Crocs Debt Downgraded Following Hey Dude Acquisition
Moody’s Investors Service downgraded Crocs, Inc.’s senior unsecured notes rating to B2 from B1 due to debt taken on from its acquisition of Hey Dude.
SFIA Elects New Chairman
The Sports & Fitness Industry Association (SFIA) announced the election of Jonathan Ram, group president, Global Activewear, HanesBrands Inc., as chairman of the SFIA Board of Directors from 2022-2023.
Trek Bicycles Acquires Race Pace Bicycles
Maryland’s Race Pace Bicycles has been sold to Trek Bicycles, with the transition set to occur in March.
Boot Barn Sees Q3 Results Above Wall Street Targets
Boot Barn Holdings reported preliminary results for the third quarter of fiscal year 2022 ended December 25 that were ahead of Wall Street consensus targets.
Under Armour And BSN Sports Named Official Outfitters Of ABF Athletics
The ABF Academy Athletic Department announced that Under Armour in partnership with BSN Sports will become the official outfitter of ABF Athletics effective immediately.
Retail Import Growth Levels Out But Volume Remains High
After a year of unprecedented increases, imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Mastercard: Sales Grew 7 Percent In December
Retail sales excluding auto in December rose 6.9 percent compared to December 2020 and gained 8.1 percent against December 2019, according to Mastercard SpendingPulse.
Solo Brands Raises Full-Year 2021 Revenue And EBITDA Guidance
Solo Brands raised its full year 2021 revenue guidance to a range of $400 million to $402 million, well above the high-end of its previous guidance.
Delta Apparel Announces Stronger Than Expected First Quarter Sales
Delta Apparel expects stronger than anticipated sales growth in the first quarter ended January 1. Delta Group and the Salt Life Group each achieved double digit growth in the quarter.
Caleres Raises Fiscal Year 2021 Earnings Per Share Guidance
Caleres announced that it’s raising its previously issued earnings per share outlook for fiscal year ending January 29, 2022.
Crocs Raises 2021 Sales Outlook
Crocs Inc. announced it expects record 2021 revenues with approximately 67 percent growth compared to 2020 up from its previous outlook for 62 percent growth. For 2022, revenue growth for the Crocs brand, excluding HEYDUDE, is projected to exceed 20 percent.
Genesco’s Q4 Sales Through December 25 Climb 18 Percent
Genesco, Inc. announced that total overall sales increased by 18 percent and 9 percent for the quarter-to-date period ended December 25, 2021 versus the same period for fiscal 2021 and fiscal 2020, respectively.
Smart Contact Lens Startup Partners With Adidas And Other Sports Brands
Augmented reality contact lens developer Mojo Vision has partnered with Adidas and several other fitness brands to bring its data-tracking eye lens into the consumer market. The company also announced $45 million in new funding to bring its total investment to $205 million.
PGA Show Enhances Safety Measures For Upcoming Show
The 2022 PGA Show organizers said it has implemented enhanced health and safety measures following CDC guidelines, local public health guidance and host venue protocols for its scheduled in-person Orlando, FL show to be held from January 25-28.
