SGB Executive Apparel
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.”
Ammunition, Apparel Carry Clarus To Robust Q1
Even though Clarus Corp. missed analysts’ estimates on income in the first quarter, the parent company of Black Diamond, Sierra Bullets and Pieps exceeded revenue expectations behind the strength in ammunition and apparel.
Iconix Finds Starter, Umbro Resets Gaining Traction
Iconix Brand Group Inc. reported net earnings again eroded in the first quarter on a 17 percent revenue decline. But results were in line with expectations and Iconix’s management said they’re making progress realigning the company’s brand relationships, including Umbro’s with Target and Starter’s with Amazon.
Pure Fishing Hits The Selling Bock
Pure Fishing, the parent company of well-known fishing brands Berkley, Abu Garcia, Penn, Fenwick, Sterns, Mitchell, Pflueger, Shakespeare, Ugly Stik Spiderwire, among others, has joined Rawlings on the list of businesses Newell Brands is looking to divest.
Aisle Talk Week of April 30
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. CEO Mark Parker (pictured) holding a rare company-wide staff meeting at Nike headquarters to apologize for recent incidents at the company.
Vans ‘Nothing Short Of Outstanding’ in Q1
Vans delivered another record quarter for VF Corp., which rode the footwear brand and the rest of its portfolio to an outstanding first quarter. VF reported earnings of $252.8 million, or 65 cents per share, for the quarter ended March 31, up 20.9 percent from the same quarter a year ago.
Adidas AG’s North American Momentum Continues
Adidas AG said a slowdown in Western Europe and continued weakening the company’s key footwear franchises in the first quarter was more than matched by strong sales momentum overall in North America and Greater China, an accelerating apparel business and strong full-price selling.
April M&A Roundup: What’s In Store For Volcom?
April was relatively quiet with fewer notable deals in the sporting goods, outdoor and lifestyle brand verticals, but some large companies such as Columbia and Nike acquired growth while some brands such as Volcom were put on the market.
