SGB Executive Apparel
Adidas Winning, Nike And Under Armour Losing With Teens
According to Piper Jaffray’s Taking Stock With Teens research survey, Adidas, Vans, Birkenstock and Supreme are seeing some of the biggest gains in earning teens’ affection. The losers among the larger bands in the active space include Nike, Ugg and Under Armour.
Camping World Snaps Up Uncle Dan’s
Camping World said the acquisition of Uncle Dan’s will position the company for further growth to its expanding e-commerce platform at udans.com, by increasing customer reach and adding new quality product offerings.”
Activist Group Pushes For Major Changes At Deckers Outdoor
Marcato Capital Management, in its proxy statement seeking to replace all 10 Deckers Outdoors’ directors with its own squad, detailed an extensive plan to reimagine Deckers, including the sale of non-core Ugg brands, a rash of store closings, additional cost-reduction initiatives, and aggressive stock buybacks
Russell Looks To Build On Retail Momentum
As detailed in a letter to dealers last week, Russell Athletic has decided to exit the team uniform business. But it’s only because management feels it required more emphasis on bigger opportunities on the consumer retail side of the business, Matt Murphy, Russell’s VP of marketing, said in an interview with SGB.
Aisle Talk, Week Of October 2
Top headlines from the active lifestyle industry you may have missed this week.
Merry Holiday Forecasts Arrive
The NRF (National Retailer Federation) became the latest organization predicting robust sales for the holiday season. Gains are expected to be helped by low unemployment, rising stock markets and another year of double-digit online spending gains.
Susquehanna Downgrades Finish Line On Recent Run-Up
Susquehanna Financial Group lowered its rating on The Finish Line to “Neutral” from “Positive” because the stock’s recent spike in price now “fairly reflects the probability of a takeout by Sports Direct.”
Russell Throws In The Towel On Uniforms
Kevin Reber, VP of sales, Russell Athletic, said in a letter to team dealers, “We are proud of our heritage, but to build lasting relationships with a new generation of athletes, we will need to focus our efforts and play to our strengths.”
Aisle Talk, Week Of September 25
Top headlines from the active lifestyle industry you may have missed this week.
Women’s Footwear Standout Performer During 2017 Back-To-School Season
Adidas brand led the charge with 70 percent growth in women’s athletic footwear sales over the back-to-school season, according to recent reports released by SSI Data.
Zumiez Focuses On Culture And Newness
Zumiez’s focus on employee empowerment and commitment to new brands continues to be the cornerstones of its success, Chris Work, its CFO, said Thursday at the B. Riley 3rd Annual Consumer Conference.
Will Sports Marketing Change Post-Bribery Scandal?
Will the arrest of Jim Gatto, the director of global sports marketing at Adidas, in the college basketball bribery scheme soon lead to charges against other sports industry execs and an overhaul of sports sponsorships?
Nike’s U.S. Challenges Continue
Andrew Campion, Nike’s CFO and EVP, said on a conference call with analysts, “Given all of these dynamics, just one quarter into the year, it’s unclear, and I wouldn’t say precisely where North America will land for the full fiscal year.”
Mission Gets Its Own Heat Lab
In an interview with SGB, Josh Shaw, founder and CEO of Mission, said that beyond apparel, the lab will provide research into beverages, wearables and other areas. Said Shaw, “It’s going to be used to really further all elements related to heat safety.”
Bass Pro And Cabela’s Celebrate Merger Closing
With a video declaring the two companies were “Moving Forward Together,” Bass Pro on Monday celebrated the closing of its $4 billion merger with Cabela’s.
