Nordstrom, Inc. announced an increase in its net sales of 2.5 percent and an increase in comparable sales of 1.2 percent for the nine weeks ended December 30. The department store operator lifted its EPS guidance for the year.
Category: Apparel
Brooks Racks Up Double-Digit Gains In Q4
Brooks Running scored its second consecutive quarter of double-digit growth in the fourth quarter, Jim Weber, CEO, wrote on the company’s blog.
SGB Industry Outlook 2018
Nearly 40 active lifestyle industry executives share their thoughts on where we’re headed next. Comments from Brooks, Smartwool, PGA Tour Superstore, United Sports Brands, Fleet Feet, PrimaLoft, The North Face, Osprey Packs, TRX Training, Wilson, Saucony, SKLZ and others.
Susquehanna Downgrades Under Armour Over Discount-Channel Concerns
Believing it’s making the same mistake as Reebok in selling to lower-tier channels, Susquehanna Financial Group lowered its stock rating on Under Armour to “Negative,” which is essentially a sell, from “Neutral.”
ICSC Sees Robust Holiday Gains
This holiday season saw an increase in consumer spending according to the International Council of Shopping Centers (ICSC), which released its annual Post-Holiday Shopping Survey. This year’s survey showed that the average spend on gifts and other holiday-related items was $841.50 this season, compared to $711 last year, representing a gain of 18.3 percent.
Fanatics Opens Japan Office
The Tokyo-based office will lead the initial expansion of Fanatics’ operations throughout Asia, and strategically aligns with the company’s expansion strategy to grow the licensed sports merchandise industry across key global markets.
Columbia Sportswear To Skip Outdoor Retailer Show
Columbia Sportswear said it has made the “difficult decision” to not attend the Outdoor Retailer + Snow Show in Denver. Arc’teryx is also not attending, according to a report from Gearjunkie.
Headsweats Welcomes New Ambassador Team
Thirty-five outstanding athletes were selected from over 500 applications based upon their personal and athletic accomplishments within their sport.
Outdoor Retailer Sets Education Schedule
Snowsports Industries America (SIA), the non-profit trade association for the winter sports industry, and Outdoor Industry Association (OIA), the non-profit trade association for the outdoor industry, released the Outdoor Retailer + Snow Show Industry + Intelligence schedule and the Outdoor University education schedule.
Moody’s Revises Boardriders’ Rating Outlook To Positive
Moody’s said the combination of Boardriders and Billabong “combines the two premier companies in the global action sports apparel industry with complementary business philosophies, product offerings and geographic footprints, which could potentially drive material cost savings over time.”
Lululemon Still Bullish On North American Expansion
While hiking its guidance for the fourth quarter, Lululemon officials at the ICR Conference Monday laid out some core catalysts expected to drive its North America segment in the years ahead.
Maurice Sporting Goods Completes Sale To Middleton Partners
Maurice Sporting Goods, LLC, one of North America’s largest distributors of outdoor sporting goods, said it’s again set to pursue growth now that it completed its fully capitalized following its acquisition by Middleton Partners.
Big 5 Cuts Q4 Guidance On Weather Woes
Big 5 Sporting Goods Corp. slashed its fourth-quarter earnings guidance as “extraordinarily dry and warm weather conditions” led to a double-digit comp decline in December.
Canaccord Genuity Upgrades Hibbett Sports
Canaccord Genuity hiked its rating on Hibbett Sports to “Buy” from “Hold,” lifted its price target to $30 from $17, and increased its fiscal 2019 EPS target to $2.00 from $1.59 previously.
Kohl’s Lifts Guidance On Strong Holiday Comps
Kohl’s Corp. reported that its total and comparable sales for November and December 2017 combined increased 6.9 percent over the same period last year.
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