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June 11, 2024


Academy Sports Slips in Q1 as Consumers Pull Back

Net income dropped 19% in the first quarter to $76,465,000 from $93,970,000 on revenues that inched down 1% to $1,364,220,000 from $1,383,609,000 as high-performing new stores partially offset a -5.7% comp.

Skechers Sees Runway in Team Sports, International

The growing breadth of team sports offerings is putting new sporting goods partners on the radar for Skechers’ wholesale channel, the company said at the Evercore ISI conference, as it ramps up soccer and basketball alongside the running, golf and pickleball portfolio.

Retail Imports Ramp-up in April

Retail import volumes at U.S. container ports were up 13% in April to 2.02 million twenty-foot equivalent units according the NRF and Hackett Associates’ Global Port Tracker, the biggest month since last Oct.

Yue Yuen Manufacturing Strong but Retail Struggles in May

YY’s manufacturing segment revenue was up 7% in May to an implied $503,842,000 from $473,038,000 last year, while total revenues inched down 2% at the Chinese footwear manufacturer and retailer to $717,416,000 for the month.

Golden Goose Prices IPO

The luxury sneaker brand set the price range at €9.50 to €10.50 per share for its initial public offering on the Euronext Milan stock exchange, aiming to begin trading on June 21.

Bob’s Stores and EMS Laying Off Staff

Beginning June 14, the two banners will lay off 148 workers, 145 from Bob’s parent SDI Stores and three more from Mountain Sports, LLC, all based in Meriden, CT, according to WARN notices filed with the state.

Cosmo Fabrics Names Nike Vet President

The maker of performance footwear textiles has appointed Mark Griffe as president and COO, effective Jul. 1.

R.G. Barry Acquired by Investment Firm

The lifestyle footwear maker has been acquired by Marubeni Growth Capital US for undisclosed terms. RGB plans to grow through targeted acquisitions and by investing in its Dearfoams, Baggallini, and Planet A brands.

Etcetera: Fanatics, Lotto, Patagonia, Under Armour, New Era, Mammut, Snow Peak

 
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