January 13, 2021 Zumiez Battles Store Closures to Holiday Comp Gain
Zumiez said that Q4 was “the most difficult quarter we have ever had” in a presentation at the ICR conference, with headwinds from the Covid-19 resurgence that closed stores in some markets, and restricted hours and traffic in others. Big 5 Finishes 2020 with Q4 Gains
A significant shift to selling hardgoods, which accounted for 60% of last year’s sales compared to 50% in 2019, powered the 430-door west coast retailer to record sales and profits, BGFV said in a presentation at the ICR conference. Dr. Martens Plans IPO in London
The iconic British boot brand plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales, our sister publication Shoe Intelligence reported. StockX Transactions Hit $1.8 Billion Last Year
The online marketplace gross merchandise value of transactions increased by 80% to $1.8 billion in 2020 from $1.0 billion the year before, as it counted more than 7.5 million trades in the pandemic year. SIMA Taps Paul Naudé to Lead Board of Directors
Surf Industry Manufacturers Association members elected Vissla owner Paul Naudé as president of its board, for a two year term ending in Dec. 2022. Allied Cycle Works Hires Drew Medlock as CEO
The Bentonville, AR-based carbon frame bike maker appointed former Moots Cycles president Medlock as its new chief executive in Aug. Aqua-Leisure Industries Gets PE Investment
Grand Rapids, MI-based Blackford Capital has taken an unspecified stake in Aqua-Leisure, which sells swim goggles, swimming aids and pool floats under several brand names. Nike Goes After More Counterfeit Sellers
In their largest such suit filed to date, the Eager Beavertons are suing 186 named defendants who are operating 589 infringing websites through 42 counterfeiting networks, selling knockoff Nike, Jordan and Converse gear online. Etcetera: Grundens, Fanatics, Body Glove
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