SportChek’s retail sales increased 0.6 percent in the second quarter, with comparable sales up 4.1 percent over the same period last year, according to its parent, Canadian Tire Corporation, Ltd.
Category: Footwear
Jordan Brand Announces 20-Year Partnership With Howard University
Jordan Brand announced a 20-year partnership with Howard University. The Nike subsidiary will unveil the first Jumpman uniforms for the program on August 27.
JCPenney Appoints CFO
JCPenney announced it hired Stephanie Plaines as CFO effective immediately.
Brooks Running Sees Double-Digit Growth In Q2
Brooks Running reported sales grew 11 percent in the second quarter year over year. In the face of ongoing economic and supply chain stressors, Brooks said it began to meet strong demand in May, keeping the company on track for projected double-digit revenue growth in 2022.
Leatt’s Q2 Revenues Gain 25 Percent
Profits at Leatt Corp rose 13 percent in the second quarter on a 25 percent revenue gain.
HanesBrands’ Second Quarter Dragged Down By Cyber Attack
HanesBrands, Inc. reported sales and earnings for the second quarter were negatively impacted by a ransomware attack as well as softer-than-expected point-of-sale trends. Global Champion brand sales decreased 20 percent over prior year in constant currency. The parent of Champion and Hanes significantly reduced its guidance for the year.
Stio To Expand At Retail With East Coast Mountain Studio Location
Stio announced it will open its latest East Coast Mountain Studio in Boston, with an expected opening date later this fall.
Canada Goose’s Q1 Tops Guidance
Canada Goose Holdings Inc. reported a wider loss in the first quarter ended July 3 due to the timing of marketing expenses while sales grew 24 percent on improving store productivity. Both the loss and sales topped guidance. Canada Goose maintained its guidance for the year.
Coats Group To Acquire Rhenoflex
Coats Group, the industrial thread manufacturer, has signed a definitive agreement to acquire 100 percent of Rhenoflex GmbH, the maker of sustainable structural materials for the footwear industry, for an enterprise value of €115 million ($117 million).
Mizuno’s Revenues Expand 8 Percent In First Quarter
Mizuno Corp. reported sales grew 7.8 percent in the first quarter ended March 31, driven by growth in the golf business.
Wolverine Worldwide Lowers Outlook Despite Second Quarter EPS Beat
Wolverine World Wide Inc. reported second-quarter earnings topped Wall Street estimates in the second quarter ended July 2, but sales fell short due to supply chain disruption. Guidance for the year was reduced due to expectations of higher promotional activity amid elevated inventories in the back half of the marketplace.
NPD Reports U.S. Footwear Sales Decline In Q2
In the second quarter of 2022, U.S. footwear industry sales revenue was $10.7 billion, a decline of 4 percent versus Q2 2021, according to The NPD Group.
The Athlete’s Foot Announces Joe Delphry’s Seven Store Franchise Transition After 23 Years
The Athlete’s Foot announced that Joe Delphry, a TAF franchise owner since 1999, will be transitioning his seven stores to The Dahir Group, with whom he has shared a long-time friendship.
Imports Slowing In Second Half, But 2022 Should See Gain Over 2021
After a record-setting spring, imports are expected to slow down at major U.S. container ports for the remainder of the year, but there will be a net gain over 2021, according to the Monthly Global Port Tracker Report* released by the National Retail Federation and Hackett Associates.
Emerald Holding’s Q2 Sales Recover
Emerald Holding, Inc., the operator of trade show, reported a loss in the second quarter ended June 30 but sales bounced back as the company was able to hold 29 in-person trade shows, conferences and other events during the quarter.
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