Shares of Dick's Sporting Goods closed up nearly 10 percent on Wednesday despite the retailer slashing its guidance for the year due to broader macroeconomic pressures. Lauren Hobart, CEO, told analysts the revision was pre-cautionary while expressing confidence that Dick’s would continue to benefit from the sports and outdoor hobbies began during the pandemic. (Read More)
J.D. Sports Fashion Plc announced that due to an ongoing review of its internal governance and controls, it is accelerating the separation of the roles of chair and CEO. As a result, Peter Cowgill, executive chairman, will step down effective immediately. (Read More)
On, the Swiss running brand, announced the election of Dennis Durkin as an additional independent member of its Board of Directors. (Read More)
Adidas unveiled its upgraded and expanded Adidas North America HQ in Portland, OR. Since the start of the project in 2018, nearly 220,000 square feet has been added, including three new buildings, a new gym, new cafes, additional parking and a sustainable soccer pitch. (Read More)
Golf Datatech’s National Rounds Played Report for April shows that U.S. rounds were down 12.9 percent in the month and off 9.8 percent year-to-date year-over-year. (Read More)
Alterra Mountain Company announced that Jared Smith, company president, will be promoted to CEO effective August 1, 2022. At that time, Rusty Gregory, the current CEO, will step back from day-to-day operations to become its board vice-chairman. (Read More)
Omorpho, the micro-weighted Gravity Sportswear collection, closed a $6 million seed funding round at a $26 million valuation. The investment was led by KB Partners with participation from Greenchain Capital and Madison Square Garden Sports Corp. (MSG Sports). (Read More)
Shares of Caleres, Inc. rose nearly 30 percent Wednesday after the off-price footwear chain reported first-quarter results that came in well above Wall Street estimates and raised its guidance for the year. Famous Footwear marked its fifth straight quarter of year-over-year margin improvement while the Branded Portfolio segment continued its strong recovery. (Read More)
Streamlight, known for its flashlights and other lighting tools, announced three key sales and marketing appointments. (Read More)
Dead Air Silencers announced the promotions of three of its executives into new roles with the company. (Read More)
As part of its commitment to carbon neutrality, Dimension-Polyant, the manufacturer of X-Pac... (Read More)
Dick’s Sporting Goods reported earnings and sales in the first quarter topped Wall Street expectations but reduced its guidance for the year due to “macroeconomic” challenges. (Read More)
Urban Outfitters, Inc. announced a net income of $32 million, or 33 cents a share, in the first quarter ended April 30, 2022, down 40.2 percent from $53.5 million, or 54 cents, a year ago. Sales increased 13.4 percent over the same period last year to a record $1.05 billion. (Read More)
Nordstrom reported sales in the first quarter grew 18.7 percent with sales ahead 23.5 percent for the Nordstrom banner and 10.3 percent for Nordstrom Rack. Core categories including men's and women's apparel, shoes and designer had the strongest growth as consumers updated wardrobes for the return of social events, travel and return to office. (Read More)
Caleres, Inc. raised its 2022 sales and earnings per share guidance after delivering its strongest first-quarter performance for sales, gross profit margins and earnings. Famous Footwear's sales were down 3.4 percent, but the off-price chain achieved another quarter of strong gross profit margin. (Read More)
Sportsman’s Warehouse Holdings, Inc. is scheduled to open a store in Riverton, WY this month. (Read More)
Shares of exercise-equipment maker Nautilus, Inc. touched a 52-week low on the New York Stock Exchange Tuesday after the company reported a loss in the fourth quarter and forecasted an operating loss in the current fiscal year as it navigates a moderating demand for at-home fitness equipment and bloated retail inventories. (Read More)
Last week’s news that Under Armour CEO Patrik Frisk is stepping down next month after a... (Read More)
Grassroots Outdoor Alliance has hired Gabe Maier as president. Maier has worked with the GOA for six years, including two years as a business analyst and four years as vice president). Most recently, he was the director of business development for BrandKeep. (Read More)
To support global growth, putter manufacturer Evnroll has moved its headquarters to Aston Avenue in Carlsbad, CA. (Read More)