In 2023, Zumiez closed 20 underperforming North American stores and expect to close an additional 20 to 25 locations in 2024, should results continue to be challenged. The retailer said it will pivot from new stores to profitable growth in Europe.
Author: SGB Media
EXEC: Tilly’s, Inc. Sees Proprietary Brands Outperforming Vendor Brands in Q1
Total comparable quarter-to-date net sales through March 12, 2024, have decreased by 13.4 percent relative to the comparable period last year and the company is forecasting a comp store sales decline in the range of 14 percent to 7 percent for the quarter.
EXEC: Dick’s Sporting Goods on Path for Biggest Expansion Since 2017
After a strong finish to the fiscal year and posting its largest Q4 ever, the company has already put its stake in the ground for the next chapter (or chapters) in the story of the 75-year-old sporting goods retailer.
Ruffwear Builds Leadership Team as Brand Celebrates 30 Years
Ruffwear promoted Young Joen to chief operating officer, hired Robin Skillings as chief marketing officer and Sandella Gansheimer as chief revenue officer.
EXEC: The Apparel Brands Bringing the Brand Heat in 2024
The third annual Brand Heat Index from L.E.K. Consulting identified the brands that are gaining in popularity, or increasing their brand “heat,” across major product categories and generations in women’s and men’s footwear and apparel.
Amazon’s Inaugural Big Spring Sales Event Begins March 20
Amazon’s first Big Spring sale kicks off on March 20 and runs through March 25. Free Prime shipping applies during the sale with free same-day or one-day delivery.
Streamlight, Inc. Promotes Three Sales Professionals
The company promoted Eric Pike to director of e-commerce and digital shelf architecture, Kevin Burger to director of automotive and hardware and Geoff Evans to sales director, Canada.
Fitness Ventures to Open Second Crunch Fitness in Oregon
Crunch Medford, opening this summer, will occupy 43,000 square feet and include $5 million in new fitness equipment.
BowFlex Inc. Delisted from NYSE; Assigned New Stock Symbol for OTC Market
The company’s common stock has been assigned the symbol “BFXXQ” with respect to quotations on the over-the-counter market, following its delisting from the New York Stock Exchange.
G-III Apparel Swings to Q4 Profit as Owned-Brands Increase as Share of Business
The company said it delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of its higher margin, owned brands to 47 percent of fiscal 2024 net sales, up from 40 percent last year.
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
A 16.2 percent overall Q4 sales decline was said to be due, in part, from a lack of significant new product launches in the fourth quarter when compared to the prior-year quarter. Full year Wholesale sales grew 45 percent, while DTC sales fell 15 percent.
Fleet Feet Strengthens Leadership Team; Expands Roles To Fuel Growth
With a network of almost 200 franchise stores, Fleet Feet continues its commitment to nurturing and supporting the success and health of its franchisees.
Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.
Franklin Sports Extends MLB Partnership Now In 40th Year
Brand adds official on-field product category and expands commitment to support MLB’s key growth initiative as exclusive equipment partner of Play Ball.
Fossil Group Names Interim CEO and Board Director as Kartsotis Steps Down
Jeffrey Boyer, the company’s EVP and chief operating officer since April 2021, was appointed interim CEO and as a member of the Board of Directors, effective immediately.
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