By The Numbers, Week Of November 28
The leading figures from this week’s news in the active lifestyle space.
Genesco’s Q3 Earnings Leap Past Street Estimates
Third-quarter earnings benefited from better-than-expected sales and significantly stronger margins at Lids Sports Group. The retailer nonetheless retained its guidance for the year due to the impact of unseasonably warmer weather and continued fashion shifts at Journeys.
G-III Apparel Sees Warm Weather Chilling Outerwear Sales
“The repeat of unseasonably warm weather created even more pressure than we anticipated,” said CEO Morris Goldfarb.
Krimson Klover Hires New Director of Sales
Luisa Harkins is tasked with regional and national sales strategies, dealer outreach programs and a company repositioning brand project.
G-III Q3 Sales, Profits Slip
The parent to Starter and other team licensed and fashion brands also revised its fiscal-year outlook following its acquisition completion of the Donna Karan and DKNY brands.
Adidas Opens Largest Store In NYC
The 45,000-square-feet location at 565 Fifth Ave. on the corner of 46th Street features “stadium retail” design, a juice bar, a personal fitness consultation area and customization areas
Zumiez Q3 Beats Estimates
Positive growth in men’s, accessories and junior’s supported a 4 percent comp gain in the period.
Australia’s Vie Activewear Plans First U.S. Headquarters In Idaho
The company, which was founded in 2013 in Bondi Beach, Australia, is expected to bring 43 new jobs with an average wage of $51,900.
Montane Appoints New U.S. Sales And Distribution Partner
Neskowin Outdoor Inc. of Portland, OR will direct the U.K. brand’s sales and distribution management in the United States, starting in spring/summer 2017.
Adidas Shuffles Employees, Moves 150 Jobs To Portland
As for the rationale of moving some Adidas jobs to Portland? The talent pool.
Sweaty Betty Ramps Up U.S. Retail Expansion
The women’s activewear retailer based in the U.K. plans to expand to at least 50 stores in the U.S. over the next five years.
Lands’ End Swings To Q3 Loss On Lower Sales
The outdoor lifestyle retailer and brand saw its same-store sales fall 14.3 percent, along with fewer Lands’ End Shops at Sears in a rough quarter following the departure of its CEO.
LeBron James Named Sports Illustrated Sportsperson Of The Year
Sports Illustrated named Cleveland Cavaliers star LeBron James as its 2016 Sportsperson of the Year.
Tilly’s Surprises In Q3 With Jump In Store Traffic
The West Coast action sports retailer credited new product assortments and better local marketing efforts as the top drivers, but also likely benefitted from competitor exits. Stock jumped nearly 35 percent.
Columbia Names New Directors Of Toughness
Faith Briggs is a runner and documentary filmmaker from Brooklyn, NY. Mark Chase, set to be the first international appointee, joins the company from Gloucester, England.
