EXEC: JD Sports Sees YTD Comp Sales Growth Fall Short, Impacting Full-Year View
Company shares plummeted 23 percent on the London Sock Exchange Thursday as the parent of the JD, Finish Line, DTLR, and Shoe Palace retail brands in the U.S. and JD and others worldwide, reported that comp store sales growth was just 1.8 percent for the 22-week yeat-to-date period through December 30.
Academy Sports’ Former President Lands at Groundworks
Groundworks, the foundation and water management solutions company, hired Michael Mullican as CFO. Last October, Mullican stepped down from Academy Sports as president and CFO to pursue personal and professional opportunities.
Digital Brands Group Lays Out Initial 2024 Guidance
In a release, the company said it expects first-quarter 2024 revenues to approximate $6 million, based on $4.5 million in confirmed wholesale bookings.
EXEC: 2024 Look Ahead – Retailers and Brands Define Issues and Opportunities
In this latest installment of the 2024 Look Ahead series, SGB Executive talked with brand leaders and marketers about how their companies plan to address the challenges and opportunities in the market in 2024 and beyond.
UK’s SportsShoes.com Inks Global Marketing Partnership with Parkrun
The UK-based online running shoe, clothing and outdoor gear retailer said in a release it is now exclusively Parkrun’s official retail partner in the UK, while also supporting the global Parkrun community with procurement and distribution of its range of merchandise.
Costco Store in Virginia to Unionize
At the Costco store in Norfolk, VA, employees voted overwhelmingly to join the Teamsters, the largest union in America, marking the first “victory” for workers at a Costco location in two decades.
A Range of Business Issues, Brands and Retailers Top SGB Media’s Most Read for December
December 2023 featured many of the annual recaps and look aheads inherent in end-of-year business reporting; however, traffic and readership also rewarded a piece on Macy’s $5.8 billion buyout offer with the Most Read Article nod for the month.
Aspen Skiing Co. Sues U.K. Skiwear Brand Over Influencer Photos
Aspen Skiing Co. filed a lawsuit against Perfect Moment, the U.K.-based skiwear brand, for sending influencers to its four resorts to “falsely associate” themselves with the brand to “gain reputation” without permission.
Fairmonde Golf Secures Investment LPGA Tour Pro
Fairmont Golf, based in Sheridan, WY, reported that Angel Yin, the American professional golfer playing on the LPGA Tour, had invested and is a shareholder in its women’s apparel golf brand.
Forward Outdoor Apparel Hires Global Brand Director and Head of Product
Forward Outdoor Apparel, the freeskiing and snowboarding apparel brand, appointed Tony McWilliam as global brand director and Lionnel Ducruet as head of product.
EXEC: Outdoor Active Lifestyle Market Leaders Share 2024 Outlook
Feedback unique to this group versus the broader market was the focus on sustainability, responsible sourcing, new technologies focused on renewable and reusable components and textiles, and the looming impact of new rules governing the use of PFAS and its impact on the market.
Xcel Wetsuits Hires Head of E-Commerce
Xcel Wetsuits hired Johnny Gothard to head its e-commerce business in the U.S. and international markets. Most recently, Gothard was director of e-commerce at Rip Curl.
Lands’ End Secures New Term Loan
Lands’ End, Inc. entered into a new term loan of $260 million. The company used the proceeds to refinance its existing term loan ahead of maturity in September 2025.
Golf Rounds Played Jump In November
Golf Datatech reported that U.S. golf rounds played rose 8.2 percent year-over-year in November, rebounding from a slight decline in October.
EXEC: 2024 Look Ahead with Active Lifestyle Market Leaders
SGB Executive reached out to key leaders in the Active Lifestyle space to share their outlook for 2023. This first installment includes a cross-section of insights from Academy Sports + Outdoors, Baird, Fleet Feet, Gore, NSGA, Ortholite, Thermore, RIA, and more.
