Digital-First Strategy Approach Paying Off For Crocs

At Stifel’s 2019 Cross Sector Insight Conference on Tuesday in Boston, Crocs Inc’s officials elaborated on the company’s decision to significantly reduce its exposure to sourcing from China but spent most of the time discussing its growth resurgence in recent quarters, driven in large part by a focus on digital.

Vail Resorts Seeing Healthy Season-Pass Trends

Vail Resorts reported a strong finish to the 2019 North American ski season, helping recover from a shortfall in destination visitation in the pre-holiday period. More encouragingly, season pass sales through May 28 are off to a healthy start.

Zumiez Q1 Boosted By Surprise Revival In Skateboards

Zumiez Inc. reported first-quarter earnings that handily topped expectations in large part due to a surprising comeback in skate hardgoods sales. Said Richard Brooks, CEO, on a conference call with analysts, “The speed that skate changed, that skate hardgoods became a driver, was pretty remarkable.”

Yeti Looking To Get Its Name Out There

Despite Yeti’s sales expected to reach nearly $900 million this year, Matt Reintjes, president and CEO, told attendees the William Blair 2019 Growth Stock Conference that a major driver of growth will be just raising awareness of the brand.

Famous Footwear Dragged Down By Slow Start To Spring

Caleres Inc. lowered its guidance for the year as Famous Footwear joined several other retailers that were unable to recover from a poor February. Again, the cold and rainy weather in many parts of the country took the blame. Famous is also expected to be down in the second quarter.

Mexico Joins The Tariff War

The likely arrival of tariffs on Mexican imports is the newest wrinkle added to the ongoing trade challenges facing the active-lifestyle industry. The last week also saw a host of other retailers lament that some of the Chinese tariff costs would have to be passed on to consumers and talk of possible retaliatory bans against U.S. brands.

Athleta Becomes Bright Spot In Ugly Q1 For Gap Inc.

Gap Inc. reported disappointing first-quarter results and lowered its full-year guidance as both Gap Brand and Old Navy recorded their weakest quarterly sales in three years. However, Athleta continues to be a winner as Gap officials revealed plans to accelerate the chain’s openings in 2019.

Tilly’s Warns On Sluggish Spring Sales

Tilly’s Inc. reported first-quarter earnings and sales both reached the high-end of guidance. But the action sports chain warned of a down second quarter as spring/summer selling has seen a slow start due to cool and wet weather patterns across much of the country, particularly in California.

DSW’s Q1 Boosted By Women’s And Kids

Shares of Designer Brands, formerly DSW Inc., rose $1.06, or 5.9 percent, to $9.05 Thursday after the company matched Wall Street’s earnings expectations in the first quarter and increased its full-year guidance.

Dick’s Shares Unsettled By Tariffs Woes

Dick’s Sporting Goods reported better-than-expected earnings in the first quarter due to aggressive stock buybacks and same-store sales reaching the high-end of plans with the help of stepped-up inventory investments. Shares, however, slid after tepid guidance was provided for the back half of the year due largely to the potential impact of tariffs.

Foot Locker’s Shares Tank On Weak Guidance

Shares of Foot Locker Inc. lost 16 percent on Friday after the company missed on first-quarter profit and sales and provided lackluster guidance for the second quarter. The retailer basically retained its guidance for the year.

Title Nine Mines Sports To Empower Women

Long before the arrival of Lululemon, Fabletics, Outdoor Voices and the rest of the athleisure movement, Missy Park in 1989 founded Title Nine, becoming the first retailer to focus on selling women’s sports and fitness apparel. Park talks to SGB Executive about the many ways Title Nine is working to push the women’s movement forward, her take on the advances and shortcomings of today’s women’s sports apparel and gear, and why Title IX is still relevant to Title Nine.

Snipes Takes On U.S. Market

Earlier this year, German-based streetwear retailer Snipes acquired KicksUSA to mark its entry into U.S. retailing. Sven Voth, founder and managing director of Snipes, talks to SGB Executive about the reason for the acquisition and Snipes’ plans for the U.S. market.

How Asics Plans To Regain Its Stride In Run

Following 13 consecutive quarters of declines, Asics returned to growth in North America in the first quarter, led by the Performance Running category’s return to positive growth. In an interview with SGB Executtive, Richard Sullivan, EVP of sales, categories and marketing, Asics North America, discusses the reason Asics returned as title sponsor of the Los Angeles Marathon and its strategies for regaining its leadership positioning in the run category.