SGB Executive Apparel
SGB Executive Q&A: Progression Brands Group’s Ian Widmer
Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.
Analyst Sees Nike Taking Share From Adidas And Others
Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.
Retail Reports Roundup
Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.
Department Store Roundup: Nordstrom Shares Soar After Standout Q2
Nordstrom Inc. shares skyrocketed on Friday—the day after a stellar quarterly earnings report—increasing $6.94, or 13.3 percent, at market close to secure the company’s spot as the standout department store performer in the second quarter.
Aisle Talk Week of August 13
Top headlines from the active lifestyle industry you may have missed this week, including VF Corp.’s market-moving news that the company is spinning off its jeans division and relocating to Colorado along with The North Face, Smartwool and other brands.
SGB Executive Q&A: Gore Fabrics Sustainability Leader Bernhard Kiehl
Bernhard Kiehl, the sustainability leader for Gore Fabrics, sat down with SGB recently to discuss the company’s ambitious environmental and chemical management goals, including the milestones achieved and the targets still on the horizon.
VF Corp. Shares Slip After Spinoff, Relocation Announcement
VF Corp. shares fell 3.6 percent Monday after the company announced spinoff and relocation plans. While investors asked “Why now?” about the move, analyst reaction was mostly positive as VF can now target more growth—both organically and acquisitively—in the outdoor and active lifestyle space.
Canada Goose Posts Loss As Expansion Into China Progresses
Canada Goose Inc.’s smallest quarter might have yielded a loss for the apparel maker but revenue soared 58.5 percent in Q1, providing tailwinds ahead of one of the company’s most ambitious 2018 initiatives—expansion into China.
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Adidas U.S. Momentum Continues
Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Gaiam, And1 & Avia Boost Sequential Brands Group’s Q2
Sequential Brands Group Inc.’s active brands of Gaiam, And1 and Avia again drove growth for the parent company in the second quarter, and their performance in brick-and-mortar stores highlighted not only growing market share but resiliency in the channel.
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
Black Diamond’s Global Brand Momentum Fuels Clarus In Q2
The growing strength of the Black Diamond Equipment brand around the world was a primary driver behind the solid second quarter that Salt Lake City, UT-based parent company Clarus Corp. reported on Monday.
Delta Apparel Seeing Benefits From Vertical Manufacturing Model
Delta Apparel said the company’s vertical manufacturing model helped support robust revenue gains at FunTees, the company’s private label apparel business, to drove yet another quarter of earnings and revenue growth. Soffe was stung by declining military sales while Salt Life was down modestly due to poor early-spring weather in the company’s core Southeast market but its sales are re-accelerating in summer months.
