Aisle Talk, Week Of May 22
Top headlines from the active lifestyle industry you may have missed this week.
Momentum At Ugg And Hoka Boosts Deckers Brands Q4
Helped by cost-cutting initiatives and a better-than-expected top-line performance from Ugg, Hoka and direct to consumer (DTC) overall, Deckers Brands reported both earnings and sales for the fourth quarter ended March 31 came in above guidance.
Athletic Powers Caleres To Above-Plan Quarter
With athletic continuing to pace Famous Footwear’s sales and Under Armour set to arrive in June, Caleres Inc. reported earnings in the first quarter that were down but ahead of Wall Street’s targets.
Genesco’s Shares Plunge 23 Percent On Reduced Outlook
Shares of Genesco Inc. tumbled $10.15, or 22.8 percent, to $34.40 on Thursday after the company slashed its guidance for the year due to weak store traffic in its U.S. businesses and expectations that the turnaround at Journeys would take longer than originally estimated.
Shoe Carnival Seeing Uptick In Spring Sales
Shoe Carnival indicated that its sandals business picked up nicely in May and it will be reallocating inventory dollars to athletic and athleisure categories due to continued strength in those areas.
Tilly’s Shares Pop On Q1 Beat
Shares of Tilly’s Inc. jumped $1.12, or 13.1 percent, to $9.70 after the action-sports themed retailer narrowed its Q1 loss while exceeding internal guidance for earnings and sales.
DSW Finds Athletic Strength Can’t Offset Dress Weakness
Debbie Ferree, chief merchandising officer, said the athleisure strength represents solid demand for performance athletic and fashion athletic on the women’s and the men’s side that are not performance brands.
Sportsman’s Warehouse Battles Soft Firearm Demand
The company reported a net sales increase of 3.5 percent to $156.9 million, up from $151.6 million in the first quarter of fiscal year 2016. Same store sales decreased by 6.9 percent over the same period.
Foot Locker’s Shares Tumble On Tempered Outlook
“While we remain optimistic that we can accelerate our momentum over the second half of 2017 to reach mid-single-digit comparable sales gains, we are developing a Plan B, so to speak, in case recent sales trends continue,” said Dick Johnson, chairman and CEO.
Aisle Talk, Week Of May 15
Top headlines from the active lifestyle industry you may have missed this week.
Is A Mega-Winter Show Headed To Denver?
SIA’s deal to sell the Snow Show to Emerald Expositions, the parent of Outdoor Retailer, positions Denver in a prime position to become the next home to a combined winter show as well as Outdoor Retailer Summer Market.
Golf And Nike Swim Stand Out For Perry Ellis In Q1
Perry Ellis International Inc. continues to see strength in both golf apparel, led by Callaway, as well as Nike Swim, as both segments enter their prime selling periods.
Athleta’s Momentum Continues For Gap
On a conference call with analysts, Arthur Peck, The Gap’s CEO, said Athleta continues to be an “exceptional performer” and remains “one of our key growth brands.”
Hibbett Sports Sees Comps Bouncing Back In Second Half
Hibbett Sports reported earnings fell in the first quarter, as projected, on lower sales with continued weakness in legacy sports product. But it also indicated same-store sales are likely to drop again in the second quarter. On the positive side, officials remain hopeful that improved allocations of footwear, its new store-to-home capabilities and the third-quarter launch of e-commerce will provide fresh revenue streams in the back half.
Dick’s To Rein In Expansion After Rocky Q1
Said Ed Stack, chairman and CEO, “In 2017 we expect to open approximately 43 Dick’s stores, of which 19 are former TSA stores. In 2018 we expect to open between 15 to 20 stores – most of these leases are already signed. And in 2019 it can be as few as 5 to 10.”
