Daily News Feed 04/11/2025 Retailers Plan Steady Store Opening Pace This Year
Industry retailers plan to grow their aggregate footprint by 2.4% in 2025, exactly the same as last year, despite continued macro pressures on consumers and the unstable trade environment.
Net income at the Japanese retailer was down 50% to ¥44 million ($0.3 mm) in the fiscal first half ended Feb. 28 from ¥44 million last year, on 2% lower revenues of ¥28,576 million ($188.7 mm) down from ¥28,059 million. Caleres Downgraded by S&P Global
The ratings agency downgraded CAL’s issuer credit rating to BB- from BB due to the retailer facing margin pressures and outstanding debt reaching $220 million in FY 24, resulting in adjusted leverage growing to 2.2x.
04/10/2025 Topgolf Callaway Offloads Jack Wolfskin to Anta Sports
After six years under Callaway’s stewardship, the Germany-based outdoor brand Jack Wolfskin is heading east to Anta Sports as the two companies announced an acquisition deal expected to close in late Q2/early Q3. Yue Yuen Sees Footwear Up, Retail Down in March
Yue Yuen’s footwear manufacturing revenue ticked up 4% in Mar. to an implied $461.5 million from $445.0 million, but total revenues at the Chinese footwear maker and retailer declined 1% to $657,747,000 last month. Anta Sports’ Retail Sales Improved in Q1
Retail sales of core branded Anta products increased high-single digits in the first quarter, including owned and franchisee brick-and-mortar as well as e-commerce, maintaining their momentum from Q4. Rep Fitness Sees International Sales Fueling 2025 Growth
Revenues at the CO-based strength equipment brand topped $130 million last year, and Rep is aiming to grow the top line another 50% in 2025. Patagonia Sues over Counterfeit Apparel
The outdoor brand filed suit in S. NY district court against Quarter Industries, its owner Rob Katz, and Riverbend for infringing on Patagonia’s multi-colored P6 logo and word marks.
04/09/2025 JD Sports Tallies $6 Billion in Pro Forma North American Sales
Releasing some financial details before it officially reports next month, JD Sports confirmed that it would hit guidance for £915 to £935 million in adjusted profit before tax for the year ended Feb. 1, in which organic revenues increased 5.8%, and comps inched up 0.3%. More Tariff Chaos Roils Markets
Today, the Trump administration abruptly paused the nonsensical “reciprocal” tariffs it imposed last week on nearly every country in the world, reverting to the 10% base tariff on all trading partners that it announced in Feb. Teen Survey Sees Upstarts Gaining Mindshare
Athletic apparel is trending downward after strong demand in recent years while smaller brands continue to chip away at Nike’s leading mindshare in footwear and apparel, according to the Spring 2025 Taking Stock with Teens survey from Piper Sandler. Retail Imports Forecast Slashed Due to Tariffs
Cargo imports at major container ports are set to pull back sharply beginning in May as importers fear massive tariff hits, according to the NRF and Hackett Associates’ Global Port Tracker report. The Athlete’s Foot Names New Global CEO
The 450-door specialty footwear and lifestyle chain promoted its president and general manager of the Americas, Matt Lafone, to global Czar.
PTON tapped 25-year technology industry veteran Charles Kirol to the newly created role of COO, effective Apr. 14, reporting to president and CEO Peter Stern.
The Japanese sportswear brand’s shareholders approved the establishment of a foundation at its general meeting held on Mar. 28. Etcetera: Fleet Feet, Skechers, Puma, On Running
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