SGB Update Footwear
Under Armour North America Sales Fall 12 Percent in Fiscal Q3
Overall revenue was down 6 percent to $1.5 billion for the quarter as International revenues grew 7 percent. Revenue is expected to be down 3 percent to 4 percent for the fiscal year, tightening the previous expectation of a 2 to 4 percent decline.
Puma Appoints Julie Legrand to Lead Global Brand Strategy
Legrand brings 20 years of experience in marketing and brand management to the role. Most recently, she worked as H&M’s global brand director. She also held senior positions in marketing and brand at Procter & Gamble.
Lightspeed Announces Third Quarter 2024 Financial Results
Total revenue of $239.7 million grew 27 percent year-over-year and surpassed previously established outlook.
Costco Comps Grow 3.4 Percent in January ex-Fuel
Net sales were $22.08 billion for the retail month of January, the five weeks ended February 4, 2024, an increase of 4.5 percent from $21.13 billion in January last year.
Skechers Board of Directors Wins Case in Shareholder Derivative Suit
The Delaware Chancery Court Dismissed with prejudice the complaint against all named current and former Skechers Board of Directors named as defendants in the action.
Mark Wahlberg x Club Sports Group Opening New F45 Training Studios in Boston
Club Sports Group, operator of three F45 Training studios in Boston, entered into an exclusive partnership with Mark Wahlberg to open multiple new studios across Greater Boston.
VF Corporation CFO Stepping Down After 23-Year Run with Company
CFO Matt Puckett will be stepping down later this year. He will stay on until a new CFO is appointed to help ensure a smooth transition.
VF Corp. Sees Q3 Business Decline Accelerate; Will Conduct Strategic Review of Brands
The 16 percent year-over-year decline was an acceleration of the decline in the business, which was down just 2 percent in the fiscal second quarter when new CEO Bracken Darrell sounded the alarm that all was not well in the business.
Tactics Opening First Location Outside of Oregon
The Oregon-based skateboarding and snowboarding specialty retailer is adding a new store in the Ballard neighborhood of Seattle, WA. The opening is planned for early summer 2024.
Nordstrom to Open 18th Rack Store in Illinois in Spring 2025
The 25,000-square-foot store will be located in Randall Square, adding to the four Nordstrom stores and 17 Nordstrom Rack stores in Illinois at press time.
Amer Sports Company Launches New Senior Secured Notes Offering
The net proceeds from the offering of the Notes and the expected net proceeds from the New Senior Secured Credit Facilities are expected to repay all outstanding indebtedness under the company’s existing credit facilities, which will be terminated.
Costco Wholesale Appoints New CFO as Galanti Moves to Advisory Role
The Costco Board of Directors named Gary Millerchip EVP and CFO, effective March 15. He is the SVP and CFO at The Kroger Co. Galanti will remain with Costco through January 2025 in an advisory role and will continue on the Board of Directors.
Obviouslee Grows Outdoor Strategy Team
National marketing agency taps industry veteran Joe Jackson, promotes Andrew Piasecki to co-lead its outdoor team.
Decathlon Claims First to Market with Apple Vision Pro App
Decathlon said the app was reimagined for Apple Vision Pro to enable customers to discover its latest outdoor and cycling product innovations and shop for their favorite sporting goods.
Oboz Expands Sales Team Across North America with Multiple Moves
The company realigned its midwest sales territories, created two new regional sales manager positions, and moving its Canadian operations under the Canadian KMD Brands team.
