Brixton Appoints New CFO
Brixton announced that Rick Robertson, the former chief financial officer of Municipal Co, Inc., will join Brixton as its new chief financial officer beginning January 3.
Port Of Los Angeles Headed To Record Cargo Year
The Port of Los Angeles is on track to break a new record for cargo throughput in 2021, processing more volume than any port in the Western Hemisphere. With two weeks left in the year, the Port said it anticipates its final volume will be approximately 10.7 million Twenty-Foot Equivalent Units (TEUs), about 13 percent more than its previous record set in 2018.
Skechers Announces New Operations In The Philippines
Skechers announced that it has transitioned its operations in the Philippines from a third-party distributor to Skechers USA Philippines, Inc. to maximize its growth in the region.
Clarus Acquires Barnes Bullets’ Headquarters In Utah
Clarus Corporation announced that it has purchased the headquarters of its Barnes brand. The building, located in Mona, UT, is both the headquarters and production facility for the Barnes brand. Clarus purchased the building and land for $9.5 million.
Alpargatas To Buy Rothy’s Stake
Alpargatas SA, the Brazilian owner of flip-flop sandal maker Havaianas, reached an agreement to buy as much as 49.9 percent of sustainable footwear brand Rothy’s, Inc. Rothy’s earns a valuation of $1 billion with the transaction.
Nike’s Q2 Exceeds Wall Street Targets
Nike Inc. reported earnings for the second quarter ended November 30 rose 7 percent and easily topped Wall Street’s consensus target. Sales inched up one percent, led by Nike Brand Digital growth of 11 percent, while gross margins improved 280 basis points.
Schwinn Tone Electric Scooters Recalled
About 11,340 Schwinn Tone Electric Scooters (e-scooters) are being recalled.
Copper Fit Partners With Gwyneth Paltrow
Activewear brand Copper Fit announced a new partnership with CEO and Founder of Goop and Academy Award Winning Actress Gwyneth Paltrow. She becomes Copper Fit’s first female brand ambassador.
Reebok Secures Commitment From JD Group
Authentic Brands Group (ABG), which reached an agreement to acquire Reebok in August, announced a new strategic partnership with the JD Group (JD). Through the long-term agreement, JD will carry Reebok apparel and footwear in more than 2,850 of its company-owned stores and websites.
Shoe Carnival Announces New $50 Million Share Repurchase Program
Shoe Carnival Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock.
Johnson Outdoors Vice Chairman To Retire
Johnson Outdoors Inc. announced that Thomas F. Pyle, Jr., director and vice-chairman, will not stand for re-election to the company’s board of directors during its 2022 Annual Shareholder Meeting.
Hanesbrands Partners With Wake Forest
Wake Forest University’s athletics department signed a long-term retail apparel licensing partnership with Hanesbrands, Inc. that includes Alternative Apparel, Champion and Hanes brands.
Dick’s SG Launches $2 Billion Stock Buyback Program
Dick’s Sporting Goods, Inc. said in a regulatory filing that on December 16, its Board of Directors authorized the repurchase of an additional $2 billion of the company’s common stock.
Mastercard: Holiday Shopping Survey Shows Consumers Prefer Online Shopping And Gift Cards
While consumers are returning to their in-store shopping routines, according to a recent Mastercard survey, 56 percent of shoppers have continued to prioritize online shopping this holiday season, citing waiting in lines (72 percent), finding parking (65 percent) and items being out of stock (47 percent) as primary reasons.
American Council On Exercise Welcomes New Executives
The American Council on Exercise (ACE) promoted Chris Goudeseune to vice president of operations, and Lauren Shroyer to vice president of product and innovation.
