SGB Update Footwear
Adidas Neuroscience Study Assesses Impact of Pressure on Sports Performance
Adidas set out to tackle the negative impact of pressure in sports and found that grassroots athletes experience the same amount of pressure as elite-level athletes but are less equipped to deal with it.
Eoin Comerford Departs Moosejaw CEO Post with Integration into Public Lands
Comerford made the announcement on LinkedIn last week which aligns with the previously announced timeline for consolidating the Moosejaw business into Dick’s SG’s Public Lands retail business based in Pittsburgh, PA.
Amer Sports Prices and Increases New Private Notes Offering
The new size of the offering reflects an increase of $200 million in aggregate principal amount of the Notes from the previously announced offering size of $600 million.
NRF: Import Cargo Continues to Rise Despite Red Sea Disruptions
U.S. ports covered by Global Port Tracker handled 1.87 million Twenty-Foot Equivalent Units, one 20-foot container or its equivalent, in December, the latest month final numbers are available, down 1 percent from November but up 8.3 percent year-over-year, the report indicated.
Shein to Expand U.S. Presence with Seattle-Area Office
The company anticipates hiring over 50 employees in logistics and distribution to work from the new space by the end of 2024.
The Buckle Posts a 17 Percent Comp Store Sales Decline for January
Comparable store net sales for the 53-week period full-year period ended February 3, 2024, decreased 8.0 percent from comparable store net sales for the 53-week period ended February 4, 2023.
Tractor Supply Comps Down 4.2 Percent in Q4 as Net Income Declines
Fourth quarter net sales decreased 8.6 percent to $3.66 billion, compared to $4.01 billion in the fourth quarter of 2022. The company said the prior year’s fourth quarter included an extra sales week as part of the company’s 53-week calendar in 2022
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.
