Canada Goose Q3 Revenues Surge 50 Percent
Canada Goose again raised its guidance for the year after banging out significant gains in earnings and sales in the third quarter ended December 31. Results benefited from strong demand for expanded lightweight offerings, retailer requests for earlier shipments of merchandise, and a strong reception to new stores.
Report: Payless To Shutter All Doors
Payless ShoeSource plans to close all of its 2,300 stores in bankruptcy proceedings, sources told Reuters.
Emerald CEO: 2019 Snow Show Revenue Down In Mid-Single Digits
Revenue for the recent Outdoor Retailer Snow Show is expected to be down in the mid-single digits even as the show’s mood and energy were “excellent,” according to Phil Evans, interim president and CEO of Outdoor Retailer parent company Emerald Expositions Events Inc. That was the assessment Evans provided during Thursday morning’s earnings conference call with analysts to discuss Emerald’s fourth-quarter results.
Yeti Closes 2018 With ‘Significant Momentum’
One month ago at the ICR Conference in Orlando, FL, the top executives at Yeti Holdings Inc. laid out some ambitious financial goals for 2019 and beyond. And Yeti’s Q4 performance proved it is on the right path. The Austin, TX-based company’s net sales grew 19 percent to $241.2 million and adjusted net income skyrocketed 379 percent to $32 million, or 38 cents per diluted share, both of which beat analysts’ estimates.
Asics Resets Americas Team After Another Challenging Year
Following a year of double-digit declines, Asics America Group (AAG) reported that Koichiro Kodama will replace Gene McCarthy as CEO of the region in a broad management overhaul.
Puma’s Forecasts Double Digit Growth Again In 2019
Puma closed out its 70th year in business by seeing sales further accelerate in the fourth quarter, led by strength in Asia and North America. Another year of double-digit revenue growth and”significant” earnings gains was predicted for 2019.
Can ‘Bench Strength’ Bolster REI During Leadership Transition?
As SGB Media reported yesterday, the outdoors world got a jolt with the news that Jerry Stritzke, president and CEO of REI Co-op, had resigned after a board-initiated investigation into his admitted “personal and consensual” relationship with “the leader of another organization in the outdoor industry.” But what impact, if any, will this development have on the industry?
Always Good Times: Jeff Mechura Dishes On Elan’s U.S. Growth
Jeff Mechura, head of global brand development and marketing for Elan Skis, spoke with SGB Media at Outdoor Retailer Snow Show about what’s been driving the company’s growth in the U.S. and why Elan remains the “good Catholic boys” when it comes to the retail channel.
Under Armour Struggles To Revive North America Growth
Under Armour Inc.’s fourth quarter came in better than expected in the fourth quarter due to strong growth internationally and fewer promotions. But sales in North America dropped 6 percent and a return to growth isn’t expected in the region until at least the second quarter. Patrik Frisk, president and COO, “When you’ve lost space on the shelf you got to earn it back and it takes a little bit of time.”
Christoph Engl Seeks New Heights For Oberalp’s ‘Passionate Mountaineers’
Christoph Engl, who last fall was appointed CEO of Oberalp Group—parent company of Salewa, Dynafit, Pomoca and Wild Country—spoke with SGB recently about his goals for the Italian-based company as it looks to grow market share in North America.
Retail Roundup … 7 Reports For February 2019
Retail studies arrived over the last two weeks around the state of influencer marketing, the link between inventory efficiencies and markdowns, turning one-and-dones into recurring customers, brands’ opportunities to “mend A divided nation,” and more…
Oppenheimer Sees Nike’s Shares Cracking $100
Oppenheimer in a note raised its price target on Nike to $100 from $90 due to greater confidence in the company’s ability to continue to improve margins.
Columbia Sportswear Sailing Into 2019 With Broad-Based Momentum
Growth in all channels, all geographies and all brands but one lifted Columbia Sportswear Co. to record revenue for both the fourth quarter and 2018, and the company believes it is riding that momentum to another stellar year. “2018 was a tremendous year for Columbia Sportswear and I’m thrilled to see it end on a high note … ,” said Tim Boyle, Columbia Sportswear’s president and CEO.
Skechers Sees Domestic Wholesale Channel Return To Growth
Shares of Skechers USA Inc. rallied on Friday after the footwear giant reported earnings that easily topped Wall Street’s targets due to tight expense and inventory controls as well as targeted pricing actions. Gangbuster international growth continued while domestic wholesale growth recovered.
Aisle Talk Week Of February 4
Top headlines from the active lifestyle industry you may have missed this week, including a number of former Cabela’s employees, led by Matt Highby, officially launching Highby Outdoors, an e-commerce site focusing on outdoor gear.
