Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Author: SGB Media
BSN Sports Acquires Arkansas’ Best Sports
BSN Sports acquired Best Sports Inc., based in Rogers, AR.
Crocs Guides Accelerated 2021 Revenue Growth of 20 percent to 25 percent
Crocs Inc. raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent.
VF Corp. Names Shanghai As New APAC Headquarters
VF Corp. announced a transformation plan for its Asia Pacific operations focused on evolving the region’s organizational design and footprint and building new capabilities to for the growth of its brands. Accordingly, VF will move the center of its brand operations from Hong Kong to Shanghai.
Tilly’s Sees Modest Comp Gain Over Holiday Period
Tilly’s Inc. reported same-store sales grew 2.7 percent for the nine-week period ended January 2. Comparable net sales in physical stores decreased by 12.4 percent while e-commerce net sales jumped 65.2 percent.
Lululemon Sees Q4 Earnings At Upper End Of Guidance
Lululemon Athletica Inc. announced the company now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31.
Boot Barn Sees Q3 Comps Climbing 4.6 Percent
Boot Barn Holdings Inc. said it expects both earnings and sales to top Wall Street’s consensus estimates in the third quarter ended December 26. Same-store sales returned to positive territory despite ongoing headwinds from COVID-19, and the chain’s e-commerce business remained strong.
Genesco Sees Comps Dip 3 Percent Over November And December
Genesco Inc. announced that comparable sales, including stores and direct sales, decreased 3 percent for the quarter-to-date period ended December 26, 2020. Same-store sales decreased 14 percent and sales for the company’s e-commerce businesses jumped 49 percent on a comparable basis.
Lowa Expands Cold Weather Boot Line For Fall ’21; Taps New Outdoor Consumer With Lifestyle Silhouettes
LOWA Boots today debuted its fall 2021 line, expanding its offerings of cold weather boots appealing to the new outdoor consumer. The collection fuses performance technology, fashion detailing and component features for warmth and comfort. The Calceta, Bosco and Ottawa lead the line with trending color updates and profiles, ideal for everyday wear. “We know […]
Aisle Talk Week Of January 4, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of January 4, 2021 covered in the SGB Updates and delivered to your inbox every business day.
TaylorMade Extends Contract With Dustin Johnson
TaylorMade has signed a new multi-year contract extension with Dustin Johnson, currently ranked as the No. 1 golfer in the world. Johnson earned his first green jacket at the 2020 Masters last November and is third all-time in total number of weeks at World No.1, trailing only Tiger Woods and Greg Norman. “When we look […]
Economy Loses 140,000 Jobs In December
The Labor Department reported Friday that nonfarm payrolls fell by 140,000 amid a surge in COVID-19 cases across the country. Economists surveyed by Dow Jones expected to see a gain of 50,000.
SGB Media Reports Top Stories Of 2020
SGB Media has reported its Top 20 stories read online in 2020, with the Bass Pro acquisition of Sportsman’s Warehouse and related stories leading the charts. Overall, the SGBonline.com web site had a banner year in readership, recording over 2.5 million page views, a 20 percent increase over 2019.
SBRnet Acquired By Sporting Goods Industry Veterans
Sporting Goods Research Network Inc., doing business as SBRnet, has been acquired by Neil Schwartz and Mark Sullivan from the estate of Dick Lipsey.
Virtual PGA Merchandise Show Sets Announces Speaker Line-Up
The virtual PGA Merchandise Show, to be held from January 26 to 29, announced that speakers at its event will include Phil Mickelson, 2021 Ryder Cup Captains Steve Stricker and Padraig Harrington, PGA Champion Collin Morikawa, and CBS Sports’ Jim Nantz.
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