SportChek saw same-store sales climb 3.7 percent in the second quarter, marking its fourth consecutive quarter of growth and boosted by the Toronto Raptors being crowned NBA champions. Company-owned brands vaulted 47 percent at SportChek, led by Helly Hansen’s expansion.
Author: SGB Media
Aisle Talk Week Of August 5
Top headlines from the active lifestyle industry you may have missed this week, including Fox International, Europe’s largest privately owned fishing tackle company, announcing that it has agreed to be acquired by Lew’s Holdings Corp., a leader in the U.S. fishing equipment market.
Sequential Brands Sees Q2 Revenues Slide
Sequential Brands Group reported a loss in the second quarter as sales declined 20.2 percent.
The North Face Unveils Global Retail Strategy With Opening Of New SoHo Location
The North Face announced a new global retail strategy, beginning with the opening of a new store in the historic SoHo neighborhood of Manhattan on Friday, August 9.
Through the refreshed retail strategy, the brand will transform its existing locations into basecamps for exploration, aiming to create a stronger connection with consumers and evolve The North Face retail environment to a space that feels more like the brand and less like a store.
The Vitamin Shoppe To Be Acquired By Liberty Tax
Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, reached an agreement to acquire Vitamin Shoppe Inc. in an all-cash transaction valued at approximately $208 million.
RECALL: Seattle Manufacturing Ice Axes
Seattle Manufacturing Corporation is recalling its Kobah Ice Axes. The spike and/or head of the ice axe can detach from the handle during use, posing serious injury and fall hazards to the climber.
Margin Pressures Send Camping World Shares Tumbling
Record revenue in the second quarter couldn’t keep Camping World Holdings Inc.’s stock from nosediving Thursday. As investors saw the impact of margin pressures on the company’s revised full-year guidance, CWH shares dipped 28 percent in early morning trading before closing the day down $1.67, or 16.1 percent, to $8.71.
Sears To Close 26 More Stores
Sears, which emerged from bankruptcy earlier this year, announced plans to close five Kmart and 21 Sears stores.
Callaway Raises Guidance On Strong Q2
Callaway Golf Co. on Thursday slightly raised guidance after announcing net sales growth of 13 percent in the second quarter of 2019 with record second quarter net sales of $447 million, which beat Wall Street estimates by $16.6 million.
Dick’s SG Partners With Lindsey Vonn Foundation
In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.
The Buckle’s July Comps Dip
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2019 decreased 0.5 percent.
Arc’teryx Opens Brand Store In Sapporo, Japan
Arc’teryx continued to expand in Japan with the recent opening of a brand store in Sapporo, the capital of Japan’s northern island, Hokkaido.
Retail Imports Remain At Near-Record Levels Despite Tariffs
Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Adidas’ Q2 Currency-Neutral Sales Rose 4 Percent
Adidas AG reported earnings rose 10 percent in the second quarter as sales expanded 4 percent on a currency-neutral basis. Currency-neutral sales increased 12 percent in Emerging Markets and 8 percent in Asia-Pacific, led by 14 percent growth in China. Revenues in North America increased 6 percent Adidas’ outlook was confirmed for the year.
Vista Outdoor Logs Q1 Loss
Vista Outdoor Inc. reported first-quarter sales were down 7 percent on an organic basis, excluding results from the sale of its Eyewear brands. Adjusted EPS was a loss of 8 cents a share compared to break-even results in the prior-year quarter.
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