Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.
Category: Sports/Fitness
Franklin Sports Extends MLB Partnership Now In 40th Year
Brand adds official on-field product category and expands commitment to support MLB’s key growth initiative as exclusive equipment partner of Play Ball.
Fossil Group Names Interim CEO and Board Director as Kartsotis Steps Down
Jeffrey Boyer, the company’s EVP and chief operating officer since April 2021, was appointed interim CEO and as a member of the Board of Directors, effective immediately.
EXEC: The Footwear Brands Bringing the Brand Heat in 2024
The third annual Brand Heat Index from L.E.K. Consulting reveals the brands that are gaining in popularity, or increasing their brand “heat,” across major product categories and generations in women’s and men’s footwear and apparel.
Under Armour Shakes Up C-Suite as Plank Assumes CEO Role, Gives Up Board Chair
Under Armour, Inc. Founder Kevin Plank will become president & CEO of the company, effective April 1, 2024. Plank will succeed Stephanie Linnartz, who will be stepping down as president & CEO and member of the Board of Directors.
Soccer Post Acquires Soccer Pro, Continues Growth as Largest Soccer Specialty Retailer in the U.S.
For over three decades, Soccer Post has sold soccer apparel, footwear and gear to enthusiasts, clubs, athletes, and families in the U.S. and is one of the leading national omni-channel specialty retailers.
Brand Velocity Group Adds New Principal to Investment Platform
Daniel Hodges joins BVG from Alliance Consumer Growth where he was a principal responsible for deal sourcing and execution, and portfolio company oversight.
EXEC: Adidas Cites Argentine Peso Issue, Lack of Yeezy Sales for Q4 Sales Decline
The two percent decline in Q4 included a drag of around five percentage points related to the devaluation of the Argentine Peso. In addition, the lack of any Yeezy business weighed on the year-over-year comparison in an amount of around €100 million.
Foot Locker, Inc. Names Executive VP and Chief HR Officer
Cindy Carlisle brings over 24 years of leadership experience to the role. She joined Foot Locker, Inc. from Stryker Corp., where she was group vice president of human resources.
CNBC/NRF: February Retail Sales Continued Growth Trend, Boosted by Leap Day
Accounting for the extra day in February, total adjusted retail sales MoM softened from an increase of 1.06 percent to an increase of 0.4 percent. Core retail sales also softened from an increase of 0.95 percent to an increase of 0.27 percent.
Thermore Introduces Freedom Stretch Insulation
Freedom, made from 50 percent post-consumer recycled polyester, offers “ground-breaking stretch” while providing warmth across many uses for active pursuits.
Payntr Golf x Pro Golfer Jason Day Create Footwear Collection
Day’s feedback on the collection’s development has been and will continue to be “instrumental in refining the design and functionality of the footwear, ensuring it meets the highest standards of performance, traction, waterproofing, and comfort.”
EXEC: On Holding Shares Take a Hit as Analysts Question 2024 Outlook
On generated revenue of more than 1 billion Swiss francs in the Americas region for the full year and more than 1 billion Swiss francs in consolidated gross profit and consolidated net sales from the Wholesale channel for the year.
2024 Retail Strategy Checklist: Maximizing Wholesale Channels for Active Outdoor Brands
Sponsored Content From ENDVR: To ensure your brand is poised for success in the wholesale/retail channels in 2024 and beyond, exploring the 2024 Retail Strategy Checklist for Active Outdoor Brands is a critical first step. This resource will equip your brand with the strategies to thrive in an ever-evolving industry landscape.
Kohl’s Swings to Q4, Full Year Profit as Retailer Posts Best Comps Since 2010
The store business had its best comparable sales performance since 2010 and the retailer managed inventory down 10 percent at year-end. Net income was $186 million in Q4, compared to a net loss of $273 million in Q4 2022.
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