SGB Executive Footwear
Dick’s Touts Growth Opportunities In Footwear And Apparel
Speaking last week at the Bank of America Merrill Lynch Consumer and Retail Technology Conference, Dick’s Sporting Goods’ officials elaborated on its exit from the fitness tracker category and challenges in firearms. But much of its presentation was spent discussing growth opportunities on the footwear and apparel side with brands including Nike, Adidas, Brooks and Patagonia as well as its numerous private labels.
Puma Looks At Basketball To Continue U.S. Momentum
At Puma’s Capital Markets Day, Bjørn Gulden, CEO, said re-entering the basketball category becomes the 6th priority in its turnaround plan as it aims to regain a foothold in American sports.
FDRA President Discusses Impact Of Proposed Higher Tariffs
SGB Executive talked to FDRA President Matt Priest about the impact the Trump Administration’s proposed higher tariffs will have on companies and consumers.
Hibbett Looks To Build On Q4 Momentum In 2018
Hibbett Sports’ earnings fell, as expected, in the fourth quarter due to the promotional marketplace. But results were better-than-expected coming into the quarter due to an acceleration in its e-commerce business and strength in sportswear and overall footwear offerings.
L.L. Bean Forgoes Bonuses After Challenging Year
With sales coming in slightly down in 2017, L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring.
Golf and Nike Swim Drive Perry Elllis’ Q4 Growth
Perry Ellis International reported sales its Golf segment grew 20 percent in the fourth quarter ended February 3 while Nike Swim saw healthy gains.
Zumiez Misses Q4 Guidance On European Write-Offs
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent but came in below guidance due to write-offs for its European operations.
Aisle Talk, Week of March 12
Top headlines from the active lifestyle industry you may have missed this week.
Journeys Momentum Offset Lids Woes To Salvage Genesco’s Q4
A strong retro athletic and lifestyle athletic boosted revenues at Journeys to offset a steep decline at Lids and help Genesco deliver fourth-quarter results in line with guidance.
Caleres Sees Continued Strength In Sports-Inspired Sneakers
Said CEO Diane Sullivan, “As you would expect, we’re seeing anything that’s sport-related continues to be very strong, not only in sneakers but also in trainers. And actually even sport sandals right now look to be very strong.”
VF Corp. Moves Into Performance Running
Stepping into the road running category, VF Corp. reached an agreement to acquire Altra, the maker of road and trail running shoes popular with ultra-runners. While Altra is expected to benefit from VF’s Corp’s expertise in both footwear and apparel, VF secures one of the fastest-growing brands in run specialty.
Adidas Lifts Profitability Target After Robust 2017
Powered by North America and China, Adidas reported yet another quarter and year of strong sales and profit growth. Adidas executives offered an upbeat look at the coming year and increased its 2020 profit target.
DSW Sees First Annual Earnings Gain In Four Years
Capitalizing by being able to chase stronger-than-expected demand for cold weather boots, DSW Inc. delivered fourth-quarter earnings that beat plan, enabling the off-pricer to show its first year of adjusted earnings growth since 2013.
Dick’s Hopes Healthier Margin Outlook Offsets Top-Line Challenges
Dick’s Sporting Goods said on its fourth-quarter conference call that it’s facing top-line challenges in the hunt and fitness tracker categories as well as the Under Armour brand overall. But stronger product innovation from select key partners and the continued expansion of its private brands are expected to result in less margin pressure in 2018 than previously expected.
Tilly’s Q4 Derailed By E-Com Snafu
Tilly’s Inc. reported earnings that came in at the low end of projections and same-store sales that missed guidance as online sales were disrupted by a system upgrade. Management remained bullish on continued improvement in 2018.
