February 14, 2022 Sports Participation Expanded During Pandemic, SFIA Finds
SFIA’s latest top line participation report found “pandemic-friendly” sports still lead the way as socially-distanced activities posted double-digit increases over the past two years and yoga continued similar growth, while the inactivity rate among Americans continued its decline from a 2018 high. Xebio Profits Soar Year-to-Date
Net income for the multi-banner Japanese retailer increased five-fold to ¥4,596 million ($40.4 mm) in the first nine months of its fiscal year, from ¥888 million prior, as revenues grew 12% to ¥167,045 million ($1,469.2 mm) from ¥149,662 million. Kathmandu Hit by Retail Closures in H1
Kathmandu Holdings bounced back in the fiscal second quarter ended Jan. 31 after widespread store closings due the Delta variant, but still expects to end the first half slightly below last year, projecting revenues of about NZ$405 million ($286 mm) down from NZ$411 million. Hanesbrands’ Recovery Called Out by S&P
S&P Global said a favorable outlook for Champion’s global sales growth underpins Hanesbrands’ emergence from the volatility brought on by the pandemic, as it affirmed HBI’s BB issuer credit rating and issue-level rating on senior unsecured debt. JD Sports Fined for Illicit Footasylum Meeting
The U.K.-based retail conglomerate continues to run afoul of regulators there, and has been fined £4.3 million ($5.8 mm) by the Competition and Markets Authority for sharing information with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. Feds Seize $97.8 Million in Super Bowl Merchandise
The National Intellectual Property Rights Coordination Center (IPR Center), in a coordinated effort with other agencies, seized more than 267,511 counterfeit Super Bowl LVI related items, worth an estimated $97.8 million at retail, from Los Angeles flea markets, retail outlets, pop-up shops, street vendors, and online marketplaces. Super Bowl LVI Sees Three SG Companies Run Spots
Skechers, Tonal, and Scheels ramped up their marketing mojo and aired ads on the biggest advertising stage in the world, the Super Bowl. Alpine Ski and Snowboard Sales Bounce Back
Alpine and snowboard equipment sales accelerated in Aug. through Dec. 2021, growing 16% and 29%, respectively, according to NPD Group, after each grew just 3% the year before.
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