SGB Update Apparel
Academy Sports and Outdoors, Inc. Sees Profits Sink on Comp Sales Decline
Academy Sports and Outdoors, Inc. reported first-quarter earnings and sales that came in below analyst targets. The sporting goods chain widened its guidance for the year to account for potential additional pressure on earnings in the second half tied to inflation.
Champion Inks Licensing Deal with NFL
Adding to its portfolio of league partnerships, which already includes the NHL, MLB and PLL. Champion will debut the partnership with a drop of exclusive, limited styles for the NFL at Fanatics Fest NYC, held at the Jacob K. Javits Convention Center June 20-22.
NRF: Summer Import Cargo Forecast to Surge but Full Year is Expected Down
Ports have not yet reported numbers for May but Global Port Tracker projected the month at down 13.4 percent from April and down 8.1 percent year-over-year. Volume is expected to surge over the summer and then expected to drop sharply for the remainder of 2025, with large year-over-year declines seen partly because imports in late 2024.
Hanes Names S&S Activewear Exclusive Distributor for Printwear
The exclusive distributor of the Hanes brand in the North American printwear channel will carry the full range of Hanes styles and also offer deeper inventory positions and enhanced availability across its national distribution network to support decorators and promotional partners.
Nordstrom Rack Plans to Open Locations in Texas and Georgia
Nordstrom announced plans to open two Nordstrom Rack locations in Flower Mound, TX (30,000 square feet) and Suwanee, GA (34,000 square feet) this fall. Nordstrom operates over 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations.
Dick’s SG Promotes Amanda Bonzo to VP Communications
Dick’s Sporting Goods promoted Amanda Bonzo to VP of communications. She joined Dick’s as senior director of communications in 2020 and took over as communications lead from former chief communications officer Peter Land in 2023.
Beyond Yoga Opens First East Coast Store
The 2,760-square-foot store in in Greenwich, CT is the Levi’s-owned brand’s largest to date and eighth overall. The company has additional store openings planned for later this year in Boston’s Seaport neighborhood, Westport, CT and Marin, CA.
Survey: What is the Price Increase Cutoff for Consumers to Drop a Purchase?
A recent survey conducted by ESW, compiled in “Impact of Tariffs on Purchasing Decisions,” reveals that 6 in 10 U.S. consumers will not absorb a 10 percent or greater increase in pricing at checkout due to tariffs.
Gearhead Outfitters Closes Store in Kansas
The closing of the Olathe store is part of a “broader strategic review” of the Arkansas-based, family-owned and operated retail company’s overall national footprint. The nearby Overland Park store will remain open.
Manchester United’s Commercial Revenues Expand 7 Percent In Fiscal Q3
The professional football club based in Manchester, England, reported commercial revenue for the fiscal third quarter ended March 31 was £74.7 million ($101 mm), an increase of 7.3 percent over the prior-year quarter.
Dick’s SG Seeks to Make Debt Exchange with Foot Locker as Part of Acquisition Deal
The U.S. retailer of sports equipment, apparel, footwear, and accessories, is offering to exchange its debt for Foot Locker’s $400 million outstanding debt as part of its pending acquisition.
The NBA Opens Lids Operated Store In Mall of America
In partnership with Lids and Fanatics, the store will offer an immersive experience for consumers to connect with the game while shopping a wide range of NBA and WNBA merchandise.
Abode Outside Names Bill Chandler Director of Sales; Adds Indie Reps
A veteran in the Outdoor and Specialty CPG industries, Chandler brings over 25 years of experience driving wholesale growth, building sales teams and strengthening brand visibility across North America and global markets.
Bass Pro Shops to Open New Outpost in Muncy, Pennsylvania
Bass Pro Shops will have four stores in Pennsylvania following the completion of the 75,000-square-foot Outpost store in Muncy, which is part of the redevelopment of a former Lycoming Mall property into “The District.” The design approach for The District will “emphasize community character, outdoor heritage and a sense of place.”
Zumiez’s Q1 Tops Guidance, Comps Climb 5.5 Percent
Zumiez Inc. reduced its net loss in the first quarter ended May 3 as same-store sales improved 5.5 percent on strong full-price selling. Sales topped Zumiez’s forecast for the quarter while earnings were in line.
