Inside The Call: Boot Barn Ropes In New Customers To Western Lifestyle
Boot Barn’s momentum continued in the second quarter ended September 28 with sales ahead running up 69.5 percent against the year-ago period and 67.1 percent against the 2019 quarter. Jim Conroy, president and CEO, attributed much of the gains to new customer acquisitions that benefited from a combination of operational strategies, marketing, aggressive inventory procurement and fashion trends.
CV Waterman’s Bill Kueper Discusses DTC Model And COVID-Related Operating Challenges
SGB Executive spoke with C4 Waterman’s Vice President Bill Kueper to hear how its DTC model is working, which led to a conversation about other issues plaguing the once-thriving SUP category.
Inside The Call: Puma Lifts Guidance On Americas Momentum
Puma SE lifted its sales and earnings outlook for the second quarter in a row despite the warning of shortages due to supply chain constraints. Sales continued to expand strongly in the third quarter, paced by the Americas and EMEA region.
Inside The Call: Garmin Overcomes Logistics Constraints To Deliver Q3 Above Expectations
Garmin Ltd. raised its guidance for the second consecutive quarter as third-quarter results topped Wall Street targets due to outperformance by its Marine and Aviation segments. CEO Cliff Pemble said, “Our vertically integrated business model and commitment to safety stock was a key factor driving revenue growth for the quarter. But supplies are tight and we expect freight costs to remain elevated as we rush to fill retail shelves in time for the important holiday selling season.”
NPD Sees Performance Footwear Sales Climb 15 Percent In Third Quarter
The NPD Group reported total U.S. performance footwear sales grew 15 percent in the third quarter while leisure footwear sales climbed at a slightly lower rate. Fashion footwear sales continued to underperform, decreasing high-single-digits.
Inside The Call: Winchester’s Sales Jump 94 Percent In Third Quarter
Winchester’s sales grew 93.8 percent in the third quarter to $400 million from $206.4 million in the year-ago third quarter, boosted by strong hunting demand stemming from the pandemic experience.
Wall Street Reacts: VF Corp.’s Q222
Wall Street generally remained upbeat about VF Corp.’s prospects despite the company’s reported earnings and sales in its second quarter ended October 2 coming in slightly below consensus targets. Concerns include reigniting growth in China and Vans’ overall momentum.
Inside The Call: VF Battles Supply Chain Bottlenecks, Vans’ Weakness
VF Corp. said the wide majority of its brand portfolio performed at or above expectations in the second quarter ended October 2, including outsized gains at The North Face, Dickies and Timberland. Earnings and sales, however, were slightly below analyst targets due to the continued underperformance at Vans, its largest brand, as well as supply chain challenges.
Crocs Sees Supply Chain Woes Restraining 2022 Revenue Gains
Crocs Inc. reported sales jumped 73 percent in the third quarter and predicted a robust holiday selling quarter. However, the comfy shoemaker warned that continued supply chain challenges, largely tied to pandemic-related factory shutdowns in Vietnam, will hold back revenue growth in the first half of 2022. Planned investments include $75 million in air freight ahead of the 2022 spring/summer selling season.
Grassroots’ Rich Hill Discusses Fall Trends, Hurdles And Upcoming Connect Show
Sixty specialty retailers can’t be wrong. In fact, taking the pulse of the 60-plus members of the Grassroots Outdoors Alliance provides a tell-tale barometer of the state of outdoor specialty retail heading into the upcoming winter season as well as the Association’s upcoming Connect retailer show in November, its first in-person get-together in more than 700 days.
Inside The Call: Winnebago Basks In Continued Robust Demand For Outdoor Lifestyles
Winnebago Industries Inc.’s sales jumped 40.4 percent and 54.1 percent in the fiscal year ended August 28 as healthy demand for outdoor recreation coming out of the pandemic boosted its RV and boat businesses. Said Michael Happe, CEO ““The pandemic has undoubtedly catalyzed accelerated powerful demand for outdoor experiences.”
Active Lifestyle Well Represented On 2021 Inc. 5000 List
Xero Shoes, Bombas, Stone Glacier, William Murray Golf, Vibe Kayaks, PXG, and JLab Audio were among several companies in the active lifestyle space that landed on the 2021 Inc. 5000 annual ranking of the fastest-growing private companies in America.
PwC Study: Sports Industry Cautiously Optimistic
According to the sixth edition of PwC’s Sports Survey, executives across the broader sports industry, including sports federations, broadcasting and marketing agencies, have become more optimistic about the sports industry’s prospects amid signs of recovery from the pandemic.
Evo And FlyLow Make Case For Smaller Brands
As autumn slowly yields to winter and consumers’ minds gravitate to winter goods, in particular outerwear, retailers and manufacturers are still consulting their Ouija Board to see what kind of sales season it’s shaping up to be 18 months into the pandemic.
Gore-Tex Introduces Expanded Polyethylene (ePE) Membrane
There’s a new waterproof/breathable fabric coming out from Gore. In a heralded media presentation with company executives on September 30, W. L. Gore & Associates announced that it’s introducing expanded Polyethylene (ePE) membrane as a new complementary material platform to serve as the basis for its membrane technologies.