REI Co-op Relaunches Lifetime Membership Program
For the first time in its 84 years, REI Co-op is changing how its members can connect with the retailer by relaunching its lifetime membership program.
Culture Kings To Open Flagship Store In Las Vegas
A.K.A. Brands Holding Corp. announced that it has signed a lease with intent to open its first U.S. flagship store in late 2022 for Culture Kings, the streetwear brand, at The Forum Shops at Caesars in Las Vegas.
Signa Sports’ Sales Expand 11 Percent in First Quarter
Signa Sports United N.V. (SSU) reported net revenue grew 11 percent in the first quarter despite supply constraints in the full-bike category. Excluding full-bike sales, net revenue grew 15 percent.
Urban Outfitters’ Q4 Sales Jump 14 Percent On Two-Year Basis
Urban Outfitters Inc. reported total company net sales for the three months ended January 31, 2022, were a record $1.33 billion. Net sales increased 13.9 percent compared to the three months ended January 31, 2020.
Beachbody’s Revenues Slide 4 Percent In Q4
The Beachbody Company, Inc. reported fourth-quarter results exceeded guidance, marked by a 42 percent two-year growth in total digital and nutritional subscriptions and a 21 percent gain in total streams versus 2019.
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.
