June 07, 2022 Academy Sports Slips on Tough Comparison
Up against last year’s government stimulus-fueled record demand, ASO’s net income dropped 16% in the first quarter to $149,806,000 from $177,796,000 on 7% lower revenues of $1,467,730,000 down from $1,580,333,000. Kohl’s Gets $60 per Share Offer from Franchise Group
A pair of press releases late Monday brought some clarity to the murky waters of Kohl’s sale process as the troubled retailer and Franchise Group Inc. each announced a three-week period of exclusive negotiations between the two parties. Zumiez’ Plans Upsell on Delivery
Zumiez is looking to retail’s past for the future of its omni-channel model while it continues to focus on breaking the traditional distributor model for its brand partners on the international front, the company outlined at the William Blair Growth Stock Conference. G-III Apparel Group Sees Sales and Profits Jump Double Digits
Net income was up 16% to $30,634,000 in the first quarter from $26,321,000 last year, as sales grew 32% to $688,757,000 from $519,910,000.
The Milan-based insulation maker, which pioneered the use of recycled fibers in the early 80s, has now introduced a new 100% recycled synthetic insulation that uses fibers made from PET bottles. Nextiles Raises $5 Million Funding Round
Following recent government grants, the smart fabric technology company raised another $5 million in a seed round that was led by Drive by DraftKings, bringing total funding to-date to over $6 million. Rocky Brands Closing Honeywell Office
RCKY will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business that consisted of Muck, XTRATUF, Servus, Neos and Ranger, and cut its non-manufacturing headcount by approximately 13%. Deckers File Multiple Suits Over Trade Dress
DECK is suing five companies in federal court in three largely similar actions that accuse them of knocking off its Teva Hurricane Drift trade dress with various sandal models. Etcetera: American Outdoor Brands, Rossignol Group, RYU, SportsShoes-com, Umarex
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