Apparel

Business Is Booming for On Running

On Running reported $237.3 million in first-quarter revenue, beating analysts’ estimates of $167.8 million.

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Allbirds' Q1 Revenue Soars to $62.8M

Allbirds reported a 26% year-over-year increase first-quarter revenue to $62.8 million and a gross profit of $32.6 million.

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Longtime New Era CEO Charged with Felony Reckless Endangerment

New Era Cap Co. CEO Chris Koch was charged with felony after he allegedly tried to run over his girlfriend’s ex-husband on Saturday.

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Hibbett Reports Q4 Loss In Net Income

In its Q4 earnings report, Hibbett reported net income of $17.7 million, down from $23.9 million during the same period in 2021.

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Under Armour Reports $1.53B In Q4 Revenue

Under Armour reported a 9% increase in fourth-quarter revenue to $1.53 billion, beating analysts’ estimates of $1.47 billion.

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Peloton Slashes Projected Apparel Sales by $50M

Peloton reduced its fiscal year guidance on apparel sales from $200 million to $150 million. It also released a heart-rate-monitoring armband.

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Skechers Investor Proposes Aggressive Share Buybacks

An investment fund owning 5.1% of Skechers proposed the sneaker company engage in an aggressive share buyback program.

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Nike Steps Up Production, Increasing Vietnam Investments

Nike saw factory production in Vietnam increase as facilities reopened and workers returned. The company is investing further in Vietnam.

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Under Armour Rakes In $1.55 Billion in Revenue

Under Armour posted third-quarter earnings on Tuesday, recording an 8% year-over-year revenue increase to $1.55 billion.

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Nike’s Earnings Robust Amid Supply Chain Problems

Nike posted $12.2 billion in revenues for the fiscal quarter ending August 31, a 12% year-over-year increase.

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