The publicly traded United Kingdom-based retailer JD Sports Fashion, which acquired Finish Line’s 563 stores and 188 associated shops inside Macy’s locations in March 2018, reported annual results last week that showed the U.S. operation posted an operating profit of approximately $35.5 million and revenues of $1,289 million for 33 weeks of ownership last year. (Read More)
While overall U.S. retail sales rose 0.8 percent unadjusted year-over-year in March, according to monthly data release by the U.S. Dept. of Commerce last week, sporting goods store sales were down 10.8 percent year-over-year and 0.3 percent from February on a seasonally adjusted basis. (Read More)
Coming off a Q1 where its U.S. business declined 6.3 percent, dragged down by a 10.9 percent drop in wholesale revenues, Skechers’ senior executives forecast mid-teen and mid-single digit topline growth respectively for its international and Direct-To-Consumer segments in Q2 and in FY19. (Read More)
On-course participation, while not at pre-2008 levels, has stabilized as the number of golf newcomers surpassed the two-million-mark for a fifth consecutive year in 2018. (Read More)
Denver-based Boa is launching its first consumer campaign, DIALED IN, and a new digital web-based platform at BoaFit.com in an effort to inspire consumers to get “dialed in” and better connected to the brand’s performance products. (Read More)
Darn Tough Vermont is recognized by Vermont Business Magazine as a recipient of a 2019 Best of Business award. The Northfield, VT sock company was chosen by the local business community and VBM readers as this year’s “Best Vermont Made Product.” (Read More)