Pierer Mobility AG Acquires Felt Bikes; Enters North American Market
“With Felt we are able to expand our bicycle portfolio and also strongly enter the North American market with an established, high-performance brand,” said Stefan Pierer, CEO Pierer Mobility AG.
Mitchell & Ness To Ramp Up Store Openings
Mitchell & Ness plans to open five to six more stores in the U.S. in coming years, CEO Kevin Wulff said in an interview with the Philadelphia Business Journal.
Burlington Stores See Same-Store Sales Climb 16 Percent Against Q319
Burlington Stores, Inc. reported earnings and sales gains for the third quarter ended October 30, 2021 against the third quarter of 2019 but also said freight and supply chain challenges pressured margins in the period.
Dick’s SG Q3 Profits Soar Past Wall Street Targets
Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.
L.L. Bean Sees Inventory Shortages In Coming Weeks
Speaking at Husson University’s Richard E. Dyke Center for Family Business, L.L. Bean’s CEO Stephen Smith said he expects inventory to run low by mid-December due to ongoing supply chain challenges.
Urban Outfitters Posts Record Q3 EPS And Revenues
Urban Outfitters Inc. reported net income of $89 million and record earnings per share of 89 cents in the third quarter ended October 31. Sales grew double-digits on a two-year basis.
NWSL, Nike Sign Long-Term Agreement
The National Women’s Soccer League and Nike signed a long-term agreement that extends a partnership that began with the league’s formation in 2012.
Club Champion Opens In Three New Markets
Custom club fitter Club Champion announced the opening of three new fitting studios, located in Dallas, TX; Columbia, SC; and Little Rock, AR. The studio in Little Rock is the first Club Champion studio in the state of Arkansas.
Adventure Ready Brands Acquires LuminAID
Adventure Ready Brands announced the acquisition of LuminAID, maker of a variety of solar-powered lighting and charging solutions for the outdoors and emergency use. The transaction closed on November 19.
Unifi Reaches Key Sustainability Milestone Ahead Of Schedule
Unifi Inc. said it reached its goal of transforming more than 30 billion post-consumer plastic bottles into its Repreve recycled performance fibers.
Macy’s Announces Plans To Launch Curated Digital Marketplace
Macy’s Inc. announced plans to launch a curated digital marketplace. The new marketplace will significantly expand the company’s assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and bloomingdales.com.
Sentinel Capital Partners Teams With RefrigiWear
Sentinel Capital Partners announced a new partnership with RefrigiWear, a provider of industrial workwear for subzero environments.
Candy Digital Hires Chief Marketing Officer
Candy Digital, Fanetics’ nonfungible token (NFT) company, has hired former Instagram executive, Andre Llewellyn, as chief marketing officer.
Rise Armament Appoints Online Marketing Manager
Rise Armament, a manufacturer and supplier of triggers, components, and firearms, appointed Brock Norman as the company’s online marketing manager.
Primary Arms Optics Names Director Of Product Marketing
Primary Arms Optics announced the hiring of Stephen Morgan as the new Director of Product Marketing for all Primary Arms Optics products.
