Brooks Surpasses $1 Billion In Revenue
Brooks Running reported that it set new records in 2021, ending the year with global revenue exceeding $1.11 billion, an increase of 31 percent year-over-year. This result marks the first time the running brand has reached $1 billion in annual revenue.
Dillard’s Sees 37 Percent Jump In Q4 Same-Store Sales
Dillard’s, Inc. reported earnings grew nearly five-fold in the fourth quarter ended January 29 as sales jumped 37 percent. Both earnings and sales topped Wall Street targets.
Macy’s Fourth Quarter Results Exceed Expectations
Macy’s Inc. reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround plans.
Camping World Announces 25 Percent Regular Dividend Increase
Camping World Holdings, Inc. announced that its Board of Directors has increased the company’s quarterly dividend by 25 percent.
Wish Unveils Shoppable Video Feature
Wish, the mobile e-commerce platform, announced the rollout of Wish Clips, its shoppable video feature.
JD Sports Raises Full Year Profit Outlook
JD Sports Fashion Plc said that total same-store profits for the twenty-two weeks to January 1 were more than 10 percent ahead of the same period in 2020 with equally positive performance across the Black Friday and Christmas period.
Nike To Return To Beaverton Headquarters On May 2
Nike announced a “phased return” to U.S. offices, with most workers required back by May 3.
Camping World Collaborates With Eddie Bauer
Camping World Holdings, Inc. announced a partnership with Authentic Brands Group (ABG) to launch a line of towable and motorized RVs under the Eddie Bauer name, as well as expand Eddie Bauer assortments across its store base and online.
Lids Launches E-Commerce Site For Limited Product Releases
Lids has launched a new website, LidsHatDrop.com, for exclusive product drops.
Report: Super Bowl Generated $170M In In-Game Brand Exposure
NFL sponsors Nike, Pepsi and Bose scored highest in brand exposure during the 2022 Super Bowl, according to a report by Hive and Elevate obtained by CNBC.
Mindbody Executes Multi-Year Agreement With Exos
Mindbody announced it renewed its strategic partnership with Exos. The three-year agreement will see Exos using Mindbody’s technology across its more than 200 locations.
Allbirds Opens Store In Carlsbad
Allbirds announced it opened a retail store and community center in Carlsbad, CA. It is the brand’s second store in the San Diego area and 37th globally, with locations across North America, Asia and Europe.
Crocs Completes Acquisition Of HeyDude
Crocs, Inc. announced it has completed its previously announced acquisition of HeyDude, a privately-owned casual footwear brand. The closing is effective February 17, 2022.
Hibbett Sees Q4 Results Coming In Below Guidance
Hibbett, Inc. said fourth-quarter results will come in below guidance due to lower traffic and transaction counts in the back half of the quarter. EPS is now expected in the range of $1.18 to $1.25 against guidance of $1.85 to $2.05. Same-store sales decreased 1.0 percent which is below guidance of positive high single-digit comp sales.
Fanatics To Acquire Mitchell & Ness
Fanatics has partnered up with a number of celebrities, including the rapper Jay-Z and the D’Amelio family of TikTok fame, to purchase Mitchell & Ness, best known for its throwback jerseys. The deal valued Mitchell & Ness at about $250 million, according to reports.
