Billabong, Element and RVCA brands see growth and expand share, but currency headwinds, retail disruption and a shift away from longboards drag earnings.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Best Buy Provides Upbeat Outlook For Wearables
Best Buy Inc. said strength in wearables helped the electronics chain deliver better-than-expected sales for its second quarter.
Bearpaw Appoints CFO
Bearpaw, best known for its fashionable boots, has appointed Jason J. Martini as its new chief financial officer.
Dick’s Sporting Goods’ Expanding Empire
While there’s plenty of uncertainty in the active-lifestyle retail marketplace, the national retailer is quickly taking advantage of the lapse to expand its presence.
Cassie Tweed Design Director Osprey Packs
Cassie Tweed has advantage over the competition when it comes to designing gear at Osprey Packs.
FDRA Pushes for Clearer Athletic Footwear Clarification
The FDRA is urging the U.S. government to clarify and update the criteria for classifying footwear as athletic, which can increase or decrease the duty rate for these types of shoes.
SGB 2016 Retail Top 100: Run Specialty Slows its Pace
Retailers adapt to more moderate growth amid omni-channel and wide-distribution challenges.
Kohl’s Cuts Outlook Despite Upbeat Q2
Kohl’s Corp. lowered its guidance for the full year despite reporting second-quarter earnings that easily topped Wall Street estimates. Kevin Mansell, Kohl’s chairman, chief executive officer and president, said, “Our sales improved over our first quarter results, but were below our expectations. We are encouraged by the performance of juniors and young men’s as we […]
Macy’s to Close 100 Stores
Macy’s, Inc. said it plans to close 100 Macy’s full-line stores out of a current portfolio of 728 Macy’s stores, including 675 full-line locations.
Skullcandy Sinks into Red on Acquisition, Bankruptcy Charges
Domestic business rebounds, but global sales lag. Soon-to-be owner lifts acquisition bid to ward off competition. Shareholders set to vote by August 17.
Gaia Sees Q2 Loss Post-Gaiam Sale
Gaia, Inc., formerly Gaiam, Inc., reported a loss in its first period since selling off its Gaiam fitness products business, but did see healthy subscriber growth for its remaining health and wellness media properties.
Skullcandy Logs Q2 Loss
Skullcandy Inc. reported a loss of $1.6 million, or 5 cents a share, in its second quarter ended June 30, impacted by costs related to its sale process, litigation, and customer bankruptcies.
Delta Apparel Helped By Improving Margins
Earnings fell, but greater margins resulting from the company’s ongoing manufacturing restructuring helped it beat Wall Street estimates.
Sportsman’s Warehouse Grand Opening in Gillette, WY
Sportsman’s Warehouse is expanding its operations to include a new retail location in Gillette, WY.
Asics Americas Profits Hit By Heightened Competition, Bankruptcy Woes
Asics Corp. reported sales in the Americas slumped 17.3 percent in its first half ended June 30, to ¥59.3 billion ($578.8 mm).
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