Customer acquisition and retention are at the heart of any retailer’s success, and Shoe Carnival Inc.’s emphasis on each not only drove a strong third-quarter performance but also sparked the Evansville, IN-based company to lift its outlook for the rest of 2019.
Author: SGB Media
Delta Apparel’s Q3 Boosted By Broad-Based Strength
Powered by double-digit growth in both its Delta Group and Salt Life Group segments, Delta Apparel Inc.’s earnings advanced 12.9 percent in the fourth quarter ended September 28 as revenues expanded 16.2 percent. Highlights included a 54 percent hike in DTG2Go’s revenues and the second consecutive quarter of growth for Soffe.
Athleta Soft In Q3 But Expansion Accelerated
Gap Inc. said growth at Athleta slowed in the third quarter due to in-store traffic and assortment challenges, but expansion for the concept was ramped up to 30 stores for the current year.
Thule Group To Expand Global Development And Test Center In Sweden
Thule Group announced Friday it is starting a significant expansion of its operations in Hillerstorp, Sweden. New buildings and facilities will be built to make room for an expanded global development and test center. At the same time, the production facility for roof racks is being expanded.
Asics Announces Changes To Leadership Team In Europe
After 10 years, Alistair Cameron, CEO for Asics EMEA region, has decided to leave the company. On November 20, Carsten Unbehaun, pictured, became the new CEO of Asics EMEA.
Hibbett Sports Boosts Full-Year Guidance On Q3 Beat
Hibbett Sports Inc raised its full-year outlook after reporting third-quarter profit and sales beat expectations. Earnings were more than double analysts’ targets as the retailer delivered its fourth consecutive quarter of comparable sales growth.
Foot Locker Tops Q3 Analyst Targets, Comps Climb 5.7 Percent
Foot Locker, Inc. reported earnings topped Wall Street’s consensus estimate in the third quarter as same-store sales ran up 5.7 percent. Said Dick Johnson, CEO, “We are pleased with our performance in the quarter, which reflects the success of our strategic focus on building even deeper connections with our customers and further strengthening relationships with our vendors.”
Goat Partners With The Brooklyn Nets
Goat, the sneaker reseller marketplace, has launched an official partnership with the Brooklyn Nets for the 2019-20 season that will include Goat-branded arrival paths for home and away teams, content, signage and more.
As Ski Season Ramps Up, New Industry Landscape Takes Shape
The 2019/20 season begins with a new look and feel across much of the industry—a fresh coat of wax, so to speak—so SGB took a look at the changes that occurred since last spring (or summer for a few lucky resorts and riders). Our winter sports preview touches on the least you need to know about the changing industry landscape—and also says farewell to an industry legend.
Momentous Closes $5 Million Series A Funding Round
Momentous, the performance nutrition company based in Jackson Hole, WY, closed $5 million in Series A funding led by Los Angeles based firm FitLab, an investment fund focused on advancing human performance. Momentous joins a select group of performance brands in the FitLab portfolio, such as Laird Hamilton and Gabrielle Reece’s XPT and leading digital fitness platform Freeletics.
Toms Releases 2019 Impact Report
Toms released its 2019 impact report. The report provides a comprehensive overview of their giving, including 96.5 million lives impacted, since the brand was thirteen years ago
Ross Stores Raises 2019 Outlook After Q3 Beat
Ross Stores, Inc. reported earnings per share for the third quarter ended November 2, 2019 of $1.03, up from $.91 last year and ahead of Wall Street’s consensus estimates of 97 cents a share. Net earnings grew 9.8 percent.
Recall: Scarpa North America Ski Boots
Scarpa North America has recalled its Maestrale RS and Maestrale Men’s Ski Boots because the ski boot shell can crack, posing a fall hazard and risk of injury to the consumer.
Shoe Carnival Raises 2019 Outlook After Solid Q3
Shoe Carnival Inc. on Thursday raised its full-year earnings and revenue guidance after reporting a solid third quarter and nine months ended November 2.
Off-Price Growth Fuels Nordstrom’s Third Quarter
Nordstrom Inc. on Thursday reported earnings per diluted share of 81 cents for the third quarter ended November 2, beating Wall Street’s estimates by 16 cents. Total company net sales decreased 2.2 percent to $3.7 billion in Q3, improving by more than 200 basis points from the first half of 2019 and ahead of targets by $10 million.
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