March 10, 2022
Net income slipped 31% in Q4 to $62,140,000 from $89,918,000, despite 14% higher sales of $727,660,000, up from $636,801,000, that included 2% growth at Journeys along with a recovery at Schuh and Johnston & Murphy.
Net income slipped 11% in the fourth quarter to $38,204,000 from $42,797,000 on 5% higher revenues of $346,677,000 against $331,536,000.
Net income was up 36% to $12,058,000 from $8,871,000 on revenues that increased 15% to $204,489,000 from $177,920,000, including +12.5% blended comps, including stores and e-commerce.
Canadian Tire outlined major omni-channel investments during its 2022 Investor Day, along with plans to grow private label at SportChek and for international expansion at Helly Hansen.
The South African protective equipment maker saw net income nearly triple to $12,574,437 in 2021 from $4,423,872, as sales surged 88% to $72,475,813 from $38,604,289, growing double digits in all categories and geographies.
ELY has suspended the planned consolidation of its own and Topgolf’s debt with a $950 million term loan, S&P Global reported, but the ratings agency still raised its rating on the existing debt to B from B- and maintained its stable outlook.
The Hong Kong-based sneaker and apparel retail platform raised a $6 million Series A funding round, led by Gobi Partners, Pacific Century Group and Complex China.
SKX filed trademark applications to extend its brand into virtual footwear and apparel, and will open an experiential store in Decentraland, a browser-based platform that allows users to buy plots of land as NFTs.
The maker of the Theragun percussive massager and other recovery aids is suing TJX Companies and five Amazon marketplace sellers, accusing them of trademark infringement and other Lanham Act violations.