February 08, 2023
On Under Dog’s last earnings calls before new CEO, Stephanie Linnartz comes on board Feb. 27, executive chairman and founder Kevin Plank articulated the company’s goals of expanding up market and adding more lifestyle product to the assortment.
The Japanese sporting goods brand’s net income declined by 23% in fiscal Q3 ended Dec. 31 to ¥1,393 million ($9.9 mm) from ¥1,814 million due to shrinking margins, despite a 21% sales improvement to ¥48,198 million ($340.9 mm) from ¥39,800 million.
WWW has shed the Keds brand to DSW’s parent and will also grant an exclusive license to DBI for Hush Puppies footwear in the U.S. and Canada, netting Wolverine over $90 million in cash.
Retail imports, which started the first half of the year on fire, finished 2022 with a total of 25.5 million Twenty-Foot Equivalent Units, down 1.2% from the record breaking 25.8 million TEU set in 2021, the NRF and Hackett Associates reported.
Simon Property revealed in its Q4 earnings call that it exchanged its share in Eddie Bauer licensing JV for equity in Authentic Brands Group.
S&P Global echoed Moody’s analysis last week that BSN Sports and Varsity Spirit parent’s extended credit facility was a net benefit, since it pushes out maturities until the end of 2026.