February 23, 2022 Puma Finishes Stellar 2021, though China Drags
Net income slipped 68% in the final quarter to €7.9 million ($9.0 mm) from €24.7 million despite 16% higher revenues of €1,767.1 million ($2,019.5 million) up from €1,520.1 million, that was powered by a 33% jump in the Americas region to €727.3 million on strength in North America and Latin America. Wolverine Worldwide Gets Boost from Sweaty Betty
The bottom line had less red ink in the fourth quarter this year, with a net loss of $14.6 million against a loss of $170.7 million a year ago, as revenues climbed 25% to $635.6 million from $509.6 million. Gildan Recovers with Strong 2021 Finish
Net income was up 158% in the final quarter to $173,896,000 from $67,352,000 on sales that increased 14% to $784,251,000 from $690,155,000, including 17% higher activewear sales to $627 million and 3% growth in hosiery and underwear sales to $157 million. Allbirds Sees Sales Accelerating this Year
Net loss widened 12% to $10,440,000 from $9,351,000 on revenues that were up 23% to $97,218,000 from $79,276,000, including U.S. sales that improved 25% to $76,932,000, while international was up 14% to $20,286,000. ABG Taps New Guards Group for Reebok in Europe
Authentic Brands Group has named Farfetch Limited’s New Guards Group as its operating partner for the Reebok brand across Europe. TJX Plans 20 Sierra Stores for 2022
Sierra parent TJX will ramp up the omni-channel outdoor banner’s brick-and-mortar footprint this year, growing it from 59 stores currently by about 20 doors. Etcetera: Naboso, ManaMed, Prestacycle
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