August 19, 2021
Expanding the category is a strategic priority for KSS, and active sales, including outdoor, increased 40% in the second quarter to 24% of total revenues and were up 20% from 2019, when it accounted for 20% of the top line.
Rebel Sports sales gained 15% to A$1,197 million ($920.7 mm) for the full-year period ended June 26, including a +17.5% store comp and a 36% increase in online sales A$193 million, making up 16% of the total.
Net income rebounded to ¥10,773 million ($98.8 mm) in the fiscal year ended June 30, from a barely breakeven ¥17 million last year, as revenues grew 7% to ¥233,215 million ($2,139.6 mm) from ¥217,943 million.
Net income at the Australian action sports company rocketed up more than five fold to A$33,721,000 ($25.9 mm) over A$6,101,000 for the fiscal year ended June 30 on a 76% boost to the top line, hitting A$266,629,000 ($205.1 mm) from the prior year’s A$151,722,000.
The bottom line improved to ¥259 million ($2.4 mm) in the fiscal first quarter ended June 30, from a loss of ¥345 million last year, on a 78% surge in revenues to ¥11,431 million ($104.5 mm) against ¥6,410 million.
Sales at parent TJX’s Marmaxx group, which includes the omnichannel outdoor retailer along with the much larger T.J. Maxx and Marshall’s banners, grew 86% in the second quarter to $7,349 million from $3,959 million, a 20% improvement from 2019.
The licensed apparel juggernaut, which recently announced an expansion into the broader digital sports arena, will replace Topps as the exclusive baseball card licensee of Major League Baseball and the MLB Players Association, the Wall Street Journal reported.
The NY-based brand management company has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia, who is licensing back the brand for the EMEA region.
Lululemon has made an unspecified investment in Genomatica to help develop renewably sourced and bio-based material for its own product line.
Ravin Crossbows is recalling about 223,600 white arrow nocks because a crossbow can fail to discharge when the trigger is pulled if the nock is not fully engaged with the bowstring.