EXEC: Dick’s SG Leadership Details Q1 Comps, House of Sport, 50K Stores, Q2 View
First-quarter comps were reportedly driven by a 2.7 percent increase in transactions and a 2.6 percent increase in average ticket with strength across footwear, athletic apparel and hardlines. DKS will begin to anniversary the higher shrink rates from 2023 in the second quarter.
Innovative Eyewear, Inc. to Launch Eddie Bauer Smart Eyewear with ChatGPT
The Eddie Bauer Smart Eyewear collection will debut with four polarized sunglass styles, showcasing a rimless smart eyewear design and includes voice access to ChatGPT.
Sierra Celebrates 100th Store Opening
The 20,000-square-foot storem part of TJX Companies, Inc., will open on May 31 in Deertrace Kohler shopping center in Sheboygan, WI.
Beyond Yoga Opens at Bellevue Square Mall
The second Beyond Yoga flagship outside California opened in the Seattle area on May 29.
Gildan Activewear Re-Appoints Chamandy as President and CEO
The Gildan Activewear, Inc. Board of Directors re-appointed Glenn J. Chamandy as president and CEO and Michael Kneeland as non-executive Chair of the Board, each effective immediately.
Brand Velocity Group Appoints Joe Flannery as CEO of Score Sports
Most recently, Flannery was the EVP at Topgolf Callaway Brands, responsible for the company’s global apparel and softgoods businesses. He has also held executive roless at Adidas, Nike/Nike Bauer Hockey, The North Face, and Newell Brands.
Dick’s Sporting Goods Ups Full Year Outlook on Solid Q1 Results
The retailer saw mid-single-digit comparable stores sales growth in the first quarter ended May 4, but hurt by a much higher effective tax rate for the quarter that cut into any bottom-line benefits.
United Pickleball Association Taps Former Dallas Mavericks Exec as Chief Revenue Officer
George Killebrew, who also served as commissioner of Major League Rugby, will lead the organization’s revenue strategy.
Section 301 Tariff News is Not Good for the Bike Business
PeopleForBikes said all May 31, 2024 exclusions are briefly extended to June 14, as a “transition period.” Exclusions for bicycle trailers and some bicycle helmets are extended to June 1, 2025.
EXEC: U.S. Supreme Court Denies Avenatti Appeal to Overturn Nike Fraud Conviction
The Supreme Court rejected Michael Avenatti’s appeal to overturn his conviction for attempting to extort nearly $25 million from Nike and cheating other clients out of millions. He is serving 30 months in a San Pedro, CA, federal corrections facility.
Fanatics Partners with Rugby Australia With Online Store
Partnership runs through the 2025 Women’s Rugby World Cup, 2025 British & Irish Lions Tour and 2027 Rugby World Cup.
Adidas Originals x Craig Green Introduce Three Silhouettes for SS24
Adidas x Craig Green introduce the CG Retrophy collection which includes the Boost, Sandal and three new colorways for the Squash Polta AKH.
Ross Stores First Quarter Sales In Line with Guidance Despite Macroeconomic Headwinds
Earnings results for the period were better-than-expected primarily due to lower expenses relative to our plan.”
Deckers Brands Sees Slower Growth Trend in Year Ahead
The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.
On Elects New Independent Member to Board
On elected Laura Miele as an additional independent member of its Board of Directors. Miele will also serve as a member of the Audit Committee.
