Author: SGB Executive

Dick’s SG Credits Vendor Partners Driving Market Share Gains

Dick’s SG Credits Vendor Partners Driving Market Share Gains

Speaking at Goldman Sachs Global Retailing Conference, Lauren Hobart, president and CEO at Dick’s Sporting Goods, said the retailer has been able to grab market share over the past couple of years partly because of investments supporting omnichannel execution but also because key brand partners have been narrowing distribution and bringing more differentiated product to the retailer’s selling floors. (Read More)

Inside The Call: Zumiez Finds Strength In Apparel Offsets Softness In Skateboards

Inside The Call: Zumiez Finds Strength In Apparel Offsets Softness In Skateboards

Zumiez Inc. was able to counter declines in skateboard sales and supply chain hurdles to deliver a revenue gain in the second quarter of 7.3 percent year-over-year and 17.6 percent compared with the second quarter of 2019. Rick Brooks, CEO, told analysts, “It’s been really good to see how the business responded. We’re maintaining our wallet share of our customers’ business.” (Read More)

Inside The Call: Foot Locker Expects To Navigate Supply Chain Challenges Through Holiday Selling

Inside The Call: Foot Locker Expects To Navigate Supply Chain Challenges Through Holiday Selling

Foot Locker reported second-quarter sales and earnings that crushed Wall Street targets, led by an uptick in sales from its women’s and kids categories as well as strong full-price selling. Upbeat guidance was also delivered for the second half as recent heightened supply chain risks are seen holding off until the end of the year. (Read More)

Inside The Call: SportChek Scores Second Straight Quarter Of Healthy Double-Digit Growth

Inside The Call: SportChek Scores Second Straight Quarter Of Healthy Double-Digit Growth

SportChek’s same-store sales continued to see a strong recovery, jumping 28.6 percent in the second quarter ended July 3 year-over-year and advancing 5.1 percent over the 2019 second quarter. Canadian Tire Corp.’s officials said the growth reflected strong demand for casual wear as well as athletic footwear and apparel. The gains came despite inventory constraints. (Read More)

Inside The Call: Delta Apparel’s Sales Return To Pre-Pandemic Levels Amid Healthy Active Apparel Demand

Inside The Call: Delta Apparel’s Sales Return To Pre-Pandemic Levels Amid Healthy Active Apparel Demand

Delta Apparel Inc. reported sales jumped 65.3 percent in the third quarter ended July 3 to $118.7 million. Sales were relatively flat against 2019 third-quarter levels as a 36 percent increase at the Salt Life Group segment helped offset a 5 percent decline in the Delta Group segment. The sales performance was in line with an update provided in mid-July. (Read More)

Inside The Call: Why Did Wolverine Worldwide Acquire Sweaty Betty?

Inside The Call: Why Did Wolverine Worldwide Acquire Sweaty Betty?

On a conference call with analysts discussing the Sweaty Betty acquisition, Wolverine Worldwide officials said the U.K-based women’s activewear brand is expected to help Wolverine’s own brands, including Saucony and Merrell, to further expand in apparel and across digital channels. However, the biggest opportunity it sees is tapping into the growth potential of Sweaty Betty and the overall women's activewear market. (Read More)

Inside The Call: Clarus Hikes Outlook As Black Diamond Regains Momentum

Inside The Call: Clarus Hikes Outlook As Black Diamond Regains Momentum

Clarus Corp. significantly lifted its outlook for earnings and sales in 2021 as its bullets business led by Sierra and Barnes showed continued strength and Black Diamond accelerated to triple-digit growth. Officials said strong relationships with suppliers and prioritizing core products are helping the company offset supply chain challenges. (Read More)

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