The NBA Opens Store In Mall of America

In partnership with Lids and Fanatics, the store will offer an immersive experience for consumers to connect with the game while shopping a wide range of NBA and WNBA merchandise.

EXEC: Lululemon’s Shares Hit by Tariff-Driven Guidance Cut

Shares of Lululemon Athletica Inc. are down about 20 percent in mid-day trading on Friday, June 6 after the yoga-themed retailer trimmed its earnings guidance for the year as proposed tariffs threaten its supply chain. Lululemon officials on an analyst call remained bullish on Lululemon’s ability to manage the disruption. Calvin McDonald, company CEO, said, “We intend to leverage our strong financial position and competitive advantages to play offense.”

TYR Sport Partners with World Aquatics

TYR Sport reached an agreement to become the exclusive global supplier of swimwear and accessories for World Aquatics, the governing body for all aquatic sports formerly known as FINA.

G-III Apparel Sees Q1 Tops Expectations, Withdraws Annual EPS Guidance on Tariff Concerns

G-III Apparel Group, Ltd. withdrew its earnings guidance due to “uncertainty around tariffs and related macroeconomic conditions” while also reporting earnings and sales exceeded targets due to double-digit growth at DKNY, Karl Lagerfeld and Donna Karan. G-III also owns Vilebrequin and makes product under licenses including Calvin Klein, Tommy Hilfiger, Nautica, Halston, Converse and BCBG. […]

Lululemon Axes FY EPS Guidance Despite Q1 Beat

The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.

Study: Why Retailers Risk Loyalty with Tariff-Based Price Hikes

While most retailers won’t be able to avoid raising prices altogether, unilateral price increases are a surefire way to lose customer confidence and trust. First Insight believes there are more informed ways of approaching pricing strategies and offsetting the burden on customers.

Adidas Gets Debt Upgrade by S&P on Improving Performance

S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus  previous forecasts.

KKR-Backed Bay Club Acquires 425 Fitness

The operator of three fitness clubs in the greater Seattle area (Bothell, Redmond and Issaquah), deepens its presence in the Pacific Northwest. The addition also gives Bay Club 27 fitness clubs across California.