SGB Executive Footwear
Aisle Talk, Week of January 22
Top headlines from the active lifestyle industry you may have missed this week.
Outdoor Retailer + Snow Show off to Strong Start
“2017 was wild. 2018 is our new beginning,” said Marisa Nicholson, show director for Outdoor Retailer Thursday morning at the annual OIA Industry Breakfast. “The beginning of a more unified industry as we welcome our friends from the snow sports industry.”
Susquehanna Upgrades Dick’s SG To Positive On Weather Benefit
Believing the retailer’s fourth-quarter results should surprise on the upside given management’s conservative guidance and the benefits of cold weather, Susquehanna Financial Group raised its rating on Dick’s Sporting Goods to “Positive” from “Neutral.”
Sheikh Shoes To Pursue Sale
Shiekh Shoes, in bankruptcy proceedings since November 29, is now exploring a sale of the chain as well as a reorganization with current owners.
Amazon Already Dominant Website For Buying Apparel
Amazon, which has ramped up its investments in the apparel space in only the last few years, appears to have quickly become the leading place consumers buy apparel online, according to a new survey from CPC Strategy.
Wedbush Lifts Rating On Nike On Potential NA Return To Growth
Wedbush upgraded Nike to “Outperform” from “Neutral” due to its expectation that margins should start improving by its spring (May 2018) quarter and greater confidence in a return to growth in North America in its fiscal year ended May 31, 2019.
Aisle Talk, Week Of January 15
Top headlines from the active lifestyle industry you may have missed this week.
Telsey Advisory Group Upgrades Foot Locker
Telsey Advisory Group (TAG) upgraded Foot Locker to “Outperform” as the investment boutique expects the sneaker chain’s comps can turn positive as a strong lineup of product launches arrives.
CES 2018: Sports Tech’s Highlights
Artificial intelligence, sensors embedded in apparel, the quantified self and gamification were some underlying themes across the sports and fitness-related products that landed at CES 2018. Black Box VR, Garmin, Peloton, Myant, L’Oreal and Sony were among the brands earning some hype.
Buckingham Research Hikes Dick’s To Buy
Buckingham Research raised its rating due to the potential bottoming of domestic athletic cyclical pressures, an improving vendor product pipeline set to arrive in the second half of 2018, and an eventual payback from its strong partnerships with the industry’s key branded players: Nike, Adidas and Under Armour.
Macquarie Capital Downgrades Under Armour To Underperform
Macquarie Capital downgraded its rating on Under Armour to “Underperform” due to sales, margin and capital concerns. Sales In North America are expected to be pressured by the speculated exit out from tennis and some outdoor categories as well as continued challenges from Academy Sports & Outdoor.
Deutsche Bank Upgrades Dick’s On Signs Of Stabilizing Industry
Deutsche Bank upgraded its rating on Dick’s Sporting Goods to “Buy”’ due to the signs of more-favorable trends in footwear and inventory pressures across the industry lessening.
Will Puma Be Better Off On Its Own?
On a call with media, Bjørn Gulden, CEO of Puma, said the spinoff from Kering will enable Puma to “continue with our current business strategy that has started to show some good results. We would be able to carry on to invest in becoming the fastest sports brand in the world to create value for our retailers, to improve performance for outlets and, of course, excite consumers.”
Aisle Talk, Week Of January 8
Top headlines from the active lifestyle industry you may have missed this week.
Shiekh Shoes Battles Over DIP Financing Replacement
Shiekh Shoes, in bankruptcy proceedings since November 29, is seeking court approval for a new $5 million term loan on more generous terms from the owner’s brother to replace its debtor-in-possession facility. However, Comvest, a junior secured lender, has objected to the new financing and is pushing for a liquidation.
