Fiscal Q1 net sales increased by 1.2 percent year-over-year (YoY) to ¥27,482 million, due to the positive effect of the yen’s depreciation, strong sales of the Descente brand, and Umbro growth in South Korea.
Category: Sports/Fitness
Sacks Parente Golf Saw Strong Sequential Growth Accelerate in Q2
The company said it had a “significant increase in orders received from Club Champion” during the quarter.
Latest StockX Report Sees Asics Take the Top Spot in YoY Growth
Asics led as the No. 1 fastest-growing sneaker brand on StockX this year, according to its latest report. The continued success of the Gel-1130 and Gel-Kayano 14 reportedly played a big role in Asics taking the top spot
Under Armour Acquires Unless; Taps Eric Liedtke as Brand Strategy Chief
The appointment of Adidas brand veteran Eric Liedtke as EVP of brand strategy follows the completion of UA’s acquisition of Unless Collective, Inc, a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week.
Planet Fitness Sees Q2 Same-Store Sales Expand 4.2 Percent
The budget fitness chain reiterated its guidance for the year. Profits grew 11.5 percent in its second quarter ended June 30 as sales advanced 5.1 percent. System-wide same-store sales increased 4.2 percent.
EXEC: Titleist Sees Solid Q2 Golf Balls Gain but Clubs and Gear Drag on Results
Higher net sales in the U.S. were largely driven by an 8.5 percent increase in Titleist golf balls and 4.8 percent growth in FootJoy golf wear, partially offset by a 9.0 percent decrease in Titleist golf clubs sales.
Adidas’ Head of Global Operations to Exit
Martin Shankland plans to step down as head of global operations and leave the company after 27 years with the brand. Shankland is also an Executive Board member and will officially step down on August 10.
Five Iron Golf Expands into DFW, St. Louis and Oklahoma City Metro Area
The expansion includes Multi-unit agreements to bring Five Iron Golf to key markets, driving economic activity, golf and social opportunites.
Alo Yoga Opens London Flagship
Based in Los Angeles, CA, the brand has opened a 10,000-square-foot flagship store on London’s Regent Street, marking its second store in the UK.
Report: High Prices Top Back-To-School Stressors for Parents
RetailMeNot’s 2024 BTS survey found that parents sending their kid(s) back to grade school will spend, on average, $506, and those sending their college-age kids BTS will spend, on average, $821.
Lightspeed Commerce Narrows Fiscal Q1 Loss as Revenues Increase 27 Percent
Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
U.S. Manufacturing Sector Contracted in July for Fourth Consecutive Month
The ISM is reporting that economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months.
EXEC: Marucci is “Standout Performer” in Fox Factory’s Q2; Bike Biz Stabilizing
Marucci, acquired in November 2023, was a “standout performer” for Fox Factory Holding Corp. in the second quarter, Mike Dennison, Fox Factory’s CEO, said on an analyst call. Fox Factory’s bike business was down, but the category’s prolonged destocking phase has shown signs of nearing an end.
JD Sports, Nike’s First Global Retail Connected Member Partner
Through the partnership, JD’s U.S. customers can access select Nike members-only footwear and clothing by linking their JD Status and Nike membership accounts through the JD app or website.
Rally House Opens Two Stores In Upstate New York
Rally House opened stores in Syracuse and Buffalo. The sports fan chain now operates three stores in the state.
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