Under Armour Issues Tepid FY Outlook as Company Resets Weak U.S. Business
The company reported fiscal 2024 Q4 net revenue was down 5 percent year-over-year to $1.3 billion for the three-month period ended March 31, 2024, while reported EPS shrank to to 2 cents a diluted share in Q4 from 38 cents in the prior-year Q4 period.
HanesBrands and TCU Extend Long-Term Apparel Partnership
HBI secured a five-year extension of its current partnership with Texas Christian University, renewing the exclusive rights to manufacture and distribute Horned Frog fanwear in the mass retail channel.
Canada Goose Beats Fiscal Q4 Expectations But Warns on More Wholesale Declines Ahead
The company reported better-than-expected results for fiscal Q4 but also removed all long-term 2028 financial targets and is targeting an additional 20 percent decline in wholesale revenue in the fiscal 2025 period after it declined 19 percent this past year.
MEC to Open New Store in Ontario, Canada
MEC, the Canadian outdoor retailer, reported it will open a freestanding store in Whitby, Ontario, in July 2024, its seventh standalone store in Ontario and 23rd standalone in Canada.
U.S. Sporting Goods Segment Retail Sales Decline in April as Market Grows 3.9 Percent
Sporting Goods, Hobby, Musical Instrument, Bookstore sales were reported down 4.7 percent YoY from April 2023 and down 0.9 percent versus March 2024. Clothing and Clothing Accessories Stores sales were up 2.7 percent YoY.
Vision Fitness Launches Commercial Line, Appoints GM
A Johnson Health Tech brand, launch a full commercial line of strength equipment designed for value-conscious health clubs, hotels, and other vertical channels. Chris Torggler was named general manager of the U.S. Vision Commercial Group.
Aloha Collection Opens Malibu Store Location
The female-founded original splash-proof lifestyle brand operates four other stores in Newport Beach, CA; Encinitas, CA; Whalers Village, Maui, HI; and Waikiki, Honolulu, HI.
Puma Appoints Bas van den Bemt as Managing Director Central Europe
Bas van den Bemt is Puma’s new managing director for central Europe, starting July 1, overseeing business in the Dach and Benelux regions. He replaces Nina Graf-Vlachy, who decided to pursue opportunities outside the company. Lucynda Davies will take over Van den Bemt’s role as managing director of Puma UK and Ireland.
REI and PeopleForBikes Assess Active Transportation Participation in New Study
The majority of survey respondents, 68 percent, said their frequency of bike trips would increase if dedicated infrastructures were present. In comparison, 62 percent expressed that finding safe infrastructure for active transportation in their respective cities was hard.
Mytheresa Gets U.S. Lift to Posts Strong Fiscal Q3 Growth
The company’s U.S. business continues to be a growth driver with the highest regional growth, increased share of total business and record number of top customers in the third quarter fiscal year 2024.
Boulder Boatworks’ Co-Owner & Sales Director Departs for Sales Rep Role
Shaun Hargrave is relocating to Missoula, MT and will be transitioning into a sales rep role in the Northern Rockies, covering Montana, Idaho, and Wyoming.
Tractor Supply Opens Largest Distribution Center in Arkansas
Facility brings 500 full-time jobs to local residents and represents an investment of more than $175 million in the region
Canada Goose Hires First Creative Director; Launches of Exclusive Style for PBI
Canada Goose’s appointment of Haider Ackermann comes with the launch of its limited-edition sweatshirt, PBI Hoodie, with 100 percent of the proceeds going to Polar Bears International. The launch campaign also celebrates actress and activist Jane Fonda, “the ideal protagonist for this important story.”
Wild Rye Adds to Marketing and Product Teams to Support Growth
The outdoor and active lifestyle apparel brand made four new additions to the brand’s team: a marketing director, a product development associate, an e-commerce and digital merchandising manager, and a customer experience and events coordinator.
Boot Barn Ends the Year with 400 Doors, with Q4 Comps Falling in Mid Singles
An 8.7 percent decrease in net sales was said to be the result of the decrease in consolidated same-store sales and the impact of a 13-week quarter when compared to a 14-week quarter in the prior-year Q4 period, partially offset by the incremental sales from new stores opened over the past twelve months.
