March 09, 2021
Net income in the final quarter ended Jan. 30 more than tripled to $219,614,000 from $69,819,000 as revenues surged 20% to $3,125,307,000 from $2,608,650,000 including a 19.3% blended comp gain.
The Eager Beavertons moved quickly to fill the role left by Hebert, who resigned last week after news broke of her son’s sneaker resale business, and to address the controversy that resulted.
The 10-year-old bag brand is bringing in the Amer Sports and North Face veteran as its first chief executive officer to lead its expansion into other product categories and verticals.
The Italian outdoor and tactical footwear maker, is being acquired by Italian Strategy Private Equity (ISPE), managed by Riello lnvestimenti Partners, which now holds a 65% stake in the company.
The 13-door east coast surf shop chain is elevating Michele Goodwin, its current VP of retail operations and human resources and a 30-year company veteran, to succeed Debbie Harvey as president and COO.
The fabric technology company said the United States Court of Appeals for the Federal Circuit affirmed the validity of one of its patents in an infringement case against VF Corp.’s The North Face brand.
Crocs wants to sell $350 million 4.250% senior notes due 2029 in a private offering priced at 100% of the principal amount, upsized from $300 million initially, with $180 million of the proceeds going to repay outstanding borrowings under its revolver.