SGB Executive Footwear
May M&A Roundup: Shakeup In Firearms, Outdoor Sectors
Although May was a relatively slow month for mergers and acquisitions activity in the outdoor and active lifestyle space, a few eye-opening transactions dominated headlines because they fell outside the scope of traditional deals.
Caleres Capitalizing On Shift To Digital Demand
Even though Caleres Inc. missed analysts’ first-quarter earnings and revenue expectations, which was followed by shares falling slightly Friday morning, recent strides in e-commerce initiatives bode well for the parent company of a range of footwear brands and Famous Footwear retail stores.
Aisle Talk Week of May 28
Top headlines from the active lifestyle industry you may have missed this week, including the potential for an Eddie Bauer and Pacific Sunwear merger.
Shiekh Shoes To Shrink Significantly As Part of Bankruptcy Exit Plan
As part of the company’s plan to exit bankruptcy proceedings, Shiekh Shoes expects to be operating only 44 stores at the close of 2019, down from 125 when the company first filed for bankruptcy in November. The plan also features minimal payback for trade creditors, expect for Nike.
Tilly’s Shares Surge On Q1 Earnings Beat
Shares of Tilly’s Inc. rose $1.55, or 12.7 percent, to 13.76 Thursday after the action-sports themed retailer reported first-quarter earnings that exceeded internal guidance on improving store traffic and indicated the technical issues that had been derailing e-commerce operations are abating.
Firearms Fallout Fizzles As Dick’s Sporting Goods Surges In Q1
Dick’s Sporting Goods’ recent policy refusing to sell firearms resulted in plenty of PR fallout but it hasn’t affected the retail giant’s bottom line. The Pittsburgh, PA-based company easily beat Wall Street’s estimates for the first quarter ended May 5 through strength in other categories, including an especially solid performance in private label sales, which led to higher margins.
DSW Sees Athleisure Boost In Q1
Continued strength in athleisure and kids, ramped-up marketing investments and a focus on inventory-depth helped DSW Inc. deliver first-quarter earnings that topped Wall Street’s consensus target by 2 cents.
FDRA Spring Survey Shows Even More Footwear Shoppers Heading Online
According to the FDRA’s “Spring 2018 National Shoe Sales Survey,” 35 percent of Americans planned to buy shoes online this spring, up from 31 percent in 2017. Amazon was found to be only increasing dominance as the go-to place for purchasing footwear online.
Foot Locker’s Shares Pop As Q1 Shows Some Recovery
Shares of Foot Locker Inc. jumped 20.2 percent on Friday after the sneaker leader reported first-quarter blasted past Wall Street’s targets. Management credited the arrival of more on-trend footwear styles from top vendors. But the makeup is changing, led by a resurgence for Nike, with many of styles as well as strength in Vans and Fila, offsetting some softening at Adidas, Puma and Converse.
Hibbett Remains Optimistic As Digital Initiatives Ramp Up
The leadership team at Hibbett Sports Inc. fully understands that the company is far behind competitors’ digital investments, but the company is making concerted efforts to catch up, and digital progress showed up in Hibbett’s first-quarter earnings.
All Brands Deliver For Deckers In Q4 But Ugg Stands Out
Revenue growth across the Deckers Brands portfolio—Ugg, Hoka One One, Teva and Sanuk—allowed the Goleta, CA-based footwear company to close fiscal 2018 on a “high note,” said President and CEO Dave Powers.
Strong Athletic Trend Propels Shoe Carnival
”The strong athletic and athleisure trend shows no sign of slowing down,” said Cliff Sifford, president and CEO, on a conference call with analysts.
Aisle Talk Week Of May 21
Top headlines from the active lifestyle industry you may have missed this week.
Nike Acknowledges Diversity Shortfalls In FY16/17 Sustainability Report
In the company’s just-released FY16/17 Sustainable Business Report, Nike Inc. stated that leadership representation for women globally and underrepresented minorities (URM) in the U.S. “have not evolved as fast as we would have liked” since the company’s last sustainability report arrived in 2016. The report also lists an extensive number of steps Nike is taking to improve diversity and inclusion efforts.
LL.Bean Chairman Urges UNH Grads To Lead ‘Adventure-Filled” Lives
In his commencement address for the University of New Hampshire’s 2018 graduating class, Shawn Gorman, L.L.Bean’s chairman, called the outdoors “a critical antidote to this hyper-competitive, hyper-stressed, tech-driven world we live in.” While technology powers the world in wonderful ways, “it will never fill your soul like a sunrise in the mountains,” he said.
