SGB Update Apparel
TJX Companies Ramps Up Sierra Store Count to 117 Doors
The TJX Companies, Inc., parent of the TJ Maxx, Marshalls, HomeGoods and outdoor-oriented Sierra retail nameplates, reported net sales for the 13-week fourth quarter ended February 1 were $16.4 billion, flat versus the 14-week fourth quarter of fiscal 2024.
Hoka Opens Second Store in Paris’ Marais District
Hoka continues its expansion in France by opening a roughly 3100-square-foot store at 14 Rue Sainte-Croix de la Bretonnerie in the heart of the Paris’ Marais district; this follows the sports apparel and equipment brand’s first Parisian store, which opened in April 2024.
Big 5 to Continue Closing Stores as Weak Q4 Sales Trends Drift into Q1
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.
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.
Sports Paradise Welcomes Team Sales Account Executive
Maggie Egan brings four years of experience in the sports and nutrition field to Sports Paradise with a proven track record working with coaches and teams as a market development associate for Gatorade throughout New Jersey and Staten Island, NY.
Callaway Takes $1.45B Non-Cash Charge Against Topgolf Goodwill and Certain Assets
Fourth quarter net revenue increased 3.0 percent year-over-year to $924.4 million, primarily driven by increases in Golf Equipment. On a GAAP basis, the loss from operations increased $1.43 billion due primarily to a non-cash $1.45 billion impairment of the Topgolf goodwill and intangible assets.
REI Co-op Names VP of Enterprise Systems
Vignesh Pratap was, most recently, at Nike, Inc., where he worked over three years as senior director of Engineering, Global Technology.
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.
Summit Golf Brands Appoints Chief Financial Officer
Summit Golf Brands has hired Timothy Moore as chief financial officer, overseeing finances across each SGB’s apparel brands, including B. Draddy, Zero Restriction, Fairway & Greene, and EP New York.
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.
Ross Stores Sets CFO Transition Plan, Promotes Bill Sheehan to Deputy CFO
Company EVP and CFO Adam Orvos will reportedly retire, effective September 30. Sheehan, currently group SVP, finance, has been promoted to deputy CFO and is expected to succeed Orvos as chief financial officer on October 1.
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.
Walmart Gets Strong Q4 Lift from U.S. and Global E-Commerce Gains
Globally, e-commerce grew 16 percent with penetration up across all segments. Walmart U.S. comp sales up 4.6 percent with positive growth in general merchandise.
Richardson Hires Industry Vet as SVP Sales
Jason Krakow brings over 30 years of sales leadership experience in the headwear and sports apparel industries, most recently serving as president of the Caps Direct and Dri-Duck businesses.
Play it Again Sports Parent Sees Revenues and Profits Dip in 2024
Winmark Corporation reported that revenues for the year ended December 28, 2024, were $81.3 million, down from $83.2 million in 2023, impacting its decision in May 2021 to run off its leasing portfolio.
