Wolverine Q1 Sales Slip Despite Momentum For Merrell And Saucony
Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year.
Foundation Wellness Acquires Currex As Complement To Powerstep Brand
Foundation Wellness has acquired Currex, a leading brand of insoles designed for athletes and active individuals. Currex is a top brand in retail running stores across the U.S. and Germany.
a leading insoles brand designed for athletes and active consumers, and carried in retail running shops across the U.S. and Germany.
NRF Economist Reports Q1 Challenges Bringing Inflation Under Control
During the first quarter, slower-but-continued growth in gross domestic product and other economic indicators showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
Association Of Golf Merchandisers Names CEO
The Board of Directors of the Association of Golf Merchandisers (AGM) hired Jennifer Morton as its new CEO, effective immediately.
Nike Adds Board Member
Nike Inc. appointed Maria Henry, formerly at Kimberly-Clark Corporation, to its Board of Directors.
Allbirds Posts Q1 Loss On 13 Percent Revenue Decline
Allbirds, Inc. reported a loss in the first quarter ended March 31 as sales were down 13.4 percent, although results topped company guidance.
Eastern Mountain Sports Returns To Vermont With New Flagship Store
Eastern Mountain Sports has returned to Vermont with the opening of its 13,518-square-foot two-level flagship store in Burlington on April 21.
Blain’s Farm & Fleet Opens New Store In Rhinelander, WI
Blain’s Farm & Fleet announced it is opening its 45th store in Rhinelander, WI on May 11.
JD Sports To Acquire France’s Groupe Courir; Moves to Simplify JD Brand Subsidiaries
JD Sports Fashion Plc intends to take its first acquisitive steps in fulfilling the growth ambitions, as set out at the Capital Markets Event in February this year. Additionally, the Group is reviewing options to simplify the shareholdings in a number of its subsidiary businesses across Europe
Under Armour Swings To Fiscal Q4 Profit On Footwear Growth; Inventory Up 44 Percent
Under Armour reported that revenue for the fiscal fourth quarter was up 7.5 percent to $1.40 billion (+10 percent currency-neutral) in the period ended March 31. Net income was $170.5 million for the quarter, compared to a loss of $59.6 million in the prior-year quarter.
Golf Rounds Played Slide In March
Rounds of golf played in March 2023 were down about 2.3 percent in March on a national level year-over-year and are now down 0.2 percent for the year, according to Golf Datatech.
Rab, Lowe Alpine Names U.S. Marketing Manager
Rab and Lowe Alpine promoted outdoor industry veteran Annalee Loomer to U.S. Marketing Manager, a new role for the company’s domestic marketing department.
NRF Expects 2023 Imports To Remain Below 2022 Most Of Year
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Steven Madden’s Q1 Revenues Decline 17 Percent
Profits at Steven Madden, Ltd. fell 48.8 percent in the first quarter ended March 31 on an adjusted basis as sales declined 17.1 percent on lower wholesale shipments and challenging year-ago comparisons. The trendy footwear maker reiterated its guidance for the year.
Good To-Go Hires Marketing Manager
Good To-Go, founded by Chef Jennifer Scism in 2014 and based in Kittery, ME, hired Kristen Murphy, formerly at Vibram, as marketing manager.
