Sport Chek’s Q1 Comps Slide 4.3 Percent
Canadian Tire Corp. reported FGL Sports’ retail sales were down 1.4 percent and same-store sales were down 2.7 percent in the first quarter of 2017. Same-store sales at Sport Chek were down 4.3 percent.
Nordstrom Q1 In Line with Expectations
Earnings rose 37 percent while same-store sales dipped 0.8 percent.
Macy’s Q1 Earnings Sink Amid Weak Comps
Macy’s Inc. reported first quarter 2017 earnings of 23 cents per diluted share, or 24 cents per diluted share excluding premiums and fees associated with debt repurchases. This compares with 37 cents per diluted share, or 40 cents per diluted share excluding non-cash settlement charges related to the company’s retirement plans, in the first quarter of 2016.
Kohl’s Q1 Comps Slide 2.7 Percent
Kohl’s Corp. reported sales in the first quarter fell 3.2 percent to $3.84 billion. Same-store sales were down 2.7 percent on top of a 3.9 percent decline a year ago.
Vans Unveils 2017 Custom Culture Competition Finalists
This year, the program set a new record of 3,000 participating schools in the competition.
Adidas Sells TaylorMade At A Bargain
Adidas AG officially announced that it will sell its golf division for $425 million, a steep discount from the $1.4 billion it paid to acquire the brand from the French equipment maker Salomon in 1997.
Dick’s Sporting Goods Shakes Up Leadership Team
Among other changes, André Hawaux, COO, is retiring while Lauren Hobart, formerly head of marketing, becomes president.
Keri Jones, formerly at Target, will join the company as EVP and chief merchant.
Canada Goose Adds Director
John Davison is currently the chief financial officer and executive vice president of Four Seasons Holdings.
Canada Goose Opens Two International Flagship Stores
Continuing its global expansion, Canada Goose Holdings Inc. will open two flagship stores this fall, in London and Chicago. At the same time, the company announced the expansion of its e-commerce channel to seven European markets.
Adidas Promotes Gil Steyaert To Global Operations Chief
Adidas stated that its supervisory board had promoted Western Europe head Gil Steyaert to global operations chief and elevated Karen Parkin, human resources head since 2014, to the executive board.
Smartwool Names Scott Bowers As VP Of Sales
Bowers will oversee all global wholesale, retail and e-commerce sales efforts for the brand.
NSGA Sporting Goods Market Report Shows Retail Sales Increase In 2016
According to the report, consumer retail sales of sporting goods equipment, athletic footwear and athletic apparel increased 2 percent in 2016.
Adidas Sells TaylorMade To KPS Capital Partners
KPS Capital Partners LP will acquire the TaylorMade Golf Company – including the TaylorMade, Adams and Ashworth brands – from Adidas AG for a total consideration of $425 million.
Cocona Says Court Denies Columbia’s Lawsuit Transfer Motion In U.S. Patent Case
Cocona Inc. announced that The United States District Court for the District of Colorado issued an Order denying Columbia Sportswear’s Motion to Transfer the lawsuit that Cocona filed against Columbia for violating U.S. Patent No. 8,945,287 B2.
Smartwool Hires New European Sales Team
The company’s new European sales team will be led by Smartwool EMEA Brand & Sales Director Genevieve Peterson.
