Sporting Goods Retail Industry Icon Jim Chick Passes Away
The National Sporting Goods Association shared that former NSGA board member and board chair, Jim Chick, passed away. Chick was president & CEO of Chick’s Sporting Goods, headquartered in Covina, CA, for nearly 40 years. He was a member of the NSGA board of directors from 1985 to 1994 and was the board chairman in 1992.
Nordstrom Adding Two Rack Stores In Fall 2023
Nordstrom, Inc. reported plans to open two stores in fall 2023—a Nordstrom Rack in Natomas, CA, and a Rack store in San Antonio, TX.
Reebok Partners With Macy’s
Macy’s reported it expanded its partnership with Reebok to include a broader selection of activewear and lifestyle products, including exclusive merchandise, extended sizes and collections available only at Macy’s.
OrthoLite And Novamont Create Circular Foam Material Solution For Use In Footwear
OrthoLite, the manufacturer of sustainable, performance and comfort insoles and footwear materials solutions, and Novamont, responsible for developing, producing, and eco-design of biodegradable and compostable bioplastics and biochemicals, entered into an exclusive partnership to create the OrthoLite Cirql, a circular foam material solution for footwear.
Report: New Brand Resale Index Recognizes REI, Arc’Teryx And On As Top Brands
Trove released its Brand Resale Index: Defining the Resale Experience. The Index evaluates leading practice adoptions across 40 brands in the Outdoor, Footwear, Fashion/Apparel, and Luxury categories.
OR, Surf Expo Parent Swings To 2022 Profit On Triple-Digit Revenue Growth
Emerald Holding Inc. reported significantly improved earnings and sales in the fourth quarter and year ended December 31 as trade shows continued to return to in-person events.
Famous Footwear’s Q4 Margin Weakness Impacts Parent’s Profits
Caleres Inc. reported earnings on an adjusted basis declined 33 percent in the fourth quarter as margin declines at Famous Footwear offset improvement at its Brand Portfolio segment. Famous Footwear still managed a 0.7 percent comp gain in the quarter and Caleres’ overall inventories were down 2.8 percent year over year.
Castore Sponsors First National Soccer Team
Castore, the UK sportswear brand, signed a multi-year agreement to replace Umbro as the official kit supplier and retail partner of Ireland’s national soccer teams. The six-year deal runs until 2028 and is Castore’s first with a national soccer team.
Puma Opens Running Testing Facility
Puma opened the Puma Nitro Lab, an athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. Based at Hartmann’s facility near Frankfurt, Germany, the lab provides athletes with detailed, full-body insights using tests and scans, including 4D Motion analysis.
Women’s Tennis Association Secures $150M Investment
The Women’s Tennis Association announced that CVC Capital Partners, the global private equity firm, had become a commercial partner after making a $150 million investment that gave CVC a 20 percent stake in a new commercial subsidiary named WTA Ventures.
True Fit Hires Chief Revenue Officer; Names Global CMO From Within
True Fit hired former Snap, Inc. and Bazaarvoice executive Rob Weaver as its chief revenue officer. The fit personalization platform also promoted Sarah Curran, managing director of the EMEA, to global chief marketing officer.
REI To Open In Sarasota This Fall
REI Co-op will open a store in Sarasota this Fall 2023 in the University Town Center, its eighth store in Florida.
Stitch Fix Posts 20 Percent Sales Decline In Fiscal Q2; CFO To Exit
Stitch Fix, Inc. reported a loss of $65.6 million in the fiscal second quarter ended January 28 as sales declined 20 percent.
A.k.a. Brands Sees Q4 Sales Fall 18 Percent; CEO To Take Medical Leave
A.k.a. Brands Holding Corp, the parent of Princess Polly, Culture Kings, mnml and Petal & Pup., reported sales decreased 18.3 percent in the fourth quarter, to $149.1 million, compared to $182.4 million in the fourth quarter of 2021. Currency-neutral sales were down 13 percent.
Report: Shein Exploring IPO
Shein, the Chinese-based online fashion retailer, intends to raise about $2 billion in a new funding round in March and is aiming for a U.S. initial public offering listing in the second half of this year.
