SGB Update Sports & Fitness
Nike Apparel To Return To Macy’s
On its first-quarter analyst call, Macy’s confirmed that Nike apparel would return to its selling floors. Nike ended distribution to the department store in 2021.
Tilly’s Inc. Sees Better May Results After Q1 Loss And 17.5 Percent Comp Decline
Tilly’s, Inc. reported total net sales for the fiscal first quarter ended April 29 were $123.6 million, a decrease of 15.2 percent from Q2 last year. Comp store sales improved sequentially through May, declining 11.5 percent.
Lululemon Hikes Outlook As Q1 Blows Past Guidance
Lululemon Athletica, Inc., bucking a recent trend toward guidance cuts for most retailers, raised its outlook for the year after reporting first-quarter results that topped expectations.
The Buckle Posts 6.4 Percent Comp Sales Decline In May
The Buckle, Inc. posted a 6.4 percent comparable store net sales decline in May. Net sales for the 4-week fiscal month ended May 27 decreased 5.3 percent to $89.3 million from net sales of $94.3 million for the prior-year 4-week comparable period.
Under Armour Founder Sells $100 Million Stake To Merchant Bank Affiliate
Under Armour, Inc. reported that company Founder, Executive Chair and Brand Chief Kevin Plank slightly reduced his stake in the company, selling shares valued at approximately $100 million to funds managed by BDT Capital Partners. Plank said the sale is related to personal financing commitments.
Nordstrom Posts Q1 Loss On Double-Digit Sales Declines Across Stores And Digital
Nordstrom, Inc. reported total company net sales decreased 11.6 percent to $3.06 billion in the fiscal first quarter ended April 29. Digital sales decreased 17.4 percent. Nordstrom reported a first quarter net loss of $205 million, or a loss per diluted share of $1.27.
Martha Headwear Hires Sales and Marketing Manager; Looks To Europe For 2024
Martha Headwear has hired Martin Sundblad, a former executive at Reef and Fallen, as its sales and marketing manager. The company’s sales reps operate in NorCal, Central California, SoCal, the Rockies, Puerto Rico, Texas, the Mid-Atlantic, and Florida.
CR Fitness Holdings Set To Open Two New Crunch Locations This Summer
Crunch Franchisee, CR Fitness Holdings, reported it plans to open its newest location outside of Charlotte in Matthews, NC, this summer, along with Crunch Winter Garden, its sixth location to open in the Orlando metropolitan area.
Rally House Adding Two New Ohio Locations
Rally House announced it is expanding its store presence in Ohio with two new locations in the Cleveland and Columbus markets.
Lids Opens Paris Saint-Germain Store In Miami
France’s football club Paris Saint-Germain (PSG) opened a new permanent storefront in Miami, FL, run and operated by Lids.
Life Time Opens First Club In Oregon
Life Time reported it opened its first Oregon location in Beaverton. The 190,000-square-foot, three-story Life Time Beaverton athletic country club expands the company’s geographic footprint to 30 states and 42 major markets in the U.S.
True Spec Golf Opens Third North Carolina Location
True Spec Golf partnered with Intown Golf Club to open True Spec Charlotte, its third custom club fitting and building in North Carolina.
Wolverine Worldwide Names Company President, New Leaders For Merrell And Saucony
Wolverine World Wide, Inc. named Chris Hufnagel as company president, promoted Janice Tennant to Merrell’s global brand president and named Rob Griffiths as global brand president of Saucony.
Gnarly Nutrition Hires Head Of Marketing
Gnarly Nutrition recently hired John Perry to head up its Marketing department. Perry brings over two decades of strategic and creative marketing experience to the role, including working at Creminelli and Backcountry.
Nike Names New Converse CEO
Nike, Inc. named Jared Carver as the new CEO of Converse. He succeeds Scott Uzzell, who transitioned last week to a new role as VP/GM of North America for Nike as part of the company’s recently announced leadership changes.
