NRF Chief Economist: Top-Line GDP Figures Overstate the Weakness in the Economy
The NRF reported private final sales to domestic purchasers, a measurement that focuses on consumer and business spending, were up 3.1 percent following a 2.2 percent gain in the prior quarter, suggesting a relatively steady pace of growth.
EXEC: Under Armour’s and Mizuno’s So. America Partner Posts High-Teens Q1 Growth
The company, which manages the Under Armour, Mizuno and Olympikus brands in South America, said in its Q1 report that the e-commerce channel continued its strong growth trajectory during the first quarter, posting a 53.8 percent y/y increase for the quarter.
Lowa Revenues Inched Up in 2024 Led by Kids, Winter Shoes and Trail Running
Lowa Sportschuhe GmbH reported sales grew 1.9 percent in 2024 to €233.9 million ($246 mm), marking the second-best result in the German company’s history. Kids, winter shoes and trail running segments led the gains.
Revolve Group’s Earnings Jump On Double-Digit Sales Gains
The online fashion retailer reported a sharp uptick in adjusted operating earnings in the first quarter due to a 10 percent increase in sales and better cost controls.
Steven Madden Posts Flat Q1 Sales, Withdraws FY Guidance
The on-trend footwear and accessories brand reported that profits on an adjusted basis fell 9.8 percent in the first quarter, ended March 31, on flat sales. Earnings “significantly exceeded expectations,” but the company noted that it faces “meaningful near-term headwinds and heightened uncertainty” due to tariffs and withdrew its outlook for the year.
Unrivaled Sports Reports $120M Investment Led by Dick’s Sporting Goods
The youth sports platform, led by former Nike COO and CFO Andy Campion, received a $120 million investment led by Dick’s Sporting Goods. Other participants included Miller Sports + Entertainment, Dynasty Equity, LionTree, and The Chernin Group.
Bogs Wholesale and Web Sales Declines Impact Parent Weyco’s Q1 Business
Weyco Group, Inc. reported Bogs’ wholesale sales were down 5 percent in Q1, due to lower retailer demand. A decrease in Weyco’s Retail segment resulted primarily from lower sales on the Bogs website, due to reduced promotional activities in 2025.
Dick’s to Open First House of Sport in Cherry Hill, New Jersey
Dick’s plans to open the store in New Jersey’s Cherry Hill Mall in 2026. The retailer plans to open 16 House of Sport stores in 2025 with a goal to have between 75 to 100 locations nationwide in operation by the end of 2027.
Dunham’s Sports to Open First Store in New Mexico
The Michigan-based sporting goods retailer, is expected to open the Santa Fe store at the end of 2025, in a 60,000-square-foot space once occupied by the bankrupt Conn’s HomePlus.
Kane Footwear Names Chief Marketing Officer
Mark Tarnuzzer will be key in shaping the designer and manufacturer of active recovery footwear’s strategy, marketing activations, partnerships, and optimizing e-commerce performance.
Reebok Appoints New Head of Basketball
Reebok has named Jide Osifeso, founder of the contemporary menswear label Hymne, as its new head of basketball. Reebok re-entered the basketball category following its acquisition by Authentic Brands Group in 2022.
Golden Goose Initiates Bond Sale to Refinance Debt
The luxury Italian sneaker maker plans to sell €480 million ($543 million) of bonds to refinance debt, with the option to buy the notes back should it successfully revive plans for an initial public offering over the next year,
ThredUp Lifts Guidance on Q1 Beat
The resale platform raised its targets for sales and earnings for the year after reporting first-quarter results that topped estimates. Sales grew 10 percent in the first quarter.
On Inks Partnerships with ITA and AIU; Amplifies Commitment to Clean Sports
The new strategic partnerships with the ITA and AIU are critical cornerstones of On’s “Athlete Compass” program, which embodies its holistic approach to athlete support.
Baffin Launches Detour (MET) Unisex Boot for Demanding Environments
While this style is designed with the mining industry in mind, its durability and protection are applicable for various other applications and fields, including agriculture, chemicals, construction, food processing, manufacturing, and utilities.
