Skechers To Become Pickleball Sponsor
Intersport and the Association of Pickleball Professionals (APP) Tour, USA Pickleball and Major League Pickleball (MLP) have entered into multi-year agreements that makes Skechers the Official Footwear Company of each pickleball organization.
Hibbett Reiterates FY Guidance After Challenging First Quarter
Hibbett Inc., as expected, reported first-quarter results well below year-ago levels that were also just short of Wall Street’s consensus targets. Hibbett said results were in line with internal plans while reiterating full-year guidance. Comps were down 18.9 percent year over year but ahead 22.9 percent against the pre-pandemic first quarter of 2019.
Amazon Style Opens In Los Angeles
Last January, Amazon announced it planned to open physical retail stores. On Wednesday, May 25, the retailer opened its first store, Amazon Style, in the Glendale area of Los Angeles.
BikeExchange CEO Resigns
BikeExchange Limited, based in Melbourne, Australia, said Mark Watkin has resigned as global CEO of BikeExchange, effective immediately.
Gap Slashes Outlook On Old Navy Challenges
Gap, Inc. significantly reduced its earnings guidance for the year due to ongoing challenges at Old Navy as well as broader macroeconomic pressures. In the first quarter ended April 30, same-store sales tumbled 22 percent at Old Navy while also sliding 11 percent at the Gap chain and 7 percent at Athleta.
Peak Ski Appoints Chief Marketing Officer
Peak Ski Company, based in Bozeman, MT, announced that Tracy Chang has accepted the position as chief marketing officer.
Fischer Appoints New England Territory Rep For Fischer, UVEX And OneWay
Fischer announced that Jeff Moody is returning to his role as a brand representative for the New England territory for winter 2022/23.
The Buckle Q1 Profits Show Slight Decline
Buckle, Inc. announced that net income for the fiscal quarter ended April 30, 2022 was $55.3 million, or $1.12 per share, slightly down from $57.3 million, or $1.16, for the first quarter of fiscal 2021.
ETS Group Appoints National Sales Manager
Elite Tactical Systems (ETS) Group, the maker of polymer magazines and speedloaders, hired Wylie Smith as national sales manager.
Burlington Stores Q1 Sales Arrive Below Plan
Burlington Stores, Inc. reported same-store sales decreased 18 percent for the first quarter ended April 30, missing expectations.
Gymshark Sees 54 Percent Hike In Revenue In Fiscal 2021
Gymshark, the UK-based activewear brand, reported a 54 percent increase in revenue in its fiscal year ending July 31, 2021, according to accounts filed to the UK’s Companies House.
Frasers Group Sells Bobs And Eastern Mountain Sports To GDMG
Frasers Group offloaded its U.S. retail businesses trading under the banners Bob’s Stores and Eastern Mountain Sports for $70 million in cash to GoDigital Media Group (GDMG).
Macy’s Lifts Earnings Outlook After Strong Quarterly Report
Macy’s Inc raised its annual profit forecast after reporting earnings and sales topped Wall Street estimates in the first quarter.
Callaway Golf Announces $100 Million Stock Repurchase Program
Callaway Golf Company announced that its Board of Directors has authorized the company to repurchase up to $100 million of the company’s common stock in the open market or in private transactions.
Genesco Tops EPS Expectations In First Quarter
Genesco, Inc., the parent of Journeys, reaffirmed its guidance for the year after reporting that first-quarter earnings surpassed Wall Street estimates.
