Same-store sales decreased 6.1 percent for the fourth quarter of fiscal 2024. For the fiscal 2025 first quarter, the company expects same-store sales to be down in the mid- to high-single-digit range compared to the fiscal 2024 first quarter.
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EXEC: Wilson Sports Returns to Growth in 2024 on Very Strong Q4 Sales
The 22 percent jump in revenue came as the business continued to build on a sequential improvement throughout 2024 after posting a 14 percent decline in the first quarter, a 1 percent gain in the second quarter and 11 percent increase in the third quarter.
EXEC: Salomon Sneaker Sales Exceed $1B in 2024; Winter Sports Equipment Falters
Salomon footwear and apparel now represent approximately two-thirds of the Outdoor Performance segment that also includes the Salomon, Atomic and Armada snow sports equipment brands, up significantly from the 54 percent share in 2022.
Body Fit Training Expands to Scandavian Market with Oslo, Norway Location
The Oslo studio reportedly marks the beginning of BFT’s expansion into Scandinavia, which will be followed by locations in Stockholm and Copenhagen over the next year. Regional growth is reportedly being driven by seasoned fitness operator Tage Flugeim.
EXEC: Arc’teryx Brand Surpasses $2 Billion Mark in 2024 as Sales Grow 36 Percent
Amer Sports CEO James Zheng told analysts and investors on the company’s Q4 conference call that strong growth at Arc’teryx came across all regions, channels, and categories — especially in footwear and women’s, which grew faster than the brand overall.
New Helly Hansen Parent Kontoor Brands Gets Nice DTC Lift to Post Solid Q4
The denim brand spin-off from VF Corporation, primarily comprised of the Wrangler and Lee brands, posted revenue of $699 million in the 2024 fourth quarter, a 4 percent increase in reported terms or a 5 percent on constant currency.
EXEC: REI Co-op Raises $230 Million Through Sale-Leaseback Deals for Four DCs
The chain specialty outdoor retailer has entered into a long-term sale-leaseback agreement with Madison Capital, a New York-based real estate investment firm, for its four Class A distribution center properties.
Former Nike and TNF Exec Nicole Otto Joins Ruggable as CEO
For nearly 17 years, Otto worked for Nike, Inc. ascending through the ranks to run Nike Direct for North America. She was with VF Corporation for over two years as global brand president of The North Face until June 2024.
Scheels to Open Third Store in Wisconsin in 2027
Wauwatosa Scheels will employ 500-plus store associates, the majority of whom will be employee owners hired locally. The store will be the company’s 36th location. A 35th store will open in Fall 2026 in Cedar Park, TX.
Report: Tennis Participation Grew 8 Percent in 2024 to 25.7 Million Players
One in every 12 Americans played tennis in 2024, the highest proportion on record, concluded the USTA based on the partner studies. This exceeds the five-year average ratio of one in 16 Americans.
Report: Golf Participation Sets Record for Diversity in 2024
Among the 28.1 million Americans who played golf on a course in 2024, the most since 2008, 28 percent were female and 25 percent were Black, Asian or Hispanic, both representing the highest proportions ever recorded, according to the NGF.
The Toronto Tempo, Canada’s First WNBA Team, Names First General Manager
Monica Wright Rogers, a WNBA champion and collegiate All-American, will lead basketball operations for the Tempo, including, most immediately, the hiring of a head coach and building out the roster for the team’s inaugural season.
EXEC: Sturm, Ruger Gets Q4 Lift from New Products as NICS Checks Weaken
New products represented $159.3 million, or 32 percent of firearms sales in 2024, an increase from $119.0 million, or 23 percent, in 2023. The launch of the RXM pistol collab with Magpul reportedly had a significant impact in December.
ABC Fitness Appoints Chief Strategy Officer
The global fitness provider, announced that Mohammed (Mo) Iqbal has joined the company in the newly created role as chief strategy. As the founder and CEO of SweatWorks, a digital agency specializing in fitness technology, he has been “at the forefront of AI, interoperability and data-driven personalization.”
Lids Appoints New Chief Financial Officer
Greg Cox was promoted to CFO effective immediately. He has worked for the company for eight years. In his new role, he will lead strategic growth initiatives and operational simplification across the global retailer’s business functions.
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