Brick-and-mortar comparable sales declined 9.2 percent, while e-commerce increased 6.9 percent on a year-over-year basis, excluding the impact of the 14th week. E-commerce represented 18.9 percent of total net sales for the Fiscal 2024 Q4 period.
Category: Sports/Fitness
EXEC: Dick’s Sporting Goods on Path for Biggest Expansion Since 2017
After a strong finish to the fiscal year and posting its largest Q4 ever, the company has already put its stake in the ground for the next chapter (or chapters) in the story of the 75-year-old sporting goods retailer.
EXEC: The Apparel Brands Bringing the Brand Heat in 2024
The third annual Brand Heat Index from L.E.K. Consulting identified 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.
Amazon’s Inaugural Big Spring Sales Event Begins March 20
Amazon’s first Big Spring sale kicks off on March 20 and runs through March 25. Free Prime shipping applies during the sale with free same-day or one-day delivery.
Fitness Ventures to Open Second Crunch Fitness in Oregon
Crunch Medford, opening this summer, will occupy 43,000 square feet and include $5 million in new fitness equipment.
BowFlex Inc. Delisted from NYSE; Assigned New Stock Symbol for OTC Market
The company’s common stock has been assigned the symbol “BFXXQ” with respect to quotations on the over-the-counter market, following its delisting from the New York Stock Exchange.
G-III Apparel Swings to Q4 Profit as Owned-Brands Increase as Share of Business
The company said it delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of its higher margin, owned brands to 47 percent of fiscal 2024 net sales, up from 40 percent last year.
Fleet Feet Strengthens Leadership Team; Expands Roles To Fuel Growth
With a network of almost 200 franchise stores, Fleet Feet continues its commitment to nurturing and supporting the success and health of its franchisees.
Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
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.
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.
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