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.
Category: Apparel
Helly Hansen Opens First Denver Store at Market Station
As part of the brand’s strategy to grow its presence in key markets throughout North America, Helly Hansen also opened new stores in Newport, RI and Vancouver, BC for a total of 13 doors in North America.
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
EXEC: Norrøna Partners with Topsports for China Retail Presence
This China expansion is expected to complement Norrøna’s existing distribution across North America, Scandinavia, Central Europe, and Asia, including growing markets in Japan and South Korea.
Walmart Restructures; Cuts Roughly 1,500 Corporate Jobs
The retailer is streamlining its global tech and Walmart U.S. operations, affecting approximately 1,500 employees. The U.S. retail cuts are mainly in the end-to-end operations teams and the Walmart Connect marketing organization.
EXEC: Tariff Worries Overhang NSGA Leadership Conference Energy
Tariffs were top of mind at the NSGA 2025 Leadership Conference but so was confidence that the sporting goods industry would figure out ways to mitigate any fallout. Attendees told SGB Executive that suppliers were so far keeping price increases to a minimum while also ramping up communications with dealers to provide an early read on potential changes.
Hoka and Ugg Parent Deckers Brands Names New Board of Directors Chair
Davis succeeds Michael F. Devine, III, who is retiring from the Board after over 14 years of service, including six years as chair. Her appointment is effective immediately.
On Elects Helena Helmersson to Board of Directors
Helmersson brings a wealth of experience from her long-standing career in the fashion industry. She served as the CEO of H&M Group from 2020 to 2024. She began her career at H&M in 1997 as a business controller in the company’s buying office and advanced through key leadership roles.
Ross Stores Sees Flat Q1 Comps, Withdraws FY Guidance On Tarrif Impact
Ross Stores Inc. reported flat same-store sales in the first quarter ended May 4 due to a slow start to spring selling. The off-pricer predicted a slight decline in second-quarter earnings and also withdrew its guidance for the full year due to margin pressures tied to tariffs on Chinese imports.
Cole Haan to Launch Performance Golf Apparel Line Spring 2026
The global American lifestyle, footwear and accessories brand, reported signing an exclusive agreement with Catapult Group to introduce a new performance apparel division. Cole Haan Golf Apparel will launch globally in Spring 2026, with racket sports and performance lifestyle collections to follow.
Dillard’s Q1 Profits Dip on Slight Sales Decline
Dillard’s, Inc. profits slid 9 percent in the first quarter that ended May 3 as same-store sales eased 1 percent and gross margins eroded 70 basis points.
Adidas Faces Steve Madden Lawsuit Over Stripe Design
Steve Madden filed a lawsuit in Brooklyn’s federal court against Adidas, saying it was “tired” of being targeted by Adidas for using elements that bear no resemblance to Adidas’ signature three parallel stripe design.
EXEC: Nike Rolls Out Price Increase Schedule
Nike will not raise prices on kid’s products in deference to the upcoming back-to-school (BTS) and holiday seasons. The increases will not affect prices on products costing less than $100.
Stif Mountain Bikes to Close In September
Stif Mountain Bikes, a Bristol and Yorkshire-based bike shop and bike brand, plans to close its doors in September.
EXEC: Nike Brand Re-Engages with Amazon to Sell Direct to Customers
In a move that was rumored but few saw coming so quickly, the company will re-introduce sales of Nike brand products on Amazon as early as next week, re-engaging after pulling away in 2019 to focus on building its own DTC business.
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