SGB Update Footwear
Frasers Group Acquires Studio Retail
Frasers Group has bought online retailer Studio Retail out of administration, the U.K equivalent of bankruptcy proceedings, for £26.8 million ($36M).
REI To Open In Gretna, Nebraska
REI Co-op will open its first Nebraska store in Gretna in fall 2022.
U.S. Golf Rounds Played Drop In January
According to Golf Datatech, U.S. rounds of golf played fell 12.2 percent in January compared to January 2021.
The Buckle Announces Leadership Appointments And Changes To Executive Team
The Buckle, Inc. announced eight leadership appointments to Vice President for the company and changes to its executive leadership team, effective immediately.
Nike Appoints New SNKRS VP
Nike has named Lucy Rouse as its VP/GM overseeing SNKRS, Nike’s marquee app for releases and content, according to an internal e-mail obtained by Complex.
Elevate Outdoor Collective Hires Global Vice President Design/Creative Director
Elevate Outdoor Collective announced it had hired Peter Stolz as global vice president design/creative director.
Emerald Holding Shrinks Loss In Fourth Quarter And Year
Emerald Holding, Inc. reported a smaller loss in the fourth quarter and saw sales more than double as the company benefited from the return of trade show events.
Brooks Promotes Dan Sheridan To President
Following a record-breaking 2021 when Brooks Running exceeded $1 billion in annual revenue for the first time, the company announced that Dan Sheridan would assume a new president and chief operating officer role, partnering with CEO Jim Weber, to support continued growth for the brand.
ABG Partners With New Guards Group For Reebok Europe
Authentic Brands Group announced it has formed a long-term strategic partnership with New Guards Group, owned by Farfetch, for Reebok’s European businesses, luxury collaborations and premium distribution.
Superfeet Hires New CFO; Announces VP Level Promotions
Superfeet announced it hired a new chief financial officer, Cambria Schmidt, to support the company’s domestic and international growth.
Under Armour Announces $500 Million Stock Buyback Program
Under Armour Inc. announced that its Board of Directors has authorized the repurchase of up to $500 million of Under Armour’s outstanding Class C common stock, effective immediately.
Sportsman’s Warehouse Appoints VP Supply Chain/Omnichannel Operations
Sportsman’s Warehouse Holdings, Inc. announced the appointment of Tom Clement as vice president, supply chain/omnichannel operations. In this newly created role, Clement will lead the distribution, transportation, planning/allocation, and omnichannel operations for Sportsman’s Warehouse.
Allbirds’ Q4 Revenues Climb 23 Percent
Allbirds, Inc. reported a slightly wider net loss in the fourth quarter but adjusted EBITDA showed improvement as gross margins expanded 45 basis points and revenue increased 23 percent. The sustainable footwear brand forecasted growth of 28 percent to 32 percent in the current year.
Brunt Workwear Secures $20 Million Series B Funding
Brunt Workwear, based in Boston, announced it had closed on a $20 million Series B funding round to accelerate growth just 17 months after the company launched.
TJX’s Q4 Results Miss Wall Street Targets
TJX Cos. reported earnings came in well above year-ago levels in the fourth quarter as sales grew 27 percent but results trailed Wall Street’s consensus estimates.
