January 09, 2024
Parties in the Gildan conflict wasted no time in the first full week back in the office setting off a major escalation as a heightened war of words on Monday spilled over to Browning West officially requisitioning a special meeting of shareholders “to be held without delay.”
For a third consecutive year, the Famous Footwear parent will report adjusted earnings of more than $4.00 a share, forecasting FY23 adjusted EPS of $4.10-$4.20 in a release before its 2024 ICR presentation today.
The teen retailer said that revenues declined 7% to $139.7 million in the nine-week Holiday period from $150.9 million last year, comping down 9.0%, including -12.3% in stores partially offset by +1.6% online.
The expense reduction and channel expansion initiatives continue at the connected fitness and nutrition company, which outlined over $200 million in cuts during the ICR Conference.
The 17-year Eager Beaverton will leave the company on Apr. 5, and receive a one-time cash compensation payment of $2.75 million, according to a separation agreement filed with the SEC as part of the Swoosh’s quarterly earnings report.
The Big a appointed John Miller as president of Adidas North America, effective immediately, succeeding Rupert Campbell, who stepped down from the post in Oct.
Platinum Equity has added team uniform and fanwear suppliers, Augusta Sportswear Brands and Founder Sport Group, to its portfolio of companies that includes Jostens, Pelican Products, Hop Lun and Mad Engine.
The Chinese sportswear brand said its retail sell-through increased more than 30% for the fourth quarter, noting the retail discount level was around 30% this year, on par with last year.
Pure Hockey has entered the Arizona market with the acquisition of hockey specialist Behind the Mask and its three stores in Scottsdale and within AZ Ice Peoria and AZ Ice Gilbert.
Precor and its parent Peloton are being sued in DE district court by Lighting Fitness Systems, accusing them of infringing on Lighting’s patent no. 9,818,285.