EXEC: Journeys Talks Expanding Teen Girl Reach Beyond Vulcanized and Lifestyle
Journeys will continue its recent focus on a “wider teen audience interested in style and trend” that Genesco estimates is 6x to 7x larger than the market Journeys traditionally served with its past focus on vulcanized and casual shoes.
Genesco Lifts FY EPS Outlook on Q1 Beat; Journeys’ Q1 Comps Climb 5 Percent
The parent of Journeys Group, Schuh Group, and Johnston & Murphy reported a slightly wider loss in the first quarter on an adjusted basis, but results strongly exceeded plan and the retailer raised its earnings guidance for the year.
Bass Pro Shops Plans First Store in New York Metro Area
Bass Pro Shops is planning to open a store in Hicksville, NY, its first store on Long Island and first in the New York Metropolitan area. The Hicksville Bass Pro Shops would be the chain’s only location in downstate New York.
EXEC: Haglöfs Appoints Global Director of Wholesale
Swedish outdoor brand Haglöfs AB appointed Marcus Grönberg as global director of Wholesale.mGrönberg, who is based in Stockholm, will take up his new position effective June 1.
Costco’s Fiscal Q3 Earnings Advance 15 Percent, Comps Jump 9.8 Percent
Costco Wholesale Corp, reported earnings rose 15.3 percent in the fiscal third quarter ended May 10. U.S. same-store sales grew 9.4 percent, or 6.8 percent excluding the impacts from changes in gasoline prices.
The Buckle’s Q1 Earnings Climb 33 Percent, Comps Run Up 5.1 Percent
Profits at The Buckle, Inc. rose 33.2 percent in the first quarter ended May 2 as sales climbed 6.1 percent. Comparable store sales grew 5.1 percent in the quarter.
EXEC: Gap Inc. CFO Expects Athleta’s Q1 Weakness to Continue into Second Quarter
Gap Inc. said same-store sales at its Athleta banner declined 11 percent in the first quarter, below expectations. On an analyst call, Gap Inc. CEO Richard Dickson reiterated that 2026 will be a “rebuild year” for Athleta, but progress in clearing legacy inventory has fallen short of plan.
EXEC: Oboz and Rip Curl Parent KMD is Latest Company to Launch Strategic Business Review
KMD Brands (Group), the New Zealand-based parent of the Rip Curl, Oboz and Kathmandu brands, is the latest to commence a strategic business review, with the purpose of “delivering improved returns for shareholders.”
Adidas Partners with Mall Operator Simon on World Cup Activations
Adidas is partnering with Simon, the shopping mall and outlet center owner, to bring soccer fan experiences and programming to select Simon destinations this summer as the World Cup arrives in North America.
EXEC: Topsports’ Fiscal Year Sales Decline on Decreasing China Foot Traffic, Sluggish Spending
The Chinese sportswear retailer said a 4.7 percent sales decline was “mainly due to the sluggish macro consumption environment and declining offline foot traffic, partly offset by the growth of the online retail business during the year.”
EXEC: Dick’s SG Scores Stock Upgrade, Price Target Hikes Post-Earnings
The parent of Dick’s and Foot Locker secured a ratings upgrade from J.P. Morgan and saw several price-target hikes by other Wall Street firms after the retailer reported first-quarter results ahead of targets. The report left many analysts more convinced that Dick’s legacy business is retaining its momentum and that Foot Locker is on the path to recovery.
EXEC: MEC Opens First Permanent Gear Swap Store in Canada
Canadian outdoor retailer MEC is opening its first permanent MEC Gear Swap retail concept store as part of a broader refresh of its Kelowna store in British Columbia.
Burlington Stores Hike FY Outlook As Q1 Crushes Guidance
Burlington Stores, Inc. reported earnings on an adjusted basis climbed 25.2 percent in the first quarter as total sales advanced 14 percent and same-store sales gained 6 percent. Results were well above company guidance, and the off-pricer again raised its outlook for the year.
Kohl’s Corp. Q1 Earnings Tops Analyst Targets, Posts Best Comps in Four Years
The mid-tier retailer slightly narrowed its loss in the first quarter ended May 2 and exceeded analyst estimates. Same-store sales slipped 1.1 percent, but marked its best showing on a quarterly basis since 2022.
Berghaus Names U.S. Marketing Manager; Hires MOC as Indie Rep Agency
Berghaus appointed Alexis Baden as U.S. marketing manager while forming a partnership with Method Outdoor Collective, an independent sales agency based in Burlington, VT.
