September 14, 2021
The U.K.-based parent of Finish Line, DTLR Villa and Shoe Palace saw U.S. revenues expand 63% to £1,357.3 million ($1,898.3 mm) in the fiscal first half ended July 31, up from £834.3 million last year.
Crocs outlined a five-year growth strategy during its Investor Day, aiming for a CAGR of over 17% to over $5 billion in revenue by FY 2026, driven by key growth pillars digital, sandals and the Asian market.
VSTO expanded on its rationale for acquiring golf simulator company, Foresight Sports, at the C.L. King virtual investor conference, as helping it to diversify away from cyclical categories like ammunition.
Genesco believes it can capably navigate supply chain issues for the balance of the year, it told investors at the C.L. King conference, and is ordering above projected sales figures to rebuild inventory.
GPS will issue $750 million in 3.625% senior notes due in 2029 and a like amount of 3.875% senior notes due in 2031, both priced at 100% of the principal, with the proceeds earmarked for repurchasing high rate debt issued in the early days of the pandemic.
The down-under retailer appointed Cathy Seaholme to lead the outdoor banner, succeeding Alex Brandon, who became CEO of Macpac in 2012 and continued in that role after its acquisition by SRG in 2018.
Surge, which currently sells a line of supplements, is entering the hardgoods space with the acquisition of Barnett Crossbows and its broad range of archery equipment, slingshots and accessories.
McCanna joined Walther Arms in June, 2020 as VP of sales, coming over from bankrupt Remington where he served as SVP of global sales and marketing.
VFC and environmental organization Redress announced the winner of the 2021 Redress Design Award for sustainable fashion design.