SGB Update Footwear
Anta Sports’ Sales Grew 39 Percent In 2021
Anta Sports reported sales for the year ended December 31 vaulted 38.9 percent to RMB49.32 billion ($7.74 bn). Sales for Amer Sports were up 18.1 percent.
SureWerx Acquires Footwear Specialties International
SureWerx, a manufacturer of safety, tool and equipment products, announced that it has acquired Footwear Specialties International (FSI), a maker of safety footwear based in Portland, OR. Terms of the acquisition were not disclosed.
Tennis Sees Significant Growth In 2021 Participation And Equipment Sales
The USTA announced that tennis showed significant growth in participation and equipment sales in 2021, marking the second year for the trend.
Fila Group’s Sales Expand 8 Percent In Fourth Quarter
Korea-based Fila Group reported sales grew 7.9 percent in the fourth quarter and 21.3 percent in the full year. At Fila USA, sales were down 8.7 percent in the fourth quarter but grew 11.5 percent for 2021.
Macy’s Expands Backstage Store-Within-Store Concept
Macy’s announced plans to expand its store-within-store Backstage locations across the U.S. beginning April 9 through June 2022 with 37 new locations nationwide.
Canada Goose Accelerates Expansion Of Japanese Market
Canada Goose Holdings Inc. and longstanding partner Sazaby League Ltd. have entered into an agreement to create the joint venture Canada Goose Japan, with plans to accelerate DTC expansion, including retail stores.
Nike’s Q3 Tops Wall Street’s Targets On Digital Momentum
Nike, Inc. reported earnings topped Wall Street’s targets by 15 cents in the fiscal third quarter ended February 28 with sales also slightly ahead of estimates. Sales grew 8 percent on a currency-neutral basis, led by a 17 percent gain in DTC and a 22 percent gain in digital. Double-digit digital growth in North America, APLA and EMEA offset declines in Greater China.
Merrell Appoints Chief Merchant Officer
Merrell, which is part of Wolverine Worldwide, announced that Sumi Scott was hired as its chief merchant officer.
Foot Locker Hires President, Global Brands
Foot Locker Inc. announced it hired Samantha Lomow as president, Global Brands. Lomow joins the company from Hasbro, Inc., where she was president, Branded Entertainment.
Kohl’s Confirms Buyout Interest From ‘Multiple’ Parties
Kohl’s Corp. acknowledged receipt of multiple preliminary indications of interest in acquiring the company. The proposals received are non-binding and without committed financing.
The Renewal Workshop Acquired By Bleckmann
The Renewal Workshop, based in Cascade Locks, OR, has been acquired by Dutch logistics company Bleckmann.
Under Armour Supply Chain Exec Joins Figs
Jami Pinto, formerly senior vice president, global product supply at Under Armour, has become chief global product and sustainability officer at Figs, the manufacturer of scrubs and medical apparel.
Nordstrom Rack Makes Executive Hires
Nordstrom Rack appointed Nancy Mair as senior vice president, Rack merchandising; Kelley Wotton-Gantner as vice president, divisional merchandise manager; and Stacy Lippa as vice president, Rack supply chain.
Li Ning Sees 2021 Revenues Surge 56 Percent
Li Ning reported earnings more than doubled in the year ended December 31 as sales grew 56 percent.
SV Sports Secures New Funding Round
SV Sports, formerly Schuylkill Valley Sports, has completed a new funding round that included participation from Chris Paul, the 12-time NBA All-Star.
