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April 04, 2024


Academy Sports Sees 2024 Tailwinds from CRM, Election

Academy filled in some color on its unusually wide comp guidance for FY ’24 at the J.P. Morgan Retail Round Up, pointing to the 53rd week last year, inflationary pressures, the presidential election and compressed Holiday for the -4% to +1% range.

Beyond Yoga Grows 11% in Q1

Levi’s yoga brand was up 11% in the fiscal first quarter ended Feb. 25, lapping similar growth a year ago, driven largely by strength in e-commerce and store expansion.

Report: Gildan CEO Fired for Acquisition Plans

Bloomberg reported that the reason that Gildan CEO, Glenn Chamandy had been fired was because he proposed making major acquisitions after working with Boston Consulting Group, according to confidential documents it obtained.

VF Corp. to Launch over 300 Mono-Brand Stores in MENA and SEA

VFC will expand its retail footprint through a strategic partnership with retail conglomerate GMG, which currently operates 90 of its stores, to open more than 300 Vans, The North Face, and Timberland stores over the next five years in the Middle East, North Africa (MENA), and Southeast Asia (SEA).

Christy Sports Will Shutter New Mexico Stores

Christy’s six stores in the state will close at the end of the 23/24 winter ski season, including four Cottam’s, Alpine Xtreme and Bootdoctor’s stores in Taos Ski Valley, a Cottam’s in downtown Taos and a seasonal Cottam’s store in Santa Fe.

Coach Sues Gap over Trademark

Coach parent Tapestry filed suit in CA district court against Gap, Inc. for copying its “Coach” mark and stylized logos with GPS’ Old Navy brand.

CPSC: Crossbow Cocking Aids, Bike Seats

Excalibur Crossbow is recalling about 15,000 C2 Crank Cocking Aids because the crank hooks can break during use, causing plastic projectiles to fly off and hit users.

Etcetera: Protoconcept Golf, Leki, Dick’s, Selkirk Sport

 
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