SGB Update Footwear
Callaway Golf Sets Long-Term Financial Targets
Callaway Golf Company expects annual growth projections from fiscal 2021 through 2025 of 10 to 12 percent, led by more than 18 percent growth at Topgolf growth in the high-single digits in its non-Topgolf businesses. The company provided its growth plan as part of its Investor Day.
Brunt Workwear Appoints President
Boston-based Brunt Workwear announced the appointment of Kevin Eskridge, most recently chief product officer at Under Armour, as the company’s president. In this role, Eskridge will oversee the company’s product development, merchandising, sourcing, and global retail expansion.
OluKai Opens Store In Wailea
OluKai opened a store at The Shops at Wailea in Hawaii.
Academy Sports Opens Store In Conyers, GA
Academy Sports + Outdoors announced the opening of its Conyers, GA store. Academy now has 11 locations across metro Atlanta and 19 throughout Georgia.
Report: JCPenney Owners Offer $8.6 Billion For Kohl’s
Simon Property Group and Brookfield Asset Management are offering to acquire Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.
Dr Martens Appoints Global Creative Director
Dr. Martens promoted Darren McKoy to global product category director.
Vail Resorts Sees Encouraging Ski Season Metrics
Vail Resorts said it expects resort fiscal 2022 reported EBITDA to be at or around the top of its guidance range issued on March 14, 2022 given the ski season trends from the beginning of the ski season through April 17, 2022.
OrthoLite Hires Chief Brand Officer
OrthoLite, which just launched Cirql recyclable and compostable midsole foam, hired Kristin Kohler Burrows as chief brand officer. Burrows previously worked for Converse, Keds, Adidas, Fila and G.H. Bass and was most recently a management consultant in the Consumer and Retail Group at Alvarez & Marsal.
Bass Pro Plans Family Health Center In Springfield
Bass Pro Shops plans to open a Family Health Center this fall, offering health care services for Bass Pro Shop employees and their families in the Springfield region.
Golf Rounds Played Decline 14 Percent In March
Golf Datatech’s National Rounds Played Report for March shows that U.S. rounds were down 14.3 percent in the month and down 7.5 percent year-to-date year-over-year.
Mother’s Day Spending To Reach Record High
Mother’s Day spending is expected to total $31.7 billion this year, up $3.6 billion from 2021’s record spending, according to the annual consumer survey released by the National Retail Federation and Prosper Insights & Analytics. Approximately 84 percent of U.S. adults are expected to celebrate Mother’s Day.
L.L.Bean Continues Expansion In Canada With Five Retail Stores To Open In 2022
L.L.Bean announced the continued expansion of its footprint in Canada, with five stores scheduled to open this year. In partnership with Jaytex Group, L.L.Bean will increase its store count from 8 to 13.
Lululemon, REI And Patagonia Score Top Marks For Resale Programs
According to a review of brands and retailers with dedicated resale programs, Lululemon ranked third, REI fourth and Patagonia fifth in ThredUps’s recommerce 100 study.
Academy Sports & Outdoors HQ And Distribution Center Sold For $190 Million
Mirae Asset Global Investments, based in Seoul, South Korea, has purchased the headquarters campus of Academy Sports + Outdoors in the West Houston, TX suburb of Katy. Phoenix-based Tratt Properties sold the 1.5 million-square-foot campus, which is triple-net leased to Academy Sports on a long-term lease, for $190 million.
Amazon Opens Up Prime Delivery Service To Other Retailers
Amazon, on Thursday, launched a new service, Buy with Prime, that lets third-party merchants use its shipping and logistics network to fulfill orders on their sites and its 200 million-plus Prime customers.
