Due largely to accelerated markdown on cold-weather merchandise, third-quarter earnings came in short of Wall Street estimates and EPS guidance was lowered for the year.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Foot Locker Rides Strength In Lifestyle
The sneaker specialist sees a growing momentum for lifestyle running and casual footwear offerings, as well as a resurgence in popularity for Adidas and Puma.
K2 Sports Licenses Outerwear To Vertical Brands
K2 Sports licensed Vertical Brands of Shrewsbury, NJ for worldwide distribution of K2-branded ski and snowboard outerwear and apparel starting fall 2017.
Perry Ellis Golf Boosted By Warm Weather In Q3
The company’s PGA Tour, Ben Hogan and Callaway golf apparel licenses led the gains, while its Nike Swim brand grew at a double-digit pace.
Is Minimal Footwear Ready For A Comeback?
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Remington Outdoor Q3 Boosted By MSR Strength
America’s oldest manufacturer of firearms and ammunition reported sales rose 11.4 percent in the third quarter, helped by strong demand for MSRs and a rebound in ammunition sales.
Dick’s Outperforms, But Gives Caution To Q4
While it’s gained a competitive advantage in the marketplace following other store closures, the nation’s largest sporting goods retailer gave a conservative fourth-quarter outlook that fell below Wall Street’s targets.
Finish Line Writes Off JackRabbit, Confirms Sale Process
Finish Line Inc. will take a goodwill impairment charge in its third quarter of $44 million to write off its struggling run specialty business.
Gildan Makes A Play For Fashion With American Apparel Bid
With no plan to acquire any of American Apparel’s retail operations out of bankruptcy, Gildan will explore repositioning the brand as a wholesale business.
Mizuno Lowers Guidance On Americas Weakness
Sales in the Americas region were down 14.5 percent on a currency-neutral basis for the six months ended September 30.
Asics America Sees Drop In U.S. Sales
Revenues dropped 11.3 percent in the third quarter, impacted by the Sports Authority liquidation and struggles in the run channel.
Puma Gains Boost From Its Celebrity
Sales in the third quarter came in higher than expected, boosted by the success of lifestyle shoes promoted by pop-star Rihanna and British model Cara Delevingne.
Crocs Improves Bottom Line, But Sales Woes Continue
The squishy-shoe brand greatly improved its bottom line loss in the third quarter 2016, but its sales slipped and were on the lower end of guidance.
Canada Goose Prepping For IPO
Reports say the Canadian outerwear company is seeking a valuation of around $2 billion.
Last Year’s Warm Winter Comes Home To Roost At Bogs
Retailers pulled back orders going into the cold-weather season as they worked through last year’s leftover inventory, but sell throughs and at-once orders for Bogs are starting to pick up.
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