Shares of Zumiez Inc. shot up on Friday after the action-sports themed chain reported better-than-expected fiscal second-quarter results and provided strong guidance for the third quater.
Category: Apparel
Aisle Talk, Week Of September 4
Top headlines from the active lifestyle industry you may have missed this week.
Charles River Ugrades Website
The new site has a clean, uncluttered design, improved functionality and richer online content to better serve the company’s customers.
Nikwax Awards KNS Reps Agency Of The Year
Nikwax named KNS Reps as its Agency of the Year. KNS has represented Nikwax in the Rocky Mountain region for multiple years.
EORA And NESR Merge
The merged organization will maintain two regional offices in Massachusetts and North Carolina while bringing together 660 reps into its combined membership.
Zumiez’s Q2 Tops Guidance On Improved Top-Line Growth
Zumiez Inc. reported a lower-than-expected loss in the second quarter with the help of a rebound in same-store sales.
Cherokee Sees Q2 Loss
Cherokee Global Brands reported revenues declined in the second quarter ended July 29 due to the exit of the Cherokee brand from Target that were only partly offset by revenues from new licensing deals for Hi-Tec.
Columbia Sportswear Announces Management Appointments At Prana And Columbia Sportswear Brands
Columbia Sportswear Co. said Russ Hopcus will be appointed president of the Prana brand. Joe Craig will replace Hopcus as SVP, North America sales for the Columbia brand.
Under Armour Emphasizing Activation Over Acquisition
At the Goldman Sachs Annual Global Retailing Conference in New York City, Kevin Plank, Under Armour’s CEO, noted that there’s a “much farther difference” between the number two and three playing in the sporting goods industry than three versus four with its two competitors five to seven times larger than Under Armour. As such, Under Armour has to remain smart about its investments to protect its bottom line. Stated Plank, “We have to be the ones who play ‘Moneyball.’”
Downlite Sets Executive Succession And New Organizational Structure
After 10 years as chief executive officer of family-owned Downlite, James Lape is retiring and passing his torch to Josh Werthaiser, former Downlite CFO.
Gap, Inc. Sees Potential In Athletic Wear Market
As many retailers have done, Gap Inc. plans to focus on its fitness and lifestyle brand, Athleta, which is on track to reach $1 billion in revenue within the next few years.
Duluth Trading Q2 Boosted By Brick & Mortar Success
Duluth Holdings Inc., the parent of Duluth Trading, reported robust second-quarter earnings that exceeded Wall Street targets as a strong payback from its aggressive store openings helped offset rising shipping costs from online orders.
G-III Apparel Lifts Guidance On Strong Q2, Healthy Order Rate
G-III Apparel Group said its team sports business, which includes its sports licensing operations, “is booked well for fall,” while its core outerwear business is expected to see a healthy fall selling season.
Duluth Holdings Sees Q2 Revenues Climb 31 Percent
Duluth Holdings Inc. reported earnings rose 18.4 percent in the second quarter ended July 30 on a 31 percent revenue gain.
Synovus Receives Regulatory Approval To Complete Cabela’s Transaction
Synovus Bank, a wholly-owned subsidiary of Synovus Financial Corp., said it received regulatory approval from the Board of Governors of the Federal Reserve System to acquire certain assets and assume certain liabilities of World’s Foremost Bank (WFB), the credit card operation of Cabela’s Inc.
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