VF Corp raised its outlook for the year on accelerated momentum at Vans and renewed momentum at The North Face in the first quarter. VF officials also said it planned to spend an additional $20 million, or 4 cents per share, of incremental investment in the back half of the year to support the launch of North Face’s Futurelight fabric technology.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Skechers Sees Domestic Wholesale Regaining Momentum
Driven by outsized growth overseas and across the company’s domestic direct-to-consumer (DTC) network, Skechers USA Inc. reported second-quarter earnings rose significantly over year-ago levels and handily topped guidance. Company officials also predicted domestic wholesale revenues would turn positive in the third quarter with growth accelerating in the fourth.
SportsEngine Sponsors National Youth Sports Day At U.S. Capitol
SportsEngine Inc., an NBC Sports Group company and the leading provider of sport relationship management software, announced its sponsorship of National Youth Sports Day on Tuesday, July 16 on Capitol Hill in Washington DC.
Who Else Won The World Cup?
The U.S. Women’s National Team (USWNT) won the 2019 FIFA Women’s World Cup. But major and minor victories are also being claimed for women’s soccer fandom and Nike’s overall women’s push, as well as potentially for soccer participation and women’s pay equality.
Hydro Flask’s Brawny Growth Continues In Q1
Boosted by shelf-space gains in existing and new retailers as well as strong acceptance of newer products, Hydro Flask’s sales vaulted again in the first quarter ended May 31, prompting its parent, Helen of Troy, to lift its outlook for the year.
Q+A With Academy Sports + Outdoors’ CEO Ken Hicks
Ken Hicks has earned credit for stabilizing Foot Locker Inc. and setting it back on a path towards growth. Now, he’s looking to do the same for Academy Sports + Outdoors. Hicks talks to SGB Executive about what makes Academy unique in the marketplace, the progress being made on repositioning efforts, and the chain’s financial stability.
Ellett Brothers Facing July 24 Deadline To Find A Buyer
Ellett Brothers, the firearms distributor that filed for bankruptcy protection on June 10, has until July 24 to find a buyer in a going concern sale of its assets to avoid an outright liquidation.
Vista Outdoor Takes Next Step Forward With Firearms Sale
Helping to reduce debt, boost its ammunition opportunities, and repair some retail relationships, Vista Outdoor announced that it had sold the Savage Arms and Stevens firearms brands to a financial buyer for $170 million. In response, REI said it would immediately resume taking orders on Vista products.
JD Sports: U.S. Experiment Making Headway
JD Sports acquired The Finish Line last June to mark its entry into U.S. retailing and by all indications that entry continues to proceed smoothly. In a brief update of results for the first half, management particularly called out the progress of the first six JD Sports banners it’s opened in the U.S. while indicating they “remain encouraged” by the overall performance in the U.S.
Eight Takeaways From Nike’s Fourth Quarter
Nike Inc. capped off another robust fiscal year with a fourth quarter that exceeded top-line guidance but missed earnings targets. On a conference call, Nike officials said strategic investments, including its focus on digital and growth through strategic partners, are just starting to pay off.
Fleet Feet Looks To Lead With Culture
The overall message at Fleet Feet’s Annual Conference was again about the importance of people and culture. But the event’s signature theme shifted to “Lead” to signify the franchisor’s determination to lead the run specialty industry. Joey Pointer, CEO and president, in an interview said being the front runner presents new challenges for the franchisor and franchisees that go well beyond complacency.
Why Is Champion Winning Again?
Champion, which is celebrating its 100th year in 2019, has been on a roll over the last two years. Here, David Robertson, director Champion Brand Marketing, discusses the many facets of the brand’s extensive “100 Years for the Team” anniversary campaign, its decision to open full-price stores and enter the premium footwear category, and what’s driving Champion’s momentum.
The Hidden Costs Of Tariffs
While the potential costs of tariffs gets all the attention, the countless steps being taken to mitigate tariffs and planning around the uncertainties created by them could be having an even bigger impact on the outdoor industry, executives said at a session at 2019 Outdoor Retailer Summer Market.
Six Questions: Allison Gettings, President, Vasque Footwear
Last September, Vasque Footwear, part of the Red Wing Shoe Company, appointed Allison Gettings as VP and general manager of the 55-year old, iconic outdoor footwear brand. Here, Gettings talks about her aspirations for the Vasque brand, key product initiatives and the brand’s quiet approach to advocacy.
Lululemon’s Hot Streak Continues
Lululemon Athletica Inc. continued its recent roll, delivering first-quarter sales and earnings that surpassed guidance and slightly increasing its outlook for the year. Highlights included 26 percent growth in men’s, a ramped-up push on the run category and 70 percent expansion in China.