June 18, 2021
In an amazing rebound from the first quarter of 2020, revenues grew by a third to $50,611.0 million to start 2021 from $37,985.5 million at the 49 industry companies we track, as a sea of red ink gave way to huge profits everywhere.
The brand’s owner, Chinese sportswear company Xtep, elevated K-Swiss VP of sales Dave Grange to lead the business as international brand president, succeeding 12-year company veteran Barney Waters, who is leaving for another opportunity.
The Seattle-based private equity firm acquired the insole maker for undisclosed terms, planning to invest to grow the brand, product portfolio and geographic reach.
Handgun imports increased 74% to 472,668 units in Mar., according to ITC data compiled by the NSSF, including a 78% jump in pistols to 441,537 units and a 28% gain in revolvers to 31,131 units.