The Journeys comp sales jump in Q1 was largely driven by strength in athletics, supported by low profile and 2000s era running inspired trends, but also bigger athletic inventory investments, including the reintroduction of Saucony and introduction of Hoka.
Author: SGB Executive
EXEC: Crocs, Inc. to Emphasize Inventory Controls to Ride Out Tariff Uncertainty
Speaking Tuesday, June 3, at the Baird 2025 Global Consumer, Technology & Services Conference, Crocs, Inc. CEO Andrew Rees said the company will emphasize inventory discipline and maintain margins given the uncertainties created by the trade war.
EXEC: Sportsman’s Warehouse Execs Lay Out Turnaround Wins; Reiterate Guidance
Comp sales grew for the first time in nearly four years as the company focused on replenishing in-store stock, which boosted sales in the Hunting, Fishing and Shooting Sports categories. Ammunition was up 3 percent and Fishing was up 11 percent.
EXEC: Hibbett Parent JD Sports Enters New Phase of U.S. Brand Consolidation
The owner of the City Gear, DTLR, Finish Line, JD and Shoe Palace retail brands in the U.S. market is ready to move to the next level in its retail brand consolidation here in the Colonies as DTLR and most City Gear stores will be merged under the DTLR brand.
EXEC: Shoe Station Doors to Dominate Shoe Carnival, Inc. Portfolio by 2027
In announcing plans to accelerate the rollout of Shoe Station, Mark Worden, Shoe Carnival’s president and CEO, told analysts that the Shoe Carnival locations, which the retailer has converted to premium Shoe Station concept, are seeing double-digit sales growth and accretive margins across affluent and rural markets.
EXEC: Kanaan Sellers Group Set to List on Nasdaq Nordic Market in Fourth Quarter
The European e-commerce aggregator is set to become Europe’s first publicly listed e-commerce aggregator, with a listing planned in Nasdaq’s Nordic market, targeting a valuation ~€40 million in early fourth quarter.
EXEC: Oakley and Supreme Parent to Acquire Optegra Clinics Across Europe
The company will acquire Optegra’s ophthalmology platform, which operates in five key European markets: the UK, Czech Republic, Poland, Slovakia, and the Netherlands. The transaction is expected to close later in 2025.
EXEC: Athleta Promotions a Drag on Parent’s AUR in Q1
Athleta net sales amounted to $308 million in the fiscal first quarter, a 6 percent year-over-year decline. Comp store sales decreased 8 percent year-over-year.
EXEC: Golden Goose Posts DD First Quarter Growth on DTC Expansion
The Milan-based premium fashion sneaker said Direct-to-Consumer (DTC) net revenue was up 19 percent year-over-year (y/y), accounting for 76 percent of net revenues.
EXEC: Famous Footwear’s Jordan Brand Launch in May Excites Parent Caleres
The Jordan brand is currently exclusive to Famous Footwear in the Shoe Chain channel and early selling is said to be very encouraging. The retailer said it looks forward to even stronger results during Back-to-School.
EXEC: Dick’s SG Senior Execs Talk Foot Locker Deal, Tariffs and Guidance
The retailer had Board chairman Ed Stack on hand to talk about the Foot Locker deal and lay out the argument for its relevance. He will take the lead with the integration teams. CEO Lauren Hobart and CFO Navdeep Gupta dug deep into the weeds on guidance and the impact of tariffs going forward.
EXEC: Boa, Primaloft Parent Faces Lawsuits, NYSE Action as it Addresses Lugano Irregularities
The parent of 5.11 Tactical, Boa, and Primaloft provided an update on Wednesday, May 28 on the steps it is taking to enhance liquidity and reduce costs in the wake of an investigation of irregularities at its Lugano Diamonds subsidiary.
EXEC: Dick’s Sporting Goods CEO and CFO Unwind Q1 Analysts’ Questions
Net income dipped 4 percent year-over-year to $264 million, compared to $275 in the prior-year first quarter. Non-GAAP net income was said to be flat.
EXEC: Giant Group Posts 29 Percent Net Profit Decline; Sales Up 4.9 Percent
Giant said cycling remains popular in China, and with demand in the Giant Group U.S. and Europe markets gradually recovering, the upcoming peak season is expected to drive stronger sales in Q2 and Q3 2025.
EXEC: Go Sport and Al Mana Add Key Sporting Goods Execs
Newly appointed leaders Robin Trebbe and Christoffer Jansén are set to transform sports retail operations across the Middle East and emerging markets
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