SGB Update Footwear
Under Armour Fiscal Q4 Revenues Slump 11 Percent; Expects MSD Decline In Q1
Under Armour, Inc.’s revenues declined 11 percent in the fourth quarter and 9 percent in the fiscal year ended March 31, but both sales and adjusted earnings topped guidance.
On Holding’s Q1 Sales Top Expectations, Trims FY Profit Guidance
The Swiss running brand slightly lowered its earnings expectations as tariffs have introduced higher levels of planning uncertainty but slightly raised its it sales expectations for the year.
Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023
Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Allbirds, Inc. Sees DD Revenue Decline in Q1 as Brand Transitions from DTC
The reiterated guidance includes negative impacts of approximately $18 million to $23 million of revenue associated with the transition from a direct selling model to a distributor model in certain international markets and the closure of certain Allbirds stores in the U.S.
CNBC/NRF Retail Monitor Reveals April Easter/Spring Break Boost
Growth in the Clothing, Footwear and Accessories store sector accelerated from the March trend, and the sector that includes Sporting Goods stores was up 9.2 percent y/y unadjusted in April after a strong 6.6 percent y/y gain in March.
Merrell and Saucony Post DD Q1 Growth at Wolverine Worldwide
Merrell increased 13.2 percent (+14.4 percent cc) in the first quarter, and Saucony jumped 29.6 percent (+31.1 percent) year-over-year. International business increased 16.4 percent year-over-year.
Crocs Withdraws Outlook Despite Q1 Easily Exceeding Expectations
First-quarter resultseasily topped analyst targets as the Crocs and Heydude brands exceeded management expectations. Sales of Crocs increased 2.4 percent, or 4.2 percent on a constant-currency (cc) basis, while sales of Heydude declined 9.8 percent.
Costco April Comps Grow 6.7 Percent x-Gas; E-Commerce Up High Teens
Costco Wholesale Corporation reported net sales of $21.18 billion for April, the four weeks ending May 4, 2025, an increase of 7.0 percent from $19.80 billion in 2024.
Fleet Feet Chicago Opens Ninth Chicagoland Store
Fleet Feet Chicago opened its first Chicagoland store in 1996. The Algonquin store marks the ninth Fleet Feet Chicago network store, owned and operated by Dave and Lisa Zimmer.
Rossignol Group Names Adam Ketcheson Chief Commercial Officer
The addition of Ketcheson, effective June 2, is expected to accelerate Rossignol’s international omni-channel deployment and contribute to its multi-season, multi-sport strategy.
NRF Chief Economist: Top-Line GDP Figures Overstate the Weakness in the Economy
The NRF reported private final sales to domestic purchasers, a measurement that focuses on consumer and business spending, were up 3.1 percent following a 2.2 percent gain in the prior quarter, suggesting a relatively steady pace of growth.
Revolve Group’s Earnings Jump On Double-Digit Sales Gains
The online fashion retailer reported a sharp uptick in adjusted operating earnings in the first quarter due to a 10 percent increase in sales and better cost controls.
Steven Madden Posts Flat Q1 Sales, Withdraws FY Guidance
The on-trend footwear and accessories brand reported that profits on an adjusted basis fell 9.8 percent in the first quarter, ended March 31, on flat sales. Earnings “significantly exceeded expectations,” but the company noted that it faces “meaningful near-term headwinds and heightened uncertainty” due to tariffs and withdrew its outlook for the year.
Unrivaled Sports Reports $120M Investment Led by Dick’s Sporting Goods
The youth sports platform, led by former Nike COO and CFO Andy Campion, received a $120 million investment led by Dick’s Sporting Goods. Other participants included Miller Sports + Entertainment, Dynasty Equity, LionTree, and The Chernin Group.
Bogs Wholesale and Web Sales Declines Impact Parent Weyco’s Q1 Business
Weyco Group, Inc. reported Bogs’ wholesale sales were down 5 percent in Q1, due to lower retailer demand. A decrease in Weyco’s Retail segment resulted primarily from lower sales on the Bogs website, due to reduced promotional activities in 2025.
