SGB Update Footwear
Caleres Sees Second-Quarter Sales Climb 9.3 Percent
Caleres saw sales expand 9.3 percent in the second quarter that ended July 30 as a 35.6 percent increase in its Brand Portfolio segment offset a 3.8 percent decline at Famous Footwear. Caleres reiterated its guidance for the year.
Ballogy Strikes Partnership With National High School Basketball Coaches Association
Ballogy, Inc., the skills assessment and development app and exposure platform for youth and amateur basketball players, has formed an exclusive partnership with the National High School Basketball Coaches Association (NHSBCA).
Academy Sports + Outdoors Opens 12th Store In Atlanta
Academy Sports + Outdoors opened its newest store in Atlanta, GA, its 12th location in the metro area and 20th in the state. Georgia. The 50,200 square-foot store is located at 130 Perimeter Center West in the Perimeter Square Shopping Center.
Macy’s Cuts Outlook Despite Q2 Beat
Macy’s, Inc. reported earnings and sales beat Q2 analyst views but reduced its outlook, citing weaker discretionary spending and the need to take markdowns to clear elevated inventories.
Canada Goose Appoints President, China
Canada Goose announced it had hired Larry Li as president, China, effective immediately. Most recently, LI was managing director, China at Dunhill, part of the Richemont Group.
Dick’s Sporting Goods Boosts 2022 Outlook As Q2 Tops Analyst Targets
Dick’s Sporting Goods reported second-quarter earnings and revenue that topped Wall Street estimates. The retailer raised its full-year EPS guidance and also increased the low end of its full-year comparable store sales guidance. Ed Stack, executive chairman, said in a statement, “The state of our industry is strong, and we remain in a great lane.”
Sportsman’s Warehouse Adds Board Member
Sportsman’s Warehouse Holdings, Inc. appointed Nancy Walsh as an independent Class III director to its Board of Directors and a member of its Audit and Compensation Committees.
Sqairz Appoints VP Of Operations
Sqairz, the golf shoe company based in Windham, NH, hired industry veteran Brad Mills as vice president of operations.
PlayOn! Sports Appoints CFO, Adds Board Member
PlayOn! Sports, which operates the NFHS Network, hired Susan Young as CFO and elected former Turner Sports COO Matt Hong to its Board.
Seawall Capital Acquires Majority Stake In Sports Endeavors
Seawall Capital has attained a majority stake in Sports Endeavors Inc., the owner of online retailer soccer.com, worldsoccershop.com and 431sports.com. The founding Moylan family of Sports Endeavors remains a minority investor and will continue to lead the North Carolina company.
New Balance To Sponsor First Division III University
Babson College Department of Athletics and Recreation and New Balance announced an apparel deal with current provider BSN Sports and additional ancillary benefits with the Boston-based firm.
USA Triathlon Appoints Board Member
USA Triathlon announced that Yvonne Spencer has been appointed as a general director of the USA Triathlon Board of Directors. Her term goes until December 31, 2025.
Hanesbrands’ Debt Ratings Revised To Negative
S&P Global Ratings revised its debt ratings outlook on Hanesbrands, Inc. to negative. The rating agency said Hanesbrands reported second quarter 2022 earnings below S&P’s expectations, specifically leverage of about 4.2x, compared to prior expectations of mid-3x, and due to the underperformance at its key growth brand Champion.
Wolverine World Wide’s Debt Ratings Lowered
Moody’s Investors Service downgraded Wolverine World Wide, Inc.’s debt ratings. The downgrade reflects Wolverine’s elevated leverage compared to Moody’s original expectations and similarly rated peers and risks to the pace of deleveraging given macroeconomic, foreign currency, supply chain pressures, and the more promotional retail environment.
Stella International Sees 19 Percent Growth In First Half
Hong-Kong-based Stella International Holdings Ltd’s revenue increased by 18.9 percent in the six months to U.S.$827.2 million with support from 9.4 percent growth in shipment volume.
