Adidas Revamps Portland Headquarters
Adidas unveiled its upgraded and expanded Adidas North America HQ in Portland, OR. Since the start of the project in 2018, nearly 220,000 square feet has been added, including three new buildings, a new gym, new cafes, additional parking and a sustainable soccer pitch.
Golf Rounds Played Decline 13 Percent In April
Golf Datatech’s National Rounds Played Report for April shows that U.S. rounds were down 12.9 percent in the month and off 9.8 percent year-to-date year-over-year.
Alterra Mountain Company Announces CEO Transition
Alterra Mountain Company announced that Jared Smith, company president, will be promoted to CEO effective August 1, 2022. At that time, Rusty Gregory, the current CEO, will step back from day-to-day operations to become its board vice-chairman.
Omorpho Closes $6 Million Investment
Omorpho, the micro-weighted Gravity Sportswear collection, closed a $6 million seed funding round at a $26 million valuation. The investment was led by KB Partners with participation from Greenchain Capital and Madison Square Garden Sports Corp. (MSG Sports).
Streamlight Announces Key Sales And Marketing Promotions
Streamlight, known for its flashlights and other lighting tools, announced three key sales and marketing appointments.
Dead Air Silencers Announces Leadership Changes
Dead Air Silencers announced the promotions of three of its executives into new roles with the company.
Dick’s SG Lowers FY Guidance Despite Q1 Beat
Dick’s Sporting Goods reported earnings and sales in the first quarter topped Wall Street expectations but reduced its guidance for the year due to “macroeconomic” challenges.
Urban Outfitters Q1 Sales Climb 13 Percent
Urban Outfitters, Inc. announced a net income of $32 million, or 33 cents a share, in the first quarter ended April 30, 2022, down 40.2 percent from $53.5 million, or 54 cents, a year ago. Sales increased 13.4 percent over the same period last year to a record $1.05 billion.
Nordstrom Delivers 19 Percent Growth In First Quarter
Nordstrom reported sales in the first quarter grew 18.7 percent with sales ahead 23.5 percent for the Nordstrom banner and 10.3 percent for Nordstrom Rack. Core categories including men’s and women’s apparel, shoes and designer had the strongest growth as consumers updated wardrobes for the return of social events, travel and return to office.
Caleres Lifts 2022 Outlook As Momentum Continues In Q1
Caleres, Inc. raised its 2022 sales and earnings per share guidance after delivering its strongest first-quarter performance for sales, gross profit margins and earnings. Famous Footwear’s sales were down 3.4 percent, but the off-price chain achieved another quarter of strong gross profit margin.
Sportsman’s Warehouse To Open Store In Wyoming
Sportsman’s Warehouse Holdings, Inc. is scheduled to open a store in Riverton, WY this month.
Grassroots Outdoor Alliance Appoints President
Grassroots Outdoor Alliance has hired Gabe Maier as president. Maier has worked with the GOA for six years, including two years as a business analyst and four years as vice president). Most recently, he was the director of business development for BrandKeep.
Evnroll Moves To Expanded Corporate Offices
To support global growth, putter manufacturer Evnroll has moved its headquarters to Aston Avenue in Carlsbad, CA.
Moody’s Outlook For U.S. Retail And Apparel Industry Cut To Negative
Moody’s Investors Service has lowered its outlook from stable to negative for the US retail and apparel industry. The rating agency said inflation, geopolitical risks, supply chain challenges and falling demand point to broad profit declines, and operating margins will erode across every subsector.
Stitch Fix Appoints Chief Marketing Officer
Stitch Fix, Inc. announced Debbie Rose Woloshin is joining the company as chief marketing officer. Woloshin was previously the chief marketing officer at Marc Jacobs.
