SGB Update Footwear

Target Raises Quarterly Dividend

The retailer reaffirmed announced a 1.8 percent increase in its quarterly dividend to shareholders, now set at $1.12 per common share, from the previous quarterly dividend of $1.10.

Academy Sports’ Q1 Earnings Miss Wall Street Targets

Academy Sports and Outdoors, Inc. reported first-quarter earnings on an adjusted basis slid 20.8 percent and came in lower than analyst expectations for the second straight quarter. Same-store sales were down 5.7 percent, and gross margins were off slightly. Steve Lawrence, CEO, said, “Our customers remain under pressure in the current economic environment.”

Le Coq Sportif Parent Posts Loss In 2023

Airesis, the Swiss holding company that owns the Le Coq Sportif French sports brand and Movement skis, recorded a negative EBITDA of CHF 20 million ($22 mm) and a net loss of CHF 36 million ($40 mm) in 2023.

Waiting Period Ends In JD Sports Bid For Hibbett Sports

Hibbett, Inc. said in a regulatory filing that the Hart-Scott-Rodino waiting period for the proposed acquisition by JD Sports expired, effective June 7, removing any objections from the federal government to the deal on antitrust grounds.

Primark to Open Store in Tysons Corner

Tysons Corner Center in Tysons, VA, will open on July 16, increasing the retailer’s U.S. store count to 25 in 10 states and over 445 stores globally.

April Golf Rounds Show Slight Gain

Golf Datatech, which has agreed to be acquired by Circana, reported that the national rounds of golf played were up 0.8 percent for the month of April year over year and are up 4.2 percent in the first four months of the year.

Golden Goose’s Debt Ratings Upgraded On Strong Q1, Upcoming IPO

S&P Global Ratings raised the debt ratings on Golden Goose SpA due to its strong operating performance in the first quarter marketed by 12 percent growth on a constant-currency basis. The company said the Italian luxury brand’s producer’s ratings could be further upgraded upon the expected completion of an initial public offering.

TJX Companies Plans Joint Venture in Mexico with Grupo Axo

TJX does not anticipate this proposed transaction with Guppo Axo, the operator of global brands in Mexico and South America that includes both full- and off-price formats, to have a material impact on its previously reported sales, profit or earnings per share guidance for Fiscal Year 2025.