The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
Category: Sports/Fitness
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
Puma Partners with Spinnova for Wood-Based Fiber
Puma has partnered with Finnish textile material innovation company Spinnova to develop “proof-of-concept products” from wood-based Spinnova fiber for future collections, particularly for products in Puma’s Sportstyle category.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
Kemper Sports Names Manager of NJ Golf Course Portfolio
KemperSports appointed the Morris County Park Commission to manage its Berkshire Valley, Flanders Valley, Pinch Brook, and Sunset Valley courses in New Jersey.
Florida’s Soleta Golf Club Officially Opens
The Nick Price-designed Soleta Golf Club has officially opened near Sarasota and Lakewood Ranch, FL, which includes a 7,400-yard, par-72 course that winds through an undisturbed sanctuary-like landscape, preserving all the wetlands.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
X Games Names Jeremy Bloom as CEO
Bloom’s track record as an athlete and in building and managing companies will be instrumental in continuing to elevate the X Games properties and the X Games League.
Activist Investors Push Macy’s to Consider Changes to Capital Allocation Strategy
Barington Capital Group and Thor Equities LLC asked Macy’s to bring fresh perspectives to the company, especially in the areas of capital allocation, merchandising and retail and real estate
Survey: Latin Americans Embrace Fitness Facilities as Key to an Active Lifestyle
The Health & Fitness Association released the 2024 Latin America Fitness Consumer Survey, providing key insights into the fitness culture in major metropolitan areas across Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
TaylorMade Golf Acquires Logan Olson
In working with TaylorMade’s team of designers, Logan Olson will continue developing his Craft Batch putters and custom designs and expand his presence on professional golf tours worldwide.
Rally House Opens in Austin
Rally House has been growing its retail footprint in the Lone Star State for over a decade, starting in the Dallas-Fort Worth area. Now, the company operates over 30 stores in the state, including in key college towns, including Waco, College Station, Lubbock and Houston.
Crunch Fitness Holdings Opens 3.0 Crunch East Plano
The gym is the 72nd Crunch Fitness for CR Fitness Holdings and the first to debut the new Crunch Fitness 3.0 gym design, which combines “modern aesthetics with enhanced functionality to elevate the fitness experience.”
Trackman Adds Strava Co-Founder to Board of Directors
Over the past year, Michael Horvath has worked with Trackman’s sports performance tracking team to develop new services for athletes and coaches worldwide, focusing on mobile applications.
EXEC: Sports Direct Parent Frasers Makes Play for Nordic Region Sports Retailer
Michael Murray, CEO of Frasers Group, offered, “Our strategic vision and industry experience position us uniquely to help XXL navigate its current challenges. We are committed to ensuring that XXL reaches its full potential.”
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