The retailer narrowed its first quarter loss and beat expectations for the first quarter but analysts may be a little jumpy as guidance didn’t move higher and may signal internal concerns about the discretionary shopper.
Author: SGB Media
Drew Brees + Partners to Open 19-Court Pickleball Club in Indiana
The Picklr Noblesville is a joint venture between Drew Brees’ BV Pickleball Clubs, LLC and Pickle Indy, LLC, owned by Ron Brock and David Gilreath, local Indianapolis businessmen.
EXEC: Inside the First Quarter Foot Locker Call with Senior Execs
The retailer remains confident they will get more allocation on key Nike product this coming fall and holiday, but is also busy going about the business of doubling Hoka each quarter, expanding Asics fueling New Balance growth and getting on the On brand train for the ride.
VF Corp. Appoints Sun Choe as Vans Global Brand President
Michelle (Sun) Choe has nearly three decades of experience leading design and merchandising for global brands, including Lululemon, Marc Jacobs, West Elm, Madewell, Urban Outfitters, Levi’s, and the Gap. She joins VF from Lululemon, where she has worked as the chief product officer for the past seven years.
Pacsun to Drop Team USA Streetwear Collection Celebrating Olympic Games Paris 2024
The collection features three capsules—International Olympic Committee Heritage, USA Heritage and Team USA for men and women. Various Olympic-themed styles will also launch under Pacsun’s Kids line.
Pickleball Kingdom Signs Original Penguin as Official Apparel Provider
This partnership aims to support the growing community of pickleball players by offering Original Penguin apparel to enhance play.
Planet Fitness, Inc. Proposes Debt Refinancing Transaction
The company intends to issue $600 million Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2, with the potential to upsize up to $800 million, subject to market conditions and other factors.
Gildan Activewear Resumes Share Repurchases, Amends Normal Course Issuer Bid
The company’s newly reconstituted Board of Directors approved the resumption of share repurchases and an amended normal course issuer bid.
Crunch Franchise Opens Fourth Location in Kansas
This new facility is the 55th nationwide for franchisee Fitness Ventures, the fourth in Kansas and the second in Kansas City for the franchise.
Puma North America Opens New Arizona Distribution Center
The 1.2 million-square-foot automated distribution center in Waddell, AZ, includes 3.5 miles of conveyor, automatic retrieval and storage robots, and a new cubing process to optimize customer packaging.
Outdoor Rep Groups Form New Agency to Serve the Northeast
Ferguson-Keller, operating out of the Midwest, and Rogers Sports Marketing, operating out of the Southeast, created Gen 3 Outdoors to service the fishing, hunting and firearms, marine and related outdoor sports categories in the Northeast.
Duluth Holdings, Inc. Posts Wider Q1 Loss on Revenue Miss for Quarter
The company posted a net loss of $7.9 million in the first quarter, compared to a net loss of $3.9 million in the year-ago Q1 period. Loss per share doubled from a loss of 12 cents a share in the year-ago quarter to 24 cents per share in the 2024 Q1 period.
EXEC: Birkenstock Holding Raises Full-Year Guidance After Strong Q2 Performance
Fiscal Q2 net revenue amounted to €481 million, an increase of 22 percent (+23 percent CC) year-over-year. Revenue growth reportedly benefitted from increased sales of closed-toe silhouettes, which increased to over 25 percent of total revenue compared to the high teens a year ago.
Foot Locker, Inc. North America Q1 Comps Down 2.5 Percent on DD Declines at Champs
Champs continues to be the big drag for Foot Locker as the company repositions the banner. Champs comped down in the mid-teens in Q1 as total sales fell nearly 19 percents year-over-year. Foot Locker banner comps were up 0.8 percent and Kids Foot Locker comps grew 6.4 percent.
New Era and Newcastle United Launch Headwear Collection
New Era will introduce a limited-edition 59Fifty cap with contrasting white stitching throughout to celebrate the new range, calling out iconic Newcastle United phrasing.
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