Dick’s Touts Strong Vendor Relationships
Despite aggressive shifts by many vendors to pursue growth in direct-to-consumer (DTC) channels and the widely-covered challenges the chain is facing with Under Armour, Ed Stack, Dick’s Sporting Goods’ CEO, told attendees at Goldman Sachs’ Annual Global Retailing Conference that the chain’s vendor relationship have “never really been better.”
Caleres’s Shares Sink On Q2 Miss
Shares of Caleres Inc., the parent of Famous Footwear, fell 7.9 percent on Wednesday after the company reported earnings and sales that both grew but just missed Wall Street’s targets. The report comes as competitors, DSW and Shoe Carnival, both sharply raised their guidance following robust Q2 results.
SGB Exec Q&A: Decathlon USA’s COO Sophie O’Kelly De Gallagh
Sophie O’Kelly de Gallagh, COO of Decathlon USA, talked to SGB about Decathlon’s return to U.S.retailing with the company’s “lab” store in San Francisco, the retailer’s unique vertically-integrated model and expansion plans.
Retail Reports Roundup
Studies arrived on retailers’ omnichannel concerns, kids influence on BTS purchases, Gen-Z’s and millennials mobile phone purchases, Gen-Z’s non-digital interests, expanding retail app usage and more.
Auspicious Start For Lululemon’s New CEO
Things couldn’t have gone much better this week for new Lululemon Athletica Inc. CEO Calvin McDonald, whose first earnings call Thursday centered on the company’s stellar second quarter.
Aisle Talk Week of August 27
Top headlines from the active lifestyle industry you may have missed this week, including Black Diamond Equipment Ltd. sending Walmart a cease and desist notice in response to the launch of a new outdoor website on Walmart.com curated by Moosejaw.
Smith & Wesson’s Parent’s Shares Pop On Raised Outlook
Shares of American Outdoor Brands, the parent of Smith & Wesson, M&P, and Thompson/Center Arms, were trading up nearly a third in mid-day trading on Friday after the company exceeded guidance in the first quarter ended July 31 and aggressively lifted targets for the company’s full fiscal year. The firearms leader still cautioned that overall demand for firearms isn’t showing clear signs of a recovery.
5 Takeaways From Paddlesports Retailer
Now that the sun has set on the second annual Paddlesports Retailer show, SGB is highlighting key takeaways from the event, including reaction to the new venue, the hottest trend in paddlesports and why the specialty channel remains a priority amid market changes.
Callaway And Jack Nicklaus Shine For Perry Ellis In Q2
Perry Ellis International Inc. saw strong growth in Callaway and Jack Nicklaus golf apparel in the second quarter. Nike Swim is seeing momentum in Europr. A calendar shift and the liquidation of Bon Ton Stores, however, caused a modest sales decline overall in the period. Profits were flat but topped Wall Street’s targets.
Tilly’s Delivers Strongest Comp In Seven Quarters
Share of Tlly’s were trading up around 13 percent in mid-day trading Thursday after the action-sports themed retailer posted the company’s best comp since the third quarter of 2016 while exceeding profit guidance.
Dick’s Blames Q2 Top-Line Shortfall On Under Armour
Dick’s Sporting Goods reported earnings that easily topped Wall Street’s targets but sales came in well below as weakness from Under Armour continued to place a drag on sales. On a conference call with analysts, Ed Stack, CEO, said the company is “repositioning” its Under Armour business, including gaining more exclusives from the brand while finding other product to fill traditional Under Armour space.
Shoe Carnival ‘Concerned’ About Athletic Sales Trend
Mid-single-digit sales growth of adult athletic shoes helped propel Shoe Carnival Inc. to a superb second quarter, sparking the retailer to sharply raise its full-year guidance, but the company could struggle to maintain momentum in that category moving ahead.
DSW Delivers Blowout Q2
Boosted by robust seasonal, athleisure and kids sales, DSW Inc. reported second-quarter results that came in well-above expectations and hiked its guidance for the year. The launch of VIP rewards along with digital marketing investments in particular drove traffic to both DSW’s warehouses and website.
Superfeet: Taking Shape To New Realms
Superfeet has grown more than 40 percent in the last five years, moved into footwear and 3D-printing, become 100-percent employee owned and now has a new mission statement. John Rauvola, Superfeet’s CEO, discusses the new mission, emerging opportunities in new and old areas, and the company’s unique culture.
Moosejaw Brings Premium Outdoor To Walmart.com
In an interview with SGB Executive, Eoin Comerford, general manager of Outdoor, Walmart U.S. e-commerce and CEO of Moosejaw, said Wal-Mart’s “whole strategy” in acquiring several specialty e-tailers was to bring a “wider assortment” to the Walmart.com platform. A curated website distinct from the Moosejaw.com website was eventually seen as the best path for both businesses.
