SGB Executive Apparel

Macy’s, Dillard’s Lead Department Store Performance In Q1

Department stores have seen diverging performances in the first quarter. Of the stores that reported earnings in the past week, Macy’s and Dillard’s exceeded Wall Street expectations on income and revenue, while Nordstrom improved income and revenue but missed on comparable sales and J.C. Penney stumbled.

Boot Barn Tops Guidance On Double-Digit Comp Growth

Boosted by significant improvement in the retailer’s ladies business and the roll out a new performance-boot platform, Boot Barn reported same-store sales grew 12.1 percent in the fourth quarter ended March 31 while earnings came in well ahead of guidance.

Patagonia CEO: Public Lands Stance Having ‘Positive Effect On Business’

Patagonia CEO Rose Marcario has again spoken out in defense of her company’s campaign against the current administration’s attack on public lands, telling the popular podcast Recode Decode the stance has had a “positive effect on business” and that Patagonia is poised to have its “best [sales] year ever.”

Fanatics Hires Joe Bozich As First COO, Fanatics Brands

Fanatics Inc, has hired Joe Bozich, founder of  Knights Apparel, as the first ever COO of Fanatics Brands, the company’s in-house apparel division, as the company continues ramp up vertical-manufacturing capabilities. In an interview with SGB, Fanatics Brands President Raphael Peck said Bozich will particularly focus on wholesale execution.

Champion Projected To Reach $2B In Sales By 2022

At the company’s Investor Day Meeting on Tuesday, HanesBrands’ officials set a goal of having Champion’s global sales reach more than $2 billion by 2022, up from $1.4 billion in 2017. The growth is expected to driven by expanded lifestyle offerings driven by its newfound cachet in fashion circles, aggressively expanding direct-to-consumer and expanding Champion’s geographic reach.

The Spring Of Nike’s Discontent

March, April and May should be a time for Nike Inc. to focus on promoting new products and growing North American revenue, but this spring the global footwear giant has instead been stumbling over accusations of workplace harassment, which has led to a host of high-profile executive departures

Foot Locker’s Dick Johnson Stands Up For Brick & Mortar

Speaking at FDRA 2018 Executive Summit held in Washington, D.C., Dick Johnson, chairman, president and CEO of Foot Locker Inc., said, “Some people think that it’s negative baggage that we have over 3,000 stores around the world. We don’t see it that way. We think it’s very much a positive.”

Behind The Deal: Canadian Tire Goes Global With Helly Hansen

Canadian Tire Corp.’s acquisition of iconic outdoor brand Helly Hansen from Ontario Teachers’ Pension Plan for US$771 million fulfills two goals for the diversified company—bolster the company’s core business and extend the company’s reach across the globe.

Aisle Talk Week Of May 7

Top headlines from the active lifestyle industry you may have missed this week, including Herschel Walker (pictured) being appointed to President Trump’s Council on Sports, Fitness and Nutrition.

SGB Executive Q&A: Helly Hansen CEO Discusses Sale To Canadian Tire

Helly Hansen is being sold to Canadian Tire Corp. for about $771 million in a deal announced early Thursday, but don’t look for sweeping changes at the iconic Norwegian outdoor brand. Helly Hansen CEO Paul Stoneham (pictured, pointing) spoke with SGB about what’s in store for the company moving forward.

Mizuno Americas Sales Lag, Profitability Recovers

Mizuno Corp.’s sales slid 14.2 percent in the Americas region in its fiscal year ended March 31. But the decline was partly due to efforts to clean up inventories and reduce lower-margin sales that bolstered underlying profitability. Some sales recovery was predicted for the Americas region in the years ahead.

Gaiam, And1 And Avia Gaining Traction For Sequential Brands In Q1

Sequential Brands reported a loss on flattish sales in the first quarter, but results were slightly above expectations and the company’s three key active brands, Gaiam, And1 and Avia, are all seeing momentum at retail. Revo, the sunglass brand, was divested during the quarter.

Asics Americas Q1 Sales Drop 27 Percent

Asics Corp.’s sales in the American region fell 26.6 percent in the first quarter on a reported basis and 23.3 percent on a currency-neutral basis, to ¥21.9 billion ($200 mm). The decline was attributed to “weak sales in the U.S.”