January 18, 2022
Macellum Capital Management accused KSS’ executive team and board of mismanagement, calling 2021 a “lost year” in a letter sent to the company that demands changes to the board composition and the exploration of strategic alternatives.
Sportsman’s Warehouse posted sales of $299.6 million for the eight weeks ended Dec. 25, coming in flat over the prior year but up 59% from 2019’s $188.1 million.
Jordan was the best-selling sneaker brand on the collectibles-trading platform in 2021, with items trading at an average premium of 60%, StockX revealed in its Current Culture Index annual report.
The National Retail Federation and found record-breaking results in their Holiday wrap up figures that showed a 14% gain to $886.7 billion for the Nov.1-Dec. 31 selling period.
The connected fitness giant hired management consulting firm, McKinsey & Co. to review its cost structure with an eye towards cutting overhead and possibly eliminating some jobs, CNBC reported, based on an internal PTON management call.
The footwear manufacturer’s revenues rebounded in 2021 to about $1,540.6 million, a 36% improvement from 2020’s $1,135.8 million, boosted by a 45% jump in the final quarter to $405.8 million from $280.1 million.
The Chinese sportswear brand posted a high-teens revenue increase for its core brand sales in the final quarter, and a 25% to 30% gain from its 361º Kids brand.
The retailer completed its offering of $750 million of 3.15% senior notes due in 2032 and $750 million of 4.1% senior notes due in 2052, netting about $1.48 billion after expenses.
The Danish footwear brand tapped Tom Berry, who was most recently SVP of global business development at Levi Strauss, to lead its business in the United States.
The Big Cat has filed a trademark application to extend its Puma mark into virtual content, as it looks to develop and sell products in the fast-growing metaverse.
Shultz, founder of the indoor golf stadium operator, is back as CEO, succeeding Dan Mechem who has departed after three months in the role.
The lightweight backyard baseball and softball equipment company has acquired the Steele’s Softball brand ownership and trademark for undisclosed terms.