Crocs Q4 Revenues Surge 61 Percent; Beats Analyst Targets
Crocs, Inc. reported earnings rose 23 percent in the fourth quarter ended December 31. Sales surged 61 percent with a boost from the acquisition of Heydude. Sales of the Crocs brand grew 14.9 percent. Earnings topped analyst estimates.
Milliken Promotes Two Veteran Employees To Lead Polartec
Polartec announced new roles and responsibilities for veteran employees Ramesh Kesh, Ph.D. and Eric Yung.
Nocs Provisions Expands Team
Nocs Provisions hired Jackson Fox as marketing manager and Kasia Wojnar as operations manager.
Outdoor Research Promotes Three Team Leaders To Senior Positions
Outdoor Research promoted Katarzyna Schoewe to vice president Design and Product Innovation, Chris King to vice president Brand Creative and Alex Lauver to senior director of Materials Innovation and Sustainability.
Compass Diversified Completes Sale Of Advanced Circuits
Compass Diversified reported it completed the company’s previously announced sale of its majority-owned subsidiary, Compass AC Holdings, Inc., Advanced Circuits, Inc. parent company, to APCT, Inc.
Strava Names Chief Design Officer
Strava hired Anita Patwardhan Butler as its first chief design officer overseeing all design and innovation, including brand and marketing design, product design, research, and content design.
January U.S. Retail Sales Rebound; Sporting Goods Up 6.9 Percent
U.S. retail sales jumped a seasonally adjusted 3 percent in January from December, the largest monthly increase in nearly two years after declines in the final two months of last year, the Commerce Department said Wednesday.
Paddlesports Industry Leaders Form Paddlesports Trade Coalition
Paddlesports industry leaders gathered in Bentonville, AR, from January 25 to 27, for a leadership summit where the group approved the formation of a new national trade organization.
Ikon Pass Adds Snow Valley To Roster
Snow Valley is the latest ski location to join Ikon Pass. The popular Southern California destination located in the San Bernardino Mountains will be part of the Ikon Pass community beginning February 20, 2023.
Fleet Feet Store Opens In Harrisburg
Fleet Feet opened its second location in central Pennsylvania this past week in Harrisburg, PA.
DMSE Sports Hires Communications Coordinator
DMSE Sports hired Kaite Morgan as the communications coordinator for the brand.
Neiman Marcus Undergoes Layoffs, Realigns Leadership Team
Neiman Marcus Group reported that it plans to lay off about five percent of its employees, or around 500 employees, as “part of a strategic realignment” while making changes to its leadership team.
F45 Training Secures New Financing, Revises Board Structure
F45 Training Holdings, Inc. reported closing a new $90 million subordinated debt facility provided by a consortium of existing investors led by affiliates of Kennedy Lewis Management LP to improve the company’s balance sheet and liquidity.
Famous Footwear Parent Sees Fiscal 2022 Sales Up 7 Percent
Caleres reported that after a stronger-than-expected holiday performance and continued demand for its brands, the company provided preliminary, unaudited fiscal 2022 consolidated sales and earnings per share range that exceeded its expectations.
Topgolf Breaks Ground On New Venue In Lafayette
Topgolf broke ground on a two-story venue in the Acadiana region of Southern Louisiana with a planned opening in late 2023.
