SGB Executive Footwear
Finish Line Upbeat About Second-Half Rebound
Finish Line comps are projected to increase low-single digit due to easier comparisons, the sales lift from additional remodels, increased qualities of many current best sellers, and the strong pipeline of launch product, including more kids’ takedowns of top performing adult sizes.
Aisle Talk, Week Of June 19
Top headlines from the active lifestyle industry you may have missed this week.
SFIA’s Bill Sells Recalls Alexandria Baseball Practice Shooting
“It’s a little early for fireworks.” That’s what Bill Sells, VP for government relations at SFIA, literally said at 7:15 a.m. last Wednesday after hearing the first “pop” from a gunmen’s rifle at a baseball practice session of Republican lawmakers preparing for the next day’s Congressional Baseball Game.
Will Amazon’s Acquisition Of Whole Foods Transform Retailing?
Amazon shocked the retail world Friday morning by announcing that it had reached a deal to acquire Whole Foods Markets. While the move is largely seen as a way for the online giant to quickly way to gain a foothold in the grocery category, can the active lifestyle space be far behind?
Aisle Talk, Week Of June 12
Top headlines from the active lifestyle industry you may have missed this week.
Nike To Axe 2 Percent Of Its Workforce In Restructuring
The restructuring will impact about 1,400 jobs globally and also includes a heightened focus on 12 key cities, the reduction of its geography structure to four regions from six and the creation of a Nike Direct organization to address the digital opportunity.
Sports Direct Enters U.S. Retailing With Bob’s/EMS Acquisition
The U.K.’s largest sporting goods retailer will enter U.S. retailing with 51 stores (21 EMS, 30 Bob’s) and is already planning on bringing some of its European mix to U.S. consumers.
BSN Sports Snaps Up Academy Sports In Utah
Continuing its consolidation of the team dealer channel, BSN Sports said it had acquired Academy Sports based in Salt Lake City, UT.
Unsecured Creditors Urge Rejection Of Payless Confirmation Plan
In urging a Missouri bankruptcy court to deny approval of Payless’ reorganization plan, the case’s unsecured creditors committee charged that Golden Gate Capital and Blum Capital Partners had “siphoned over $400 million out of the debtors” following the retailer’s 2012 IPO.
Aisle Talk, Week Of June 5
Top headlines from the active lifestyle industry you may have missed this week.
Camping World Will Seek To Undercut Competition With New Gander Stores
Speaking at Stephens 2017 Spring Investment Conference, Marcus Lemonis, chairman and CEO of Camping World, said the company is not only planning to reduce the amount of firearms in the reborn Gander Mountain stores but also vowed to underprice any nearby competition.
Genesco Sees Major Store Closings In Coming Years
Speaking at the Baird Global Consumer, Technology & Services Conference, Bob Dennis, chairman, president and CEO of Genesco, the parent of Journeys and Lids, said he expects the company will be operating “significantly fewer” stores over the next five years due to continuing declines in mall traffic.
G-III Apparel’s Shares Soar On Raised Guidance
Shares of G-III Apparel Group jumped $3.03, or 15.2 percent, to $22.92 Tuesday after the outerwear and sportswear maker hiked its full-year guidance while reporting first-quarter earnings that beat estimates.
Boot Barn Facing Headwinds From Oil-Dependent States
Boot Barn said same-store sales have improved in the first two months of the current quarter in states impacted by oil and other commodities. The company also announced the acquisition of the Country Outfitters e-commerce site.
Aisle Talk, Week Of May 29
Top headlines from the active lifestyle industry you may have missed this week.
