The Sports & Fitness Industry Association (SFIA) released 89 single sport and fitness reports which cover sports and fitness activities ranging from basketball to barre. The individual reports provide year-over-year trends and breakdown of participation by demographic variables.
Category: Footwear
Lord & Taylor To Close Five More Locations
Lord & Taylor, which filed for bankruptcy on August 2, announced plans to close five more stores, bringing the total number of Lord & Taylor stores shutting down to 24. The closures will leave the department store chain with 14 locations.
FIS Cancels 2020/21 North American Ski Races
The International Ski Federation (FIS) has announced that the entirety of the 2020/21 men’s and women’s Alpine World Cup season will remain in Europe rather than moving to the U.S. and Canada, as usual, due to the impact of COVID-19.
Afterpay Rewards On-Time Payments With New Loyalty Program
Afterpay, the ‘buy now, pay later’ service, announced its new loyalty program, called Pulse, which incentivizes and rewards Afterpay customers who pay for their purchases on time.
Zalando Further Strengthens Senior Leadership Team
Zalando announced the strengthening of its senior leadership team, including a new SVP advertising, SVP product management and General Counsel.
Frasers Group Signs First Post-COVID-19 Flagship
Frasers Group, the parent of Sports Direct in the U.K., plans to open a “mega store” at Leicester’s Fosse Park.
Correction: WL Gore Article
An article that ran in Monday’s SGB Update, “WL Gore To Eliminate 120 Jobs At Scotland Fabric Plant” was inaccurate.
L.L.Bean Partners With Mastercard On Complimentary Outdoor Classes
L.L.Bean is partnering with Mastercard to offer complimentary outdoor classes through its Outdoor Discovery Program.
June U.S. Core Skate And Surf Sales Grew 15 Percent, ActionWatch Reports
According to sales data for the ActionWatch US retailer panel, store sales for core skate and surf shops increased 15 percent when compared to last June.
Frasers Group’s Sales Climb 6.9 Percent In Year
Frasers Group plc, formerly Sports Direct International, reported Group revenue increased 6.9 percent to £3.96 billion in the 52-weeks through April 26. Excluding acquisitions and on a currency-neutral basis, revenue decreased 12.6 percent.
The Buckle’s Second-Quarter Earnings Double
The Buckle Inc. reported net income for the second quarter of fiscal 2020 was $34.7 million, or 71 cents a share, compared with $16.4 million, or 34 cents per share, for the second quarter of fiscal 2019.
U.S. Footwear Sales Drop 16 Percent In July, NPD Reports
Total footwear U.S. sales for July totaled $2.3 billion, representing a decline of 16 percent decline versus July last year. Among categories in dollars, Performance footwear was down 16 percent, Leisure declined 3 percent and Fashion fell 35 percent, according to data compiled by The NPD Group.
Foot Locker’s Q2 Comps Soar 18.6 Percent
Foot Locker Inc. reported earnings rose 7.6 percent on an adjusted basis as same-store sales jumped 18.6 percent. Results were in line with a pre-announcement provided on August 10. Said Richard Johnson, president and chief executive officer. “Despite the challenging backdrop of the pandemic and social unrest, we achieved strong second-quarter results, led by our digital business, with a return to growth in both the top and bottom line.”
Adidas Extends Sponsorship Of England’s Rugby Football Union
England Rugby has announced it has extended its partnership with Adidas as Official Footwear Supplier for four more years.
Ross Stores Surprises With Q2 Profit
Ross Stores Inc. reported a surprise profit in the second quarter despite seeing revenues decline 32.5 percent. Reopened store comps were down 12 percent and comps have continued to be down mid-teens so far in the third quarter.
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