Report: Foot Locker Declined Yeezy Restock Sales Over PR Concerns
Foot Locker is reportedly declining to sell Yeezy shoes during Adidas’ sale of its remaining inventory over fears of a public backlash.
Dick’s SG Closes Store in Binghamton
Dick’s Sporting Goods closed its store in Vestal, NY, while opening a House of Sport in nearby Johnson City.
Iron Valley Supply Promotes Wells to Senior Merchandiser/Business Analyst
Cary Wells joined Iron Valley Supply as a merchandiser in May 2022, where he played a key role in building its brand offerings and expanding and maintaining current lines.
Dead Air Silencers Names Accessory Product Manager
Dead Air Silencers named Chris Wiggins as the accessory product manager. He brings to the position 12 years of firearms industry experience.
Rise Armament Appoints Director of Firearms Division
Rise Armament hired industry veteran William Smalley as director of its Firearms Division, including the Watchman and 1121XR rifle lines.
Vista Outdoor’s Sporting Products Business To Be Rebranded as The Kinetic Group
Vista Outdoor, Inc. announced its new name and identity that will be effective following the planned spinoff of Vista Outdoor’s Outdoor Products business. Post-spin, Vista Outdoor will be rebranded as The Kinetic Group, a name “that surfaced among employees during the naming process and represents the energy behind the company and its leading ammunition brands,” […]
Nox Cycles Makes Key Sales and Marketing Hires
Nox Cycles, the manufacturer of e-mountain bikes in Zillertal, Austria, hired Andreas Barth as area sales manager for Southern Germany, Jochen Mang as area sales manager for Austria and Peter Auböck as digital marketing and social media manager.
NRF Economist Sees Consumer Spending Growth Slowing
U.S. consumers are still buying more than last year, but spending growth has slowed as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation Chief Economist Jack Kleinhenz said Thursday.
Certor Sports, Parent to Schutt, Tucci and Vicis, Names CEO
Certor Sports named Jeremy Erspamer its CEO, overseeing Certor Sports’ portfolio, including Schutt, Tucci and Vicis.
Dillard’s Sees Decline in Q2 Profits as Comp Decline 3 Percent
Dillard’s, Inc.’s earnings declined 19.5 percent in the second quarter as same-store sales decreased 3 percent. Dillard’s CEO William T. Dillard, II, stated, “The cautious consumer we noted in the first quarter continued in the first few weeks of the second, leading to a sales decline of 3 percent.”
SportChek’s Sales Flattish in Second Quarter
Canadian Tire Corporation, Ltd. reported SportChek’s comparable sales were up 0.1 percent in the second quarter ended July 1. Team sports and lifestyle footwear grew, while athletic clothing and outerwear were down. Canadian Tire’s overall comps were up 0.1 percent.
Leatt Corp. Q2 Hurt by Body Armour Decline Offsetting Continued Helmet Growth
The company said 2023 continues to be challenging for the entire MOTO and MTB industry due largely to post-Covid stocking and sell-through dynamics. DTC sales grew as a percent in the quarter.
Sportsman’s Warehouse Opens 9th Store in Colorado
Sportsman’s Warehouse Holdings Inc. opened its second location in Colorado Springs, marking its ninth in Colorado.
Hanesbrands Sees Champion Brand’s Continued Slide in Q2 Offset Gains Elsewhere
On a constant-currency basis, net sales decreased 4 percent, with growth in U.S. Innerwear and Champion in Asia more than offset by a decline in U.S. Activewear and the continued macro-driven slowdown in consumer spending impacting Australia.
Yeti Holdings Lifts EPS Outlook On Margin Improvement
Yeti Holdings, Inc. reported earnings and sales declined in the second quarter in part due to its soft cooler recall. Sales on an adjusted basis increased 2 percent and both earnings and sales topped analyst targets. Yeti raised its EPS guidance for the year and predicted a return to double-digit growth in the fourth quarter.
