SGB Executive Footwear
Shimano’s Profits Slump In Nine Months
Shimano reported earnings slumped 46.3 percent in the first nine months of the year due to a weak cycling market.
Puma Talks Rihanna Brand Benefits, Promotional Fears
On a media call following the report of above-plan third-quarter results, Bjørn Gulden, Puma’s CEO, detailed how Rihanna was boosting the brand’s women’s business while also indicating a promotional climate in both the U.S. and Europe may crimp fourth-quoter sales gains.
Vans, DTC Power VF Corp.’s Brawny Q3
On a currency-neutral basis, Vans jumped 26 in the third quarter as the Americas grew 22 percent, Europe increased 39 percent and Asia Pacific advanced 23 percent. On the same basis, global sales declined 3 percent at North Face and 2 percent at Timberland, in part due to some fall shipments shifting to the fourth quarter.
Aisle Talk, Week Of October 16
Top headlines from the active lifestyle industry you may have missed this week.
Jefferies Sees Curry 4 Becoming Top B-Ball Sneaker This Year
“Our calls, store visits, social media analysis and review of StockX pricing of Curry 4 soft launches (official launch 10/27) points to very strong buzz in the market,” Randal Konik, Jefferies’ lead analyst, wrote in a note to clients.
Goldman Sachs Downgrades Nike Due To Inventory Concerns
Lindsay Drucker Mann wrote in a note that wholesale growth for Nike will be “tougher to come by” with declining traffic and poor productivity at traditional brick and mortar retail partners “driving excess inventory in the system.”
Adidas Hit By Lawsuit By Rick Pitino
The suit claims Adidas has caused the legendary coach “grave damage to his public and private standing and reputation, causing him extreme embarrassment, humiliation, and emotional distress.”
Puma’s Q3 Earnings Surge, Lifts Outlook
Puma reported operating earnings vaulted 68.3 percent in the third quarter as it continued its streak of double-digit top-line growth.
SidelineSwap Looks To Bring Re-Seller Market To Sporting Goods
Brendan Candon, SidelineSwap’s CEO, said, “By building a platform that’s hyper targeted on the sporting goods category, and simplifying the selling process, we’ve been able to attract a ton of athletes who otherwise would have let their gear collect dust in a garage.”
PrimaLoft Finds New Investor To Support Growth
Said Mike Joyce, president and CEO of PrimaLoft, “Our new partnership with Victor Capital will provide the capital, commitment and operating support to drive our technological innovation and market development to new levels.”
Susquehanna Downgrades Deckers Over Ugg Weakness, “Unrealistic” Marcato Plan
“Marcato’s plan to drive shareholder value at DECK is either overly optimistic or completely unrealistic,” wrote Susquehanna analyst Sam Poser in a note. “We lean towards the latter.”
IHRSA: Boutiques Continue To Lead Health Club Gains
Membership in U.S. health clubs reached an all-time high in 2016, thanks to 15 percent growth at boutique studios, according to the 2017 IHRSA Health Club Consumer Report. Studio members tend to a decade younger than the overall average for all facilities and are more ethnically-diverse.
Aisle Talk, Week Of October 9
Top headlines from the active lifestyle industry you may have missed this week.
Did The ‘Pay To Play’ System Cause The U.S.’s World Cup Failure?
The failure of the U.S. men’s national soccer team to qualify for the 2018 World Cup in Russia to some points to a broader problem around youth sports participation.
Adidas Winning, Nike And Under Armour Losing With Teens
According to Piper Jaffray’s Taking Stock With Teens research survey, Adidas, Vans, Birkenstock and Supreme are seeing some of the biggest gains in earning teens’ affection. The losers among the larger bands in the active space include Nike, Ugg and Under Armour.
