SGB Executive Footwear
Asics Americas Q1 Sales Drop 27 Percent
Asics Corp.’s sales in the American region fell 26.6 percent in the first quarter on a reported basis and 23.3 percent on a currency-neutral basis, to ¥21.9 billion ($200 mm). The decline was attributed to “weak sales in the U.S.”
Crocs’ Branding Campaign Paying Dividends
Crocs Inc.’s “Come As You Are” branding campaign is paying off for the company in measurable and impressive ways. Crocs reported first-quarter earnings of $12.5 million, up 73.6 percent, as sales of $283.1 million improved 5.7 percent while operating expenses declined.
Iconix Finds Starter, Umbro Resets Gaining Traction
Iconix Brand Group Inc. reported net earnings again eroded in the first quarter on a 17 percent revenue decline. But results were in line with expectations and Iconix’s management said they’re making progress realigning the company’s brand relationships, including Umbro’s with Target and Starter’s with Amazon.
Aisle Talk Week of April 30
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. CEO Mark Parker (pictured) holding a rare company-wide staff meeting at Nike headquarters to apologize for recent incidents at the company.
Vans ‘Nothing Short Of Outstanding’ in Q1
Vans delivered another record quarter for VF Corp., which rode the footwear brand and the rest of its portfolio to an outstanding first quarter. VF reported earnings of $252.8 million, or 65 cents per share, for the quarter ended March 31, up 20.9 percent from the same quarter a year ago.
Golf Club Sales Drive Acushnet’s Q1 Performance
Strong demand for Titleist golf clubs–most notably the 718 irons, Vokey SM7 wedges and Cameron Select putters–helped drive parent company Acushnet Holdings Corp.’s strong first quarter.
Adidas AG’s North American Momentum Continues
Adidas AG said a slowdown in Western Europe and continued weakening the company’s key footwear franchises in the first quarter was more than matched by strong sales momentum overall in North America and Greater China, an accelerating apparel business and strong full-price selling.
Big 5 Wacked By Weather Woes In Q1
Big 5 Sporting Goods reported that a lack of cold weather crushed its winter business early in the first quarter while the arrival of chilly weather restrained its spring business later in the quarter.
Under Armour Elevates ‘Loud Brand, Quiet Company’ Focus
A mostly positive first quarter that saw Under Armour Inc. beat analyst expectations on earnings and revenue has the company doubling down on the “loud brand, quiet company” strategy announced earlier this year.
Champion Shines Again For HanesBrands In Q1
HanesBrands Inc. said Champion’s sales outside of the mass channel in the U.S. catapulted over 50 percent in the first quarter, driven by strong consumer demand, space gains in the specialty channels and growth in the online channel.
SGB Executive Q&A: Hibbett Execs Discuss New App, Digital Strategy
Jeff Rosenthal and Bill Quinn of Hibbett Sporting Goods spoke with SGB Executive about how the company’s newly unveiled app fits into the retailer’s digital strategy and was designed to meet consumers’ shopping and buying demands.
SGB Executive: Q&A with Matt O’Toole, President, Reebok
SGB Executive talked to Matt O’Toole, Reebok’s president, about the fitness-first brand’s headquarter’s move to the heart of Boston, the Muscle Up turnaround strategy, and untapped growth opportunities.
Aisle Talk Week Of April 23
Top headlines from the active lifestyle industry you may have missed this week.
Columbia’s Strong Q1 Sparks $10M Investment Plan
An impressive first-quarter performance not only increased Columbia Sportswear Co.’s sales expectations for 2018 but also bolstered plans for the company to invest $10 million in e-commerce and other capabilities in the second half of the year.
Amer Sports’ Q1 Boosted By DTC, China And Arc’teryx
Amer Sports’ operating earnings before charges rose 14 percent in the first quarter, boosted by robust growth across its DTC channels and in China as well as strong momentum for Arc’teryx, Precor and Sunto.
