Author: SGB Executive

Inside The Call: Tilly’s Sees Stronger Recovery Than Expected

Inside The Call: Tilly’s Sees Stronger Recovery Than Expected

Tilly’s Inc. reported its best first-quarter net sales and EPS since becoming a public company in 2012 as the action-sport chain's sales recovery coming out of the pandemic gains momentum. Tilly's officials also said its expansion of hard goods is seeing a good response and the sustainability section on its website would expand to more than 1,000 products by the end of the third quarter. (Read More)

Champion’s Four Growth Drivers To Reach $3 Billion

Champion’s Four Growth Drivers To Reach $3 Billion

At Hanesbrands Inc.’s recent 2021 Investor Day, Jon Ram, group president, global activewear, highlighted four key “actions” designed to grow the Champion brand another $1 billion in sales globally over the next three years. Said Ram, “Champion competes in the land of giants, but we're not trying to copy the competition. We’re forging a separate path." (Read More)

Inside The Call: Athleta’s Momentum Accelerates In Q1

Inside The Call: Athleta’s Momentum Accelerates In Q1

Athleta sales growth accelerated in the first quarter with the benefit of a 113 percent hike in online sales and strong full-price selling, said Sonia Syngal, Gap Inc.’s CEO, on a conference call with analysts. “Athleta drove outsized digital growth while achieving record full-price sales through gains in performance lifestyle products, particularly warm weather short, dresses, swim, and tanks, and it really differentiates us from the competition.” (Read More)

Inside The Call: Journeys Enjoys Strong Recovery With Casual Boost

Inside The Call: Journeys Enjoys Strong Recovery With Casual Boost

Boosted by strong demand for its casual offerings, Journeys saw a strong recovery in the first quarter and help its parent, Genesco Inc., deliver earnings and sales well above Wall Street’s targets in the first quarter. Mimi Vaughn, Genesco’s president and CEO, told analysts, "When fashion swings toward non-athletic or casual footwear, Journeys is especially well-positioned among its competition to deliver this assortment." (Read More)

Inside The Call: Dick’s SG Hikes Outlook As Pandemic-Driven Momentum Keeps Chugging Along

Inside The Call: Dick’s SG Hikes Outlook As Pandemic-Driven Momentum Keeps Chugging Along

Dick’s Sporting Goods significantly hiked its guidance for 2021 as stellar first-quarter results provided more confidence that the surge seen across many categories during the pandemic would continue to pay dividends in the future. On a conference call with analysts, Lauren Hobart, president and CEO, said team sports “came back with a vengeance” in the first quarter and pandemic-helped categories such as golf, home fitness and outdoor are “still really, really strong.” (Read More)

Inside The Call: Foot Locker Moves To Close Footaction As Top-Line Growth Regains Momentum

Inside The Call: Foot Locker Moves To Close Footaction As Top-Line Growth Regains Momentum

Foot Locker Inc. surprised investors by reporting first-quarter results that came in well above Wall Street’s estimates and then in a bigger way by announcing its decision to close the Footaction chain. Dick Johnson, Foot Locker's CEO, said, “Given the timing of the lease expiries, given the timing of the digital effort that we've seen, this is the time to make this decision.” (Read More)

Inside The Call: Deckers Brands Sets Bar Higher For Ugg And Hoka

Inside The Call: Deckers Brands Sets Bar Higher For Ugg And Hoka

With a blow-out final quarter, Deckers Brands said revenue in its fiscal year ended March 31 exceeded pre-pandemic expectations. Deckers now plans to accelerate investments to scale the company’s supply chain and logistics infrastructure as well as beef up talent as growth opportunities for Hoka One One and Ugg are emerging faster than expected out of the pandemic. (Read More)

Inside The Call: Kohl’s Sees Active And Casual Focus Continuing To Pay Dividends

Inside The Call: Kohl’s Sees Active And Casual Focus Continuing To Pay Dividends

Kohl’s Inc. hiked its earnings outlook for the year after first-quarter earnings came in well ahead of Wall Street’s targets. Koh’s said its shift last year to amplify its focus on athletic and casual lifestyles continues to gain traction. Nike, Under Armour, Adidas and Champion continued to drive active gains in the quarter with a major Eddie Bauer launch planned for the second half. (Read More)

Inside The Call: Shoe Carnival Delivers Blowout Q1 On Athletic Strength

Inside The Call: Shoe Carnival Delivers Blowout Q1 On Athletic Strength

Led by athletics and seasonal categories, Shoe Carnival reported first-quarter results that far exceeded Wall Street’s guidance and predicted record earnings for the second quarter. Carl Scibetta, senior EVP, chief merchandising officer, told analysts, "Both men's and women's athletic had strong performances with sales driven by the basketball, skate and running categories.” (Read More)

Eight Questions: Interview With Hugh Williams, President, Addaday

Eight Questions: Interview With Hugh Williams, President, Addaday

Addaday is on a roll. The maker of massage and other recovery tools recently announced a number of major hires to capitalize on emerging growth opportunities as it continues to tap accelerated demand for percussion tools, including its BioZoom Edge cordless massager. Here, Hugh Williams, president, discusses the Addaday story, new hires and growth opportunities ahead. (Read More)

Signa Sports Study Offers Bright Outlook For Sports Retail

Signa Sports Study Offers Bright Outlook For Sports Retail

A global study from Signa Sports United, Europe’s sports commerce platform, and Boston Consulting Group (BCG) predicts tailwinds from COVID-19 will accelerate sports participation rates in the years ahead and drive sports retail revenues at twice the pace of global GDP. The study predicted strong growth prospects for "online category champions" and e-commerce overall. (Read More)

Inside The Call: SportChek’s Sales Gain 7.2 Percent In Q1, Helly Hansen Climbs 12 Percent

Inside The Call: SportChek’s Sales Gain 7.2 Percent In Q1, Helly Hansen Climbs 12 Percent

Canadian Tire Corp. Ltd. reported first-quarter sales grew 7.2 percent at its SportChek segment with gains held back by pandemic-related store closures. Same-store sales were up 18.7 percent. Gregory Craig, EVP and CFO, said, “With the early arrival of spring, we saw record sales in cycling, as well as strong demand in fitness-related categories, such as athletic footwear and kid’s apparel." (Read More)

Inside The Call: Yeti Hikes Annual Targets On Q1 Beat

Inside The Call: Yeti Hikes Annual Targets On Q1 Beat

Yeti Holdings Inc. sales raised its guidance for earnings and sales for the year after reporting sales catapulted 42 percent in the first quarter ended April 3. Matt Reintjes, Yeti’s president and CEO, on a conference call with analysts. “At the heart of this performance is exceptional demand for the Yeti brand, including momentum across our global digital businesses, and the strength of sell-through at wholesale.” (Read More)

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