EXEC: Wolverine Worldwide CEO Lays Out Q1 Results, Tariff Plans and Q2 Growth Estimates
EXEC: REI Members Reject Three Co-op Backed Board of Director Candidates
EXEC: REI Co-op Halves 2024 Net Loss, Improves Margins, Reduces Inventories
EXEC: Puma SE Profit Plunges on Flat Q1 Sales Growth; Confirms 500 Position Cuts
EXEC: Under Armour’s and Mizuno’s So. America Partner Posts High-Teens Q1 Growth
SGB Update
CNBC/NRF Retail Monitor Reveals April Easter/Spring Break Boost
Growth in the Clothing, Footwear and Accessories store sector accelerated from the March trend, and the sector that includes Sporting Goods stores was up 9.2 percent y/y unadjusted in April after a strong 6.6 percent y/y gain in March.
SportChek’s Q1 Same-Store Sales Expand 6.3 Percent
Canadian Tire Corp. reported SportChek delivered a third consecutive quarter of comparable sales growth, up 6.3 percent, driven by strong sales across corporate and franchise stores. Skiing, snowboards, hockey, and outerwear were the top-performing categories in the quarter.
HanesBrands Reiterates FY Outlook as Q1 Tops Targets
After reporting better-than-expected first-quarter results, HanesBrands Inc. reiterated its full-year 2025 guidance, which includes its expected impacts from U.S. tariffs. U.S. sales decreased 1 percent while international sales slid 2 percent but gained 4 percent on a constant-currency basis
Coleman, Marmot Parent’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered the debt ratings of Newell Brands Inc., parent of Coleman, Marmot, Ex Officio, Stearns, Bubba and Contigo and other consumer brands, due to the company’s exposure to weakening discretionary demand for its products and incremental costs from announced tariffs.
Fleet Feet Chicago Opens Ninth Chicagoland Store
Fleet Feet Chicago opened its first Chicagoland store in 1996. The Algonquin store marks the ninth Fleet Feet Chicago network store, owned and operated by Dave and Lisa Zimmer.
SGB Executive
EXEC: Wolverine Worldwide CEO Lays Out Q1 Results, Tariff Plans and Q2 Growth Estimates
First quarter revenue grew by over 5 percent on an ongoing basis and nearly 7 percent on a constant-currency basis, with the results driven by the company’s two biggest brands: Saucony and Merrell.
EXEC: REI Members Reject Three Co-op Backed Board of Director Candidates
Employees and organizers of the REI Union effort have taken credit for running a successful and disruptive attempt to reject the candidates put forward by the co-op’s current Board of Directors and offered up their candidates
EXEC: REI Co-op Halves 2024 Net Loss, Improves Margins, Reduces Inventories
The co-op reported that 2024 net sales declined ~6.2 percent to $3.53 billion, compared to $3.76 billion in 2023, while investing over $282 million back into the co-op community and ending the year in a cash flow neutral position.
EXEC: Puma SE Profit Plunges on Flat Q1 Sales Growth; Confirms 500 Position Cuts
The company reported flat year-over-year sales growth in the first quarter on a currency-adjusted basis and a 1.3 percent decline in reported terms, as Wholesale fell behind and DTC sales posted double-digit growth.
EXEC: Under Armour’s and Mizuno’s So. America Partner Posts High-Teens Q1 Growth
The company, which manages the Under Armour, Mizuno and Olympikus brands in South America, said in its Q1 report that the e-commerce channel continued its strong growth trajectory during the first quarter, posting a 53.8 percent y/y increase for the quarter.
