Meijer Opens New Supercenters in Michigan and Northeast Ohio
Meijer opened its first store in Michigan in 1934. Today, it opened a new 159,000-square-foot supercenter in Hillsdale, MI and two new 159,000-square-foot supercenters in Northeast Ohio. This summer, the retailer will celebrate its 90th anniversary as a family-owned Midwest retailer.
EXEC: Mizuno Posts Strong Profit Growth for Fiscal Year on Sales Growth in All Regions
The company reported net sales were ¥229.7 billion in the fiscal year ended March 31. 2924, up 8.3 percent year-over-year. Profit attributable to owners of parent was ¥14.3 billion, up 44.4 percent versus the prior fiscal year.
On Holding Posts Another Strong Quarter in Q1, Led by Expanding DTC Sales
On’s total net sales reached CHF 508.2 million, an increase of 20.9 percent year-over-year and a 29.2 percent increase on a constant-currency basis. The results were led by strong demand and momentum in On’s direct-to-consumer channel.
GU to Open First Overseas Flagship Store in New York in Fall 2024
GU (pronounced as the letters “G” and “U”) was founded in 2006 as a sister brand of Uniqlo and operates approximately 470 stores in Asia, mainly in Japan; this is the first official opening of a store outside of Asia.
Dick’s x WNBA Launch Exclusive Girl’s Apparel Collection
Dick’s Sporting Goods launched an exclusive apparel collection with the Women’s National Basketball Association (WNBA), the first for the retailer and organization.
EXEC: Asics Corp Boasts Record Profit Margins in Q1 as All Regions Post Growth
Reported net sales growth of 21.9 percent, or 14.3 percent in constant-currency (CC) terms, to ¥174.1 billion in the quarter, led by double-digit CC sales growth in Japan, South & Southeast Asia, Greater China and the North America.
Rally House Opens 19th Store in Michigan
The new store, the first in the state’s southwest region, is located at Mall Drive and S. Westnedge Avenue in Portage.
Puma Introduces Genderless Collection with Palomo Spain
The collection celebrates “queer identities, ’80s athletic culture and the glitz of ’70s roller disco, marrying Palomo’s essence with Puma’s heritage of sportswear.”
Big Peach Running Co. Celebrates 20th Anniversary
The business started with one running store. Today it has ten located throughout the Metro Atlanta area, one store in Melbourne, FL, that opened earlier this year, and a mobile shop, Big Peach On Wheels.
EXEC: Solo Brands CEO Outlines Early Progress on Turnaround Plan
Solo Brands, Inc. reported first-quarter sales and adjusted EBITDA topped expectations and noted progress is being made in repositioning its brands for growth. On an analyst call, Chris Metz, CEO, said Solo Stove saw improving DTC trends while Chubbies benefited from the early arrival of a shorts campaign.
Adobe: U.S. E-Commerce Spend Expands 7 Percent Through April
Adobe released its online shopping data for the first four months of 2024, showing sales rose 7.0 percent year-over-year to $331.6 billion. The company’s research found that consumers have traded down to less expensive goods across major e-commerce categories.
EXEC: Vista Outdoor Sees Another Tough Year Ahead
Vista Outdoor, Inc.’s fourth-quarter results met expectations with sales at its Kinetic Group ammunition segment reaching the lower end of guidance while the Revelyst outdoor segment grew organically for the first time in nine quarters. However, conservative guidance was provided for the new fiscal year as market conditions in both the hunt and outdoor channel remain challenging.
CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.
EXEC: Topgolf Callaway CEO Eyes Sales Pickup for Golf Businesses in Back Half
Topgolf Callaway Brands reduced its sales outlook for the year due to weakness at Jack Wolfskin and currency headwinds seen in the first quarter, but officials on an analyst call said that overall profitability came in significantly better than expected and its Topgolf and Golf Equipment segments are both positioned to accelerate growth in the second half.
Unifi Shrinks Q3 Loss on Sales Recovery
Unifi, Inc. lowered its losses year-over-year in the fiscal third quarter ended March 31 as sales for the maker of recycled and synthetic yarns improved 9 percent.
