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As DTC Business Wanes, Solo Brands Taps New President and CEO

Retail TouchPoints

Steep Marketing Spend, without Results News of Merris’s departure came as Solo Brands lowered its financial guidance for the 2023 fiscal year: revenue is now expected to be between $490 million and $500 million , which is a modest drop from the company’s previous guidance of between $520 million and $540 million.

Outdoor 279
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POST COVID-19 Outlook on Sporting Goods Industry & Market Trends: The Good, The Bad and The Greatest Opportunities Ahead

RETAIL MANAGEMENT SOFTWARE

Over the next five years towards 2025 , according to IBISWorld’s analysts’ early forecasts the sports participation was expected to spur the pent-up demand for Sporting Goods and supplies. First what do we know about the sporting goods industry and who are the main players? Industry Definition and Categories.

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Nike to Double Down on DTC Following Q3 Gains, Plans Standalone Jordan Stores

Retail TouchPoints

The brand’s overall digital sales also increased 19% globally, while wholesale revenues were down by 1%. A big piece of Nike’s direct offensive has been a shift away from wholesale and toward DTC. Wholesale Will Still Play a ‘Very Important Role’. Revenues were up 5% YoY in the company’s fiscal Q3, which ended Feb.

Planning 271
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Growth potential is not enough: Why Amer Sports’ IPO fell short

Inside Retail

The company sold 105 million shares for US$13 instead of the US$16-18 it originally floated, putting Amer Sports’ valuation at over US$6 billion. The sporting goods conglomerate has a unique proposition with its broad portfolio of 11 brands that include Wilson Sporting Goods, Salomon and Arc’teryx.

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Wilson Looks to Build Home Court Advantage with Move into Brick-and-Mortar

Retail TouchPoints

Wholesale will remain a foundation of the Wilson business. “We We have no intention of doing anything other than growing with [our wholesale partners],” said Devin, but this year the company also debuted its first-ever permanent brick-and-mortar store. At Wilson, we believe sport makes better people.

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Adidas Shifts to DTC-First Model, Plans to Double Ecommerce Sales by 2025

Retail TouchPoints

At the same time Adidas reported currency-neutral sales growth of 1% in Q4 2020, following declines across markets earlier in the year as a result of the pandemic. Nonetheless, Adidas is optimistic, citing the recovery seen in Q4 2020, its strong market position and attractive growth prospects for the sporting goods industry as a whole.

Planning 195
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Q2 2021 Roundup: How Target, Macy’s and Foot Locker Harnessed Consumer Optimism

Retail TouchPoints

O’Shea pointed to two other other retailers that have leveraged their large store bases into convenient ecommerce destinations: DICK’S Sporting Goods and BJ’s Wholesale Club. Both of these retailers also posted strong Q2 results: Dick’s posted 19.2% However, Macy’s still has to work on its core store experience.

Consumer 321