Target Trading Lower as Retailer Misses Q1 EPS Estimates; Cuts Guidance
Comparable sales decreased 3.8 percent in the first quarter, reflecting a comparable store sales decline of 5.7 percent and comparable digital sales growth of 4.7 percent.
EXEC: New Hibbett Parent JD Sports Sees Shares Fall as Q1 Disappoints
Group comp store, or like-for-like, sales were down 2 percent for the quarter ended May 3. The market also reacted to potential price increases from higher tariffs affecting U.S. consumer purchasing.
Rally House Opens New Storefront in Blacksburg, Virginia
The sports merchandise and apparel retailer, has opened Rally House Blacksburg, its first store in Virginia, on Main Street, steps from the Virginia Tech campus.
Canada Goose Gets DD Lift from DTC in Q4; Wholesale Falls in the Mid 20s
DTC Revenue increased 15.7 percent (+11.6 percent cc) to CN$314.1 million, said to be driven by DTC comparable sales growth of 6.8 percent and revenue from non-comparable stores.
EXEC: Salomon Footwear Continues to Boost the Brand and Parent Amer Sports
The Amer Sports Outdoor Performance segment saw revenues increase 25 percent year-over-year to $502 million in Q1, driven by “very strong performance” in Salomon Softgoods and “good results” in Winter Sports Equipment, following a slow start to the winter season.
The Vitamin Shoppe Completes Sale to Private Equity Groups
As part of the transaction, Sharon Leite, who previously served as CEO of The Vitamin Shoppe from 2018 to 2023, has returned to lead the company as CEO.
Burghardt Sporting Goods to Exit Fox Point Location
The Milwaukee-based team dealer and sports retailer said the decision will allow the company to focus on its “thriving” New Berlin location, a larger and more interactive space. Sixth-generation family member, Maggie Burghardt, daughter of owner Brian Burghardt, has joined the company as a sales and marketing associate.
Nike to Cut Jobs in Technology Division
The shake-up follows leadership changes and layoffs that CEO Elliott Hill implemented as part of his turnaround plan to profitability. Muge Dogan, formerly of Amazon.com, Inc., will remain as the company’s chief technology officer.
EXEC: Amer Sports C-Suite Details Small Tariff Impact and FY Guidance Bump
The parent of the Arc’teryx, Peak Performance, Salomon, Atomic and Wilson Sports brands is far less exposed to U.S. market issues than many other brands and has a far larger Asia, China and Europe component than many others that are more U.S.-centric.
Timberland Taps Industry Vet for Global Product Design and Creative Direction
Darren Leon Mckoy worked at Dr. Martens for over 10 years before the move to Timberland this spring. He was previously at Asics Europe BV working on SportStyle, as well as The North Face EMEA and Adidas Originals.
Road Runner Sports Selects Modern POS Platform from Aptos
With Aptos One, the fitness retailer will boost its customer engagement and omnichannel capabilities at its 50-plus store locations.
EXEC: Fila/Acushnet Parent Sees 4.6 Percent Growth in Q1
Korea-based Misto Holdings, formerly Fila Holdings Corp., reported sales were up 4.6 percent year-over-year in the first quarter as a strong performance of Acushnet, the parent of Titleist and FootJoy, offset ongoing softness at the Fila brand.
EXEC: Nordstrom, Inc. Shareholders Approve Family’s Take-Private Merger Deal
Following the close of the transaction scheduled for Tuesday, May 20, the Nordstrom Family will have a 50.1 percent majority ownership stake in the company, and Nordstrom will become a private company.
Nike’s Last Chief Strategy and Transformation Officer Heads to B&BW as CEO
Bath & Body Works has appointed Daniel Heaf as CEO. Most recently, he was Nike’s chief strategy and transformation officer since August 2023. Heaf left Nike in March 2025 after the company eliminated his position.
EXEC: Fashion Footwear, LLC Prevails in Appeal Over Pony License Cancellation
The New York Appellate Court’s decision reportedly upheld the lower court’s ruling that Pony’s attempted termination of Fashion Footwear’s license agreement to enter into a license agreement with a new licensee, Genesco, Inc., was improper and invalid.
