SGB Executive Footwear
Adidas Q3 Boosted By North America And China
The Adidas brand, which grew 13.6 percent on a currency-neutral basis in the quarter, was led by growth of 31 percent in North America, 28 percent in Greater China and 39 percent across global e-commerce.
Christy Sports Expands Rocky Mountain Reach
Randy England, director of marketing at Christy Sports, told SGB, ”BD allowed us the opportunity to expand our footprint in Telluride and venture into a new market, Taos. They are a respected fixture in specialty ski retail with an outstanding reputation for customer service, like Christy Sports.”
Aisle Talk, Week Of November 6
Top headlines from the active lifestyle industry you may have missed this week.
Gander Mountain’s Return Now Set For 2018
Camping World has delayed the opening of its first Gander Outdoors locations until the first quarter but still expects to open 55 to 65 in 2018. Along with Overton’s, TheHouse.com, and Uncle Dan’s, Camping World expects its acquired outdoor lifestyle businesses to drive “north of $300 million” in revenues by 2019.
Mizuno’s Americas Sales Decline 7 Percent In Q2
Mizuno Corp’s sales declined 7.4 percent in the second quarter ended September 30 in the Americas region, improving from a 10.0 percent drop seen in the first six months of the year.
Sequential Brands Logs Loss On Impairment Charge
Sequential Brands reported a loss of $24.2 million, or 38 cents a share, in the third quarter, after taking an impairment charges of $36.5 million to write-down the value of the trademarks of five of non-core brands: Revo, Nevados, Caribbean Joe, Franklin Mint, and FUL. And1, Avia and Gaiam all performed well during the quarter.
Parent Of Titleist Eying Golf Recovery In U.S.
David Maher, COO, Acushnet Holdings, stated, “It is encouraging that the U.S. retail market is weathering its structural correction fairly well. The general consensus from our trade partners is that they are faring better now than they did in 2016 or 2015 as there are fewer competitive doors and a greater percentage of their sales is generated from inline products.”
Wolverine’s Revenues Continue To Recover
Boosted by an uptick in sales at Merrell and Saucony, Wolverine World Wide reported its second consecutive quarter of underlying growth. Merrill and Saucony grew mid-single digits, Chaco jumped strong double-digits and Wolverine brand gained low-single digits. Sperry was down mid-single digits.
Crocs Profits Recover, Revenues Stagnate
While Crocs’ third quarter showed that its bottom-line to benefit from cost-cutting initiatives and focus on higher-margin sales, top-line growth remains a struggle and management inferred that sales would be flat in 2018.
Under Armour Upgraded Due To Re-Accessed Expectations
In a note, Susquehanna analyst Sam Poser that while Under Armour’s business “will be challenging for some time,” the downside to owning the stock is “more limited as UAA may have set the bar low enough to allow the company to hit the reset button.”
Asics Sales Slides 4.4 Percent In North America In Q3
Sales in the U.S. were down 11.4 percent on a currency-neutral basis in the first nine months of 2017.
Aisle Talk, Week Of October 30
Top headlines from the active lifestyle industry you may have missed this week.
Gildan Activewear’s Top-Line In Q3 Impacted By Sock Slowdown
The overall sock business was down in the quarter due to weak demand in the sock category, particularly for higher-margin sock brands in department stores, national chains, and sporting goods.
Champion’s Sales Climb Double Digits In Q3
Asked if the Champion brand is feeling pressure from the promotions being employed by Nike and Under Armour to reduce inventories in the U.S. market, Gerald Evans, HanesBrand’s CEO, said the core Champion business “was up 20 percent in our sporting goods and department store mid tiers. We now have the TSA bankruptcy behind us and we saw nice growth in our Sports License Apparel business as well.”
Big 5 Gaining Market Share Out West
Shares of Big 5 Sporting Goods jumped on Wednesday after the West Coast-based chain indicated it’s holding onto market share gained from the exit of older competitors (Sports Authority, Sports Chalet) while faring well against a newer competitor (Dick’s).
