Drive Shack Expands To Kansas City
Drive Shack, Inc. announced it will bring Puttery, its newest socializing experience, to Kansas City, MO.
AAFA Announces Board Of Directors Leadership For 2022/23
The American Apparel & Footwear Association (AAFA) announced the renewal of its Board of Director’s leadership, and eight newly appointed and re-elected Board members.
Caleres Appoints Board Member
Caleres announced the election of Bruce Thorn to its Board of Directors. Thorn is currently the president and CEO of Big Lots, a $6.2B Fortune 500 company operating 1,400-plus stores in the U.S.
Nike General Counsel Exits
Nike general counsel Hilary Krane, resigned from her position to work for Creative Artists Agency. At Nike, Krane provided counsel on corporate law and mergers and acquisitions, brand protection and government affairs. She also worked as co-chair of the Nike Foundation.
Leatt Corp. Announces Record Breaking Year
Leatt Corporation reported earnings more than doubled in 2021 as sales surged 82 percent.
Adidas To Replace Puma As Italy’s Kit Sponsor
The Italian Football Federation (FIGC) signed a multi-year deal with Adidas, ending its nearly 20-year partnership with Puma.
Peloton Appoints Chief Supply Chain Officer And Chief People Officer
Peloton announced that Andrew Rendich will be joining the company as chief supply chain officer, effective March 16, and Shari Eaton, currently senior vice president, global head of people, has been promoted to chief people officer.
The Buckle’s Q4 Sales Rose 19.5 Percent
The Buckle Inc. reported net sales for the 13-week fiscal quarter ended January 29, 2022 increased 19.5 percent to $380.9 million from net sales of $318.8 million for the prior year 13-week fiscal quarter ended January 30, 2021. Comparable store net sales for the 13-week period ended January 29, 2022 increased 20.0 percent.
American Outdoor Brands To Acquire Grilla Grills
American Outdoor Brands Inc. announced that it has entered into an agreement to acquire privately-owned Grilla Grills, a provider of barbecue grills, Wi-Fi-enabled wood pellet grills, smokers, accessories, and modular outdoor kitchens for $27 million in cash.
Peloton Testing Subscription Bike Program
Peloton plans to explore a bike subscription plan under various pricing models in select U.S. markets as it seeks new avenues for growth and a path to profitability.
FDRA Report: Footwear Prices Increased 7 Percent In February
Footwear Distributors and Retailers of America (FDRA) said footwear prices rose 7.0 percent year-over-year, second only to May’s fastest year-over-year increase in 33 years.
Tilly’s Q4 Profits Climb 36 Percent
Tilly’s, Inc. reported earnings jumped 36 percent in the fourth quarter ended January 29 on a 14.9 percent revenue gain and improved gross margins. The action sports chain closed out a record year that saw revenues jump 46.0 percent.
Zumiez’s Sales Advance 4.6 Percent In Q4
Zumiez, Inc. reported earnings fell 10.7 percent year-over -ear but were ahead of levels reached in the fourth quarter of 2019. Sales grew 4.6 percent.
American Outdoor Brands Q3 Revenues Slump, Reduces Guidance
American Outdoor Brands reported sales in the fiscal third quarter ended January 31 slumped 15.1 percent, reflecting a decrease in traditional brick-and-mortar channel net sales. On a two-year basis, sales grew 61.8 percent. The company downwardly adjusted its earnings and sales outlook for the year due to softening demand for firearms products.
Skechers Partners With Decentraland
Skechers said it has become the first lifestyle brand to sign a lease in the Fashion District of Decentraland. The company also recently filed trademark applications to sell virtual goods, including footwear and apparel to explore new growth opportunities in the metaverse.
