Boot Barn Tops Guidance On Double-Digit Comp Growth
Boosted by significant improvement in the retailer’s ladies business and the roll out a new performance-boot platform, Boot Barn reported same-store sales grew 12.1 percent in the fourth quarter ended March 31 while earnings came in well ahead of guidance.
Puma Officially Exits Kering
Kering said the company has completed the spinoff of Puma.
NSGA’s Sporting Goods Market Report Shows Retail Sales Reach $69.4 Billion
Consumer retail purchases of sporting goods equipment, athletic footwear and athletic apparel increased to $69.4 billion for the categories tracked by the National Sporting Goods Association (NSGA) in 2017, an increase of 1 percent versus 2016.
Tommie Copper Closes Credit Facility
Second Avenue Capital Partners, LLC, (SACP) announced the company has provided a senior secured credit facility to Tommie Copper, the maker of compression products. The credit facility will be used to fund working capital and additional growth opportunities.
Rockport Receives Bankruptcy Court Approval Of “First Day” Motions
The Rockport Group LLC announced that the company has received approvals from the U.S. Bankruptcy Court for Delaware for all of the company’s First Day motions, which will support Rockport’s business operations as the company completes the previously announced court-supervised sale process.
Academy Sports Hires Ken Hicks As Chairman And CEO
Academy Sports + Outdoors announced that Ken C. Hicks, former CEO at Foot Locker Inc. has been appointed chairman and CEO. Departing CEO J.K. Symancyk is leaving the company to pursue another opportunity.
Report: Puma Targeting Trae Young For Basketball Relaunch
Puma is seeking to endorse Trae Young, expected to be a top-10 pick in the upcoming NBA Draft, as the face of the company’s return to basketball, according to a report from ESPN.
Finish Line Finds New Investor
Odey Asset Management, a London-based hedge fund, has acquired an 8.2 percent stake in The Finish Line, possibly complicating Finish Line’s merger with JD Sports Fashion.
Saucony Appoints Anne Cavassa President
Wolverine World Wide Inc. announced the appointment of Anne Cavassa as president of Saucony, Most recently, Cavassa served as chief customer experience officer and SVP of marketing and apparel for the Brooks Running Company.
Nike To Supply Birmingham Legion Football Club
Birmingham Legion Football Club (FC) announced a partnership with Nike as official supplier for the Magic City’s professional soccer team, set to begin play in 2019.
Macy’s Lifts Guidance On Strong Q1
Macy’s Inc. raised the company’s annual guidance after reporting first-quarter earnings that came in well ahead of Wall Street targets and a 3.9 percent gain in same-store sales.
The Spring Of Nike’s Discontent
March, April and May should be a time for Nike Inc. to focus on promoting new products and growing North American revenue, but this spring the global footwear giant has instead been stumbling over accusations of workplace harassment, which has led to a host of high-profile executive departures
RG Barry Adds to Exec Team
RG Barry Corporation, the maker of lifestyle footwear and accessories under the Dearfoams, Baggallini, and Foot Petals labels, appointed Scott Erdman as president of Baggallini, and Joseph Bean as SVP of e-commerce wholesale.
Boot Barn’s Q4 Earnings Soar
Boot Barn Holdings reported net income more than doubled in the fourth quarter ended March 31 as sales grew 12.1 percent.
Scarpa Relaunches N.A. Website
Scarpa has relaunched the company’s North American website to place a bigger heritage as the company celebrates an 80-year anniversary.
