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January 14, 2025


New Balance’s Sales Expand 20% in 2024, On Pathway to $10B Goal

New Balance Athletics’ sales grew 20% in 2024, to $7.8 billion, marking the fourth consecutive year of at least 20% growth, CEO Joe Preston said at the National Retail Federation conference in New York City.

JD Sports Cuts PBT Guidance after Holiday Results

The British parent of Finish Line, DTLR Villa, Shoe Palace, and, most recently, Hibbett reported that positive full-price selling in December was unable to overcome softer November comps.

Big 5 Sporting Goods Hit by Weather in Q4

In a pre-release of final quarter results, BGFV said that sales fell 7% to $181.6 million from $196.3 million, largely due to weak winter products sales due to minimal snowfall and warmer-than-normal weather conditions.

Himaraya Sees Profit Sink in FQ1

Net income at the Japanese retailer swung to a loss of ¥257 million ($1.7 mm) in the fiscal first quarter ended Nov. 30, from a profit of ¥52 million last year on revenues that ticked down 2% to ¥13,260 million ($88.9 mm) from ¥13,497 million, driven by the prolonged depreciation of the yen and frugal consumer spending.

361 Degrees Ends the Year on Solid Note

The Chinese sportswear brand said that overall retail sales of 361º core branded products in the final quarter were up approximately 10%, while its 361º Kids brand improved about 10% to 15%.

Bass Pro Parent Extends Debt Maturities

Great Outdoors Group's "amend-and-extend" term loan will extend the maturity of up to $4.515 billion of its first-lien senior secured term loan until 2032, and of its $1.2 billion ABL facility by five years to 2030 from 2026, S&P Global reported.

Foot Locker Downgraded by Moody’s

Big Foot’s corporate family rating and probability of default rating were cut to Ba3 from Ba2, while its senior unsecured notes were lowered to B1 from Ba3.

Etcetera: Foot Locker, United Wheels, Nanuk, Otis, Cobra Puma Golf, L.L. Bean, Mountain Hardwear

 
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