SGB Update Sports & Fitness
Citi Trends Posts Q1 Loss As Comps Fall 14.1 Percent
Citi Trends, Inc. reported fiscal first quarter sales decreased 13.7 percent to $179.7 million compared to the year-ago quarter, in line with guidance. Comparable store sales decreased 14.1 percent compared to Q1 2022.
Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
Dick’s Sporting Goods reported net sales for the fiscal first quarter rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent
Varsity Brands Hires Chief Supply Chain Officer
Varsity Brands hired Joe Raines as EVP, chief supply chain officer, effective immediately, across its three businesses—BSN Sports, Varsity Spirit and Herff Jones.
F45 Training Receives NYSE Notice Of Non-Compliance With $1 Share Price Rule
F45 Training Holdings, Inc. has received a notice from the New York Stock Exchange indicating that the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the company’s Common Stock was less than $1.00 over a consecutive 30 trading-day period.
Walmart Opens First Market Fulfillment Center In Arkansas Store
Walmart opened its first high-tech Market Fulfillment Center (MFC) in Arkansas at Store 100 in Bentonville, underlining the retailer’s strategic move to expand using its stores as fulfillment centers to enhance the shopping experience.
City Bikes Owner Charlie McCormick Passes Away
Charlie McCormick, founder and owner of City Bikes in Washington, D.C., died of natural causes on May 11 under the stars at a remote camping spot overlooking the Potomac River in Poolesville, MD.
Brooks Appoints New Senior VP Of Footwear
Brooks Running promoted Carson Caprara to senior vice president of Footwear. Caprara succeeds Patrick Pons De Vier, who left the company for personal reasons.
Kelly Slater Launches New Performance-Based Footwear Company
Eleven-Time World Surfing Champion and entrepreneur Kelly Slaterhas launched his new sustainable and performance-based footwear brand KLLY.
Farfetch Limited, New Home To Reebok In Europe, Posts Solid Q1 Revenue Growth
Farfetch Limited, the London-based global luxury fashion goods platform and new home for the Reebok brand in Europe and global collaborations, reported that first quarter revenue increased 8.1 percent year-over-year to $556.4 million.
Camping World Opens Branson, MO Supercenter
Camping World Holdings, Inc. announced the opening of its Branson, MO RV dealership, its 191st location.
Michelin Soles Expands In The U.S. With Vermont Office
JV International, a manufacturer of technical soles and the worldwide licensee of soles by Michelin, is expanding its North American presence with a new office opening in Wolcott, VT. JV North America will be headed by Glen McKibben as VP and general manager.
Adidas To Start Selling Yeezy Product At End Of May
Adidas reported it would start selling its stockpile of millions of unsold Yeezy sneakers later this month from its defunct partnership with rapper Kanye West. Proceeds from the sale will benefit Antiracism organizations.
Dunlop Sports Sees Revenue Outlook Reduced Despite Strong Q1 Growth
Sumitomo Rubber Industries, Ltd. Has reported that sales revenue in its Dunlop Sports business increased 19.5 percent to ¥35.5 billion ($267 million) in the first quarter. Business profit increased 37.2 percent to ¥5.5 billion ($41 million).
Lululemon Makes Minority Investment in Recycling Start-Up
Lululemon is making a minority investment in Australian start-up Samsara Eco, which uses plastic-eating enzymes to recycle apparel waste. As part of a multi-year partnership, Samsara Eco will work with Lululemon to create new recycled nylon 6.6 and polyester.
KMD Closes NZ$310 Million Debt Refinancing Tied To Sustainability
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, has successfully refinanced its existing debt facilities with NZ$310 million of syndicated sustainability-linked multi-currency revolving facilities.
