Dick’s Sporting Goods’ recent policy refusing to sell firearms resulted in plenty of PR fallout but it hasn’t affected the retail giant’s bottom line. The Pittsburgh, PA-based company easily beat Wall Street’s estimates for the first quarter ended May 5 through strength in other categories, including an especially solid performance in private label sales, which led to higher margins.
Category: Apparel
Russian Football Union Extends Partnership Agreement With Adidas
The Russian Football Union (RFU) IS extending the group’s cooperation agreement with Adidas until 2022.
Tilly’s Beats On Income, Revenue In Q1
Tilly’s Inc. reported net income for the fiscal first quarter ended May 5 of $1.2 million, or 4 cents per diluted share, compared to a net loss of $(0.2) million, or (1) cent per share, a year ago, beating analysts’ estimates by 3 cents.
Agenda Parent Company Reed Exhibitions Appoints VP of Marketing
Reed Exhibitions, the parent of the Agenda trade show, hired former head of marketing at Men’s Journal Rob Weinstein as VP of marketing. He will head ReedPOP West’s marketing team, currently overseeing five events, which include Agenda Shows, Agenda Festival and ComplexCon.
Asics Partners With Live Nation
Asics America Corporation is teaming up with Live Nation as an exclusive footwear sponsor across select venues and festivals in the US and Canada.
Dick’s Raises Guidance After Robust Q1
Dick’s Sporting Goods Inc. raised the company’s outlook for the year after reporting first-quarter earnings that came in well above Wall Street’s consensus target. Same-store sales dipped 2.5 percent.
Golf Rounds Tumble In April
According to Golf Datatech, golf rounds played on a national level were down 13.5 percent April 2018 compared to April 2017.
What Does Canadian Tire-Helly Hansen Deal Mean For Outdoor Retail?
Canadian Tire Corp.’s recent $771 million acquisition of Helly Hansen resonated across the outdoor world for its sheer novelty—a retailer has never bought such an established, iconic brand at such an eye-popping price. But does it signal a trend of similar deals happening across the industry?
NRF Disappointed Over China Tariffs
NRF President and CEO Matthew Shay said in a statement, “China’s trade practices raise serious concerns, but job-killing tariffs aren’t the answer. As the U.S. and China prepare for another round of negotiations, we hope the administration has clearly defined objectives and concrete solutions to resolve this trade dispute without tariffs.”
RYU Apparel’s Sales Vault In Q1
RYU (Respect Your Universe) Apparel Inc., the maker of urban athletic apparel, reported revenue in the first quarter of 2018 was Canadian $907,915, 94 percent higher than year-ago levels.
Report: Eddie Bauer, Pacific Sunwear Exploring Merger
Eddie Bauer and Pacific Sunwear, both owned by private-equity firm Golden Gate Capital, could merge in a play that would shrink store count from their combined 700 locations, sources told Reuters.
Academy Sports Opens New Store In Matthews, NC
Academy Sports + Outdoors now has 12 stores throughout North Carolina and four in the Charlotte metropolitan area.
American Hiking Society Announces 2018 National Trails Fund Recipients
The National Trails Fund gives trail clubs and land managers the necessary funding to complete critical trail projects across the country, thanks to the support of the fund’s Charter Sponsor, L.L.Bean.
United By Blue Launching Nationwide Cleanup Road Trip
From June to August, United By Blue will be co-hosting 21 cleanups across the country with retail partners and volunteers. By the end of 2018, the sustainable outdoor apparel and lifestyle brand will have performed a waterway cleanup in all 50 states.
The Buckle’s Q1 Profits Climb 12 Percent
The Buckle Inc. announced that net income for the fiscal quarter ended May 5, 2018 was $18.3 million, or 38 cents a share, up from $16.3 million, or 34 cents, a year ago.
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