April 27, 2022
The Big Cat started 2022 strong, as gains in Europe and Americas more than offset troubles in Asia, resulting in an 11% increase in net income to €121.4 million ($136.4 mm) from €109.2 million, on 23% higher sales of €1,912.2 million ($2,148.5 mm) up from €1,548.8 million.
Brooks Running is projecting a double-digit year-over-year revenue improvement, on top of 2021’s record $1.11 billion, despite tight inventories to start the year caused by the Vietnam factory closures in Q3 last year.
Simon Property and Brookfield Asset Management, which acquired JCPenney from bankruptcy in 2020, have now set their eyes on Kohl’s, according to a New York Post report.
GRMN’s fitness segment sales fell 28% in the first quarter to $220,896,000 from $308,125,000, hurt mainly by a falloff in sales of cycling products compared to last year’s pandemic-driven demand, but all product categories declined.
The recently acquired Osprey Packs added $24.4 million in revenues to HELE’s newly designated Home & Outdoor segment, which also includes Hydro Flask and Oxo, in fiscal Q4 ended Feb. 28.
New Wave Group, the Swedish parent of sports brands Craft and Cutter & Buck and distributor of other labels, reported a 41% increase in first quarter sales to a quarterly record SEK 1,774.9 million ($190.2 mm) as revenues in the Sports & Leisure segment also increased 40%.
The Eager Beavertons opened the 1 million square foot building, the largest at global HQ, combining Nike’s design, insights and product-merchandising teams together for the first time.