SGB Executive Footwear
Champion Grows Double-Digits In Q4
“We think Champion is doing really well,” said HanesBrands’ CEO Gerald W. Evans Jr. on a conference call with analysts. “It’s got a lot of upside to it from a global standpoint.”
Skechers Delivers Blowout Q4
With all distribution channels delivering double-digit growth, Skechers USA reported fourth-quarter results that came in well above guidance.
Fitness And Outdoor Drive Amer Sports’ Q4 Growth
Amer Sports reported revenues on a currency-neutral basis grew 9.0 percent in the fourth quarter, led by a 14 percent gain by its Fitness segment and an 11 percent climb by its Outdoor segment. The Ball Sports’ segment inched up 1 percent and has been impacted by a “challenging U.S. wholesale market.”
Mizuno’s America’s Q3 Sales Dip 9.3 Percent
Mizuno Corp. reported sales in Americas continued to decline in the third quarter and nine months ended December 31 as the focus remains on improving profitability in the region.
Dick’s Seen Benefiting From Eagles Win And Bat Regulation Changes
J.P. Morgan reiterated its “Overweight” rating on Dick’s Sporting Goods as it expects a “near-term comp” benefit from the Philadelphia Eagle’s Super Bowl win and an equal benefit from new Little League bat regulation.
Active Brands Owed Money In Bon-Ton’s Bankruptcy
Under Armour is owed $1,4 million in the bankruptcy of Bon-Ton Stores. Others in the active space with large unpaid bills include Hanesbrands, Perry Ellis, Skechers and Deckers Brands.
Outdoor Retailer + Snow Show Draws 29,000 Attendees
The Outdoor Retailer + Snow Show, which debuted for the first time in its new home in Denver, drew over 29,000 total attendees, with more than 7,500 verified retail buyers from 60 countries joined with over 1,000 brands for four days.
Aisle Talk, Week of January 29
Top headlines from the active lifestyle industry you may have missed this week.
Deckers Brands Q3 Blasts Past Guidance
Ugg’s 4.3 percent revenue gain was aided by chilly December weather that drove re-orders, store rationalization and enhanced segmentation, and the successful opening up of Macy’s, Amazon and Footaction. Hoka’s sales jumped 65.7 percent and benefited from its expansion into the stability category.
Oppenheimer Upgrades Foot Locker
Oppenheimer upgraded Foot Locker to “Outperform” due to strong innovation arriving from Nike, ongoing momentum at Adidas and a pickup in mall traffic.
Academy Sports Faces Layoffs Again
Following a round of layoffs last summer, Academy Sports + Outdoors said it will be laying off approximately 140 corporate employees largely due to the outsourcing of certain IT functions at the retailer.
Hello Denver! (Take Two)
SGB reached out to a number of attendees of the inaugural Outdoor Retailer + Snow Show and heard largely positive feedback. Comments from Klean Kanteen, Vasque, Bogs, Pro-Tec, Massey Outfitters, OrthoLite, Croakies, Implus, Sweet Protection, Maine Outdoor Brands, Walls Outdoor Goods, Dare 2b, Craghopppers, Free Country, Kamik, MSR and Honey Stinger.
Hello Denver! (Take One)
With healthy traffic in the aisles extending into the last two days of the show for many exhibitors, the inaugural Outdoor Retailer + Snow Show was largely a hit. Comments from SCARPA, LEKI, OOFOS, SIA, Smartwool, Osprey Packs, Kari Traa, Oboz, Mountain Khakis, Downlite Outdoor, Stanley, Honeywell Retail and Seirus. More responses to come Thursday.
Should Boomer Women Fitness Enthusiasts Feel Ignored?
According to a study from JWT London Innovation Group, older Boomer women “feel invisible or ‘edited-out’ when it comes to the leisure and fitness category.”
Susquehanna Sees VF Benefiting from Entrepreneurial Spirit
Susquehanna lifted its estimates and price targets on VF Corp. in part due to a greater entrepreneurial push across brands being established by Steve Rendle, who became CEO at the start of 2017.
