Minnesota State Partners With Nike/BSN Sports
The deal benefits Maverick’s athletic department with preferred team pricing through BSN Sports on Nike uniforms, apparel, footwear, and Jordan brand and program rebates.
Target Raises Quarterly Dividend
The retailer reaffirmed announced a 1.8 percent increase in its quarterly dividend to shareholders, now set at $1.12 per common share, from the previous quarterly dividend of $1.10.
Yue Yuen’s May Sales Boosted by Manufacturing Growth
Yue Yuen Industrial, Ltd. reported revenues rose 2.3 percent in May to $717.4 million. Sales rose 2.3 percent in its manufacturing segment but declined 8.0 percent in its retail segment.
EXEC: Academy Sports CEO Remains Bullish on Sales Recovery
Academy Sports and Outdoors missed Wall Street’s earnings expectations for the second straight quarter on lower-than-expected sales but Steve Lawrence, CEO, told analysts he remains confident growth will improve in coming quarters as the chain benefits from a focus on newness and value while capitalizing on key selling occasions over the year.
Under Armour Partners With USA Football
As the official and exclusive uniform, apparel and footwear partner of USA Football, including the U.S. men’s and women’s national teams, UA will also outfit the first Olympic team for the 2028 Summer Games as flag football and USA Football’s U.S. National Teams make their Olympic debut.
Dearfoams Parent Acquired by Marubeni Growth Capital
RGB becomes the first investment of the Next Generation Corporate Development Division of Marubeni in the U.S., a wholly-owned subsidiary of Tokyo-based Marubeni Corporation.
Academy Sports’ Q1 Earnings Miss Wall Street Targets
Academy Sports and Outdoors, Inc. reported first-quarter earnings on an adjusted basis slid 20.8 percent and came in lower than analyst expectations for the second straight quarter. Same-store sales were down 5.7 percent, and gross margins were off slightly. Steve Lawrence, CEO, said, “Our customers remain under pressure in the current economic environment.”
Lee Launches Collab with HeyDude For Summer
Lee and HeyDude launch new collaboration for Summer with Netflix Outer Banks series actor Chase Stokes, and current HeyDude ambassador, as the face of the campaign.
Puma Reintroduces the OG Speedcat in Classic Colors
The low-top Speedcat returns on June 19 with suede finishing in black and red, a nod to iconic F1 racing teams and racewear uniforms of the early 2000s. The campaign presents the silhouette as a symbol of empowerment and innovation.
Le Coq Sportif Parent Posts Loss In 2023
Airesis, the Swiss holding company that owns the Le Coq Sportif French sports brand and Movement skis, recorded a negative EBITDA of CHF 20 million ($22 mm) and a net loss of CHF 36 million ($40 mm) in 2023.
Waiting Period Ends In JD Sports Bid For Hibbett Sports
Hibbett, Inc. said in a regulatory filing that the Hart-Scott-Rodino waiting period for the proposed acquisition by JD Sports expired, effective June 7, removing any objections from the federal government to the deal on antitrust grounds.
Primark to Open Store in Tysons Corner
Tysons Corner Center in Tysons, VA, will open on July 16, increasing the retailer’s U.S. store count to 25 in 10 states and over 445 stores globally.
April Golf Rounds Show Slight Gain
Golf Datatech, which has agreed to be acquired by Circana, reported that the national rounds of golf played were up 0.8 percent for the month of April year over year and are up 4.2 percent in the first four months of the year.
CNBC/NRF: Retail Sales Jump in May After Slow April
May’s year-over-year gains align with what was seen earlier in the year, and the month-over-month increases are the largest in over a year.
Golden Goose’s Debt Ratings Upgraded On Strong Q1, Upcoming IPO
S&P Global Ratings raised the debt ratings on Golden Goose SpA due to its strong operating performance in the first quarter marketed by 12 percent growth on a constant-currency basis. The company said the Italian luxury brand’s producer’s ratings could be further upgraded upon the expected completion of an initial public offering.
