SGB Update Sports & Fitness
NRF: Consumers Remain ‘Willing to Spend’ Despite Considerable Economic Headwinds
While the growth rate of consumer spending has begun to ease, owing to slower job and wage gains, higher interest and tighter credit, “consumers clearly remain willing to spend.”
Citi Trends Narrows Q1 Net Loss, Tempers Comps Outlook for Year as New CEO Takes Reins
Net loss per share was 42 cents, or a loss of 32 cents per share as adjusted, compared to a loss of 81 cents, or 66 cents as adjusted in Q1 2023.
Skechers Rings In 25th Anniversary with the NYSE and an All-Time High
Skechers, founded in 1992, celebrated its 25th year as a public company by ringing the New York Stock Exchange opening bell on June 3.
DSW Parent’s First Quarter Earnings Tank as Retail Side Looks to Restore Growth
First quarter net sales increased 0.6 percent year-over-year to $746.6 million. Total comparable sales decreased by 2.5 percent in the first quarter on top of a 10.4 percent decline in the year-ago Q1 period.
DSW Names Sarah Crockett Chief Marketing Officer
Prior, she was global CMO for Williamson-Dickie Mfg. Co., parent of the Dickies brand, and subsequently held the role of CMO at Backcountry.com and Burton Snowboards. She currently sits on the Board of Rumpl and Stance.
VF Names Caroline Brown as TNF Global Brand President; Re-Works Board
As a result of her appointment, Brown resigned as a member of the VF Board of Directors.She served as an independent director on the Board from February 2024 to May 2024.
Revo Expands Retail Footprint, Opens Pop-Up in Croatia
The pop-up store is in partnership with the Lekri wine shop, a local winery, pairing Revo’s fashion-forward eyewear with local wines in Dubrovnik, Croatia.
Brixton Hires Industry Veteran as SVP of U.S. Wholesale
Brian White was the SVP of Global Sales for Herschel Supply after being the VP of sales for Nixon and managing the agency he founded, including for brands Ride, Hurley, Globe, and DaKine.
Crunch Fitness Franchisee Adding Two More Texas Locations
Crunch Fitness is adding two additional locations in Texas, encoding a second gym already open in El Paso and a new location in Kyle, TX scheduled for fall 2024.
Summit Golf Brands Adds PGA Pro to Sales Team
Golf industry professional Garrett Malcolm was hired as an account executive to expand the company’s presence and distribution of its premium golf apparel brands within green grass facilities across Canada.
Citi Trends Shuffles CEO Role in Weekend Board Action
The retailer’s Board of Directors appointed Ken Seipel as interim CEO, effective June 2. In connection with his appointment, David Makuen stepped down as CEO and a board member.
Rally House Rolls Out Three New Store Openings in Key Markets
Rally House the family-owned specialty retailer that offers apparel, hats, gifts, and home decor representing local NCAA, NFL, MLB, NBA, NHL, and MLS, opened stores in Philadelphia, Indiana and Chicago.
Nordstrom Promotes Alexis DePree to Chief Operating Officer
DePree will continue to support supply chain operations, transportation, inventory operations, enterprise operations, and store operations, but now with an expanded title that better reflects the breadth of these teams’ work.
Report: U.S. Sporting Goods Growth Continues Solid Post Pandemic Growth
The growth last year coincides with a year in which the market saw the lowest number of total inactive Americans (64.9 million people) since SFIA began tracking the metric.
Genesco, Inc. Sees Journeys Slide Continue in Q1 as Schuh and J&M Turn Negative
The parent of Journeys, Schuh and Johnston & Murphy, reported net sales for the first quarter of Fiscal 2025 amounted to $458 million, a 5 percent year-over-year decrease compared to $483 million in the first quarter of Fiscal 2024.
