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February 09, 2022


Lower Sales and Plunging Margins Send Nautilus into the Red

The bottom line swung to a loss of $13,499,000 against last year’s $28,936,000 profit on revenue that was down 22% to $147,342,000 from $189,259,000 for the fiscal third quarter ended Dec. 31.

Academy Sports Elevated by S&P Global

The ratings agency assigned a BB- issuer credit rating to ASO, and raised its issue-level ratings to BB-, noting that it’s withdrawing the ratings on the public company’s subsidiary New Academy Holding Co. LLC.

Thule’s Q4 Hit By Cost Increases

Net income slipped 6% in the fourth quarter to SEK 154 million ($18.0 mm) from SEK 164 million, despite a 15% top line improvement to SEK 1,846 million ($215.2 mm) from SEK 1,605 million.

Retail Imports Continue to Reach New Heights

Retail imports finished 2021 with a record high total of 25.8 million Twenty-Foot Equivalent Units, up 17.4% from 2020, according the NRF’s PortTracker, which expects strong consumer demand to continue, but imports to grow modestly in the first half of 2022.

Patagonia Sued over Sun Protection Claims

The outdoor brand and retailer Lost Coast Outfitters are being sued in a putative class action that was filed in CA state court, but was then removed to Cen. CA federal court, accusing them of misrepresenting certain apparel items as having 50+ UPF sun protection, when they had far less.

CPSC Recall: Petzl Lanyards, Escalade Tennis Tables

Petzl is recalling about 252 Scorpio Eashook Lanyards with Carabiners because their gate automatic closing system can malfunction, risking injury or death to the user.

Etcetera: Krimson Klover, Kinsey’s, Adidas, Kinona

 
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