Author: Thomas J. Ryan

Nike And Zalando Offer Path For Marketplace Partnerships

Nike And Zalando Offer Path For Marketplace Partnerships

At the NRF Big Show in New York City, Stuart Hogue, Nike’s VP, marketplace development, discussed the sports giant’s successful partnership with Zalando that he said should serve as a “bit of a blueprint” for other brands and marketplaces to copy. The presentation followed Nike’s move last November to end its direct sales relationship with Amazon, the world’s largest marketplace. (Read More)

Worn Wear Taking Off For Patagonia

Worn Wear Taking Off For Patagonia

In a session on circular business models at the NRF Big Show, Phil Graves, Patagonia’s head of corporate development, said early returns from Worn Wear, the brand’s resale business, “are quite good.” Last year, Worn Wear saw 40 percent growth in revenue, profitability and customers that were on average 10 years younger than typical Patagonia customers. (Read More)

Conversation With Dick’s Sporting Goods’ CEO Ed Stack

Conversation With Dick’s Sporting Goods’ CEO Ed Stack

Thirty-five years after taking over the family business from his Dad, Ed Stack has written his first book, “It’s How We Play The Game: Build a Business. Take a Stand. Make a Difference.” Stack spoke with SGB Executive about what motivated the book, life lessons learned in the sporting goods space and his controversial stance on gun sales and subsequent leadership role in the reform conversation on Capitol Hill. (Read More)

Hydro Flask Shines In Helen Of Troy’s Q3

Hydro Flask Shines In Helen Of Troy’s Q3

Powered by strong gains for Hydro Flask, Helen of Troy Ltd. reported sales in its Housewares segment jumped 28.5 percent in the third quarter ended November 30. The company significantly raised its growth targets for the year in the Housewares segment but also said growth would moderate in the fourth quarter due in part to Hydro Flask orders being shipped early to meet holiday demand. (Read More)

Nike Blasts Past Targets In Q2

Nike Blasts Past Targets In Q2

Nike Inc. crushed Wall Street’s earnings targets in the second quarter. Revenues were led by currency-neutral gains of 23 percent in China and 14 percent in the EMEA region. Digital sales vaulted 38 percent and the Jordan brand logged its first-ever billion-dollar quarter. The North America region came in lower than analysts’ expected but still accelerated from the first quarter. (Read More)

SFIA: Eroding Sports Participation Remains Industry’s Achille’s Heel

SFIA: Eroding Sports Participation Remains Industry’s Achille’s Heel

“In 2019, as in the previous two years, we describe our industry market dynamics as ‘okay, not great,” sums up Tom Cove, president and CEO of Sports & Fitness Industry Association (SFIA), in his organization’s recently-released 2019 State Of The Industry Report. Profitability has stabilized, inventories have rationalized and R&D spending has recovered. But sports participation remains a concern. (Read More)

Designer Brands’ Shares Crash On Slashed Outlook

Designer Brands’ Shares Crash On Slashed Outlook

Shares of Designer Brands, the parent of DSW, fell $2.80, or 16.4 percent, to $14.23 Tuesday after the company said warm weather and tariff-mitigation efforts drove the company to overreact to a potential slowdown. Roger Rawlins, CEO, said, “We of course now know that the feared consumer pullback did not materialize. But we, unfortunately, were not able to make up the impact of these actions within the quarter.” (Read More)

Tilly’s Q3 Boosted By Graphic Tees

Tilly’s Q3 Boosted By Graphic Tees

Tilly's Inc. reported earnings and same-store sales landed at the top end of guidance in the third quarter and provided an upbeat comp outlook for the fourth quarter.  Said Ed Thomas, CEO, "Despite a slow start to the fourth quarter as a result of a later Thanksgiving this year, Black Friday weekend met our expectations, leaving us optimistic about our opportunity to deliver positive comps in the fourth quarter." (Read More)

Wall Street’s Take On Dick’s Blowout Q3

Wall Street’s Take On Dick’s Blowout Q3

Dick’s Sporting Goods Inc. last week reported third-quarter earnings handily surpassed Wall Street targets and lifted its guidance for the third time this year. A few analysts saw the progress as another sign that the sporting goods chain is well-positioned to drive healthy comps in the years ahead, but a few were still worried about margins and the payoff from ongoing investments. (Read More)

Tariff Talk Heats Up On Q3 Conference Calls

Tariff Talk Heats Up On Q3 Conference Calls

With a fresh round of tariffs arriving on September 1 and another scheduled to land on December 15, tariff-mitigation strategies were again widely discussed by vendors on recent quarterly conference calls. So far, the impact has been minimal with more concerns expressed about 2020. Tariff insights from VF Corp, Under Armour, Nike, Columbia Sportswear, Vista Outdoor, Clarus and more. (Read More)

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