Tilly’s Q4 Profits Climb 36 Percent
Tilly’s, Inc. reported earnings jumped 36 percent in the fourth quarter ended January 29 on a 14.9 percent revenue gain and improved gross margins. The action sports chain closed out a record year that saw revenues jump 46.0 percent.
Zumiez’s Sales Advance 4.6 Percent In Q4
Zumiez, Inc. reported earnings fell 10.7 percent year-over -ear but were ahead of levels reached in the fourth quarter of 2019. Sales grew 4.6 percent.
American Outdoor Brands Q3 Revenues Slump, Reduces Guidance
American Outdoor Brands reported sales in the fiscal third quarter ended January 31 slumped 15.1 percent, reflecting a decrease in traditional brick-and-mortar channel net sales. On a two-year basis, sales grew 61.8 percent. The company downwardly adjusted its earnings and sales outlook for the year due to softening demand for firearms products.
Skechers Partners With Decentraland
Skechers said it has become the first lifestyle brand to sign a lease in the Fashion District of Decentraland. The company also recently filed trademark applications to sell virtual goods, including footwear and apparel to explore new growth opportunities in the metaverse.
Fanatics, Lids Open Paris Saint-Germain Store In New York City
Paris Saint-Germain, the French multisport club, has opened a flagship at 587 Fifth Avenue, its first boutique in New York City for the international sports club. The store is part of the Club’s partnership with Fanatics and will be opened and operated by Lids.
Duluth Trading’s Q4 Sales Improve 5.8 Percent
Duluth Holdings, Inc., the parent of Duluth Trading, reported earnings topped guidance in the fourth quarter ended January 30. Sales grew 5.8 percent as retail sales jumped 32.8 percent.
Genesco’s Q4 Earnings Surpass Expectations On In-Store Sales Recovery
Genesco, Inc. reported fourth-quarter earnings on an adjusted basis easily topped Wall Street expectations with a boost from full-price selling and strong in-store sales at Journeys and its other banners. Sales increased 14 percent year-over-year and 7 percent compared to two years ago.
Columbia Appoints New Chief Marketing Officer
Columbia Sportswear announced that it hired Pri Shumate as chief marketing officer for the Columbia brand.
Velocio Apparel Sold To SRAM
Velocio Apparel, the cycling brand, has announced its sale to SRAM marking the company’s first foray into apparel.
Crocs Pauses Business Operations And Importation Of Goods In Russia
Crocs, Inc. announced it paused its direct-to-consumer business, inclusive of e-commerce and retail operations, in Russia. The company has also paused the importation of goods into the country.
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.
Kicks Crew Secures Funding
Kicks Crew, an e-commerce platform for sneakers and apparel, announced the closing of $6 million in Series A funding. The financing was led by Gobi Partners and Pacific Century Group.
ABG Signs With SportChek To Expand Reebok In Canada
Authentic Brands Group (ABG) announced a new and expanded partnership with Canada’s SportChek chain for the Reebok brand. Through the long-term agreement, SportChek will carry Reebok apparel and footwear across 300 of its corporate-owned stores and complementary e-commerce websites.
Therabody Files Six Lawsuits To Protect Its Intellectual Property
Therabody announced the filing of a lawsuit against the TJX Companies and five additional lawsuits against unauthorized Amazon resellers for patent and trademark infringement on its Theragun and related proprietary technologies.
Wearables Deliver Double-Digit Growth For Q4 And The Year
The worldwide wearables market hit a new record high in the fourth quarter of 2021 (4Q21) as shipments reached 171 million units, up 10.8 percent from the same quarter last year, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
