SGB Executive Outdoor
Cowen Cuts Adidas’ Estimates On North America Growth Concerns
Cowen lowered its estimates on Adidas for 2018 due to its belief that Nike’s product cycle is improving, heightened promotions are being seen in North America on the Adidas brand, and a possible moderation in Europe.
Lululemon Rebuts Athleisure Critics In Q3
Lululemon’s better-than-expected third quarter benefited from a 25 percent hike in e-commerce sales, growing momentum internationally, and growth of more than 20 percent in women’s pants, jackets and outerwear, and men’s.
Cherokee Cuts Guidance, Eyes Growth In 2018
Henry Stupp, CEO, said the company’s acquisition of Hi-Tec has been “undoubtedly more costly and time-intensive than we originally forecasted.” The flagship Cherokee’s brand transition away from Target is taking longer than expected while Tony Hawk’s revenues are being impacted by weakness in Canada.
Is Amazon Overwhelming MAP Policy Enforcement?
While the arrival of online selling has led to a ramp-up in vendors implementing MAP (minimum advertised price) policies, Amazon’s growing dominance of e-commerce and increasing traction in the active lifestyle space continues to complicate the whole MAP enforcement game.
Aisle Talk, Week Of November 27
Top headlines from the active lifestyle industry you may have missed this week.
Billabong Explores Quiksilver Merger
Shares of Billabong climbed 23 percent after the company disclosed that Boardriders Inc., formerly known as Quiksilver Inc., had made an offer to acquire the company. Billabong indicated that its board will evaluate the proposal.
Holiday Selling Starts Off With A Bang
According to reports from the National Retail Federation (NRF), Adobe and ComScore, sales surged ahead from Thanksgiving through Cyber Monday, providing a heap of optimism for the rest of the holiday selling season. Not surprisingly, online purchases again strongly led the gains and smartphones expanded as a key driver of transactions.
Aisle Talk, Week Of November 20
Top headlines from the active lifestyle industry you may have missed this week.
Maurice Sporting Goods’ Trip To Bankruptcy Court
In court papers, Maurice Sporting Goods blamed challenges consolidating its U.S. distribution centers, debt taken on from recent acquisitions and the spate of bankruptcies in the sporting goods industry as the reasons for its bankruptcy filing.
Sportsman’s Warehouse Trims EPS Outlook On Promotions/Ammunition Deflation
Sportsman’s Warehouse Holdings Inc. lowered its EPS guidance for the full year due to expectations that the heightened promotional climate and price-compression in ammunition will not let up in the fourth quarter.
Aisle Talk, Week Of November 13
Top headlines from the active lifestyle industry you may have missed this week.
Wall Street Reacts: Dicks Q3
For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.
Sport Chek’s Weak Sales Continue, Management Upbeat On Prospects
“There are aspects of the business we are pleased with and others that require attention,” said Stephen Wetmore, CEO and president of Canadian Tire, the owner of FGL Sports, of the business on his company’s third quarter conference call. “However, everything we look at is providing upside potential.”
Dick’s Sees Margin Pressures Lingering Well Into 2018
Said Ed Stack, CEO, on a conference call with analysts, “With excess inventory still in the supply chain, broadened distribution strategies from some key vendors and a lack of newness and innovation, the fourth quarter and 2018 will continue to be promotional and pressure margins from last-year levels.”
SGB Q&A: Casey Sheahan, CEO, Simms Fishing Products
The former CEO of Patagonia and president of Keen talks about his passion for the sport of fishing, a wide array of growth opportunities he plans to pursue at Simms, and his commitment to conservation and driving more people to the sport of fishing.
