Under Armour Partners With USA Football
As the official and exclusive uniform, apparel and footwear partner of USA Football, including the U.S. men’s and women’s national teams, UA will also outfit the first Olympic team for the 2028 Summer Games as flag football and USA Football’s U.S. National Teams make their Olympic debut.
Academy Sports’ Q1 Earnings Miss Wall Street Targets
Academy Sports and Outdoors, Inc. reported first-quarter earnings on an adjusted basis slid 20.8 percent and came in lower than analyst expectations for the second straight quarter. Same-store sales were down 5.7 percent, and gross margins were off slightly. Steve Lawrence, CEO, said, “Our customers remain under pressure in the current economic environment.”
Le Coq Sportif Parent Posts Loss In 2023
Airesis, the Swiss holding company that owns the Le Coq Sportif French sports brand and Movement skis, recorded a negative EBITDA of CHF 20 million ($22 mm) and a net loss of CHF 36 million ($40 mm) in 2023.
Waiting Period Ends In JD Sports Bid For Hibbett Sports
Hibbett, Inc. said in a regulatory filing that the Hart-Scott-Rodino waiting period for the proposed acquisition by JD Sports expired, effective June 7, removing any objections from the federal government to the deal on antitrust grounds.
Primark to Open Store in Tysons Corner
Tysons Corner Center in Tysons, VA, will open on July 16, increasing the retailer’s U.S. store count to 25 in 10 states and over 445 stores globally.
April Golf Rounds Show Slight Gain
Golf Datatech, which has agreed to be acquired by Circana, reported that the national rounds of golf played were up 0.8 percent for the month of April year over year and are up 4.2 percent in the first four months of the year.
CNBC/NRF: Retail Sales Jump in May After Slow April
May’s year-over-year gains align with what was seen earlier in the year, and the month-over-month increases are the largest in over a year.
Golden Goose’s Debt Ratings Upgraded On Strong Q1, Upcoming IPO
S&P Global Ratings raised the debt ratings on Golden Goose SpA due to its strong operating performance in the first quarter marketed by 12 percent growth on a constant-currency basis. The company said the Italian luxury brand’s producer’s ratings could be further upgraded upon the expected completion of an initial public offering.
Monthly Import Cargo To Hit Highest Level Since 2022
Retailers, however, are also facing supply chain challenges with congestion at overseas ports that are affecting operations and shipping rates.
EXEC: Vista Outdoor Receives New Bid For Ammo Business, JDH Capital Reported Bidder
Vista Outdoor reported it received an all-cash $2 billion takeover offer for its ammunition business from an unnamed private U.S. investment firm. JDH Capital, the investment group run by Texas oil billionaire Jeffrey Hildebrand, is behind a new bid, sources told the Financial Times.
Rally House Opens Third Wisconsin Store, Second in Louisiana, First in Colorado
Rally House’s third store in Wisconsin is now open, Rally House Brookfield Square. The retailer also broadened its market reach in Louisiana with its second store in the state, Rally House Tanger Gonzales. Rally House Castle Rock in Colorado pushes the company past a milestone, as they are now in 20 states nationwide.
TJX Companies Plans Joint Venture in Mexico with Grupo Axo
TJX does not anticipate this proposed transaction with Guppo Axo, the operator of global brands in Mexico and South America that includes both full- and off-price formats, to have a material impact on its previously reported sales, profit or earnings per share guidance for Fiscal Year 2025.
EXEC: Zumiez Saw U.S. Business Return to Growth in Q1; Sees Global Growth for Year
Looking to Q2, net sales for the North America business for fiscal May increased 2.5 percent year-over-year, while the Other International business decreased 1.1 percent. Men’s was said to be the largest positive comparable sales growth category followed by Women’s.
Nike Deepens Commitment to Champion Women’s Sports
Nike’s Athlete Think Tank, now in its third year, has expanded adding ten women athletes and four elite women coaches to the collective.
Marquee Brands Acquires Totes Isotoner Corp. with Randa as Partner
Marquee, the parent of the Ben Sherman, Dakine, and Body Glove brands, among others, has partnered with Randa Apparel & Accessories as operating partner.
