Sportsman’s Warehouse Holdings, Inc. announced it has hired Sherry Jane Love as senior vice president of merchandising. Love will be responsible for the company’s omni-channel merchandising business and private brand development.
Category: Apparel
The Athlete’s Foot Owner Acquires Shoe City
Arklyz, the parent of The Athlete’s Foot (TAF), announced its acquisition of Shoe City, the Baltimore-based sneaker and streetwear lifestyle retail chain along with an online platform, ycmc.com.

Hibbett Reiterates FY Guidance After Challenging First Quarter
Hibbett Inc., as expected, reported first-quarter results well below year-ago levels that were also just short of Wall Street’s consensus targets. Hibbett said results were in line with internal plans while reiterating full-year guidance. Comps were down 18.9 percent year over year but ahead 22.9 percent against the pre-pandemic first quarter of 2019.

Amazon Style Opens In Los Angeles
Last January, Amazon announced it planned to open physical retail stores. On Wednesday, May 25, the retailer opened its first store, Amazon Style, in the Glendale area of Los Angeles.

Gap Slashes Outlook On Old Navy Challenges
Gap, Inc. significantly reduced its earnings guidance for the year due to ongoing challenges at Old Navy as well as broader macroeconomic pressures. In the first quarter ended April 30, same-store sales tumbled 22 percent at Old Navy while also sliding 11 percent at the Gap chain and 7 percent at Athleta.

The Buckle Q1 Profits Show Slight Decline
Buckle, Inc. announced that net income for the fiscal quarter ended April 30, 2022 was $55.3 million, or $1.12 per share, slightly down from $57.3 million, or $1.16, for the first quarter of fiscal 2021.

Burlington Stores Q1 Sales Arrive Below Plan
Burlington Stores, Inc. reported same-store sales decreased 18 percent for the first quarter ended April 30, missing expectations.

Gymshark Sees 54 Percent Hike In Revenue In Fiscal 2021
Gymshark, the UK-based activewear brand, reported a 54 percent increase in revenue in its fiscal year ending July 31, 2021, according to accounts filed to the UK’s Companies House.

Frasers Group Sells Bobs And Eastern Mountain Sports To GDMG
Frasers Group offloaded its U.S. retail businesses trading under the banners Bob’s Stores and Eastern Mountain Sports for $70 million in cash to GoDigital Media Group (GDMG).

Macy’s Lifts Earnings Outlook After Strong Quarterly Report
Macy’s Inc raised its annual profit forecast after reporting earnings and sales topped Wall Street estimates in the first quarter.
Callaway Golf Announces $100 Million Stock Repurchase Program
Callaway Golf Company announced that its Board of Directors has authorized the company to repurchase up to $100 million of the company’s common stock in the open market or in private transactions.

JD Sports Founder And Chairman Steps Down
J.D. Sports Fashion Plc announced that due to an ongoing review of its internal governance and controls, it is accelerating the separation of the roles of chair and CEO. As a result, Peter Cowgill, executive chairman, will step down effective immediately.

Adidas Revamps Portland Headquarters
Adidas unveiled its upgraded and expanded Adidas North America HQ in Portland, OR. Since the start of the project in 2018, nearly 220,000 square feet has been added, including three new buildings, a new gym, new cafes, additional parking and a sustainable soccer pitch.

Golf Rounds Played Decline 13 Percent In April
Golf Datatech’s National Rounds Played Report for April shows that U.S. rounds were down 12.9 percent in the month and off 9.8 percent year-to-date year-over-year.
Omorpho Closes $6 Million Investment
Omorpho, the micro-weighted Gravity Sportswear collection, closed a $6 million seed funding round at a $26 million valuation. The investment was led by KB Partners with participation from Greenchain Capital and Madison Square Garden Sports Corp. (MSG Sports).