Daily News Feed 05/30/2025 Race Against Tariffs Pushes Q1 Imports Higher
Industry imports of athletic footwear, apparel, and equipment increased 9% year-over-year in the first quarter, slowing a bit in momentum from Q4’s 15% jump, but a strong result as brands and retailers pulled orders forward to land them before the Trump Administration’s tariffs took effect. Shoe Carnival Leans-In to Shoe Station Rebanner
Net income dropped 46% to $9,343,000 in the first quarter from $17,286,000 on sales that were down 8% to $277,715,000 from $300,365,000, with the bottom line hit by the planned investment to re-banner stores as Shoe Station, and inventory ramp up. Cole Haan Partners with Catapult for Performance Apparel
The footwear, accessories, and lifestyle brand inked an exclusive agreement with Boulder, CO-based Catapult Group to introduce a new performance apparel division. Solo Brands Plans Reverse Stock Split
The Solo Stove and Chubbies parent’s board of directors approved a reverse stock split of between 1-for-10 and 1-for-100 as it aims to address operational and governance challenges.
SKX, along with Robert and Michael Greenberg, were hit with a suit in CA district court by the Key West Police Officers & Firefighters Retirement plan, accusing the defendants of violating federal securities law. Etcetera: V.F. Corp., Yue Yuen, Fanatics, Molly’s Place, Iron Valley Supply, On
05/29/2025 Foot Locker Sales Dip on European Weakness
Following the announcement of Dick’s Sporting Goods’ offer for the company, Big Foot did not provide the usual color in announcing Q1 results, reporting a net loss of $363 million that included $237 million of impairments and a $124 million tax valuation allowance write-off, both on an after-tax basis. Caleres Takes Q1 Hit from Tariff Moves
Net income attributable to Caleres, Inc. was down 78% to $6,943,000 from $30,939,000 for the first quarter on 7% lower sales of $614,221,000 against $659,198,000 as compressed margins and higher reserves hit the bottom line, along with inventory moves to counter tariffs. Kohl’s to Emphasize Private Brands Under New CEO
KSS' interim chief, board chair, and veteran retail leader, Michael Bender, did not have much to say on its Q1 earnings call about the struggling retailer’s activewear brands, instead talking up its private label apparel business. Athleta Sales Drop Again in Q1
Revenues at Gap, Inc.’s women’s athletic apparel banner fell 6% to $308 million in the first quarter from $329 million a year ago, and comp store sales tumbled 8%. Amer Sports Files $1.3 Billion Secondary Offering
AS filed for a secondary offering of 35 million of its shares by entities affiliated with FountainVest Partners at a price of $37.20 per share. Birkenstock Announces L Catterton Share Sale
The footbed sandal maker will see BK LC Lux MidCo S.à r.l., an entity affiliated with L Catterton, sell 17,927,344 shares of its common stock for $52.50 per share, in a transaction expected to close May 30. Etcetera: Nike, SIA, Sqairz, Champion, REI, Jetty, Sportiqe
05/28/2025 Dick’s Touts Foot Locker Deal, Maintains FY Guidance
Net income for the first quarter slipped by 4% to $264,288,000 from $275,295,000, pulled down by a higher income tax rate this year, on 5% revenue growth to $3,174,677,000 up from $3,018,383,000, including a +4.5% comp. WFSGI Report Warns of Global Inactivity Impact
The industry must stand as a bulwark against a potential $300 billion-plus economic headwind from physical inactivity, according to the World Federation of Sporting Goods Industry’s inaugural Physical Activity Impact Report: Moving the World Towards an Active Future. Golden Goose Sales Up Double Digits in Q1
The luxury sneaker brand’s revenue grew 12% in the first quarter to €164.5 million ($173.2 mm), driven by direct-to-consumer, which was up 19% year-over-year, with gains in the Americas (+13%), EMEA (+30%) and APAC (+9%). Outdoor Holding Company Elevates Urvan to CEO
Having sold off its ammunition manufacturing business to Winchester to refocus on its GunBroker online firearms marketplace, the former Ammo, Inc. named Steve Urvan as its new chairman and CEO. CardiacSense Refiles Garmin Suit
CardiacSense refilled its patent suit against GRMN in MI district court, alleging the defendant is infringing on its patent no. 7,980,998, which relates to a device and method for monitoring training. GT Golf Supply Buys Clicgear Golf Pushcarts
The wholesale golf accessories distributor has acquired global rights to Clicgear and all intellectual property for the brand from Clicgear Industrial Design Ltd.
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