SGB Executive Footwear
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
Genesco’s Shares Hit By Profit Warning
Shares of Genesco Inc. lost $4.35, or 17.1 percent, to close at $21.15 on Thursday after the retailer axed its earnings guidance for the year due to sluggish overall mall traffic and weak sales trends at its Lids chain.
Shoe Carnival Shares Rally On Improving Top-Line Momentum
Shares of Shoe Carnival rose $3.68, or 22.4 percent, to $20.10 on Thursday after the off-price chain reported second-quarter results came in above estimates and August same-store sales ran up 7 percent.
Billabong Americas Continues Its Turnaround
Billabong International Ltd. delivered a modest increase in operating earnings before charges in its fiscal year ended June 30, boosted by a strong second half and fueled by the Americas region.
Famous Footwear’s Parent’s Shares Pop On Promising BTS Results
Shares of Caleres rose $1.86, or 7.5 percent, to $26.67 on Wednesday after the company indicated its Famous Footwear chain delivered its best back-to-school performance since 2013.
Finish Line’s Shares Tumble On Slashed Outlook
Shares of Finish Line fell $1.92, or 18.5 percent, to $8.50 on Tuesday after the retailer significantly reduced its profit outlook for the full year amid disappointing sales in recent months.
What’s Causing The Delays In Back-To-School Buying?
Whether waiting to see what’s trend-right this fall, holding out for better deals or losing sales to July’s Amazon Prime Day event, the back-to-school (BTS) period continues to find a lot of procrastinators.
Aisle Talk, Week Of August 21
Top headlines from the active lifestyle industry you may have missed this week.
Nike Swim And Golf Lifestyle Boost Perry Ellis’ Q2 Results
Golf Lifestyle Sportswear’s sales increased by mid teens with over 28 percent growth by Callaway apparel as well as strong contributions from PGA Tour, Jack Nicklaus and Ben Hogan. Nike Swim’s gross sales were up double digits.
Tilly’s Q2 Benefits From Traffic Pick Up
Boosted by its strongest in-store traffic seen in several years, Tilly’s Inc. achieved its fifth consecutive quarter of improved year-over-year operating results. Earnings benefited from comp sales growth, gross margin increase and SG&A reductions.
Outdoor Participation Shows Some Recovery
The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report found that 48.8 percent of the U.S. population participated in an outdoor activity at least once in 2016, up from 48.4 percent in 2015.
NSGA Highlights Importance Of Physical Retail
The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.
DSW Eyes Benefits From Retail Disruption
Believing the store closings across retail are working in its favor, DSW Inc. reported second-quarter earnings that handily topped Wall Street estimates while logging its first quarterly same-store gain since 2015.
Study: Over Half of Online Shoppers Prefer Shopping Directly With Brands Over Retailers
The survey of consumers who have visited a brand manufacturer’s website in the past six months found the majority (54 percent) turn to brands over retailers for more comprehensive product information, in addition to enhanced customer service, better prices and more personalization options.
