Target Corp. Sees Flattish Bottom Line in Q1 as Comps Fall in the Mid Singles
Total revenue for the quarter was down 3.1 percent year-over-year to $24.5 billion, said to reflect a total sales decline of 3.2 percent and a 3.9 percent increase in other revenue.
Fanatics Signs Retail and Merchandising Partnership with R&A
The long-term deal covers eCommerce, event and physical retail, memorabilia, and licensing rights and will offer consumers the “largest assortment of Open and AIG Women’s Open merchandise ever assembled.”
TJX Ups Full-Year EPS Guidance as Q1 Comps Rise 3 Percent
The company said it saw comp sales growth at every division entirely driven by customer transactions, which underscores the strength of our value proposition.
Lululemon Re-Works Product, Brand Teams as Product Chief Sun Choe Departs
Jonathan Cheung, the global creative director, will drive product design, innovation and product development. Nikki Neuburger will become chief brand and product activation officer. Elizabeth Binder, chief merchandising officer, will report to Neuburger.
Peloton to Sell New Notes, Enter Into Billion Dollar Term Loan Facility
The company will offer $275.0 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1.0 billion five-year term loan facility and a $100.0 million five-year revolving credit facility
WHP Global Inks Lotto Licensing Deal for Brazil
Dray Industria e Comercio Ltd has operated in Brazil for three decades, being one of the primary references in the country’s sporting goods segment. The company is headquartered in Saudades in Santa Catarina.
Xponential Fitness Divests Row House Franchise Fitness Brand
Xponential reported it will “work closely with Extraordinary Brands to ensure a seamless transition experience for Row House franchisees.” Established Brands owns fitness brands, including EatTheFrog and Purvelo Cycle, Barre, and Hitt.
Massimo Group Expands Production Facility in Garland, TX
The company continues to experience sales momentum across UTVs, ATVs, ebikes, and pontoon boats, which accounted for annual revenue growth of 32 percent and 38 percent, respectively, in 2023.
Report: Gen Z RVers Most Likely Generation to Work on the Road
Teens drop tech and look to faith for meaning during family road trips. Baby Boomers increase multigenerational camping plans this summer. Economic constraints and appetite for travel push GenZ to search for free campsites. Demand for developed campgrounds booms.
Report: Western Winter Resorts See Disappointing End to Season
Destimetrics said occupancy struggled throughout most of the winter so the somewhat lower figures were expected, but aggregated daily rates were up to help mitigate the declines in seasonal revenues as of April 30.
WFSGI Makes Emma Zwiebler’s CEO Appointment Permanent
Zwiebler joined the WFSGI six years ago where she previously held the position of VP for Strategic and External Affairs. Zwiebler is a Trustee of the charity Switch the Play Foundation. She was appointed as interim CEO on November 1, 2023.
Deloitte: Summer Travel Stays the Course Amid Pricing Pressures
As costs takeoff, shifting demographics and desire to stretch dollars are likely changing how Americans travel. In its new report, Vacations Pass the Value Test: 2024 Deloitte Summer Travel Survey, Deloitte examines the trends and preferences that could shape the upcoming summer travel season.
Academy Sports + Outdoors Opens First Ohio Store, Expands Footprint to 19 States
The Zanesville, OH is roughly 54,000 square feet, marking the third store the retailer has opened in 2024. Academy plans to expand its retail footprint by opening 15-to-17 stores in its fiscal 2024 year, with 160-to-180 new stores over the next five years.
Macy’s, Inc. Narrows Full Year Guidance Range After Solid Start to Year
Macy’s nameplate go-forward business comparable sales were down 1.3 percent on an owned basis and flat on an owned-plus-licensed-plus-marketplace basis. First 50 locations comps were up 3.3 percent on an owned basis and up 3.4 percent on an owned-plus-licensed basis.
Amer Sports Easily Beats Q1 Guidance on Lift from Arc’Teryx, DTC and Asia
First quarter revenue increased 13 percent to $1.2 billion led by a 44 percent increase in the Technical Apparel segment and Asia. Outdoor Performance revenue increased in Greater China, Asia Pacific, and EMEA, offset by a decline in the Americas.
