Despite growing competition and lower traffic, the seminal athleisure brand grew same-store sales, average ticket and gross margins in the quarter ended July 31.
Category: Apparel
Shift Toward Direct Sales Saps Peak Performance
The Swedish ski, golf and outdoor apparel brand reported lower margins on higher sales in its latest quarter, as it focused on its direct business.
Aisle Talk, Week of August 29
Headlines from the active lifestyle industry this past week you may have missed.
By the Numbers, Week of August 29
The leading figures from this week’s news in the active lifestyle space.
HanesBrands Donates Apparel to Flood Victims in Louisiana
More than 23,000 items of clothing are being donated to residents affected by devastating flooding in Louisiana.
Lululemon Q2 Profit Shines, But Sales Lag
The yoga lifestyle brand and retailer increased sales by 14 percent to $514.5 million, but that came in about $1 million short of Wall Street’s estimates.
New Report Finds Adult Obesity Rates Decreased In Four States
U.S. adult obesity rates decreased in four states (Minnesota, Montana, New York and Ohio), increased in two (Kansas and Kentucky) and remained stable in the rest, between 2014 and 2015, according to The State of Obesity: Better Policies for a Healthier America.
Gander Mountain Opens First Store in Philadelphia Market
The location in Warrington will be the 12th Gander Mountain location in Pennsylvania.
Amer Sports Hits The Gas
The Finnish company will accelerate category expansion and store openings at Arc’teryx and Salomon in a bid to leverage better-than-expected organic growth.
Genesco’s Shares Crash On Disappointing Outlook
The company’s Journeys chain is being hurt by a fashion shift that’s “more pronounced than we have ever seen in the past.”
Under Armour Opens Wisconsin Brand House
Under Armour will open its first Brand House in Wisconsin at 610 State Street in Madison on September 2, steps away from the University of Wisconsin.
Genesco Lowers Guidance On Weak Trends At Journeys
Genesco Inc said that due to adverse fashion shifts at Journeys and poor trading conditions at Schuh, its U.K. chain, it’s lowering its EPS outlook for the year.
Sports Authority Executives Get Their Bonus
After considerable litigation, a federal judge approved a modified bonus program that will pay top executives of the bankruptcy retailer up to $1,425,000.
Fleet Feet Opens Store In San Diego
With the addition of the San Diego location, Fleet Feet Sports now has a total of six locations in southern Californi
Newell Brands Names VP Of Communications
Tom Sanford is the latest high-profile appointment since the April acquisition of Jarden Corp. and its $2.74-billion-a-year sporting goods business.
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