Shares of Hibbett Sports Inc. plummeted $8.88, or 30.2 percent, to $20.53 Friday after the company earlier in the day announced a second-quarter loss—Wall Street had expected a profit—and lowered guidance for the rest of 2018.
Author: SGB Media
Firearms Sales Help Sportsman’s Warehouse Gain Share In Q2
Sportsman’s Warehouse Holdings Inc. gained additional market share in the second quarter thanks to continued success in firearms sales as the shifting landscape has sent other retailer exiting that business.
The Storyteller: Joe Prebich Outlines Vision For Mammut North America
Joe Prebich, who was appointed CEO and managing director of Mammut North America in April, spoke with SGB at length about the company’s ambitious plans to grow the 156-year-old, Switzerland-based apparel and gear brand’s presence on this side of the Atlantic.
Nike, Adidas & Under Armour All Deliver For Kohl’s In Q2
Kohl’s Corp.’s trusty trio of active brands—Nike, Adidas and Under Armour—delivered solid sales in the second quarter, helping the department store top analysts’ earnings and revenue estimates as the company also raised guidance for fiscal 2018.
SGB Executive Q&A: Confluence Outdoor VP Of Marketing Todd King
Todd King, the vice president of marketing for Confluence Outdoor—parent of such renowned paddlesports brands as Perception, Dagger, Wilderness Systems and Mad River—spoke with SGB about what’s happening with the company and some of the issues facing the industry today.
Department Store Roundup: Nordstrom Shares Soar After Standout Q2
Nordstrom Inc. shares skyrocketed on Friday—the day after a stellar quarterly earnings report—increasing $6.94, or 13.3 percent, at market close to secure the company’s spot as the standout department store performer in the second quarter.
SGB Executive Q&A: John Sears Of Gregory Mountain Products
John Sears, VP of design and development at Gregory Mountain Products, sat down with SGB at last month’s Outdoor Retailer Summer Market in Denver, CO, to discuss the latest backpack trends and also how the brand has flourished in the past four years under new ownership.
Can RV Sales Help Camping World Overcome Investment Risks?
Camping World Holdings Inc.’s $1.8 billion in debt might seem like too much to bear, but the vision of CEO Marcus Lemonis and the strength of the U.S. RV market should provide the tailwinds the company needs to overcome exorbitant costs and position itself for accelerated growth in 2019.
SGB Executive Q&A: Gore Fabrics Sustainability Leader Bernhard Kiehl
Bernhard Kiehl, the sustainability leader for Gore Fabrics, sat down with SGB recently to discuss the company’s ambitious environmental and chemical management goals, including the milestones achieved and the targets still on the horizon.
VF Corp. Shares Slip After Spinoff, Relocation Announcement
VF Corp. shares fell 3.6 percent Monday after the company announced spinoff and relocation plans. While investors asked “Why now?” about the move, analyst reaction was mostly positive as VF can now target more growth—both organically and acquisitively—in the outdoor and active lifestyle space.
Canada Goose Posts Loss As Expansion Into China Progresses
Canada Goose Inc.’s smallest quarter might have yielded a loss for the apparel maker but revenue soared 58.5 percent in Q1, providing tailwinds ahead of one of the company’s most ambitious 2018 initiatives—expansion into China.
Firearms Unit Next Divestiture For Vista Outdoor
One month after Vista Outdoor Inc. announced an agreement to sell Bollé, Cébé and Serengeti, the company said firearms should be the next business unit to go—likely before divesting the company’s sports protection brands.
Merrell Shines For Wolverine World Wide In Q2
High-teen sales growth from footwear brand Merrell was the clear standout found in Wolverine World Wide Inc.’s solid second quarter ended June 30. Merrell, which Wolverine has owned since 1997, was the first beneficiary of the parent company’s “global growth agenda.”
Gaiam, And1 & Avia Boost Sequential Brands Group’s Q2
Sequential Brands Group Inc.’s active brands of Gaiam, And1 and Avia again drove growth for the parent company in the second quarter, and their performance in brick-and-mortar stores highlighted not only growing market share but resiliency in the channel.
Crocs Shares Slide Amid CFO Departure
Crocs Inc.’s otherwise solid second-quarter earnings report was dampened by the announcement that CFO Carrie Teffner will resign next April. The news broke before the market opened Tuesday, and while trading was up early in the day, shares of the Niwot, CO-based footwear maker had dipped nearly 3 percent at market close.
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