Academy Sports and Outdoors Board Approves New Share Repurchase Program
This new share repurchase program totaling $700 million replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter, and is effective as of December 4, 2024, for a period of three years.
Amer Sports Prices Upsized Public Share Offering at $23.00 Per Share
The parent of the Arc’teryx, Salomon and Wilson Sports, brands, among others, has priced its upsized public offering of 40.8 million ordinary shares at a price of $23.00 per share. The closing of the offering is expected to occur on December 6, 2024.
Duluth Trading Cites Weaker Web Conversion Rates, Slower Store Traffic, in Q3 Miss
The company said it saw growth in its average order value and a double-digit increase in digital traffic, but it was not enough to offset the year-over-year contraction in transactions. Top line trends improved leading into Black Friday week and continued through cyber Monday.
Famous Footwear Parent Cuts Full Year Guidance as Weak YTD Trends Flow into Q4
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands is the latest retailer to reduce its full-year guidance as sales and earnings came in under expectations.
Salesforce: Global Online Sales Reach All-Time High of $315B During Cyber Week
The company said data analyzed for the Cyber Week period revealed a record $314.9 billion in global online sales, with U.S. consumers contributing $76 billion of the total number.
Rapala VMC Hires Regional Sales Manager for Eastern U.S., Sourth Central Territories
As the company’s new Regional Sales Manager, Pete Przepiora is focused on the Eastern U.S., Texas, Arkansas, Louisiana, and Oklahoma, working with Rapala VMC’s retail partners and distributors.
United Wheels Elevates Bruno Maier to Chief Executive Officer
Maier has deep roots and a proven track record of success in the cycling industry. He started his career as a sales associate at Huffy 30 years ago. He joined UW in 2017 as the president of Allite, Inc., and most recently served as president and COO of United Wheels.
StockX Breaks Pre-Cyber Weekend Trades Record; Sees Continued Momentum Into Holidays
Asics is one of the fastest-growing sneaker brands on StockX and will set a new sales record in 2024. Top picks throughout the weekend included the Asics Gel-1130 Black Pure Silver and the Asics Gel-Kayano 14 Cream Black Metallic Plum.
Report: Footwear and Apparel Among Bright Spots for Weaker Store Traffic
“Categories like Apparel, Footwear, and Jewelry saw notable traffic increases on the Saturday following Black Friday, indicating that consumers are spreading out their purchases, revealing a shift in shopping behavior, with extended promotions allowing for more flexibility and reducing reliance on Black Friday.
Report: Online Spending Grew Mid-Teens During Week Ahead of Cyber Five Weekend
Shoppers drove online sales for the critical five-day Cyber Five shopping period up 6 percent in the U.S. versus the comparative period last year, but posted double-digit growth in the week leading up to the all-important weekend.
NRF Reports Thanksgiving Weekend Shopper Numbers Fell Short of 2023 Comp Period
The five-day holiday weekend from Thanksgiving Day through Cyber Monday saw an estimated 197.0 million shoppers, reportedly the second highest number in the NRF’s survey’s history after last year’s record of 200.4 million shoppers—exceeding its initial forecast of 183.4 million.
Thermore Appoints VP of Global Marketing and Communications
Laura Beachy has been appointed VP of global marketing and communications. She joins Thermore from Hyla Strategies, a NYC-based boutique marketing firm, where she served as a managing partner since 2014.
Academy Sports + Outdoors Opens Five New Stores to Finish Out 2024
New stores opened in Bradenton, FL; Yulee, FL; Searcy, AR; Meridian, MS; and Corsicana, TX. Overall, Academy continued its expansion in 2024 by opening 16 new stores during the year across ten states, including its first locations in Ohio.
EXEC: Teijin Group Touts Circularity Bonafides, Invests in Pre-B Round at Circularise
The funding will facilitate Circularise’s expansion in high-performance materials and broader industrial markets while preparing the groundwork for an anticipated Series B round.
Amer Sports Launches Public Share Offering of 34M Shares
The company said it intends to use the net proceeds it receives from the proposed offering to repay a portion of its outstanding borrowings under its term loan facilities.
