March 03, 2022
Acknowledging that the firearms market is returning to historical norms after the surge in pandemic-driven demand last year, SWBI reported net income of $30,542,000 in the fiscal third quarter ended Jan. 31, down 51% from $62,390,000, as revenues slipped 31% to $177,738,000 from $257,634,000.
Athleta sales were up 18% to $439 million in Q4 ended Jan. 31 over $371 million in ’20 and up 52% over $288 million in ’19, including a +42% same store sales compared to ’19.
In its latest funding round, the sports merchandise and memorabilia juggernaut received $1.5 billion from Fidelity Management & Research, BlackRock and Michael Dell’s MSD Capital, the Wall Street Journal reported, citing inside sources.
On the heels of the Dec ’21 Jimmy Jazz acquisition, the international sneaker and streetwear retailer, continues its U.S. expansion by acquiring New England-based sneaker retailer Expressions for undisclosed terms.
Under Dog saw a Los Angeles Superior Court judge rule in favor of UCLA, ordering that the company release documents requested by the school in its lawsuit over UA’s terminated sponsorship, the Baltimore Business Journal reported.
The initial vote tally was 88 votes for and 14 votes against joining the Retail, Wholesale and Department Store Union, and becoming the first REI store in the country to unionize.