August 18, 2022
The active category turned in a mixed bag for KSS’ second quarter as strong growth in athleisure and outdoor products were offset by athletic footwear, which was hamstrung by supply chain issues as it faced tough comps from last year’s spike.
First half net income attributable to shareholders of the footwear maker nearly doubled to $60,547,000 from $31,132,000 as sales climbed 19% to $827,193,000 from $695,465,000, lapping last year’s 36% rebound coming out of the pandemic.
The two sneaker giants have settled their most recent legal dispute over knitted upper technology, according to a joint filing in Portland, OR, federal court asking that the case be dismissed without prejudice.
The parent of Coleman, Marmot, Stearns and other outdoor brands sees Moody’s affirm its positive outlook and Ba1 corporate family rating and other debt ratings.
The family-owned snowboard maker is rumored to be on the block and could fetch as much as $800 million, Bloomberg reported, but the news was vehemently denied by Burton chairwoman Donna Carpenter in a letter to employees.
Handgun imports rebounded in Apr., according to ITC data compiled by the NSSF, growing 4% to 471,589 units, including a 3% gain in pistol imports to 437,663 units and a 16% increase in revolvers to 33,926 units.
Tristar Arms is voluntarily recalling some of its Viper G2 .410 Shotguns because a shotshell prematurely released while loading or unloading can detonate.