SGB Executive Footwear
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.
Study: Inactivity Rates Among Low-Income Households Near Historic Levels
The 2018 Physical Activity Council Participation Report finds a moderate rise in participation for many sports and activities, including fitness sports, outdoor sports and winter sports. On the downside, the study identified a continuing trend toward the affluent getting more active while the less affluent are becoming more inactive.
Bass Pro Provides Update On Cabela’s Future In Sidney, NE
In a note to the media on Thursday, Bass Pro said 680 of Cabela’s corporate employees had applied for a voluntary buyout plan and that 290 would be leaving the company this week. A full-page ad in the Wall Street Journal also went out to support Bass Pro’s goal of donating any unused space in Cabela’s offices to bring jobs to the city of Sidney, NE. Full details here.
Dorel Sports Returns To Growth In Q4
”Despite a continued weak global bicycle market, Dorel Sports grew its top-line in Q4 improving considerably from the third quarter driven by strong performance in Cycling Sport Group (CSG)’s international business, and at Caloi,” said Martin Schwartz, CEO of Dorel Industries.
Aisle Talk, Week of March 5
Top headlines from the active lifestyle industry you may have missed this week.
CODI Sees 2017 Gains for 5.11, Crosman; Liberty Safe Declines
Compass Diversified Holdings (CODI) reported revenues at 5.11 Tactical grew 5 percent and Crosman added 1.1 percent in 2017 while sales at Liberty Safe were down 11.4 percent.
Under Armour’s Sports Sponsorship Commitments Retreat In 2017
According to Under Armour’s just-filed 10K report, future sports marketing commitments fell 13.6 percent at the close of the year, reflecting the company’s overall efforts to reduce its cost structure.
Acushnet Q4 Aided By U.S. Golf Industry Stabilization
Said David Maher, Acushnet’s president and CEO, “We like our position in the U.S. market heading into 2018 and are optimistic that the U.S. retail channel is in the best shape it has been in for some time.”
The Walking Company Returns To Bankruptcy Court
Blaming the challenges selling third-party wholesale brands with the rise of online selling as well as losing rights to sell Ugg, The Walking Company (TWC) filed for bankruptcy the second time in less than a decade.
Shares Of Foot Locker Slump On Dismal Outlook
Shares of Foot Locker Inc. were down $5.84, or 12.7 percent, to $40.04 on Friday after the sneaker retailer reported weak fourth-quarter results and indicated the sales won’t likely rebound until the second half of 2018.
Americas Stars For Crocs In Q4
Crocs’ sales in the Americas region soared 13.6 percent in the fourth quarter. Wholesale revenues jumped 29.1 percent, driven by at-once sales as consumers continued to purchase clogs and sandals despite winter weather, and retailers restocked shelves.
Aisle Talk, Week of February 26
Top headlines from the active lifestyle industry you may have missed this week.
TJX Takes Impairment Charge For Sierra Trading
The TJX Cos. took an impairment charge of 10 cents a share, or about $64 million, against fourth-quarter earnings for Sierra Trading Post due to a decrease in projected revenue growth rates.
