Month: December 2018

Strong Back-To-School Period Drives Zumiez Comps In Q3

December 6, 2018 SGB Update

Zumiez Inc. on Thursday reported total net sales for the third quarter ended November 3 (13 weeks) increased 1.2 percent to $248.8 million from $245.8 million in the quarter ended October 28, 2017 (13 weeks). Comparable sales for the 13 weeks ended November 3 increased 4.8 percent compared to a comparable sales increase of 7.9 percent for the 13 weeks ended October 28, 2017.

Lululemon Athletica Shares Dip Despite Q3 Beat

December 6, 2018 SGB Update

Shares of Lululemon Athletica Inc. fell around 5 percent in after-hours trading Thursday after the company reported adjusted diluted earnings per share for the third quarter of 75 cents, up from 56 cents for the third quarter of fiscal 2017 and ahead of Wall Street targets by 6 cents. A weak outlook for the fourth quarter took a toll on the company’s stock, which had closed the day down $2.18, or 1.6 percent.

Fischer Restructures U.S. Organization

December 6, 2018 SGB Update

Fischer Sports GmbH, one of the world’s largest ski manufacturers, announced a restructuring of the U.S. subsidiary based in Auburn, NH effective immediately. Fischer global CEO Franz Foettinger assumes oversight of the U.S. organization in the wake of the departure of former U.S. CEO, Ryan Leach.

Genesco Sees U.S. Footwear Business Offset Lids’ Struggles

December 6, 2018 SGB Executive

Boosted by a 9 percent comp gain at Journeys, Genesco Inc. reported its highest quarterly comparable sales increase in more than 2.5 years. Adjusted earnings easily topped Wall Street’s targets. Lids continues to face weak headwear trends and the sales exploration of the business is taking longer than anticipated.

 5.11 Opens Store In Indianapolis

December 6, 2018 SGB Update

Tactical apparel and gear brand 5.11 has opened a brick-and-mortar retail store in Indianapolis, IN, providing another building block to 5.11’s 2018 retail expansion goal of 50 company-owned retail stores.

Run Specialty Re-Finds Its Stride

December 6, 2018 SGB Executive

With a spurt of innovation, a healthy shake-out of stores, and a number of nimble adjustments to the changing retail landscape, run specialty is back in growth mode, according to participants at last week’s The Running Event in Austin.

G-III Shares Plummet As Apparel Manufacturers Suffer

December 6, 2018 SGB Executive

Shares of G-III Apparel Group Ltd. were down $5.84, or 14.3 percent, at market close Thursday amid a handful of other apparel manufacturers losing value after a mixed third quarter. But G-III was, in fact, one of the better performing apparel companies in the period. The company reported earnings for the third quarter ended October 31—its largest quarter of the year—rose 15.6 percent on a 4.7 percent revenue gain.

Shopko Closing 39 Stores

December 6, 2018 SGB Update

Shopko confirmed that plans to close 39 of its 363 stores by the end of February. Bloomberg reported that the Wisconsin-based retailer was making preparations for a bankruptcy filing.

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