Vans, The North Face Fuel VF Corp.’s Sizzling First Quarter
Continued strength in VF Corp.’s biggest brands—Vans, The North Face and, to a lesser extent, Timberland—along with balanced geographic and channel sales, helped the company deliver a standout first quarter with earnings well above Wall Street’s expectations.
Aisle Talk Week of July 16
Top headlines from the active lifestyle industry you may have missed this week, including Boa Technology Inc. opening the company’s new environmentally friendly headquarters in Denver, CO.
VF Corp Lifts FY Outlook After Robust Q1 Results
VF Corp. reported earnings 62 percent on an adjusted basis in the first quarter ended June 30, to 43 cents a share, well above Wall Street’s consensus estimate of 33 cents. Sales grew 23 percent on a reported basis and were up 21 percent in constant dollars Currency-neutral sales jumped 32 percent at Vans and 5 percent at The North Face.
SGB Executive Q&A: Royal Robbins CEO Michael Millenacker
A little more than a year after Royal Robbins died, the company he founded in 1968 is under new ownership, yet retains the spirit of its namesake. Current President and CEO Michael Millenacker (pictured) spoke with SGB about where the company is heading under Fenix Outdoor and why the brand’s 50-year-old vision remains intact.
Sports Direct Burned By Outside Investments
While underlying earnings are benefiting from its “Elevation” efforts to upgrade its stores, Sports Direct reported that its U.S. business, consisting of Bob’s Stores and Eastern Mountain Sports, showed loss in its fiscal year ended April 29 and a number of other investments aren’t paying off.
Adidas Downgraded On Heightened Competition
Wells Fargo Securities downgraded shares of Adidas due to renewed growth in North America at Nike, continuing explosive growth at Vans and some lackluster results from the launch of new Adidas platforms.
Speedo USA Signs Caeleb Dressel
Speedo USA, a division of PVH Corp., announced that two-time Olympic gold medalist, seven-time FINA World Championships gold medalist and competitive swimming phenom Caeleb Dressel has joined Team Speedo USA, marking his first endorsement since becoming a professional swimmer earlier this year.
EMS/Bob’s Logs Loss For Sports Direct In Fiscal 2018
Sports Direct Inc. said Bob’s Stores and Eastern Mountain Sports, acquired in bankruptcy proceedings in May 2017, showed £9.2 million ($11.9 mm) in trading losses in the company’s fiscal year ended April 29.
Amazon Prime Day 2018 Manages Another Record
Amazon said that sales across its Prime Day event surpassed Cyber Monday, Black Friday and the previous Prime Day, when comparing 36-hour periods, making this once again the biggest shopping event in Amazon history.
HeiQ Partners With Concept III In North America
HeiQ Materials has announced a partnership with Concept III to strengthen the sales and support to the company’s brand partners in North America.
SFIA Webinar Stresses Urgency In Applying For Tariff Exclusions
On a webinar Wednesday, David Cohen, an international trade expert with Sandler, Travis & Rosenberg and Bill Sells, SVP government relations & public affairs at the SFIA, discussed the urgency for affected sporting goods companies to seek exclusions to avoid the latest round of tariffs on Chinese imports. The first deadline in the exclusion process is less than 10 days away.
Deloitte Finds More BTS Shoppers Decide To Purchase In-Store Than Online
This year’s Deloitte’s “2018 Back-to-College Survey” shows that mobile and online shopping is hitting a plateau amongst parents.
OT Sports To Sponsor Minor League Baseball
Beginning with the 2019 season, OT Sports will be an official on-field provider of home and road uniforms, including pants, for Minor League Baseball.
Perry Ellis Special Committee Reiterates Commitment To George Feldenkreis Transaction
The special committee of the Perry Ellis International Inc. board of directors, which is composed of the independent directors, reiterated the committee’s commitment to the George Feldenkreis transaction and the committee’s intention to recommend that all Perry Ellis shareholders vote for the Feldenkreis transaction.
Arc’Teryx Pays Tribute To Marc-Andre Leclerc
Arc’Teryx is paying tribute to athlete Marc-Andre Leclerc during the Arc’Teryx Climbing Academy by dedicating a night of speeches and events in his honor. The event is scheduled for opening night of the Climbing Academy this Thursday, July 19, in downtown Squamish, British Columbia.
