Aisle Talk Week Of February 25
Top headlines from the active lifestyle industry you may have missed this week, including Congress passing a public lands bill that would permanently reauthorize the federal Land and Water Conservation Fund.
5.11 And Velocity Outdoor Deliver Double-Digit Growth For CODI In 2018
Compass Diversified Holdings’ (CODI) reported 5.11’s 2018 revenues expanded 12.2 percent in 2018 while Velocity Outdoor’s revenue increased 10.3 percent. Liberty Safe saw a 10.1 percent decline last year.
Athleta Becomes Prime Growth Engine With Old Navy’s Exit
Gap Inc.’s move to spin off Old Navy is expected to accelerate growth opportunities for Athleta, the already fast-growing women’s activewear chain. The fourth quarter for Athleta marked a two-year comp hike of nearly 30 percent.
Crocs’ Americas Sales Jump 15 Percent In Q4
Crocs Inc. reported revenues in the fourth quarter topped Wall Street’s expectations, boosted by healthy double-digit growth in the Americas region. The loss for the company in the period also came in better than expected due to cost-cutting initiatives.
TJX Rebranding Sierra Trading Post To Simply ‘Sierra’
Sierra Trading Post, the retailer that operates an online and brick-and-mortar presence and is owned by The TJX Cos., has undergone a rebranding and is now known simply as Sierra, the company announced Wednesday during the earnings call with analysts.
Fitbit’s Shares Sink On Weak Guidance
Fitbit in the fourth quarter managed to show its first quarterly year-over-year increase in device sales since the fourth quarter of 2016. But shares were trading down about 16 percent in late-afternoon trading amid warnings of softer-than-expected sales for the first quarter and margin deterioration for the year.
Big 5 Turns Bullish As Winter Kicks In
Big 5 Sporting Goods Corp. said its holiday quarter came out better than expected as chilly weather goosed sales. Continued seasonal weather into February also has the California-based chain upbeat for the first quarter.
Fox Factory Shares Climb As CEO Succession Plan Unveiled
Shares of Fox Factory Holding Corp. grew in the double digits before closing the day up $2.32, or 3.4 percent, to $63.45 after the company a day earlier not only announced a strong fourth quarter performance but also a CEO succession plan. Mike Dennison takes over as CEO on June 29, replacing Larry Enterline, who is retiring after eight years in the role.
Slow Start To New Digital Platform Stymies Nautilus In Q4
Last November, Nautilus Inc. introduced its new digital platform, Max Intelligence, with hopes of driving stronger sales in the company’s direct segment, but slower-than-expected adoption rates contributed to a soft fourth quarter for the company. Nautilus on Monday reported net sales for Q4 of $115.4 million, a 9.7 percent decrease compared to the same quarter of 2017.
Rocky Brands Q4 Boosted By Higher Margins, Plant Efficiencies
Helped by vibrant sales at its higher-margin retail segment and steps to improve efficiencies at company-operated manufacturing facilities, Rocky Brands Inc. reported earnings on an adjutted basis rose 28.6 percent in the fourth quarter ended December 31.
Adidas Earns Upgrade On Yeezy Momentum
Wells Fargo raised its rating on Adidas to “Outperform” from “Market Perform” due to the success the brand is finding with its “democratization” of Yeezy, its sub-brand collaboration with Kanye West.
Conversation With Active Brands North America GM Henrik Lumholdt
Henrik Lumholdt, general manager, Active Brands North America—whose portfolio includes Kari Traa, Sweet Protection and Daehlie—spoke with SGB Media at the recent Snow Show about Kari Traa’s auspicious start during the 2015 show, where the sportswear line goes from here and the growth potential the Norwegian company sees for all its brands in North America.
Retail Reports Roundup
Retail studies arrived over the last two weeks on the value of in-person customer service, in-app spending growth, mobile payments, virtual assistants, supply chain digitization and more…
Backcountry Boom: Alpine Touring Business On The Right Track
For the casual onlooker, noticing an increase in skiers taking the uphill track at a resort or seeing an overcrowded parking area near an out-of-bounds ski trail might provide anecdotal evidence that more people want to “earn their turns.” But the data backs up an industry trend that shows no sign of stopping: The backcountry ski business is booming.
Aisle Talk Week Of February 18
Top headlines from the active lifestyle industry you may have missed this week, including Asics North America appointing Kevin McHale as its new director of run specialty sales.
