SGB Update Footwear
Nike Suspends Relationship With Kyrie Irving
Nike suspended its ties with Brooklyn Nets star Kyrie Irving and canceled his line of shoes following his promotion on social media of an anti-semitic documentary.
Canada Goose To Open Stores In Las Vegas And Denver
Canada Goose announced plans to open stores in permanent locations in Las Vegas and Denver, including two pop-up stores in Aspen and Detroit.
Adidas Eyes Puma’s Outgoing CEO Bjorn Gulden As New CEO
Adidas AG confirmed Friday that it is in talks with Puma Chief Executive Bjorn Gulden as a potential CEO successor. Earlier Friday, Puma said Gulden would leave at the end of the year and appointed Arne Freundt as its new CEO, effective January 1, 2023.
StockX Undergoes Lays Offs For Second Time In Four Months
StockX confirmed that it laid off less than 80 employees. In a media statement, the sneaker marketplace seller said it made “adjustments” to corporate teams “to align with our current organizational priorities.”
NRF Sees Holiday Sales Growing As Much As 8 Percent
The National Retail Federation (NRF) expects holiday sales growth over November and December will expand in the range of 6 percent to 8 percent to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5 percent over 2020.
Compass Diversified Sees Q3 Adjusted Earnings, Pro Forma Sales Up 15 Percent
Compass Diversified, the parent company to a number of active lifestyle brands, including BOA, 5.11, Primaloft and Velocity Outdoor, among others, posted $597.6 million in net sales in the third quarter, up 22 percent compared to $488.2 million in the third quarter of 2021.
REI Co-op To Open Second Store In New Hampshire
REI Co-op will open a new store in Bedford, NH, in fall 2023; this is the retailer’s second location in the state. The 22,000-square-foot space will be at Market and Main, at 125 S. River Road.
Titleist Parent Posts Strong Q3 Results Despite Footjoy Decline
Acushnet Holdings Corp. reported third quarter net sales of $558.2 million, up 7.0 percent year over year, or up 13.5 percent in constant currency.
The Buckle’s October Comps Inch Up
The Buckle, Inc. reported that comparable store net sales for the 4-week period ended October 29, 2022 increased 1.4 percent from comparable store net sales for the 4-week period ended October 30, 2021.
OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent
Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period.
Gildan Activewear’s Q3 Revenues Advance 6 Percent
Gildan Activewear, Inc. reported that adjusted earnings per share rose 5 percent in the third quarter ended October 2 year over year. Sales advanced 6 percent as a 13 percent increase in activewear sales offset a 26 percent decline in the hosiery and underwear category.
Under Armour Slightly Lowers Full Year Outlook
Under Armour Inc. slightly reduced its EPS and sales guidance for the year despite reporting fiscal second-quarter results that were in line with company expectations and just ahead of Wall Street targets.
Crocs Lifts Guidance As Q3 Results Beat Plan
Crocs Inc. raised its outlook for the year after reporting third-quarter earnings and sales topped guidance. Sales in the quarter jumped 57.4 percent with Crocs brand expanding 14.3 and Heydude surging 87 percent.
Vista Outdoor Cuts Outlook On Weakness In Outdoor Products Segment
Vista Outdoor Inc. became the latest firm in the active lifestyle space to reduce its guidance for its fiscal year due to the macroeconomic challenges with sales particularly weakening in its Outdoor Products segment. Second-quarter results came in line with recently updated guidance.
GOA Reports YTD Sales Growth Of 8.2 percent
Grassroots Outdoor Alliance (GOA) announced that based on topline revenue data provided by its retail members, GOA group sales numbers were up 8.2 percent year-to-date over 2021, which was a record-setting year for the group.
