A strong retro athletic and lifestyle athletic boosted revenues at Journeys to offset a steep decline at Lids and help Genesco deliver fourth-quarter results in line with guidance.
Category: Apparel
Perry Ellis Extends Deadline For Director Nominations
Perry Ellis International announced that its Board of Directors has extended the window in which the company must receive proper written notice of the nomination of a director candidate in connection with its 2018 annual meeting.
Genesco’s Q4 Boosted By Momentum At Journeys
Genesco Inc. reported earnings from continuing operations for the 14-week period ended February 3, 2018, of $56.3 million, or $2.91 per diluted share, compared to earnings from continuing operations of $46.8 million, or $2.40 per diluted share, for the 13-week period ended January 28, 2017. Fiscal 2018 fourth quarter results reflect a benefit of $19.8 […]
Iconix’s 2017 Earnings Slide, Makes Key Debt Payment
Iconix Brand Group Inc. reported earnings in 2017 declined but results were in line with guidance and the company repaid a current debt offering.
VF Corp. Moves Into Performance Running
Stepping into the road running category, VF Corp. reached an agreement to acquire Altra, the maker of road and trail running shoes popular with ultra-runners. While Altra is expected to benefit from VF’s Corp’s expertise in both footwear and apparel, VF secures one of the fastest-growing brands in run specialty.
Adidas Lifts Profitability Target After Robust 2017
Powered by North America and China, Adidas reported yet another quarter and year of strong sales and profit growth. Adidas executives offered an upbeat look at the coming year and increased its 2020 profit target.
Sportsman’s Warehouse CEO To Retire
Sportsman’s Warehouse announced today the retirement of its chief executive officer, John Schaefer. Schaefer also resigned as a member of the board of directors. Jon Barker, the company’s president and chief operating officer, has been appointed as the company’s chief executive officer and has also been appointed to the Board of Directors to fill the vacancy created by Schaefer’s retirement.
Gander Outdoors Prepares For Grand Opening In Flint, MI
The 65,000-square-foot store will be one of eight Gander Outdoor retail locations in Michigan.
TYR Sport Re-Signs Jan Frodeno
TYR Sport announced the re-signing of Olympic Gold Medalist and 2X IRONMAN World Champion Jan Frodeno to its roster of sponsored athletes.
Footaction Debuts ‘Uncover’ Featuring Jonathan Mannion And Freddie Gibbs
Footaction teamed up with photographer Jonathan Mannion and recording artist Freddie Gibbs to debut a new content franchise, “UNCOVER Presented by Footaction.” The conversation, hosted by radio personality Mando Fresko, focused on how lifestyle and culture intersect.
February Retail Sales Increase 4.4 Percent Over Last Year
February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.
Newell Brands Independent Directors Issue Open Letter To Shareholders
Newell Brands mailed a letter to shareholders from the independent members of its Board of Directors detailing their perspective on the upcoming proxy contest with Martin Franklin and his affiliates, under the banner of Starboard Value, LP.
Adidas Lifts Profitability Target After Robust 2017
Adidas AG reported revenue growth accelerated in the fourth quarter, led by China and North America, prompting the company to upgrade its profitability target for 2020.
VF Corp. To Acquire Altra
VF Corp. signed a definitive purchase agreement to acquire the Altra footwear brand from Icon Health & Fitness, Inc.
Dick’s Hopes Healthier Margin Outlook Offsets Top-Line Challenges
Dick’s Sporting Goods said on its fourth-quarter conference call that it’s facing top-line challenges in the hunt and fitness tracker categories as well as the Under Armour brand overall. But stronger product innovation from select key partners and the continued expansion of its private brands are expected to result in less margin pressure in 2018 than previously expected.
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