SGB Executive Footwear
Yue Yuen Enters India In Move To Diversify Footwear Manufacturing
Yue Yuen reported diversifying its footwear manufacturing capabilities by entering India to access labor and as it looks for access to manufacturing outside of China. Yue Yuen is China’s largest athletic and outdoor footwear manufacturer, serving some of the more iconic brands in the U.S. and European markets.
OR To Shift 2024 Winter Show To November 2023, Adds January Conference
Outdoor Retailer said that starting November 2023, the Outdoor Retailer Snow Show will shift from early January to November and be rebranded as Outdoor Retailer Winter.
Inside The Call: North America And Digital Power Nike To Q2 Beat
Nike Inc.’s fiscal second-quarter earnings and sales topped Wall Street’s expectations as strong momentum in North America helped offset a steep decline in China. The sportswear giant maintained its guidance for the full year. Major themes on Nike’s analyst call included continued hyper-growth in digital, the Nike One Place reset accelerating Nike’s direct growth, healthy full-price sales, and ongoing, but not-worsening, supply chain disruption.
SGB Media Reports Top Stories Of 2020
SGB Media has reported its Top 20 stories read online in 2020, with the Bass Pro acquisition of Sportsman’s Warehouse and related stories leading the charts. Overall, the SGBonline.com web site had a banner year in readership, recording over 2.5 million page views, a 20 percent increase over 2019.
SGB Media Reports Top 20 Stories For November 2020
SGB Media has revealed its Top 20 read stories on SGBonline.com in November, according to stats compiled by Google Analytics.
SGB Media Sees Surge In Mobile Users As Web Page Views Jump 19 Percent
In a potential sign that the pandemic continues to influence how people consume content and shop, SGB Media saw its online media presence, SGBonline.com, post breakout numbers once again.
Inside The Call: Puma’s Sales Rebound in Q3
Puma’s revenues recovered after posting a decline in the second quarter due to COVID-19 restrictions, climbing 13.3 percent on a currency-neutral basis. The gains were led by the Americas, up 20.7 percent on a currency-neutral basis; and EMEA, ahead 17.7 percent.
Tilly’s Warns On Sluggish Spring Sales
Tilly’s Inc. reported first-quarter earnings and sales both reached the high-end of guidance. But the action sports chain warned of a down second quarter as spring/summer selling has seen a slow start due to cool and wet weather patterns across much of the country, particularly in California.
Trade War Impact Remains Uncertain
On quarterly conference calls last week, executives at both retailers and vendors said the ultimate impact of the tariff war isn’t clearly known, especially if the fourth tranche on $300 billion of imports that hit apparel and footwear items becomes effective. But most reassured analysts they’re taking or have taken steps to mitigate most of the expected damage. Comments from VF Corp, Deckers Brands, Kohl’s, JC Penney, Target, Hibbett Sports, TJX Cos. and Ross Stores.
Skechers Not Worried About Tariffs
Speaking at the 20th Annual B. Riley FBR Institutional Investor Conference, officials at Skechers USA Inc. said they expect no impact from the latest round of tariffs on Chinese goods and feel comfortable that it will be able to make adjustments if another round arrives.
Snipes Takes On U.S. Market
Earlier this year, German-based streetwear retailer Snipes acquired KicksUSA to mark its entry into U.S. retailing. Sven Voth, founder and managing director of Snipes, talks to SGB Executive about the reason for the acquisition and Snipes’ plans for the U.S. market.
How Asics Plans To Regain Its Stride In Run
Following 13 consecutive quarters of declines, Asics returned to growth in North America in the first quarter, led by the Performance Running category’s return to positive growth. In an interview with SGB Executtive, Richard Sullivan, EVP of sales, categories and marketing, Asics North America, discusses the reason Asics returned as title sponsor of the Los Angeles Marathon and its strategies for regaining its leadership positioning in the run category.
Cause Marketing Platforms Not Breaking Through With Gen Z
Several brands in the active lifestyle space, including Patagonia, Nike and Toms, are being recognized for their purpose-driven ethos and related cause-marketing efforts according to an extensive study from DoSomething.org. But the study still found it’s not easy to break through and create belief among consumers.
Wolverine’s Q1 Sales Slowed By Weather, Conservative Re-Orders
Wolverine World Wide reported earnings topped guidance in the first quarter and four of its major brands – Merrell, Saucony, Cat and Wolverine – exceeded internal sales expectations. Overall sales came in below expectations due to a downturn in the boat shoe market and weak re-orders that particularly impacted Sperry.
Sequential Brands’ Active Portfolio Gains Further Traction In Q1
Sequential Brands Group Inc. reported first-quarter earnings on an adjusted basis came in below plan due to transition challenges of licensing agreements at its Fashion segment. The company’s Active brands, led by Gaiam, And1 and Avia, continue to see strong growth
