February 16, 2023 Crocs Boosted by Heydude, Sandal Rebound in Q4
Net income slipped 11% to $137,735,000 in the final quarter from $154,853,000 on revenue that was up 61% (+65% CC) to $945,162,000 over $586,626,000, including a $279 million contribution from Heydude. Super Retail Group Jumps on Australian Reopening
The down-under retailer hit record H1 results with net income up 30% to A$144 million ($94.5 mm) from A$111 million on A$1,958.2 million ($1,284.9 mm) in sales, up 15% over A$1,705.1 million. SportChek Growth Slows, while Helly Hansen Soars
Canadian Tire’s sports banners posted 2% higher revenues in the fourth quarter to C$637.9 million ($469.7 mm) up from $625.8 million, but comp store sales declined 1.7%, lapping 2021’s huge +15.9% comp. Olympia Sports IP Sold at Auction
The bankrupt retailer’s brand, customer list and other intellectual property was sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Canadian Licensed Products Companies Combine
Inglasco, a Sherbrooke, Quebec-based sports licensing company and hockey puck supplier, has acquired licensed sports novelty company The Sports Vault, which is located in Winnipeg, Manitoba. CPSC Recalls: Linus Bikes, Allpredatorcalls Headlamps, Klim Probes
Linus Bike is recalling about 430 Cesta 500 and Ero 500 electric bicycles because the front fork can crack, posing a crash hazard. Etcetera: Yeti, Foot Locker, Lycra, Gymshark, Golftec, Mountain Hardwear, Selkirk Sport, Nike
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