SGB Executive Footwear
Adidas Sells TaylorMade At A Bargain
Adidas AG officially announced that it will sell its golf division for $425 million, a steep discount from the $1.4 billion it paid to acquire the brand from the French equipment maker Salomon in 1997.
Crocs Exceeds Guidance For Q1 Revenues
“We turned in solid first-quarter results by delivering improved product, launching a new and engaging marketing campaign, and realizing early benefits from the operational improvements that we’ve been focused on, said CEO Gregg Ribatt during a conference call.
Iconix Brands Struggles To Revive Growth
Iconix Brand Group reported a double-digit decline in licensing revenues, pulled down by steep drops at Starter, Danskin and Ocean Pacific.
Wolverine’s Shares Climb On Upbeat Q1 Results
Among its major brands, Merrell grew low single-digits, Sperry was down low-double digits and Saucony was off mid-single digits.
Asics Corp. Q1 Impacted By Weakness In Europe And Americas
In the Americas region, sales declined 3.1 in the first quarter on a currency-neutral basis “due to market forces and additional retail partner store closings,” according to a statement from Asics America Group. Sales in the U.S dropped 9.3 percent.
Delta Apparel’s Q2 Boosted By Junk Food Sale, Higher Margins
For its second half, Salt Life and Art Gun are expected to continue their double-digit growth while continued improvements are projected for Activewear and Soffe. Soffe is expected to benefit from direct-to-consumer growth, including its first stores.
Former Jarden Outdoor Segment Sees Meager Q1 Growth For Newell Brands
Growth from Contigo beverage containers, Coleman coolers and Team Sports was partially offset by inventory destocking at Fishing and ongoing challenges on Coleman camping.
Camping World Owner Vows To Revive Gander Mountain
Marcus Lemonis, chairman and CEO of Camping World, has pledged to bring back at least 70 Gander Mountain locations. He expects the chain will greatly benefit from lease renegotiations, a merchandise overhaul and localizing assortments by market.
Dorel Sports Sees Cycling Profits Rebound
“Dorel Sports improved materially as a restructuring efforts and more cost efficient cost structure are now bearing fruit,” stated Martin Schwartz, president and CEO of Dorel Industries.
Aisle Talk, Week Of May 1
Top headlines from the active lifestyle industry you may have missed this week.
Adidas Brand Catapults 36 Percent In North America In Q1
Showing the brand is indeed regaining market share against Nike and several other competitors, Adidas Group reported currency-neutral revenues for the Adidas Brand vaulted 36 percent in the first quarter in the North America region.
Active Brands See Solid Growth For Sequential Brands In Q1
AND1, Avia, Heelys and Gaiam all saw progress in the first quarter for Sequential Brands Group.
Cabela’s Q1 Benefits From Expense Cuts, Credit Strength
Cabela’s not surprisingly saw earnings and sales decline in the first quarter as a result of an industry-wide downturn in firearms sales following the election of Donald Trump. But expense-containment efforts and healthy results from Cabela’s CLUB Visa program helped the retailer exceed Wall Street estimates.
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
Shoe Carnival Blames Tax Refund Delays For Q1 Shortfall
Shoe Carnival Inc. said delays in the mailing out of tax refund checks was largely responsible for a 3.9 percent drop in same-store sales in its first quarter. Consequently, the shoe chain reduced its full-year guidance for sales and earnings.
