Running Race Participation Takes Hit for Second Consecutive Year
The second running boom appears to be backing off as runners retreat from non-traditional races and millennials shy away from some of the longer timed ones. After more than two decades of consistent and often double-digit increases.
Xingquan Swings to Q3 Loss on Plummeting Sales
China’s Xingquan International Sports Holdings Limited swung to a loss before taxes in the fiscal third quarter ended March 31 as sales of its shoes, shoe soles, apparel and accessories plummeted.
Sports Authority Sets Lease Auction for June
Sports Authority hired A&G Realty Partners to take bids at a June auction for the retailer’s remaining 320 leases.
Hanesbrands Raises 2016 View to Reflect Pending Buyouts
Hanesbrands raised its earnings and sales guidance for 2016 based on expectations of increased synergies from two pending acquisitions – Pacific Brands and Champion Europe – as well as debt refinancing.
Westward Ho! SIA to Relocate Headquarters
The heart of the U.S. snow sports industry is out West, so its leading trade organization should be, too, said SIA President Nick Sargent.
Lululemon Founder Slams Ex-Company, Calls For Board Changes
A little more than a year after resigning as a director, Lululemon Athletica Inc.’s founder Chip Wilson is back in the grill of Lululemon’s board.
Vestis to Pay for Goods Received 20 Days Prior to Bankrupcty
Vestis Retail Group LLC expects to pay claims totaling $8-$10 million for goods Sport Chalet, Eastern Mountain Sports and Bob’s Stores received in the 20 days preceding its Chapter 11 bankruptcy, according to court filings.
G-III Apparel Q1 Stymied by Warm Winter
While coming in better than management’s low expectations, G-III Apparel Group Ltd. reported net income for the first quarter fell 58.8 percent.
Under Armour Not Immune to Sports Authority Bankruptcy
Under Armour said it expects to take a $23 million impairment charge in the second quarter related to Sports Authority’s liquidation while it also lowered its outlook for the year.
SSI Data: Sport Footwear Sales Up, But Average Sale Prices Dip in First Quarter
Sales of Sport Footwear sold at industry retail rose 7.3 percent in dollars and 9 percent in units during the 13-week, fiscal spring 2016 quarter (January 31-April 30), according to SSI Data*, but average selling prices dipped 1.5 percent.
Halfords Forecasts Continued Spending on Slowing Cycling Business
After two years of double-digit growth triggered by British victories on the pro circuit, Halfords Group plc said it expects its cycling sales to grow 3-5 percent in coming years through the opening of Cycle Republic stores and acquisition of other bicycle dealers.
My Trail Co. and SlingFin Among First to Use New Crowdfunding Law
Former GoLite Owner Demetri Coupounas has surpassed his $50,000 first round fundraising goal for his new company My Trail Company on WeFunder 10 days after it and other crowdfunding sites were authorized to begin soliciting mom-and-pop investors.
Famous Footwear Leans on Athletic Lifestyle in Face of Shifting Buying Habits
Famous Footwear became the latest chain to benefit from the current strong trend toward lifestyle athletic footwear to help offset the challenges from many other categories.
Deckers Brands Crowns New CEO Amid New Challenges
Deckers Brands reported a net loss, but adjusted earnings for its fourth quarter ended March 31 that topped Wall Street’s consensus estimate as double-digit gains for Ugg, Teva and Hoka One One and expense controls helped offset margin pressures caused by winter inventory gluts in the marketplace.
Tilly’s CEO Defends Rising Omni-channel Costs
Though growing e-commerce sales trimmed gross margins at Tilly’s Inc. in the quarter end May 2, the retailer’s CEO argues omni-channel expansions remains the best way to reverse declining mall traffic.
