Nordstrom’s Q4 Revenues Climb 23 Percent
Nordstrom, Inc. reported fourth quarter results in line with the company’s fiscal year 2021 outlook, demonstrating progress against its long-term growth strategy.
Rocky Brands Q4 Sales Surged 93 Percent
Profits at Rocky Brands Inc. rose 29.4 percent in the fourth quarter ended December 31 on a 93.4 percent sale gain.
Big 5 Posts Flat Comps In Fourth Quarter
Big 5 Sporting Goods Corp. reported earnings declined 5.2 percent in the fourth quarter ended January 2 as same-store sales inched up 0.2 percent. The sporting goods chain forecast a steep drop in sales and earnings in the first quarter due to tough year-ago comparisons.
Authentic Brands Group Finalizes Acquisition Of Reebok
Authentic Brands Group announced that it completed the acquisition of Reebok from Adidas. Becoming its largest acquisition to date, the company said it is setting a “new path for Reebok” that capitalizes on the brand’s heritage in sports and fashion.
Acushnet Posts Flat Q4 Revenues On Supply Chain Constraints
Acushnet Holdings Corp. reported sales were flat against year-ago levels as supply chain constraints impacted sales volumes across all reportable segments. The parent of Titleist reported a net loss in the period due to increased inbound freight costs, the negative impact of raw material and component shortages on production costs, lower golf club sales and higher marketing expense. For the year, sales grew 33 percent and adjusted EBITDA surged 41 percent.
Kohl’s Q4 Earnings Tops Wall Street Targets
Kohl’s Inc. reported a decline in fourth-quarter earnings but they topped Wall Street estimates. Sales in the quarter rose 5.8 percent. Kohl’s provided an upbeat outlook for the year.
Mountain Hardwear Expands Leadership Team
Mountain Hardwear, owned by Columbia Sportswear, announced three internal promotions including a new vice president of product line management and merchandising, plus two new hires.
Asics Promotes Yasuhito Hirota To CEO
Asics promoted Yasuhito Hirota to CEO. Hirota has been president and COO for four years and will retain those roles.
Hey Dude Makes Key Appointments
Crocs announced that Pete Gilmore had joined its newly-acquired Hey Dude casual footwear brand as SVP, supply chain while Katie Wagner becomes VP of Hey Dude’s sales.
Gaia’s Q4 Revenues Expand 12 Percent
Gaia reported sales grew 12 percent in the fourth quarter and 19 percent in the year.
Yeti Announces $100 Million Share Repurchase Program
Yeti Holdings, Inc. announced that its Board of Directors has authorized the repurchase of up to $100 million of Yeti’s common stock.
IFit CEO To Step Down Amid Capital Infusion
IFit Health & Fitness announced a capital raise and said its co-founder, chairman, and long-time CEO Scott Watterson would step down from direct management of the company but remain chairman. Steve Barr, chief financial officer, and Mark Watterson, chief experience officer, were appointed co-presidents of the organization.
Brompton Plans To Open New Headquarters In Ashford By 2027
Brompton, the UK’s largest bike manufacturer, announced plans for an eco-friendly headquarters and factory complex in Kent, England, to double its capacity to manufacture more than 200,000 bikes a year.
KYX World Secures Funding Round
KYX World, a sneaker start-up based in Los Angeles, announced its latest fundraising round led by SeventySix Capital, with further investment coming from other key strategic investors including NBA All-Star DeMar DeRozan and Super Bowl Champion Emmanuel Sanders.
Primary Arms Optics Names Director Of Product Marketing
Primary Arms Optics announced it has hired Stephen Morgan as director of product marketing for all its product categories.
