September 22, 2022 Columbia Sportswear Reveals New Growth Plan
The outdoor sportswear company unveiled three-year financial targets during its first Investor Day in its 24 years as a publicly traded company, calling for potential double-digit growth on both ends of the P&L driven by footwear, international expansion and digital channels. JD Sports H1 Pulled Down by U.S. Weakness
North American revenues from Finish Line, Shoe Palace, DTLR Villa and a growing number of JD Sports-bannered stores totaled £1,300.4 million ($1,633.7 mm) in the first half ended July 30, down 4% from £1,357.3 last year. Colt CZ Group Revenues Jump in Q2
Net income jumped 79% in the second quarter to CZK 559,975,000 ($24.2 mm) from CZK 312,273,000 on 30% revenue growth to CZK 3,495,613,000 ($151.2 mm) from CZK 2,694,977,000 helped by the addition of a full quarter of sales from Colt, which was acquired in May 2021. Sportsman’s Warehouse Sets 2025 Targets
SPWH is aiming to grow total revenues to $1.8 to $2.0 billion over the next three years, up from $1.5 billion last year, based on low-single-digit comps and an aggressive store opening plan that will push its footprint east. Kohl’s Activist Investor Seeks Ouster of CEO and Chairman
Ancora Holdings Group, which owns about 2.5% of KSS shares, sent the company’s board a letter lambasting it for “sustained underperformance” and for rejecting acquisition interest that would have paid shareholders $64-$65 per share, well above the $27 price now. Manchester United Retail Sales Increase in Final Quarter
ManU’s commercial revenue increased 22% to £63.4 million ($79.6 mm) in the final fiscal quarter ended June 30, as retail, merchandising, apparel & product licensing grew 20% to £26.2 million ($32.9 mm), driven by the return of fans and ramped-up marketing. GSP Bill Would Return More than $700 Million
The GSP “Refund-Only” Bill (H.R. 8906) that was introduced in the House of Representatives by Debbie Wasserman Schultz (D-FL) and Mario Diaz-Balart (R-FL) would return over $700 million in tariffs paid by American companies. HLC, Inc. Acquired by MiddleGround Capital
Private equity firm MiddleGround Capital has acquired bicycle parts and accessories distributor HLC for undisclosed terms. Etcetera: Arc’teryx, Smith, Rally House, Oofos
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