Author: SGB Media

For a company that admittedly was “late to the ballgame” with implementing all the digital capabilities a retailer should offer its customers in today’s competitive landscape, Hibbett Sports Inc. has certainly made up for lost time. And the company showcased some of its recent digital advances during a stellar first quarter that topped revenue and earnings expectations.

Deckers Brands Inc., wrapping up its first year seeing revenues surpass $2 billion, reported significant gains in fourth-quarter earnings, far ahead of forecasts. Improving margins, expense cuts, early shipments of spring Ugg product and continued explosive growth for Hoka drove the outsized gains.

Safilo Group announced Friday that it has reached an agreement to sell the U.S. retail chain Solstice to Fairway LLC, a U.S. limited liability company formed by a group of investors active in the U.S. and in the European eyewear retail business. The transaction is expected to be completed within the third quarter of 2019. Financial terms of the deal weren’t disclosed.

Rocky Brands Inc. on Thursday announced that it has received a purchase agreement from the Defense Logistics Agency to produce general purpose safety boots for the United States Navy.

Deckers Brands on Thursday reported diluted earnings per share for the fiscal fourth quarter ended March 31 of 82 cents, up from 66 cents a year ago, and non-GAAP diluted earnings per share of 85 cents, up from 50 cents last year and ahead of Wall Street’s estimates by 79 cents. Hoka One One was the only brand to report a sales gain for the company in Q4, as Ugg, Teva and Sanuk all saw revenues decline.