Shoe Carnival Inc. reported earnings and sales declined in the first quarter against challenging year-ago comparisons but were well above the pre-pandemic 2019 first quarter and topped Wall Street targets. The off-priced retailer raised its EPS guidance for the year.
Author: SGB Media
NSGA Sports Participation Report Shows Rebound From COVID-19 In Some Areas
Relaxed COVID-19 restrictions, which gave people the ability to return to some of their traditional activities in 2021, was reflected in the 10 segments tracked for the 2022 edition of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report.
Nike Ends Sponsorship Of Spartak Moscow
Nike has ended its 17-year cooperation with Russian Premier League Football club Spartak Moscow after the team was ruled out of next season’s European competitions because of Russia’s invasion of Ukraine.
Kappa Replaces Spyder As Outfitter Of U.S. Ski & Snowboard Team
Italian sportswear brand Kappa signed a multi-year sponsorship with U.S. Ski & Snowboard to be the official technical apparel partner of the U.S. Ski Team. Kappa replaces Spyder, which had the ski team’s apparel deal for the past 33 years.
April Sales Climb 8.2 Percent Year-Over-Year
The U.S. Census Bureau said overall retail sales in April were up 0.9 percent seasonally adjusted from March and up 8.2 percent year-over-year. That compared with increases of 1.4 percent month-over-month and 7.3 percent year-over-year in March.
ThredUP Releases 10th Annual Resale Report
ThredUP released the results of the 2022 Resale Report that predicts the U.S. secondhand market will more than double by 2026, reaching $82 billion.
TFL Brands Appoints General Manager To Lead GummiShot Energy Gummies
TFL Brands appointed Morgan Mulvihill, a 16-year veteran of Procter & Gamble, to lead GummiShot Energy Gummies as general manager.
St. Croix Rod Appoints Fly Brand Manager
St. Croix Rod announced the hiring of Tom Larimer as fly fishing brand manager.
Obit: Shelby Modell
Shelby Modell, matriarch of the longtime family-owned Modell’s Sporting Goods chain and a noted philanthropist, passed away at the age of 98.
Itochu Secures Reebok’s Rights In Japan
Itochu Corp reached an agreement with Authentic Brands Group (ABG) for rights to distribute market and license Reebok in Japan.
Sellmark Acquires Inforce
Sellmark announced that it had acquired Inforce, a lighting solution brand designed to meet the needs of law enforcement, military, security agencies and outdoorsman.
Slinger Bag Rebrands To Connexa Sports Technologies
Slinger Bag Inc. announced said it has rebranded to Connexa Sports Technologies Inc. to reflect its positioning as a broader connected sports technology company.
On Hikes Guidance On Robust First Quarter
On, the Swiss running brand, raised its outlook for sales and earnings for the current year after reporting first-quarter results that easily topped Wall Street estimates. Net sales vaulted 67.9 percent in Q1 2022 and sales are now expected to grow at least 44 percent in 2022.
Glade Debuts Mountain Town Optics Collection
Glade, an independent optics brand known for its ski and snowboard goggles, launched an eyewear collection of five styles—Townie, Cary, Westslope, Apres, and Roost. “We designed sunglasses specifically for the mountain town lifestyle,” said Glade founder Curt Nichols. “With our headquarters here in Breckenridge, CO we often find ourselves bouncing from the trail to town, […]
Topgolf To Add Two Venues In Pennsylvania
Topgolf Entertainment Group announced it would open venues in Philadelphia and King of Prussia, PA.
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