Author: SGB Executive

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)

Inside The Call: Foot Locker Looks To Address “White Spaces” With Duo Acquisitions

Inside The Call: Foot Locker Looks To Address “White Spaces” With Duo Acquisitions

On an analyst call, Dick Johnson, chairman and CEO of Foot Locker, said the acquisitions of WSS and Atmos “fill in some of the white space” available to Foot Locker beyond its core sneaker and sport culture segments. WSS provides a deeper reach into the classics footwear category and the Hispanic demographic. Tokyo-based Atmos provides a strong foothold in boutique streetwear that could kick-start expansion in Asia. (Read More)

Inside The Call: Vans’ Bounce Back Boosts VF’s Q1 Results

Inside The Call: Vans’ Bounce Back Boosts VF’s Q1 Results

VF Corp. raised its outlook for its fiscal year after reporting results in the first quarter ended June 30 came in well ahead of expectations, helped by signs of recovery at Vans and continued strength in digital. The outlook reflects stronger-than-expected order books for its four primary brands, which also include The North Face, Timberland and Dickies, and strength at two emerging brands, Altra and Smartwool. (Read More)

North America Improving For Fjällräven’s Parent In Q2

North America Improving For Fjällräven’s Parent In Q2

In his quarterly note to shareholders, Martin Nordin, CEO of Fjällräven’s parent Fenix Outdoor International said the company saw continuing improvement in the second quarter in North America, especially with its direct-to-consumer segment sales nearly back to 2019 levels. However, weakness in Kanken backpacks continues to hold back a more meaningful recovery.  (Read More)

StockX Sees New Categories Accelerate First-Half Growth

StockX Sees New Categories Accelerate First-Half Growth

In its mid-year report, StockX revealed another period of explosive growth with the help of expansion into categories beyond sneakers. The report also details the fastest-growing brands across core categories including sneakers, electronics, collectibles, apparel, and accessories. Said StockX CEO Scott Cutler, “There are strong synergies between our core sneaker enthusiasts and those customers who are passionate about apparel, accessories, collectibles, and gaming." (Read More)

RBFF Fishing Study Finds Spike In First-Time Fishing Participants

RBFF Fishing Study Finds Spike In First-Time Fishing Participants

A new study from the Recreational Boating & Fishing Foundation (RBFF) found that first-time fishing participants climbed to 4.4 million in 2020, a surge of 42 percent year-over-year. Like patterns seen in other outdoor activities, fishing reached new and diverse audiences as individuals picked up the sport as a remedy for COVID-19-related stress and anxiety. (Read More)

IHRSA Annual Report Finds Fitness Industry Flexing To Rebound

IHRSA Annual Report Finds Fitness Industry Flexing To Rebound

The IHRSA (International Health, Racquet & Sportsclub Association) estimated that the U.S. fitness industry lost $20.4 billion in revenue in 2020, just one year after generating an all-time high of $35 billion, according to the organization's recently released 2021 IHRSA Global Report. However, the report outlined reasons to be optimistic for the industry's prospects partly as health became a higher priority during the pandemic. (Read More)

Deloitte: Back-To-School Spending To Reach Highest Level In Years

Deloitte: Back-To-School Spending To Reach Highest Level In Years

Deloitte's 2021 Back-to-School Survey*, found that back-to-school spending at Kindergarten through 12th grade (K-12) will grow 16 percent this year, reaching its highest level in recent years as clarity surrounding the upcoming school year and consumer sentiment rise. Deloitte joins a chorus of others forecasting a strong rebound in back-to-school selling. In a separate survey, Deloitte found a more modest recovery for back-to-college spending, up 5 percent. (Read More)

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