SGB Update Footwear
Nikwax And Páramo Founder Nick Brown Hands Company To Its Employees
Nick Brown, founder of Nikwax and Páramo, has passed control and ownership of both brands to his employees, announcing a newly formed Employee Ownership Trust (EOT) to facilitate the transfer of ownership.
Camping World To Acquire Big Daddy RV’s In Kentucky
Camping World Holdings, Inc. announced an agreement to acquire Big Daddy RV’s in London, KY. The acquisition is anticipated to close in late February and will be the company’s third location in the state.
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China.
NRF Report: Economic Growth Likely To Continue
Coming up on two years since the 2020 recession, the U.S. appears to be at the midpoint of an economic cycle that could continue to see growth even as the Fed raises interest rates to bring inflation under control, NRF Chief Economist Jack Kleinhenz said.
RunSignup RaceTrends Report Shows 21.6 Percent Growth
RunSignup released its Annual RaceTrends Report that showed participation in endurance events on its platform in 2020 and 2021 had an average growth rate of 21.6 percent; however, participation was down from the pre-pandemic year.
PGA Tour Superstore To Open Eight Stores In 2022
PGA Tour Superstore said it reached its 50-store milestone in 2021 and plans to open at least eight new stores in 2022. The expansion plan comes as the retailer said it recorded record sales growth in fiscal 2021 while continuing to gain market share.
Foot Locker CEO Dick Johnson To Chair RILA Board Of Directors
The Retail Industry Leaders Association (RILA) announced that Foot Locker, Inc. Chairman and CEO Richard “Dick” Johnson will serve as the new chair of the Association’s board of directors.
True Fit Appoints CTO And General Counsel
True Fit announced the appointment of Raj Chandrasekaran, as its chief technology officer (CTO), and privacy expert Tracy Gray, as general counsel.
Earth Shoes Appoints New CEO
Earth Shoes has appointed Alison Bergen, formerly CEO of Aerosoles, as CEO. She takes over day-to-day leadership from former president Mark Parsley, who has left the company.
BSN Sports Acquires Nicklasson Athletic
BSN Sports, a division of Varsity Brands, announced it had acquired Nicklasson Athletic based in New Ulm, MN.
Outdoor Retailer Announces Fourth Annual Innovation Awards Honorees
Eddie Bauer earned Product of the Year for the fourth annual Outdoor Retailer Innovation Awards, while Icebreaker, Kathmandu and SheFly Apparel were among the 14 product and service award honorees.
Under Armour Partners With Florida Southern College
Florida Southern College signed a partnership agreement with Under Armour, Inc., through BSN Sports, as the official athletic outfitter for all Moccasin programs.
Reebok Signs Licensing Partner For Middle East And Africa
Authentic Brand Group (ABG) announced that Al Boom Marine (ABM), a company under the portfolio of Scope Investment, will become the operating partner for Reebok in the GCC, the Middle East, including Iraq and Lebanon, and North Africa, which includes Algeria, Egypt and Morocco.
VF’s Q3 Earnings Tops Wall Street’s Targets, Sales Jump 22 Percent
VF Corp. reported earnings on an adjusted basis rose 45 percent in the third quarter ended December 31 and topped Wall Street’s estimates. Sales grew 22 percent led by 28 percent growth at The North Face. Sales grew 8 percent at Vans, 11 percent at Timberland, and 4 percent at Dickies. VF reaffirmed its EPS outlook for the fiscal year while slightly lowering its sales outlook due to lowered growth expectations at Vans.
Boot Barn Q3 Sales Surge 71 Percent
Boot Barn Holdings, Inc. reported earnings more than doubled in the third quarter ended December 25 on a 71 percent revenue gain when compared to the 2019 third quarter.
