Aisle Talk Week Of May 27
Top headlines from the active lifestyle industry you may have missed this week, including The North Face issuing an apology for uploading photos of athletes wearing its gear to Wikipedia pages about famous locations—all in an attempt for the brand to place higher on Google search results.
Difficult Firearms Comp Hinders Sportsman’s Warehouse’s Q1
Sportsman’s Warehouse Holdings Inc. clearly benefited from competitors such as Dick’s Sporting Goods dropping out of the firearms business last year following the school shooting in Parkland, FL. But the ensuing boom also created—as expected—some difficult comps for the Midvale, UT-based retailer, which on Thursday reduced its outlook for the year after results in the first quarter ended May 4 missed analysts’ revenue and earnings estimates.
By The Numbers … OIA’s 2018 Annual Report
With just a few weeks to go before the signature B2B event of the outdoor world, the industry’s trade organization on Thursday released some important facts and figures that show how much revenue it’s generating and how that money is helping member organizations flourish amid an ongoing trade war and evolving economy.
Tilly’s Warns On Sluggish Spring Sales
Tilly’s Inc. reported first-quarter earnings and sales both reached the high-end of guidance. But the action sports chain warned of a down second quarter as spring/summer selling has seen a slow start due to cool and wet weather patterns across much of the country, particularly in California.
DSW’s Q1 Boosted By Women’s And Kids
Shares of Designer Brands, formerly DSW Inc., rose $1.06, or 5.9 percent, to $9.05 Thursday after the company matched Wall Street’s earnings expectations in the first quarter and increased its full-year guidance.
Dick’s Shares Unsettled By Tariffs Woes
Dick’s Sporting Goods reported better-than-expected earnings in the first quarter due to aggressive stock buybacks and same-store sales reaching the high-end of plans with the help of stepped-up inventory investments. Shares, however, slid after tepid guidance was provided for the back half of the year due largely to the potential impact of tariffs.
Canada Goose Shares Lose 30 Percent Amid Softer Outlook
Shares of Canada Goose Holdings Inc. tumbled $15.28, or 31.2 percent, to $33.74 Wednesday after the company earlier in the day reported a fourth-quarter revenue miss—its slowest revenue growth in eight quarters—plus lower-than-expected guidance for the current fiscal year.
Trade War Impact Remains Uncertain
On quarterly conference calls last week, executives at both retailers and vendors said the ultimate impact of the tariff war isn’t clearly known, especially if the fourth tranche on $300 billion of imports that hit apparel and footwear items becomes effective. But most reassured analysts they’re taking or have taken steps to mitigate most of the expected damage. Comments from VF Corp, Deckers Brands, Kohl’s, JC Penney, Target, Hibbett Sports, TJX Cos. and Ross Stores.
Department Stores Disappoint In First Quarter
Department stores struggled in the first quarter while discount chains fared much better, as a whole, in terms of earnings, revenue and stock performance, based on earnings reports released in the last two weeks.
Hibbett’s Digital Efforts Gaining Traction
For a company that admittedly was “late to the ballgame” with implementing all the digital capabilities a retailer should offer its customers in today’s competitive landscape, Hibbett Sports Inc. has certainly made up for lost time. And the company showcased some of its recent digital advances during a stellar first quarter that topped revenue and earnings expectations.
Foot Locker’s Shares Tank On Weak Guidance
Shares of Foot Locker Inc. lost 16 percent on Friday after the company missed on first-quarter profit and sales and provided lackluster guidance for the second quarter. The retailer basically retained its guidance for the year.
Deckers Delivers Blowout Q4
Deckers Brands Inc., wrapping up its first year seeing revenues surpass $2 billion, reported significant gains in fourth-quarter earnings, far ahead of forecasts. Improving margins, expense cuts, early shipments of spring Ugg product and continued explosive growth for Hoka drove the outsized gains.
Aisle Talk Week Of May 20
Top headlines from the active lifestyle industry you may have missed this week, including footwear brands and retailers joining together to write a collective letter to President Trump asking him to rethink his latest tariff increase and relax the escalating trade war with China.
Title Nine Mines Sports To Empower Women
Long before the arrival of Lululemon, Fabletics, Outdoor Voices and the rest of the athleisure movement, Missy Park in 1989 founded Title Nine, becoming the first retailer to focus on selling women’s sports and fitness apparel. Park talks to SGB Executive about the many ways Title Nine is working to push the women’s movement forward, her take on the advances and shortcomings of today’s women’s sports apparel and gear, and why Title IX is still relevant to Title Nine.
Foul Weather, Late Tax Refunds Stymie Shoe Carnival’s Q1 Comps
Inclement weather and a delay in the issuance of tax refunds resulted in Shoe Carnival Inc.’s same-store sales declining in the high-single digits in February, according to company executives. March and April showed improvement, combining for a 3.6 percent increase, but they weren’t enough to overcome the quarter’s slow start as Q1 comps for the company fell 0.2 percent while Wall Street had projected a 1.6 percent gain.
