The U.K.-based retailer, which will greatly increase its North American footprint when the $1.08 billion acquisition of Hibbett, Inc. is completed sometime in H2, increased its revenues on the continent by 8% to £3,413.5 million ($4,340.4mm) in the fiscal year ended Feb. 3 from £3,150.1 million prior.

The red ink deepened in Q1 at Journeys’ parent company to a loss of $24,347,000 from $18,890,000 a year ago, on 5% lower revenues of $457,597,000 down from $483,332,000, with every banner reporting a decline.

Continued stickiness in participation is helping hold off macro clouds as the industry posted another year of 4% growth in 2023, matching the prior year on top of 2021’s 16% spike, according to the SFIA’s 2024 State of the Industry report.

The ratings agency downgraded Under Dog’s issuer credit rating to BB- from BB on the company's $600 million senior unsecured notes, due to deteriorating margins from lower revenue and restructuring costs, resulting in gross leverage increasing to the 3.5x area in FY 25 from 2x in FY 24.

The industrial yarn and footwear component supplier announced a CEO succession plan, naming David Paja as group CEO, effective Oct. 1, succeeding Rajiv Sharma, who has decided to step down from the role after eight years.

Fromuth has inked an agreement to acquire the e-tailer for undisclosed terms as it expands into the tennis e-commerce space.