SGB Executive Apparel
Can ‘Bench Strength’ Bolster REI During Leadership Transition?
As SGB Media reported yesterday, the outdoors world got a jolt with the news that Jerry Stritzke, president and CEO of REI Co-op, had resigned after a board-initiated investigation into his admitted “personal and consensual” relationship with “the leader of another organization in the outdoor industry.” But what impact, if any, will this development have on the industry?
Under Armour Struggles To Revive North America Growth
Under Armour Inc.’s fourth quarter came in better than expected in the fourth quarter due to strong growth internationally and fewer promotions. But sales in North America dropped 6 percent and a return to growth isn’t expected in the region until at least the second quarter. Patrik Frisk, president and COO, “When you’ve lost space on the shelf you got to earn it back and it takes a little bit of time.”
Christoph Engl Seeks New Heights For Oberalp’s ‘Passionate Mountaineers’
Christoph Engl, who last fall was appointed CEO of Oberalp Group—parent company of Salewa, Dynafit, Pomoca and Wild Country—spoke with SGB recently about his goals for the Italian-based company as it looks to grow market share in North America.
Retail Roundup … 7 Reports For February 2019
Retail studies arrived over the last two weeks around the state of influencer marketing, the link between inventory efficiencies and markdowns, turning one-and-dones into recurring customers, brands’ opportunities to “mend A divided nation,” and more…
Oppenheimer Sees Nike’s Shares Cracking $100
Oppenheimer in a note raised its price target on Nike to $100 from $90 due to greater confidence in the company’s ability to continue to improve margins.
Columbia Sportswear Sailing Into 2019 With Broad-Based Momentum
Growth in all channels, all geographies and all brands but one lifted Columbia Sportswear Co. to record revenue for both the fourth quarter and 2018, and the company believes it is riding that momentum to another stellar year. “2018 was a tremendous year for Columbia Sportswear and I’m thrilled to see it end on a high note … ,” said Tim Boyle, Columbia Sportswear’s president and CEO.
Aisle Talk Week Of February 4
Top headlines from the active lifestyle industry you may have missed this week, including a number of former Cabela’s employees, led by Matt Highby, officially launching Highby Outdoors, an e-commerce site focusing on outdoor gear.
Transformation Efforts Pay Dividends For Amer Sports In 2018
Amer Sports, which is close to completing its mega-merger with China’s Anta Sports, reported a “solid” fourth quarter with slightly lower earnings but improving sales momentum. The gains were led by its Arc’teryx and Peak Performance apparel brands, strong DTC growth, and accelerated growth in China and the U.S.
Callaway Golf Teeing Up Jack Wolfskin Strategy
Solid performance across Callaway Golf Co.’s core golf business led to impressive revenue growth in 2018, and now the company is banking on a new division—Jack Wolfskin, which Callaway just acquired—to become an integral asset. For the full year of 2018, Callaway’s net sales increased $194 million, or 19 percent, to $1.2 billion, reflecting increases in each of the company’s operating segments and in each reporting region.
Champion Soars Again In Q4
HanesBrands Inc. said its Champion business, excluding the C9 line being phased out at Target, catapulted 50 percent in the fourth quarter, reached $1.36 billion in the full year, and is well on track to hit $2 billion in annual sales by 2022.
January M&A Roundup: Media Companies Make News As Landscape Shifts
Consumer and trade publications are accustomed to reporting news, but in January companies in the active lifestyle and action sports media made news through a host of acquisitions that could drastically affect industry coverage moving forward.
Delta Apparel Sees Double-Digit Growth In Q1
Delta Apparel said robust growth for its Salt Life brand and digital print business, DTG2Go, drove a 12.5 percent climb in sales in the first quarter ended December 29, along with a spike in profitability excluding non-recurring items. Improving sales at Soffe and continued strength in fashion basics in its activewear business also supported the gains.
Unifi Lowers FY Guidance On Pricing Pressures
Unifi Inc. reported an operating loss in its second quarter ended December 30 and lowered its guidance for its fiscal year. The fibers specialist placed the blame on a spike in raw material costs, suppressed demand in the Americas and a weaker sales mix.
Ugg Powers Deckers Brands To Blowout Holiday Quarter
Tightened segmentation, success reaching men’s, and early cold weather in the U.S. helped drive robust sales for Ugg to help Deckers Brands handily exceed guidance in its holiday quarter. Hoka One One also remained on fire with sales now expected to reach $220 million in its fiscal year.
Aisle Talk Week Of January 28
Top headlines from the active lifestyle industry you may have missed this week, including Moody’e lowering its debt ratings on Academy Sports.
