Lids’ HD store concept caters to headwear enthusiasts and consumers who are starting to build their collections by leaning toward exclusive and limited-edition hat drops.
Author: SGB Media
Shoe Carnival, Inc. to Re-Banner to Majority Shoe Station Stores Within 24 Months
The move to re-banner comes as the posted mixed results in Q4, with top-line sales of $262.94 million missing analysts’ consensus estimate of $274.21 million, while Adjusted EPS of 54 cents beat the consensus estimate of 43 cents per share.
Academy Sports & Outdoors Beats on Q4 Bottom Line; Looks Ahead to Jordan Launch
The company expects the first quarter to be the most challenging from a sales and earnings per share prospective as they plan to open five stores and transition to the new Jordan floor set but see the back half of the year to be stronger than the first half.
Famous Footwear Parent Caleres, Inc. Places Bigger Focus on Brand Portfolio for Growth
Famous Footwear total athletic footwear sales declined low-single-digits in Q4, albeit with solid growth from Adidas and New Balance. The boot category saw high single-digit sales declines, as expected.
Strong Pilates Entering U.S. Market with New Partner and Plans for 155 Studios
The Australian-based high-intensity Pilates concept is expanding into the U.S. with plans to open multiple studios this year and a second global HQ in Hermosa Beach, California.
Report: Online Resale is Expected to Reach $40 Billion by 2029
From integrating social commerce and AI applications to establishing trade organizations and interfacing with the government, ThredUp said it’s clear why resale has seen accelerated growth and a promising growth trajectory.
Pickleball Kingdom Franchise to Open in Naperville, IL
Led by franchisees Saumil Parikh, Chirdip Sheth, Hemang Patel, and Dhaval Sheth, the club will feature climate-controlled courts and Pickleball Kingdom member amenities.
Report: February Perceived Stability at Retail Hides Deeper Fluctuations
While the steady appearance of retail performance carried through top-line views of discretionary general merchandise, retail food and beverage, and non-edible consumer packaged goods, underlying disruptions are emerging, reported Circana.
WHP Global Kicking Tires at Guess?, Inc.
The owner of Lotto Sport Italia S.p.A. and Bonobos has sent a non-binding proposal to acquire for $13.00 per share in cash the outstanding shares of Guess?, Inc., other than shares held by certain existing shareholders.
QTI Fibers Appoints New CEO
QTI Fibers is a vertically integrated manufacturer of advanced technical fibers, fabrics, coated yarns, and textiles. Its portfolio of companies includes Quantum Materials, Twitchell Technical Products, and Infinity Woven Products.
BaseMap Names Former HuntScore CEO as Company President and CEO
BaseMap, Inc. acquired HuntScore in a deal that closed in January 2024. Matt Habiger joined BaseCamp at the time as VP of Data Sciences. BaseCamp Founder Jeffrey Balch will remain actively involved in the company as a director and chief product officer.
Target Sports USA Welcomes New Sales Rep
In her new sales role, Nadja Abaza will drive membership sales, collaborate with major manufacturers, and expand the brand through strategic marketing.
Henry Repeating Arms Moving 100 Percent of Manufacturing to Wisconsin
The commitment reportedly includes transferring all of its Bayonne, NJ manufacturing operations to its newly expanded HQ in Rice Lake, WI, and two additional facilities in nearby Ladysmith, WI.
EXEC: L.L.Bean Posts Flat Revenue in 2024; Employee Bonus Falls to 6.5 Percent
The company said it continued to navigate a challenging retail environment in 2024, in a year impacted by inflationary headwinds and a decrease in spending in the outdoor sector.
Camping World Rejects Two of Seven Planned Lazydays RV Acquisitions
The two locations, in Portland, Oregon and Council Bluffs, Iowa, were rejected as they did not meet CWH standards, according to a company media statement.
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