Foot Solutions Acquires Happy Feet Plus
Foot Solutions Inc. announced the acquisition of the Florida-based retailer Happy Feet Plus, Inc.
GoPro’s Q4 Revenues Expand 8 Percent
Profits at GoPro Inc. increased 8.2 percent in the fourth quarter on a 9 percent revenue gain.
Deckers Brands Raises Full-Year Guidance
Deckers Brands raised its outlook for its fiscal year ended March 31 after reporting third-quarter earnings topped Wall Street estimates. Sales were in line with estimates. Ugg’s sales in the third quarter increased 7.9 percent while Hoka One One’s grew 30.3 percent.
Skechers Announces Record Fourth Quarter And Annual Sales
Skechers USA, Inc. reported earnings nearly doubled year-over-year in the fourth quarter and came in well ahead of Wall Street’s estimates. Sales in the quarter grew 24.4 percent, driven by increases of 30 percent in both its International Wholesale and direct-to-consumer businesses and 5 percent in Domestic Wholesale.
Arc’teryx Names Chief Financial Officer
Arc’teryx announced that Chris Tham was appointed its Chief Financial Officer, a newly-created role, reporting to CEO Stuart Haselden, effective February 21.
Columbia Sportswear’s Q4 Earnings Run Past Wall Street Targets
Columbia Sportswear Company reported fourth-quarter earnings came in far ahead of Wall Street’s estimates. Sales grew 23 percent to finish the full year ahead 25 percent. Columbia officials predicted sales growth for 2022 in the range of 16 to 18 percent and its board approved a 15 percent dividend increase.
Bouldering Project Acquires Three Brooklyn Boulders Gyms
Bouldering Project, based in Seattle, WA, has acquired three gym spaces in Brooklyn, Boston and D.C., formerly run by Brooklyn Boulders.
Reebok’s Global Creative Director To Exit
Kerby Jean-Raymond, the Pyer Moss founder and vice president of creative direction for Reebok, announced he is leaving the company effective March 1.
NICS Firearms Background Checks Tumble In January
The January 2021 NSSF-adjusted National Instant Criminal Background Check System (NICS) plunged 40.9 percent to 1.19 million from 2.05 million in January 2021.
Sparx Hockey Acquires Minnesota-Based BladeScan
Sparx Hockey, inventors of the Sparx Skate Sharpener, announced it has acquired BladeScan, creator of the BladeScan laser-measurement machine.
Pure Fishing Acquires Svendsen Sport
Pure Fishing Inc., announced the acquisition of Svendsen Sport, a supplier of fishing tackle in Europe and owner of the Savage Gear, Prologic, MadCat, WaterWolf, and DAM brands.
HanesBrands’ Q4 Growth Led By Champion, Raises 2024 Full Potential Financial Targets
HanesBrands Inc. reported earnings rose 5.4 in the fourth quarter. Sales grew 4 percent and gained 9 percent on a constant currency basis excluding PPE and 53rd-week sales in 2020. Sales and EPS were in line with Wall Street targets. Global Champion brand sales increased 10 percent over the prior year and 25 percent over fourth- quarter 2019. HanesBrands raised its 2024 Full Potential financial targets.
Vista Outdoor Hikes Outlook Following Robust Third-Quarter Results
Vista Outdoor Inc. again raised its full-year guidance after reporting earnings surged 104 percent in the third quarter ended December 26 on a 38 percent revenue gain. Results topped Wall Street’s consensus targets. Sales vaulted 60 percent in the Sporting Products segment and gained 17 percent in the Outdoor Products segment.
The Buckle’s January Comps Grow 4 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended January 29, 2022 increased 4.2 percent from comparable store net sales for the 4-week period ended January 30, 2021.
Foot Locker Appoints New Board Member
Foot Locker, Inc. announced that its Board of Directors has elected Virginia C. Drosos as a director of the Board. Drosos is currently chief executive officer of Signet Jewelers.
