Timberland Looks To Diversify To Grow
Timberland plans to aggressively push further into women’s footwear, casual footwear overall and men’s apparel to jumpstart growth in the years ahead. Other key growth priorities included direct-to-consumer and China.
The North Face To Ramp Up Segmentation Efforts
Arne Arens, general manager, Americas, The North Face, told the investment community, “Through these segmentation efforts, we will build a differentiated consumer experience across channels and across tiers, maximizing revenues but also assuring a premium positioning across the entire spectrum of distribution.”
Aisle Talk, Week Of April 3
Top headlines from the active lifestyle industry you may have missed this week.
EMS And Bob’s Stores Continue To Shrink
The closings would leave EMS with 24 locations and Bob’s Stores with 14.
How Does Emerald Expositions Make Money?
Emerald Expositions Events Inc.’s initial public offering reveals that its collection of sports-related trade shows, including Outdoor Retailer, Surf Expo and Interbike, are growing at a steady double-digit rate with healthy booth renewal rates. But particularly impressive is its overall robust profit margins and cash flow conversion.
Majestic Deal: A Win For Fanatics And Easton, PA
At a media event held at Majestic’s plant in Easton, PA, Fanatics Owner and Executive Chairman Michael Rubin said he was “incredibly proud of the craftsmanship that goes into a Major League Baseball jersey and that we’re going to continue to have this be a Made in America product.”
VF Looks To Jumpstart Acquisitions
“History has shown and we continue to believe that M&A is our highest and best use of capital,” said Scott Roe CFO and VP, at the company’s annual Investor Day. “And it remains our first priority.”
Payless Seeks Debt Restructuring In Bankruptcy Proceedings
Among the U.S. firms left with unsecured claims were Fila USA, New York, NY, owed $5.17 million, as well as two licensing partners, Champion Athleticwear, Winston-Salem, NC, owed $1.41 million; and E.S. Originals, Inc., New York, NY, owed $1.25 million.
Remington Outdoor Undergoes Layoffs Amid Weakness In Firearms Sales
Remington wrote in its report. “We believe the change in the presidential administration has partially contributed to the industry slowdown in early 2017. These dynamics have led to higher or increasing inventory levels in the market associated with certain hunting and shooting related products.
Where Is VF Corp.’s Growth Coming From?
Hyper-growth online at both its DTC (direct to consumer) and wholesale accounts, continued momentum with Vans and outsized expansion overseas, especially in China, are being counted on to reach its new five-year growth goals.
Gander Mountain Still Hopes For Going-Concern Sale
Despite reaching a deal with a group of liquidators to become the stalking horse bidder in a planned bankruptcy auction, Gander Mountain said it remains in talks with strategic investors interested in buying the retailer on a going-concern basis.
Aisle Talk, Week Of March 27
Top headlines from the active lifestyle industry you may have missed this week.
Study Shows Slight Increase In Activity Levels Among Americans
“This year’s PAC Report tells two stories, said Tom Cove, Sports & Fitness Industry Association president and CEO. “In a positive sign, more Americans were healthy to an active level and even moderate activity levels increased. On the other hand, the number of inactive Americans remains dangerously and unacceptably high.”
Why Did Lululemon’s Shares Crash?
Total comparable sales on a constant-currency basis in the first quarter are projected to decrease in the low single digits, which would mark Lululemon’s first quarterly same-store sales decline since 2009.
Asics Establishes Boston Base
Said Gene McCarthy, president and CEO, Asics America, in an interview with SGB, “Setting up a global hub in Boston allows us to better align with our strategic initiatives and focus on key areas for growth, including our apparel and digital teams.”
