Author: tryan

DSW Wants To Be Best Buy Of The Footwear Space

DSW Wants To Be Best Buy Of The Footwear Space

At its Investor Meeting on Tuesday, DSW officials unveiled a new name change, Designer Brands, to herald their extensive efforts to reinvent the company’s business model with last November’s acquisition of Camuto Group. At the event, Roger Rawlins, CEO, cited competition from vendors going direct-to-consumer (DTC) as a main reason for the change, even bigger than any threat from Amazon. (Read More)

Dick’s Traffic Doldrums Continue

Dick’s Traffic Doldrums Continue

Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year. (Read More)

Foot Locker Scores Best Quarterly Comp Since 2014

Foot Locker Scores Best Quarterly Comp Since 2014

With hot sellers ranging from Adidas Yeezy to Jordan, Nike’s Max Air, Fila and Champion, Foot Locker Inc. belted out a 9.7 percent same-store gain in the fourth quarter - its best quarterly gain since the fourth quarter of 2014. Fourth-quarter earnings and 2019 guidance also arrived well ahead of expectations. Some setbacks include the planned closing of its SIX:02 women's chain and more impairment charges for  Runners Point, but a bigger investment has been made into  in Carbon38, the women's activewear upstart.  (Read More)

Wolverine’s Shares Sink On Cautious Guidance

Wolverine’s Shares Sink On Cautious Guidance

Wolverine World Wide reported sales came in slightly below Wall Street’s expectations but are expected to accelerate to mid-single digit growth in the back half of 2019 due to an expected turnaround at Saucony and accelerated growth at Merrell and Sperry. EPS guidance for 2019, however, came in below expectations as the company plans to ramp up brand-building efforts this year. (Read More)

SportChek Q4 Boosted By Owned-Brands Push

SportChek Q4 Boosted By Owned-Brands Push

Canadian Tire Corp reported that its SportChek segment saw same-store sales climb 2.5 percent in the fourth quarter, helped by a strong reception to its owned brands, Ripzone, Helly Hansen and Woods. Said Allan MacDonald, Canadia Tire’s EVP of retail, "I'm pleased that our owned brand strategy has now taken root at Sport Chek where we have to compete with some of the greatest brands in the world.” (Read More)

Canada Goose Q3 Revenues Surge 50 Percent

Canada Goose Q3 Revenues Surge 50 Percent

Canada Goose again raised its guidance for the year after banging out significant gains in earnings and sales in the third quarter ended December 31. Results benefited from strong demand for expanded lightweight offerings, retailer requests for earlier shipments of merchandise, and a strong reception to new stores. (Read More)

Under Armour Struggles To Revive North America Growth

Under Armour Struggles To Revive North America Growth

Under Armour Inc.'s fourth quarter came in better than expected in the fourth quarter due to strong growth internationally and fewer promotions. But sales in North America dropped 6 percent and a return to growth isn’t expected in the region until at least the second quarter. Patrik Frisk, president and COO, “When you've lost space on the shelf you got to earn it back and it takes a little bit of time.” (Read More)

Transformation Efforts Pay Dividends For Amer Sports In 2018

Transformation Efforts Pay Dividends For Amer Sports In 2018

Amer Sports, which is close to completing its mega-merger with China’s Anta Sports, reported a “solid” fourth quarter with slightly lower earnings but improving sales momentum. The gains were led by its Arc’teryx and Peak Performance apparel brands, strong DTC growth, and accelerated growth in China and the U.S. (Read More)

Delta Apparel Sees Double-Digit Growth In Q1

Delta Apparel Sees Double-Digit Growth In Q1

Delta Apparel said robust growth for its Salt Life brand and digital print business, DTG2Go, drove a 12.5 percent climb in sales in the first quarter ended December 29, along with a spike in profitability excluding non-recurring items. Improving sales at Soffe and continued strength in fashion basics in its activewear business also supported the gains. (Read More)

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