Higher net sales in the U.S. were largely driven by an 8.5 percent increase in Titleist golf balls and 4.8 percent growth in FootJoy golf wear, partially offset by a 9.0 percent decrease in Titleist golf clubs sales.
Author: SGB Media
Rapha Appoints New CEO
Fran Millar replaces Francois Concervey. She has been with the company since 2015 as chief brand and marketing officer. Her background in the cycling industry includes roles with Team Sky and Team Ineos, where she played a “critical role in securing seven Tour de France victories.”
Survey Report: BTS Footwear Shoppers Seeking Value More Than Just Discounts
Though 75 percent of surveyed respondents plan to spend more on fall BTS footwear this year than they did in 2023, they expect their dollars will not go as far, which could translate to unit volume being flat or decreasing over 2023. Quality, comfort, fit, and design are more important than price.
Puma Drops New Colorways of Iconic Suede XL
A remix of the iconic Puma Suede XL from 1986 will drop in two new colorways on August 16. The shoe is part of Puma’s Rewrite the Classics collection.
Adidas’ Head of Global Operations to Exit
Martin Shankland plans to step down as head of global operations and leave the company after 27 years with the brand. Shankland is also an Executive Board member and will officially step down on August 10.
Five Iron Golf Expands into DFW, St. Louis and Oklahoma City Metro Area
The expansion includes Multi-unit agreements to bring Five Iron Golf to key markets, driving economic activity, golf and social opportunites.
Alo Yoga Opens London Flagship
Based in Los Angeles, CA, the brand has opened a 10,000-square-foot flagship store on London’s Regent Street, marking its second store in the UK.
Dick’s SG to Close Remaining Moosejaw Stores
Moosejaw, acquired by Dick’s Sporting Goods in March 2023, will close its remaining three stores. Moosejaw’s company website was integrated into the Public Lands website, the outdoor arm of DKS.
Report: High Prices Top Back-To-School Stressors for Parents
RetailMeNot’s 2024 BTS survey found that parents sending their kid(s) back to grade school will spend, on average, $506, and those sending their college-age kids BTS will spend, on average, $821.
Lightspeed Commerce Narrows Fiscal Q1 Loss as Revenues Increase 27 Percent
Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
U.S. Manufacturing Sector Contracted in July for Fourth Consecutive Month
The ISM is reporting that economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months.
Johnson Outdoors Sees Fiscal Q3 EPS Fall Nearly 90 Percent Year-over-Year
The company reported that challenging marketplace conditions, primarily due to lower consumer demand for outdoor recreation products and heavy promotional activity, impacted performance.
JD Sports, Nike’s First Global Retail Connected Member Partner
Through the partnership, JD’s U.S. customers can access select Nike members-only footwear and clothing by linking their JD Status and Nike membership accounts through the JD app or website.
Rally House Opens Two Stores In Upstate New York
Rally House opened stores in Syracuse and Buffalo. The sports fan chain now operates three stores in the state.
Geox Sales Slid 9.4 Percent in H1 Due to Wholesale Weakness
Geox reported consolidated sales for the first six months amounted to €320.4 million, decreasing by 9.4 percent compared to the previous year or down 8.0 percent at constant exchange rates, primarily due to the negative performance of the Wholesale channel and Franchising, only partially offset by the positive trend of the Direct Digital channel.
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