SGB Executive Footwear
Rocky Brands Profits Rebound As Sales Stabilize
Said Jason Brooks, Rocky Brand’s new CEO, on a conference call with analysts, “Similar to the first quarter, our branded wholesale business showed signs of stabilizing.”
SSI Data: Core Categories Keep Outdoor Footwear Sales Afloat in Calendar First Half
Internet growth easily outpaces brick & mortar gains in the period ended July 1. Outdoor footwear sales grew more than 2 percent in the calendar first half of the year, with strength in hiking boots, backpacking boots and approach footwear offsetting sales declines in outdoor casual footwear and fishing waders. The core functional hiking and […]
VF Lifts Outlook On North Face And Vans Momentum
VF Corp. raised its guidance for the year due to stronger-than-expected growth in the second quarter in its Outdoor & Action sports coalition, driven by its Vans and The North Face; as well as above-plan sales across its its D2C channel, led by digital.
Hibbett’s Shares Crash On Profit Warning
Shares of Hibbett Sports Inc. tumbled $6.60, or 33.5 percent, to $13.10 on Monday after the sporting goods chain warned that second-quarter results would arrive far short of expectations.
Skechers’s Q2 Growth Heats Up
Skechers said it continues to be the leading walk, work and casual footwear brand and is second for the categories of all footwear and all casual athletic.
Aisle Talk, Week Of July 17
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Lays Off 100 In Restructuring
The layoffs, which follow a similar round of layoffs at its largest competitor, Dick’s Sporting Goods, come as the company has “identified new areas of focus where our energy and dollars will make a real difference as we continue to write our strategic growth story.”
Sports Direct’s Profits Dragged Down By Weak Pound
On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.
Dick’s Shutters Chelsea Collective
Dick’s said in a statement provided to SGB Exec: “We opened Chelsea Collective stores as a lab to more thoroughly understand the women’s specialty athletic business. As the leases at both locations are expiring soon, we have concluded the very successful experiment. We have learned a great deal from Chelsea Collective and the valuable insights will be transferred to Dick’s Sporting Goods to better serve our female customers.”
Play It Again Sports Parent Sees Modest Q2 Profit Gain
Winmark Corp., the parent of Play It Again Sports, reported net income for the quarter ended July 1, 2017 of $5.8 million, or $1.29 a share, up from $5.4 million, or $1.25, a year ago, representing a gain of 7.4 percent.
Why Did Mission Apparel Launch On Amazon?
Josh Shaw, founder and CEO of Mission, said, “Mission had a handful of options to launch the new Mission Cooling Apparel line, but none compared to the synergy we saw in Amazon.”
Why Is On Leaving Amazon?
Caspar Coppetti, co-founder and global head of sales, On, stated, “The biggest issue with Amazon is lack of control over the story and experience we know that On customers appreciate. It also doesn’t support our specialty run doors.”
Dick’s Amps Up Price Match Guarantee
Dick’s Sporting Goods on Monday launched an expanded price-match policy that matches nearly all competitor’s online and offline prices, including Amazon, Wal-Mart and vendor websites.
Puma Raises FY Guidance On Q2 Momentum
Puma said it now expects that currency adjusted sales will increase between 12 percent and 14 percent. Previous guidance called for a currency adjusted increase at a low double-digit percentage rate.
How Do The Outdoor Retailer Changes Affect The Media?
While much of the attention has focused on the needs of vendor and retailers, the earlier dates, combined winter show and Outdoor Retailer’s move to Denver will also impact the wide range of media attending the shows. But they don’t solve the challenges caused by the shows becoming more consumer-oriented.
