The Pickle Pad to Open Three Nationwide Locations
The indoor pickleball brand, based in Tallahassee, FL, plans to open three new venues in the third quarter located in Myrtle Beach, SC; St. George, UT; and Newport News, VA.
Survey: 84 Percent of U.S. Consumers Plan to Shop Amazon Prime Day in 2025
A consumer survey from RetailMeNot found that 84 percent of U.S. adults plan to participate in Prime Day this year, up from 81 percent in 2024. That number rises to 92 percent among those aged 45 to 60, while 88 percent of Millennials plan on shopping during the sales event.
VF Corp’s Debt Ratings Downgraded by Moody’s on Vans’ Turnaround Challenges
Moody’s downgraded V.F. Corp due to its need for significant continued operational initiatives to support the turnaround of its Vans business to profitable growth.
Skechers’ New Secured Notes Offering Earns BB- Rating from S&P
S&P Global Ratings assigned a ‘BB-’ issue-level rating to Skechers’ proposed $2.1 billion term loan B due in 2032 and $1.8 billion of senior secured notes due in 2032 that’s supporting its acquisition by 3G Capital.
Perfect Moment Prelim Fiscal Q4 Results Show Small Sales Increase
Revenue for the full year declined 12 percent, reportedly due in part to one of the company’s largest wholesale customers, Matches Fashion, filing for bankruptcy. Alongside increased investment in leadership, infrastructure, and brand positioning, this had an adverse impact on operating results.
Authentic Secures Sperry Brand Distributor for UK and Ireland
Authentic Brands Group has established a new partnership with Gardiner Bros for the Sperry brand across the UK and Ireland. Gardiners is reportedly one of the UK’s leading distributors of global footwear and apparel brands and will serve as the official distributor for the footwear brand, catering to both men and women.
Authentic Brands Group Appoints Global Head, Marketplaces
Tim Derner, formerly of Amazon, was appointed global head of Marketplaces, effective June 2. Derner worked at Amazon for over a decade, most recently as director of Amazon Fashion and Luxury Stores.
Xponential Fitness, Inc. Appoints New Member to Board of Directors
Lily Yang has been appointed to the company’s Board of Directors effective June 16, 2025. Yang will also serve as chair of the Audit Committee. She has nearly 30 years of experience working in diverse organizations across technology, healthcare and other high-growth industries.
May Retail Sales Grow 3.0 Percent Year-Over-Year; SG Sector Grows 1.8 Percent
Total sales for the March 2025 through May 2025 period were up 4.5 percent (±0.4 percent) y/y. The March 2025 to April 2025 percent change was revised from up 0.1 percent (±0.5 percent) to down 0.1 percent (±0.2 percent).
Dôen Secures Equity Investment
The company currently operates seven brick-and-mortar stores, including recent openings in Marin, CA and Nantucket, MA. Retail sales, in aggregate, are reported to have “grown 80 percent year-over-year, while comp store sales are up 46 percent, with 65 percent growth at its Bleecker Street store in New York City.”
Vince Holding Posts Mixed Results in First Quarter as DTC Declines
Wholesale segment sales increased 0.1 percent to $30.3 million compared to the first quarter of fiscal 2024, and direct-to-consumer segment sales decreased 4.4 percent to $27.6 million compared to the first quarter of fiscal 2024.
Study Highlights Opportunities for Brands Supporting Women’s Sports
A new study by women’s sports agency Parity finds that 68 percent of U.S. sports fans trust that female athletes believe in the products they are promoting. Of the respondents, 43 percent of female sports fans and 67 percent of those who frequently watch female sports said that a brand’s partnership with a female athlete makes them more likely to make a purchase.
Decathlon Opens First Running-Dedicated Store in France
Decathlon Running, approximately 1,700 square feet, sells Decathlon’s private-label brands, including Kiprun and Kalenji, as well as Hoka, Brooks, Asics, Saucony, Mizuno, and Salomon, in Bordeaux, France.
Hodgdon Powder Company Co-Founder JB Hodgdon Passes Away
With his brother Bob, JB Hodgdon continued the legacy of Hodgdon Powder Company started by his father and grew the company into the preeminent supplier of gunpowder and black powder substitutes for handloading and muzzleloading enthusiasts.
Amazon Extends Prime Day to Four Days
Amazon’s annual Prime Day sales event is scheduled for July 8-11, expanding to four days from two days compared to last year. The first Prime Day event began in 2015 with the goal of increasing Prime membership.
