SGB Executive Footwear
The Rockport Co. Files For Chapter 11 Bankruptcy; CEO Resigns
The Rockport Co. has filed Chapter 11 bankruptcy in a U.S. District Court in Delaware and intends to file a motion seeking authorization to pursue an auction and sale process.
Yue Yuen Manufacturing Business Revenues Falls 10.8 Percent In May
Yue Yuen Industrial (Holdings) Limited, a subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for May was $701.0 million against $758.0 million a year ago, a 7.8 percent decline versus the year-ago month.
Yue Yuen Warns On Q1 Profit Decrease As Footwear Manufacturing Contracts
Footwear manufacturing powerhouse Yue Yuen Industrial (Holdings) Limited is expected to record a decrease of 40 percent to 45 percent in profit attributable to owners of the company as compared to profit of $88.6 million for the corresponding three-month period in 2022.
Stella Intl Sees Q1 Factory Revenues Slide As Athletic And Casual Brands Pull Back
Stella International Holdings Limited, a developer, manufacturer and retailer of footwear and leather goods, reported that first-quarter revenues decreased 25.8 percent to approximately $284.6 million, compared to revenue of about $383.3 million for the comparable 2022 period.
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.
