SGB Update Outdoor
Velocio Apparel Sold To SRAM
Velocio Apparel, the cycling brand, has announced its sale to SRAM marking the company’s first foray into apparel.
Haro Bicycle Expands Product Development, Supply Chain And Distribution Efforts
Haro Bicycle Corporation, based in Vista, CA, announced that it is expanding its product development, sales and supply chain group as part of a company-wide effort to strengthen its capabilities to benefit its dealer and distribution network worldwide.
Adidas Appoints New Managing Director For China
Adidas promoted Adrian Siu to managing director, Greater China. Previously, he was senior vice president – commercial for Adidas in the region.
Thor Industries Sees Strong RV Demand In North America Drive Earnings Beat
Thor Industries reported earnings doubled in the fiscal second quarter ended January 31 as sales expanded 42.1 percent. Thor’s consolidated RV backlog for the second fiscal quarter increased by more than 60 percent year over year.
Adidas Sees Modest Q4 Sales Decline On Supply Chain Challenges
Adidas reported currency-neutral sales declined 3 percent in the fourth quarter due to supply shortages as a result of the lockdowns in Vietnam last year, the challenging market environment in Greater China and pandemic-related lockdowns in the Asia-Pacific. However, currency-neutral sales for 2021 rose 16 percent and Adidas projected will increase at a rate between 11 percent and 13 percent in 2022.
100% Appoints New Leadership Team
100%, the San Diego, CA-based sports performance brand, has appointed new leadership.
Adidas Closes Stores In Russia
Adidas AG is closing its stores in Russia and suspending its online shop, joining Nike, Puma and a wide range of Western businesses that have halted operations in the country following its invasion of Ukraine.
Near-Record Import Levels Expected At U.S. Ports As Congestion Continues
Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion, according to the monthly Global Port Tracker* report released by the National Retail Federation and Hackett Associates.
L. Catterton Acquires Taxa Outdoors
Travel trailer maker Taxa Outdoors announced that the Growth Fund of L Catterton acquired it. RX3 Growth Partners is also an investor. Taxa said the investment would drive its distribution growth and expand its product offerings. The terms of the transaction were not disclosed.
Dick’s SG’s Again Tops Expectations In Q4
Dick’s Sporting Goods reported earnings on an adjusted basis grew 50 percent in the fourth quarter ended January 29 on a 5.9 percent same-store sales gain. Both earnings and sales topped Wall Street’s guidance with the period marking Dick’s largest sales quarter. Earnings are expected to decline in the current year with comps expected in the range of negative 4 percent to flat, but EPS guidance was ahead of Wall Street targets.
Clarus’ Q4 Sales Jumped 55 Percent
Clarus reported adjusted net income grew 55 percent as sales grew 56 percent sales gain. Sales grew 68 percent in 2021 and are expected to climb 25 percent in 2022. Sales in the fourth quarter grew 17 percent in the Outdoor segment (Black Diamond) and 37 percent in the Precision Sport segment (Sierra, Barnes).
Kohl’s Provides Key Updates On Strategic Growth Initiatives
At Investor Day, Kohl’s announced new long-term financial targets and growth strategy that included continued growth in active and casual categories and planned growth for Sephora to a $2 billion business.
Accell Group’s Revenues Climb 6.2 Percent In 2021
Accell Group reported EBIT grew 47 percent in 2021 on a 6.2 percent sales gain.
Leupold & Stevens Names VP, Product Development & Marketing
Leupold & Stevens, Inc. named Tim Lesser its vice president, product development & marketing, effective immediately.
Hibbett’s Q4 Comps Dip 1 Percent
Hibbett Inc. reported fourth-quarter earnings declined 23.9 percent as same-store sales dipped 1.0 percent. Results and guidance were in line with an update given on February 18.
