SGB Executive Apparel
Aisle Talk, Week Of September 4
Top headlines from the active lifestyle industry you may have missed this week.
Under Armour Emphasizing Activation Over Acquisition
At the Goldman Sachs Annual Global Retailing Conference in New York City, Kevin Plank, Under Armour’s CEO, noted that there’s a “much farther difference” between the number two and three playing in the sporting goods industry than three versus four with its two competitors five to seven times larger than Under Armour. As such, Under Armour has to remain smart about its investments to protect its bottom line. Stated Plank, “We have to be the ones who play ‘Moneyball.’”
Gap, Inc. Sees Potential In Athletic Wear Market
As many retailers have done, Gap Inc. plans to focus on its fitness and lifestyle brand, Athleta, which is on track to reach $1 billion in revenue within the next few years.
Duluth Trading Q2 Boosted By Brick & Mortar Success
Duluth Holdings Inc., the parent of Duluth Trading, reported robust second-quarter earnings that exceeded Wall Street targets as a strong payback from its aggressive store openings helped offset rising shipping costs from online orders.
G-III Apparel Lifts Guidance On Strong Q2, Healthy Order Rate
G-III Apparel Group said its team sports business, which includes its sports licensing operations, “is booked well for fall,” while its core outerwear business is expected to see a healthy fall selling season.
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
Lululemon Q2 Boosted By Online Expansion, To Target Mens
Lululemon’s Q2 benefited from an acceleration of online revenues, improving traffic at its stores, and several product launches. The yoga-themed retailer also revealed plans to introduce its first men’s-focused marketing campaign.
Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
Genesco’s Shares Hit By Profit Warning
Shares of Genesco Inc. lost $4.35, or 17.1 percent, to close at $21.15 on Thursday after the retailer axed its earnings guidance for the year due to sluggish overall mall traffic and weak sales trends at its Lids chain.
Billabong Americas Continues Its Turnaround
Billabong International Ltd. delivered a modest increase in operating earnings before charges in its fiscal year ended June 30, boosted by a strong second half and fueled by the Americas region.
Finish Line’s Shares Tumble On Slashed Outlook
Shares of Finish Line fell $1.92, or 18.5 percent, to $8.50 on Tuesday after the retailer significantly reduced its profit outlook for the full year amid disappointing sales in recent months.
What’s Causing The Delays In Back-To-School Buying?
Whether waiting to see what’s trend-right this fall, holding out for better deals or losing sales to July’s Amazon Prime Day event, the back-to-school (BTS) period continues to find a lot of procrastinators.
Aisle Talk, Week Of August 21
Top headlines from the active lifestyle industry you may have missed this week.
Nike Swim And Golf Lifestyle Boost Perry Ellis’ Q2 Results
Golf Lifestyle Sportswear’s sales increased by mid teens with over 28 percent growth by Callaway apparel as well as strong contributions from PGA Tour, Jack Nicklaus and Ben Hogan. Nike Swim’s gross sales were up double digits.
Tilly’s Q2 Benefits From Traffic Pick Up
Boosted by its strongest in-store traffic seen in several years, Tilly’s Inc. achieved its fifth consecutive quarter of improved year-over-year operating results. Earnings benefited from comp sales growth, gross margin increase and SG&A reductions.
