Golf rounds might have been down in the double digits for April as they have been for a few months now, but softness in the sport’s participation had no bearing on Perry Ellis International’s golf sales in the first quarter. The company saw total revenues rise 5.4 percent behind the strength of golf apparel.
Author: SGB Media
Firearms Fallout Fizzles As Dick’s Sporting Goods Surges In Q1
Dick’s Sporting Goods’ recent policy refusing to sell firearms resulted in plenty of PR fallout but it hasn’t affected the retail giant’s bottom line. The Pittsburgh, PA-based company easily beat Wall Street’s estimates for the first quarter ended May 5 through strength in other categories, including an especially solid performance in private label sales, which led to higher margins.
What Does Canadian Tire-Helly Hansen Deal Mean For Outdoor Retail?
Canadian Tire Corp.’s recent $771 million acquisition of Helly Hansen resonated across the outdoor world for its sheer novelty—a retailer has never bought such an established, iconic brand at such an eye-popping price. But does it signal a trend of similar deals happening across the industry?
Hibbett Remains Optimistic As Digital Initiatives Ramp Up
The leadership team at Hibbett Sports Inc. fully understands that the company is far behind competitors’ digital investments, but the company is making concerted efforts to catch up, and digital progress showed up in Hibbett’s first-quarter earnings.
All Brands Deliver For Deckers In Q4 But Ugg Stands Out
Revenue growth across the Deckers Brands portfolio—Ugg, Hoka One One, Teva and Sanuk—allowed the Goleta, CA-based footwear company to close fiscal 2018 on a “high note,” said President and CEO Dave Powers.
Can Sportsman’s Warehouse Sustain Firearms Growth?
Firearms and ammunition revenue growth boosted Sportsman’s Warehouse in the first quarter, but it’s too soon to say how much the retailer is benefiting from its competitors pulling out of gun sales and how well these categories will perform throughout the year.
TJX Attracting Millennials, Gen-Z Through Digital & Traditional Means
The TJX Cos. Inc.—parent of Sierra Trading Post, T.J. Maxx, Marshall’s, HomeGoods and others—believes the company’s myriad of brands can reach the next generation of shoppers by strategically combining digital and traditional offerings.
Ellison Leaves J.C. Penney At Precarious Time
Shares dropped sharply at J.C. Penney Co. Tuesday with the announcement that Chairman and CEO Marvin Ellison would be leaving the retail giant to take over as the CEO of Lowe’s, effective July 2.
U.S.-China Trade War ‘On Hold’ … But Should Companies Remain Wary?
The looming trade war with China that dominated headlines all spring and forced U.S. companies to fear heavy tariffs on their imports is now on hold. But is it really?
Macy’s, Dillard’s Lead Department Store Performance In Q1
Department stores have seen diverging performances in the first quarter. Of the stores that reported earnings in the past week, Macy’s and Dillard’s exceeded Wall Street expectations on income and revenue, while Nordstrom improved income and revenue but missed on comparable sales and J.C. Penney stumbled.
Kayak Maker Hemisphere Design Works Sets Course For Growth
Hemisphere Design Works is the result of a 2017 merger between KL Outdoor and GSC Technologies. The newly formed, 500-employee company is now ramping up production of a wide range of kayaks, pedal boats, human-powered fishing boats and paddling accessories under the Sun Dolphin, Evoke, Future Beach and Swiss Cargo brand names.
Patagonia CEO: Public Lands Stance Having ‘Positive Effect On Business’
Patagonia CEO Rose Marcario has again spoken out in defense of her company’s campaign against the current administration’s attack on public lands, telling the popular podcast Recode Decode the stance has had a “positive effect on business” and that Patagonia is poised to have its “best [sales] year ever.”
The Spring Of Nike’s Discontent
March, April and May should be a time for Nike Inc. to focus on promoting new products and growing North American revenue, but this spring the global footwear giant has instead been stumbling over accusations of workplace harassment, which has led to a host of high-profile executive departures
Manufacturing Softness Helps Drive Down Yue Yuen Earnings
Hong Kong footwear manufacturer Yue Yuen Industrial (Holdings) Ltd. saw earnings dip but revenue climb in the first quarter, bringing the supplier mixed signals to begin the year.
Whack-A-Mole: Inside The Fight Against Knockoffs, Counterfeits & Fake Sites
SGB goes inside the fight against counterfeits, knockoffs and fraudulent websites by looking at how two companies—Nite Ize and Scott Sports—are combatting the problem, as well as outlining steps a business can take to mitigate risk.
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