Crocs Expands Takeback Program Across U.S.
Crocs retail and outlet stores in the U.S., excluding Hawaii and Puerto Rico, now have collection boxes for customers to drop off Crocs shoes in any condition and receive a one-time 10 percent discount on Crocs products in-store or online.
EXEC: Vista Outdoor Sees Another Tough Year Ahead
Vista Outdoor, Inc.’s fourth-quarter results met expectations with sales at its Kinetic Group ammunition segment reaching the lower end of guidance while the Revelyst outdoor segment grew organically for the first time in nine quarters. However, conservative guidance was provided for the new fiscal year as market conditions in both the hunt and outdoor channel remain challenging.
CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.
EXEC: Topgolf Callaway CEO Eyes Sales Pickup for Golf Businesses in Back Half
Topgolf Callaway Brands reduced its sales outlook for the year due to weakness at Jack Wolfskin and currency headwinds seen in the first quarter, but officials on an analyst call said that overall profitability came in significantly better than expected and its Topgolf and Golf Equipment segments are both positioned to accelerate growth in the second half.
The Buckle Posts 9.0 Percent Comp Sales Decline for Fiscal First Quarter
Net sales for the 13-week fiscal quarter ended May 4, 2024 decreased 7.2 percent to $262.5 million compared to net sales of $282.8 million for the prior year 13-week fiscal quarter ended April 29, 2023.
EXEC: Sportchek, Mark’s and Helly Hansen all Post Q1 Declines for Parent CTC
Helly Hansen sales, which covers the international wholesale and retail businesses that operate under the Helly Hansen and Musto names and trademarks, were down 7.8 percent year-over-year in Q1 to C$192.2 million.
Allbirds Inc. Sees First Quarter Revenues Drop 28 Percent
Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.
EXEC: Puma CEO Sees U.S. Returning to Growth in Second Half
Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
Dick’s Official Sporting Goods Retail Partner of the Boston Celtics and Red Sox
Dick’s will also be the presenting partner of each franchise’s youth initiatives, including the Boston Red Sox’s Kid Nation and the Boston Celtics’ Junior Celtics Academy All Girls Showcases.
Bogs Continues Sharp Wholesale Decline in Q1; Retail E-Commerce Grows
The Bogs brand reportedly experienced the largest decrease in the Wholesale segment, with sales down 48 percent for the quarter, as retailers reduced orders due to surplus products in the outdoor footwear market.
NRF Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
“We haven’t seen numbers this high for this many months in almost two years.” —NRF Vice President Jonathan Gold
Adidas x KoRun to Release Second Collab
Drawing on the band members’ preference for wearing three-stripe Adidas tracksuits, the collection includes a green sequined track top, matching pants with co-branded detailing, additional apparel pieces and custom takes on the Adidas Campus 2.
Candace Parker Appointed President of Adidas Women’s Basketball
Parker steps into the role following her retirement from the WNBA and marking a sixteen-year partnership with Adidas during her pro basketball career.
Report: U.S. Sports Participation Increased Across Most Categories in 2023
Pickleball continues to grow in popularity, with the highest percentage increase year-over-year for the fourth consecutive year. Pickleball was up 54 percent in 2023 vs 2022.
