd-week sales in 2020. Sales and EPS were in line with Wall Street targets. Global Champion brand sales increased 10 percent over the prior year and 25 percent over fourth- quarter 2019. HanesBrands raised its 2024 Full Potential financial targets.
The Buckle’s January Comps Grow 4 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 29, 2022 increased 4.2 percent from comparable store net sales for the 4-week period ended January 30, 2021.
Foot Locker Appoints New Board Member
Foot Locker, Inc. announced that its Board of Directors has elected Virginia C. Drosos as a director of the Board. Drosos is currently chief executive officer of Signet Jewelers.
ABG Appoints SVP Entertainment And Special Projects
Authentic Brands Group (ABG) has announced Matthew Goldstein has joined the company as senior vice president, entertainment and special projects.
U.S. Ski & Snowboard Names New CMO
U.S. Ski & Snowboard announced the appointment of Guy Slattery as the organization’s new chief marketing officer. Slattery was CMO at Vice Media.
Canadian Tire Announces Chairman Succession
Canadian Tire Corp., Ltd. announced that Maureen Sabia will retire as chairman and from the Board of Directors following the company’s Annual Meeting of Shareholders on May 12, 2022. She will be succeeded as chairman by J. Michael Owens following his re-election as a director at that meeting.
KKR Invests In High School Sports Platform PlayOn! Sports
PlayOn! Sports, a high school sports media company, reached a definitive agreement to receive a significant investment from KKR, the investment firm, alongside PlayOn’s existing shareholder, Panoramic Ventures.
Allbirds Opens Store And Community Center In Charlotte
Allbirds opened a new retail store and community center in the South End. It is the brand’s first store in Charlotte, NC.
