February 02, 2023 Skechers Tallies Record Sales in 2022
Net income fell back 81% to $75,515,000 in the final quarter from $402,422,000, lapping a $337.9 million tax benefit last year, on revenue that increased 14% (+19% CC) to $1,878,785,000 from $1,655,385,000. Deckers Hikes Guidance on Strong Hoka Growth
Net income increased 20% to $278,662,000 from $232,943,000 in the seasonally important fiscal third quarter ended Dec. 31, as revenues climbed 13% to $1,345,640,000 from $1,187,752,000 boosted by Hoka sales that nearly doubled. Columbia Eyes 3 to 6 Percent Sales Growth This Year
After navigating supply chain issues and product delivery delays in 2022, Columbia Sportswear is intent on reducing its inventory level to be more in line with demand and generating 3% to 6% revenue growth this year to a range of $3.57 to $3.67 billion. Vista Outdoor Results Slip as Metz Departs
Just before releasing its results for the Dec. quarter, VSTO announced that CEO Chris Metz is out, and has been replaced by board member Gary McArthur on an interim basis. Hanesbrands Shifts Capital Allocation Strategy, Shares Plunge
The Champion parent, faced with numerous near-term challenges that are not expected to wane during H1, lowered its guidance and eliminated its quarterly dividend today as it aims to accelerate debt reduction and shore up its balance sheet. Canada Goose Takes $60 Million Hit from China
Net income was cut 9% to C$137.5 million ($105.3 mm) from C$151.3 million ($115.8 mm) on revenue declined 2% to C$576.7 million ($441.6 mm) from C$586.1 million for the fiscal third quarter ended Jan. 1. JD Sports Plans Aggressive Store Growth
The British retailer will focus most of its expansion in North America and Europe, and plans to open 250 to 350 new JD stores per year over the next five years, focusing on its core banner, under new CEO, Régis Schultz. Fanatics Live to Launch Later This Year
The livestreamed shopping market platform for collectibles and trading cards will be led by former Snap and Alphabet executive Nick Bell. Kohl’s Makes it Official: Tom Kingsbury is CEO
The KSS board member and former CEO of Burlington Stores was appointed to the post, which he had been filling on an interim basis, permanently. Clarus Names Black Diamond President
CLAR tapped long-time industry vet, Neil Fiske as president, where he’ll be responsible for growing the brand across categories, channels and regions. Varsity Brands Amends and Extends Credit Facility
The parent company of BSN Sports and Varsity Spirit plans to extend the maturity on its $1,331.4 million senior secured first lien term loan by two years to Dec. 2026, according to Moody’s which assigned a B2 rating to the debt. American Outdoor Brands Sues over Shooting Designs
AOUT’s subsidiary, AOB Products Company, filed suit in CO district court against The Allen Company for infringing on its Lead Sled, Orange Peel, and Ultimate Target Stand marks and designs. Etcetera: Topgolf, Nike, Dick’s, Winchester, Puma, Original Penguin, Under Armour, CCM
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