January 11, 2022
The clogmaker said that Hey Dude can easily hit $1 billion or more in annual revenues by 2024, and will be accretive to its bottom line in year one, in a presentation at the ICR Conference.
CAL raised full-year earnings guidance ahead of its appearance at the ICR Conference, where the company discussed a rebound for its Brand Portfolio and a path to maintain margins at Famous Footwear.
The Swiss sneaker brand was optimistic that the supply shortages from lost Vietnam production would be short lived, noting that its suppliers had returned to full capacity in Dec., at a round table discussion at the ICR Conference.
VF Corp. hired former VP of Nike Direct North America, Nicole Otto, as Global Brand President for The North Face, succeeding the retiring Steve Murray as part of VF’s succession plan.
Amer Sports revealed an agreement reached with a Chinese technology company, Liesheng, to sell its Finnish-based sports watch and dive computer brand, Suunto, which had revenues of €160 million in 2018.
The Eager Beavertons asked the International Trade Commission in Dec. to investigate Adidas’ importation of footwear with knit fabric uppers that they claim infringe on six Flyknit patents.
Revenues at the Chinese footwear maker and retailer slipped 2% in Dec. to $791,891,000 from $809,139,000 in 2020, but inched up 1% for the full year to $8,533,384,000 from $8,445,383,000.
The Centre Partners-backed company, which started in the golf segment and has been aggressively acquiring outdoor brands since 2020, has now been renamed Gathr Outdoors.
The former Remington SVP of global sales and marketing was hired by Walther in 2020 as VP of sales, and was then named president last Sep.