February 15, 2023
Holiday came in better than expected at the Famous Footwear parent, pushing preliminary year-end results to a $2.97 billion top line, up 7% over FY ’21 and topping the 4% to 6% guidance.
Sumitomo Rubber’s sports division revenues grew 5% in Q4 to ¥26,676 million ($188.7 mm) from ¥25,327 million last year, a marked deceleration from the 18% growth rate through the third quarter.
Compass Diversified has closed the deal to sell Advanced Circuits to APCT, Inc., a portfolio company of Industrial Growth Partners, and confirmed the pre-tax gain of $100 to $110 million expected when the sale was announced in Jan.
Adjusted sales of sporting goods/hobby/book and music stores inched up sequentially from Dec. and increased 7% to $9,406 million from $8,801 million in Jan. 2021, according to Commerce Dept. data.
The sports agent is launching the new Black-owned sportswear brand that will be “co-authored” with New Balance, with the Boston-based brand helping out with product design.
The Milliken & Company-owned textile maker will now be overseen by Milliken SVP Ramesh Kesh, who was promoted to global business manager of the Polartec business unit as well as the government and defense business unit.
The struggling connected fitness company named Dustin Grosz as permanent CEO of its Precor division after he took the role on an interim basis in Dec., succeeding Rob Barker who departed earlier this month.
The Seattle-based outdoor apparel and gear manufacturer promoted senior creative design director Katarzyna Schoewe to VP of design and product innovation.
The first Bass Pro store to open, in the second half of 2023, is a 63,000-sq.-ft. “Outpost” format in the Youngstown, OH, suburb of Niles, at Howland Commons within the Eastwood Mall complex.
Representatives from 30 paddlesports brands approved the formation of a new national trade organization, at a leadership summit held in Bentonville, AR, on Jan. 25-27.
ISA TanTec, the sustainable cattlehide leather production unit of ISA Next-Gen Materials, recorded lower impact Higg MSI scores in its latest life cycle assessment.