Allbirds Inc. Sees First Quarter Revenues Drop 28 Percent
Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.
EXEC: Puma CEO Sees U.S. Returning to Growth in Second Half
Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
Dick’s Official Sporting Goods Retail Partner of the Boston Celtics and Red Sox
Dick’s will also be the presenting partner of each franchise’s youth initiatives, including the Boston Red Sox’s Kid Nation and the Boston Celtics’ Junior Celtics Academy All Girls Showcases.
Bogs Continues Sharp Wholesale Decline in Q1; Retail E-Commerce Grows
The Bogs brand reportedly experienced the largest decrease in the Wholesale segment, with sales down 48 percent for the quarter, as retailers reduced orders due to surplus products in the outdoor footwear market.
NRF Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
“We haven’t seen numbers this high for this many months in almost two years.” —NRF Vice President Jonathan Gold
Adidas x KoRun to Release Second Collab
Drawing on the band members’ preference for wearing three-stripe Adidas tracksuits, the collection includes a green sequined track top, matching pants with co-branded detailing, additional apparel pieces and custom takes on the Adidas Campus 2.
Candace Parker Appointed President of Adidas Women’s Basketball
Parker steps into the role following her retirement from the WNBA and marking a sixteen-year partnership with Adidas during her pro basketball career.
Report: U.S. Sports Participation Increased Across Most Categories in 2023
Pickleball continues to grow in popularity, with the highest percentage increase year-over-year for the fourth consecutive year. Pickleball was up 54 percent in 2023 vs 2022.
Simon Property Group Sells Stake in Authentic Brands Group
Simon Property Group reported it sold the remaining 10 percent stake in brand management firm Authentic Brands Group for $1.2 billion.
Wolverine Worldwide Business Continues to Shrink in Q1 While Turnaround Progresses
Revenue for the ongoing business fell nearly 25 percent in Q1, The parent of the Merrell, Saucony, Wolverine and Sweaty Betty brands said it is beginning to see proof points emerge as early validation of its strategy and execution on its turnaround and transformation plan.
JD Sports Opens First Store in the Middle East
The occasion follows the franchise agreement with GMG, announced in July 2023, and a testament to the brand’s global reach and appeal.
Wolverine Worldwide Names New CFO
Taryn Miller was appointed as the company’s chief financial officer. She will succeed Michael D. Stornant, who is retiring after nearly 30 years with the company.
Puma Returns To Growth In The Americas In Q1
Puma’s sales in the Americas region showed positive sales growth in the first quarter on a currency-neutral basis for the first time in four quarters but reported sales and earnings declined due to unfavorable currency effects and challenging year-ago comparisons. The results were in line with company expectations, and full-year guidance was maintained.
Imbox Protection Opens Global HQ in Denmark
The biulding has two wings, one for administration and the other dedicated to storage and product development.
