Duluth Trading Eyes Slow Recovery, Tests Sales Inside Tractor Supply
Duluth Trading reported sales were down slightly in the fourth quarter due to continued sluggish in-store traffic tied to COVID-19. Officials also provided a cautious outlook with a recovery picking up speed in the second half of 2021. One surprise was the announcement of a test of sales inside Tractor Supply to potentially mark its move into wholesale distribution.
American Outdoor Brands Blows Past Fiscal Q3 Estimates As Sales Jump 91 Percent
American Outdoor Brands hit it out of the park in its fiscal third quarter, nearly doubling the top-line numbers from the prior-year quarter and besting the numbers for the company’s second quarter, which is historically AOUT’s biggest quarter.
Catching Up With Simms CEO Casey Sheahan
Going on four years as CEO of Simms, Casey Sheahan, 65, took the helm to spearhead its wader, outerwear and technical fishing apparel and accessory lines out of its 80,000-square-foot facility in Bozeman, MT. SGB Executive caught up with Sheahan for his take on the fishing industry, manufacturing in America, surviving the pandemic, and its new brand mission, Fish It Well.
Caleres Sees $100 Million In Annual Cost Savings Ahead On Operational Improvements
Consolidated fiscal fourth-quarter sales were $571.0 million, down 18.3 percent from the prior-year fourth quarter. Direct-to-consumer sales reached 75 percent of total sales, with owned e-commerce sales increasing approximately 25 percent during the period.
Outdoor Collaborations With Grateful Dead Rising
The Grateful Dead has a long, strange history of aligning with outdoor brands. “Without question, there’s an overlap between the band and the outdoors,” said Eleni Gregoriou, director of global brand licensing, Warner Music Group. SGB Executive rounded up product collabs of late.
Athleisure Shines As Bright Spot For DSW
Designer Brands, the parent of DSW, said athleisure and athletic styles again delivered double-digit growth due in part to ramped-up inventory investments over the last year. Weakness in dressier and formal styles due to pandemic led to a 20.1 percent overall comp decline for the company.
Dick’s Officials Talk Up Potential For New Concepts At BofA Investor Conference
Speaking at the BofA Securities Consumer and Retail Technology Conference, officials at Dick’s Sporting Goods elaborated on the potential for its two new concepts, Public Lands and Dick’s House of Sport, while also addressing its relationship with Nike, its private-label success and sales outlook for the current year.
Back at the Helm: Catching Up With Returning Inov-8 CEO Wayne Edy
Coming full circle, Inov-8 founder Wayne Edy is back leading the company he started 18 years ago, having repurchased it from Descente. SGB Executive caught up with him for his take on reinvigorating the brand.
Inside The Call: Dorel Sees Heightened Interest In Cycling As The ‘New Normal’
Dorel Industries Inc. reported sales at its Dorel Sports cycling segment rose 13.8 percent in the fourth quarter and expects cycling’s momentum to continue after the pandemic is over; however, supply chain constraints continue to curtail top-line growth. Martin Schwartz, president and CEO, Dorel Industries, said, “Demand for bicycles overall is clearly outpacing the ability to supply in both the IBD and mass channels.”
Inside The Call: Vail Resorts Sees Small Declines In Visits Even As Revenues Fall 26 Percent In Fiscal Q2
Vail Resorts, Inc. financial results continued to be heavily impacted by COVID-19 during its second fiscal quarter ended January 31 but total visitation across the company’s North American destination mountain resorts and regional ski areas were only down approximately 5 percent.
Inside The Call: Zumiez Looks To Capitalize On Skate’s Discovery During Pandemic
The hard goods category again led Zumiez Inc. to deliver strong results for the fourth quarter, and the chain is looking to convert new skateboarders who embraced the activity during the pandemic into loyal customers.
Inside The Call: Tilly’s Scores Strongest Fourth Quarter Since 2012
Tilly’s Inc. logged the strongest fourth-quarter EPS performance since its 2012 fourth quarter. The gains were helped by strong performances in women’s and footwear supported by introducing several new brands. The chain, however, warned that product arrival delays could curtail sales growth in the first half.
Inside The Call: Journeys Rides Strong Casual Trend To Record Quarterly Operating Earnings
Journeys reported same-store sales rose 2 percent for its first positive comp since the pandemic emerged on strong appeal for casual footwear offerings, according to the fourth-quarter report of parent, Genesco Inc. Said Mimi Vaughn, Genesco’s CEO, “Comfort reigns as the fashion choice of the pandemic.”
Inside The Call: Bogs Seeing “Very Strong” Backlogs After Second-Half Recovery
Bogs saw North American revenues on a wholesale basis increase 5 percent in the fourth quarter to end with flat sales for the year, according to the outdoor footwear brand’s parent, Weyco Group. Bogs’ backlogs are “very strong” due to boot shortages in the marketplace.
Inside The Call: Adidas Doubles Down On Digital In New Five-Year Plan
Adidas on Wednesday announced its new five-year growth plan, “Own The Game,” which promises to accelerate digital, direct-to-consumer growth and doubling of its “key cities” focus to 12 cities. However, the plan is guided by five industry trends that accelerated due to the pandemic.