Aisle Talk, Week Of June 5
Top headlines from the active lifestyle industry you may have missed this week.
Vail Resorts Wraps Up Strong Winter Season
Vail Resorts Inc. closed out the winter season with strong third-quarter results as strong visitations to recently acquired Whistler Blackcomb as well as Park City helped offset the impact of weaker snowfall in Colorado.
Camping World Will Seek To Undercut Competition With New Gander Stores
Speaking at Stephens 2017 Spring Investment Conference, Marcus Lemonis, chairman and CEO of Camping World, said the company is not only planning to reduce the amount of firearms in the reborn Gander Mountain stores but also vowed to underprice any nearby competition.
Duluth Holdings Reports 21.9 Percent Sales Increase For Q1
Both its men’s and women’s business saw positive momentum led by new products such as Bullpen Underwear, Ballroom Khakis and the No-Yank Tank.
Genesco Sees Major Store Closings In Coming Years
Speaking at the Baird Global Consumer, Technology & Services Conference, Bob Dennis, chairman, president and CEO of Genesco, the parent of Journeys and Lids, said he expects the company will be operating “significantly fewer” stores over the next five years due to continuing declines in mall traffic.
G-III Apparel’s Shares Soar On Raised Guidance
Shares of G-III Apparel Group jumped $3.03, or 15.2 percent, to $22.92 Tuesday after the outerwear and sportswear maker hiked its full-year guidance while reporting first-quarter earnings that beat estimates.
Canada Goose Q4 Benefits From DTC Expansion
DTC revenues nearly tripled in the quarter to Canadian$36.5 million (U.S.$27 mm) and drove an improvement of 950 basis points in gross margin.
Boot Barn Facing Headwinds From Oil-Dependent States
Boot Barn said same-store sales have improved in the first two months of the current quarter in states impacted by oil and other commodities. The company also announced the acquisition of the Country Outfitters e-commerce site.
Lululemon Q1 Boosted By Enlite Run Bra Launch
Shares of Lululemon climbed $5.62, or 11.6 percent, to $54.29 Friday in over-the-counter trading after the yoga-themed retailer reported the momentum regained in the first quarter continued through the second with the help of strong launches. Management raised its guidance for the full year.
Aisle Talk, Week Of May 29
Top headlines from the active lifestyle industry you may have missed this week.
Zumiez Beats Plan For Third Straight Quarter
Said Richard Brooks, CEO, “Overall, small traffic trends for the quarter in total appear to be more challenging than the industry expected. While we are not immune to these challenges, we are encouraged to see our third consecutive quarter of positive comparable sales and transaction gains.”
SIA President Talks Up Merits Of Winter Mega-Show
Believing the merger of the Outdoor Retailer show and the SIA Snow Show is “going to provide a lot of activity and a lot of prosperity for our industry,” Nick Sargent, president of SIA, for the first time addressed Emerald Exposition’s acquisition of the Snow Show with his organization’s members.
Outdoor Execs Lobby For Outdoor Retailer Show Move To Denver
Five industry leaders – Beaver Theodosakis, Kim Miller, Dan Nordstrom, Casey Sheahan and Dawson Wheeler – penned an open letter urging the event’s stakeholders to choose Denver as the future destination of the show.
Cabela’s Details Bass Pro Merger Process
Cabela’s Inc. was quietly considering selling the company in early 2015, months before activist investor, Elliott Management, pushed the retailer to explore strategic alternatives, including a sale. That’s according to recently-filed documents by Cabela’s with the Securities & Exchange Commission that details the background that led to Bass Pro’s blockbuster deal to merge with Cabela’s. […]
Newell’s Winter Sports Unit Sold To PE Firm
Newell Brands Inc. said Friday it reached a definitive agreement to sell its Winter Sports businesses, formerly part of Jarden Group, to Kohlberg & Company, the private equity firm, for $240 million.
