Author: Thomas J. Ryan

JackRabbit Extends Into Sporting Goods With Olympia Sports Acquisition

JackRabbit Extends Into Sporting Goods With Olympia Sports Acquisition

Having gained some traction in turning around the JackRabbit run specialty business, CriticalPoint Capital is moving deeper into sporting goods with its acquisition of Maine-based Olympia Sports. About half of Olympia Sports more than 150 stores will close but the acquired stores will continue to operate under the Olympia Sports’ banner. (Read More)

Piper Jaffray: Casualization Of Fashion Continues

Piper Jaffray: Casualization Of Fashion Continues

Athletic brands once again commanded the top-spots among fashion preferences for teens, according to Piper Jaffray’s 38th semi-annual Taking Stock With Teens survey. In fact, 75 percent of females and 87 percent of males prefer an athletic brand of footwear - both new peaks. Some brands increasing appeal with teens were Nike, Lululemon, Vans, Crocs and Champion. (Read More)

Timberland Expecting Slow Rebound

Timberland Expecting Slow Rebound

At VF Corp’s recent 2019 Investor Day, VF officials said an “intense reset” has positioned Timberland for sequential acceleration in growth after the brand fell short of expectations over the last few years. Martino Scabbia Guerrini, EVP and group president, said, “Men’s footwear has been probably the most challenged category in our business in the last few years.” (Read More)

Vans Eyes Significant White Space Ahead

Vans Eyes Significant White Space Ahead

At VF Corp’s 2019 Investor Day, Doug Palladini, global brand president, predicted Vans would expand in the range of 12-to-13 percent over the next five years. The "emotional connectivity" Vans drives with fans is expected to continue to be fuel the outsized growth. Other newer drivers include a more diverse product range, improved segmentation, new retail formats, enhanced customization tools and accelerated growth in China. (Read More)

Wall Street’s Take: Caleres’ Investor Day

Wall Street’s Take: Caleres’ Investor Day

On Wednesday, Caleres Inc. at its 2019 Investor Day laid out a path for modest sales growth and double-digit earnings growth on average over the next three years. The three-year plan marks a shift from heavy investments in brand acquisitions and infrastructure investment in recent years to a greater focus on driving earnings growth and was applauded by Wall Street analysts. (Read More)

The North Face Targets Inclusivity To Propel Growth

The North Face Targets Inclusivity To Propel Growth

At VF Corp’s 2019 Investor Day last week, Arne Arens, global brand president, The North Face, predicted The North Face’s revenues would reach $4 billion by fiscal 2024 as the brand capitalizes on untapped opportunities reaching women and in categories such as sportswear and footwear. But a greater emphasis on inclusivity is particularly expected to help draw a wider range of consumers to the brand. (Read More)

Nike’s Mark Parker Promises “Another Banner Year Of Innovation”

Nike’s Mark Parker Promises “Another Banner Year Of Innovation”

At Nike’s annual meeting for shareholders held Thursday afternoon in Beaverton, OR, Mark Parker, Nike’s CEO, discussed Nike’s elevated women’s push, the brand’s widespread digital investments, whether China’s outsized growth can be maintained, and Nike’s continuing belief in the “power of sport.” But innovation – including scaling past successes and delivering new platforms - was called out as key to the brand’s continued growth. (Read More)

Duluth To Slow Store Openings To Focus On Profitability

Duluth To Slow Store Openings To Focus On Profitability

In his first conference call since returning as Duluth Trading’s CEO, Steve Schlecht said markdowns required to clear slow-selling inventory led to an earnings shortfall in the second quarter and a lowered outlook for the year. The founder also said new store growth would be slowed in the near-term to focus on profitability while also expecting improvement in the second half. (Read More)

Vista Outdoor Plots Return To Growth

Vista Outdoor Plots Return To Growth

At Vista Outdoor’s Investor Day held Tuesday in New York City, company officials lowered revenue guidance for the current year due to Walmart’s decision to stop selling certain forms of ammunition. But a three-year plan was also revealed that calls for a return to modest growth in ensuing years along with significant improvement in profitability. (Read More)

Dick’s Touts Benefits Of Strong Vendor Partnerships

Dick’s Touts Benefits Of Strong Vendor Partnerships

At Goldman Sachs' annual retail conference, officials at Dick's Sporting Goods discussed how stronger partnerships with vendors are helping revive top-line growth and how Dick's complements their vendor partner's aggressive DTC-growth efforts. Other topics included the challenges addressing girls playing sports, tariffs and the baseball category's resurgence. (Read More)

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