April 15, 2021 Academy Sports Rides Outdoor Momentum into 2021
As its Southern markets relax pandemic restrictions, Academy Sports said it expects pandemic-boosted outdoor sales trends to remain strong, in a presentation to investors at the JP Morgan Retail Round-Up. Puma Pulls Olympic and Soccer Trademark Cancellation Petitions
The Big Cat has withdrawn a host of petitions asking the U.S. Patent and Trademark Office to cancel registrations for the USOC’s and Comité International Olympique’s Olympics city and year marks (e.g. TOKYO 2021), FIFA’s World Cup mark and UEFA’s Euro 2020 mark. Sequential Brands Narrows Loss, but Deadline Looms
Net loss narrowed to $4,460,000 in the final quarter from a loss of $10,779,000 last year helped by $3.7 million in SG&A savings, but licensing revenues were down 5% to $22,962,000 from $24,245,000. Escalade Starts Year with 59% Sales Gain
Net income nearly tripled to $5,442,000 in the first quarter ended Mar. 20 from $1,951,000 last year on 59% higher revenues of $59,191,000 up from $37,289,000, with sales gains led by the archery and outdoor categories. Sporting Goods Sales Soar Lapping Last Year’s Lockdowns
Sporting Goods/Hobby/Book and Music Store adjusted revenues grew 74% last month, lapping the first month of pandemic-caused retail store closures last year, coming in at $9,591 million up from $5,527 million. Outdoor Specialty Retailers See Sales Jump in March
Comping the first month of lockdowns when Covid hit last spring, the 95 members of Grassroots Outdoor Alliance reported an aggregate 101% increase in revenues last month.
The footwear and apparel startup, which recently signed on as Reebok’s successor as title sponsor of the CrossFit Games, has secured an unspecified investment from Exeter Capital, a new Boston-based private equity firm. Dish and Sling Sue Peloton, Icon and Lululemon
The latest intellectual property lawsuit over connected fitness technology came from outside the industry, as the satellite pay TV service Dish, and online streaming video provider Sling sued the three companies in federal court.
KSS had a positive response to its tender offer to retire some of its most expensive long term debt from bondholders, who accepted the retailer’s premium on about $1.04 billion of the notes. Lids Partners with Designer Brands for Canada
DBI will host Lids shop-in-shops in 45 of its 130 Canadian DSW and The Shoe Company stores, selling league licensed apparel north of the border, with the first location set to launch May 15. Etcetera: Dick’s, Wolverine, Primary Arms, TYR, Slinger Bag, Perry Ellis, True Spec Golf
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