SGB Executive Footwear
The Storyteller: Joe Prebich Outlines Vision For Mammut North America
Joe Prebich, who was appointed CEO and managing director of Mammut North America in April, spoke with SGB at length about the company’s ambitious plans to grow the 156-year-old, Switzerland-based apparel and gear brand’s presence on this side of the Atlantic.
Urban Outfitters Boosted By Macro Fashion Shift
Riding a strong fashion cycle, Urban Outfitters Inc. reported second-quarter profits rose 85.9 percent to $92.8 million, or 84 cents a share exceeding Wall Street’s consensus estimate of 77 cents. Company officials said a changing fashion silhouette is encouraging consumers to replace their wardrobe closets.
TJX Cos. Finding Off-Price Formula Appealing To Youth
Finding younger consumers being drawn to the company’s deal-driven, treasure hunt experience, TJX Cos. raised the company’s full-year forecast after reporting second-quarter results that handily topped Wall Street’s targets.
Nike, Adidas & Under Armour All Deliver For Kohl’s In Q2
Kohl’s Corp.’s trusty trio of active brands—Nike, Adidas and Under Armour—delivered solid sales in the second quarter, helping the department store top analysts’ earnings and revenue estimates as the company also raised guidance for fiscal 2018.
SGB Executive Q&A: Progression Brands Group’s Ian Widmer
Ian Widmer, the founder of Progression Brands Group (PBG) talked to SGB about his company’s unique hybrid equity/management investment structure, the boutique’s investment criteria and the opportunities and challenges facing emering brands in today’s marketplace.
Analyst Sees Nike Taking Share From Adidas And Others
Susquehanna Financial analyst Sam Poser raised his rating and price target on Nike Inc. as channel checks show that the brand is gaining share from Adidas and others at athletic specialty retailers such as Foot Locker, Finish Line and Hibbett, and is also gaining share within the family footwear channel. Piper Jaffray also upgraded the stock.
Retail Reports Roundup
Studies arrived last week on consumers placing a higher priority on newness, online cart abandonment challenges, digital marketing’s effectiveness, strapped consumers and stores associate bonds helping deter shoplifting.
Department Store Roundup: Nordstrom Shares Soar After Standout Q2
Nordstrom Inc. shares skyrocketed on Friday—the day after a stellar quarterly earnings report—increasing $6.94, or 13.3 percent, at market close to secure the company’s spot as the standout department store performer in the second quarter.
Aisle Talk Week of August 13
Top headlines from the active lifestyle industry you may have missed this week, including VF Corp.’s market-moving news that the company is spinning off its jeans division and relocating to Colorado along with The North Face, Smartwool and other brands.
VF Corp. Shares Slip After Spinoff, Relocation Announcement
VF Corp. shares fell 3.6 percent Monday after the company announced spinoff and relocation plans. While investors asked “Why now?” about the move, analyst reaction was mostly positive as VF can now target more growth—both organically and acquisitively—in the outdoor and active lifestyle space.
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Adidas U.S. Momentum Continues
Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Merrell Shines For Wolverine World Wide In Q2
High-teen sales growth from footwear brand Merrell was the clear standout found in Wolverine World Wide Inc.’s solid second quarter ended June 30. Merrell, which Wolverine has owned since 1997, was the first beneficiary of the parent company’s “global growth agenda.”
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
