Skechers Faces Activist Investor
Tremblant Capital Group, which owns 5.1 percent of Skechers, wrote to the company’s board Wednesday urging it to end its Skechers’ dual-class share structure, start an aggressive share buyback program, pay a dividend and improve its communication with investors, according to a regulatory filing.
Duluth Holdings Hikes Guidance On Strong Q3
Duluth Holdings Inc., the parent of Duluth Trading, sharply raised its guidance for the year after reporting third-quarter earnings tripled year over year on record margins. Sales gains 7.2 percent.
The Buckle’s Comps Climb 36 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended November 27, 2021 increased 36.0 percent from comparable store net sales for the 4-week period ended November 28, 2020.
PVH Corp. Sees Q3 Revenue Gain
PVH Corp. reported third-quarter revenue increased 10 percent to $2.33 billion compared to the prior-year period, despite worsening logistics disruptions in October, including significant U.S. port delays. Sales grew 12 percent for the Tommy Hilfiger brand and 22 percent for Calvin Klein.
Clarus Acquires Maxtrax
Clarus Corporation announced it has acquired Australian-based Maxtrax, a maker of overlanding and off-road vehicle recovery and extraction tracks, for a combination of cash, stock and future consideration.
Play It Again Sports Parent Partners With USA Hockey
Winmark, the parent of Play It Again Sports, has reached an agreement to become the official resale partner of USA Hockey and also an official partner of the organization.
Flagg Bicycle Group Acquires Terry Bicycles
The Flagg Bicycle Group announced that it acquired women’s cycling company Terry Bicycles. Liz Robert will remain president, CEO and shareholder in the company, now named Terry Precision Cycling, and will continue to lead its existing staff at its facility in Burlington, VT.
Waypoint Outdoor Makes Hires
Waypoint Outdoor added several industry veterans to its team of sales reps.
Sparc To Run U.S. Reebok Operations For Authentic Brands Group
Authentic Brands Group (ABG) signed a long-term strategic partnership with Sparc Group to become the core licensee and operating partner for Reebok in the U.S. Sparc, a joint venture between ABG and Simon Property Group, operates Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand and Nautica, among other brands.
SIA Data Shows Increase In Winter Outdoor Spending And Job Creation
Data released by Snowsports Industries America (SIA) shows that winter outdoor consumers are responsible for over $79 billion in spending and support 799,000 jobs.
Xponential Fitness Signs Master Franchise Agreement In New Zealand
Xponential Fitness Inc. announced that it has recently signed a Master Franchise Agreement in New Zealand for three of its brands: CycleBar, StretchLab and Rumble.
Snipes To Acquire Jimmy Jazz
European lifestyle retailer Snipes is expanding its presence in the U.S. by acquiring U.S. sneaker chain Jimmy Jazz. The acquisition will approximately triple Snipes door count in the United States, as the retailer’s store network grows from just over 100 stores to almost 270.
NRF: Nearly 180 Million Shop Over Thanksgiving Holiday Weekend
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. The number of shoppers compares with 186.4 million shoppers in 2020 but exceeded the NRF’s initial expectations by over 21 million and is in line with the average of the last four years.
Thor Industries Announces Promotions
Thor Industries Inc. announced the promotion of Todd Woelfer to SVP and chief operating officer and Trevor Gasper to vice president, general counsel and secretary.
G-III Apparel’s Q3 Sales Climb 23 Percent
G-III Apparel Group, Ltd. lifted its guidance for the year after reporting earnings rose 68.8 percent in the third quarter ended October 31 on a 22.8 percent sales gain.
