SGB Executive Apparel
Kohl’s Delivers Blow-Out Q1 On Active Strength
Led by 10 percent comp growth in its active assortments, Kohl’s Inc. reported first-quarter earnings that easily topped Wall Street’s targets and lifted its guidance for the year. Nike, Under Armour and Adidas led the active gains and the department-store operator is planning a 30-store test that will see square footage dedicated to active expand by 40 percent.
The Running Event Has A New Owner
Oakley Dyer, corporate vice president, strategy & corporate development, Diversified Communications, told SGB Executive, “We always look for industries that have a need for face-to-face interactions for buyers and sellers as well as a need for content and education. The Running Event and Running Insight fit this perfectly.”
U.S.-China Trade War ‘On Hold’ … But Should Companies Remain Wary?
The looming trade war with China that dominated headlines all spring and forced U.S. companies to fear heavy tariffs on their imports is now on hold. But is it really?
Nike’s COO Eric Sprunk Urges Montana Grads To ‘Have A Bias For Action’
Standing in as the commencement speaker for the 2018 graduating class of the University of Montana, Eric Sprunk, Nike Inc.’s COO and former UM alum, urged graduates to “be somebody who actually does something,” “continue learning the rest of your life” and “fail forward.”
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.
Aisle Talk Week Of May 14
Top headlines from the active lifestyle industry you may have missed this week.
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.
