Moosejaw’s CEO Addresses Walmart Concerns In Open Letter
On Linkedin, Eoin Comerford, Moosejaw’s CEO, wrote an open letter to the outdoor industry asserting that the development of the Premium Outdoor Store on Walmart was done in the spirit of “inclusivity” and he’s “surprised by the vehemence of the attacks by some of our industry’s leading retailers and the threats to drop brands that participated.”
Journeys Powers Genesco Ahead In Q2
Driven by huge gains in revenues and profitability at Journeys, Genesco Inc. reported the company’s first positive store comp in eight quarters while posting a surprise profit in the second quarter. Said Bob Dennis, Genesco’s CEO, “Despite lapping positive comparisons when Journeys successfully emerged from the fashion shift a year ago.”
Aisle Talk Week Of September 3
Top headlines from the active lifestyle industry you may have missed this week, including the tragic death of Jason Hairston, the founder of the KUIU hunting apparel brand.
Zumiez Q2 Gets Boost From Vans
Zumiez delivered the company’s “strongest second quarter in several years,” according to Rick Brooks, CEO, with a big boost from Vans.
Augusta Sportswear Signs Paralympian As Newest Ambassador
Augusta Sportswear has signed Scott Winkler, a paralympian who has set records in the shot put, as a brand ambassador.
G-III Apparel Q2 Boosted By Donna Karen And Tommy Hilfiger
Driven by sales more than doubling for Donna Karan/DKNY and 60 percent growth for Tommy Hilfiger, G-III Apparel Group Ltd. reported second-quarter results that came out well ahead of guidance.
Champion Launches First-Ever ESports Partnership
Team Dignitas, the esports franchise of the Harris Blitzer Sports & Entertainment portfolio, announced a multi-year partnership with Champion Athleticwear, marking the brand’s first esports team and franchise partnership and foray into the esports ecosystem.
Zumiez Q2 Handily Beats Guidance
Zumiez Inc. reported earnings of $4.4 million, or 17 cents a share, rebounding from a loss of $0.6 million, or 2 cents, in the second quarter of the prior fiscal year. Earnings came in well ahead of company guidance calling earnings between 4 cents and 9 cents.
Amer Sports Puts Mavic Under Strategic Review
Amer Sports Corp. said the company has decided to place the Mavic cycling business under strategic review as part of an update on the company’s business strategy.
Duluth Trading’s Revenues Accelerate In Q2
Helped by a pickup in sales in the company’s direct business, Duluth Holdings Inc., the parent of Duluth Trading Company, reported sales grew 28.3 percent in the second quarter, accelerating from the 19.7 percent gain seen in the first quarter. Both earnings and sales topped Wall Street guidance although the apparel company maintained guidance for the year.
Tennis Industry Hears Challenges, Opportunities At TIA Tennis Forum
More than 350 tennis leaders, industry executives and tennis providers came together on the first day of play at the US Open for the 11th annual Tennis Industry Association (TIA) Tennis Forum, held at the Grand Hyatt New York.
ISA TanTec Participates In “Tannery 2030” Conference
ISA TanTec said the “Tannery 2030” conference took place in Shanghai, China last week. The Conference focused on the future direction of the leather industry, featured presentations from experts across the whole leather supply chain ranging from traders, tanners, chemical/machinery suppliers to representatives of brands and retailers.
Columbia Sportswear Hires Advertising Agency
Columbia Sportswear selected McCann Worldgroup as the company’s global agency of record for marketing services for the Columbia brand.
The Buckle’s Comps Dip In August
The Buckle Inc. reported that comparable store net sales, for stores open at least one year, for the 4-week period ended September 1, 2018 decreased 0.7 percent.
G-III Apparel Blows Past Guidance In Q2
G-III Apparel Group Ltd. increased the company’s full-year sales and earnings guidance after reporting a profit against a loss in the second quarter. Revenues climbed 16 percent in the period.
