Columbia Sportswear Launches Project CONNECT Execution Plan
While reporting second-quarter results that were slightly better than expected, Columbia Sportswear announced that it had launched a new transformation plan, entitled Project CONNECT, to adjust to the “accelerating structural change” facing retail.
Aisle Talk, Week Of July 24
Top headlines from the active lifestyle industry you may have missed this week.
Brunswick’s Fitness Segment Sees U.S. Growth Challenged By Changing Gym Routines
Mark Schwabero, Brunswick Corp.’s CEO, stated, “As we assess the current U.S. market we believe that traditional clubs are slowing investments as they evaluate alternatives in response to some changing exercise preferences.”
Adidas Lifts Outlook For Second Time This Year
Revenues are now expected to increase between 17 and 19 percent on a constant currency basis for the year, compared to previous estimates of 12 to 14 percent growth.
Deckers Q1 Boosted by Early Delivery And Healthy Re-Orders
Benefiting from earlier-than-expected shipments and strong reorders for both its Ugg and Hoka One One brands, Deckers Brands reported first-quarter earnings and sales that came in well above targets.
Amer Sports Q2 Impacted by Restructuring, Sales Set To Pick Up In Back Half
Heikki Takala, president and CEO, told analysts Amer saw strong growth in most of its strategic priority areas. These include apparel, up 22 percent; owned retail, up 25 percent overall with same-store sales growth of 7 percent; e-commerce, vaulting 45 percent; and China, up 20 percent.
Camping World Adds TheHouse.com
Following its move into the hunt & fish space with its acquisition of Gander Mountain and Overton’s, Camping World is moving into the board and bike space by acquiring Minnesota’s TheHouse.com.
Puma Rides Women’s Momentum To Robust Q2
On a press conference call, Bjørn Gulden, Puma’s CEO, particularly credited Puma’s success in reestablishing traction in the footwear category and ongoing momentum in women’s. He said, “We still have a lot improve and I don’t celebrate this as a huge success but it’s another step in the right direction.”
Shimano Lowers Full-Year Guidance On Subpar First Half
Blaming weak economies in many regions of the world, Shimano Inc. reported earnings and sales declined in the first half and lowered its earnings guidance for the full year.
Rocky Brands Profits Rebound As Sales Stabilize
Said Jason Brooks, Rocky Brand’s new CEO, on a conference call with analysts, “Similar to the first quarter, our branded wholesale business showed signs of stabilizing.”
Luxottica Sees North America Return To Growth In Q2
On a conference call with analysts, Stefano Grassi, CFO, said the wholesale gains were driven by sales to independent opticians and key accounts that more than offset the weakness of the department store and sports channels.
SSI Data: Core Categories Keep Outdoor Footwear Sales Afloat in Calendar First Half
Internet growth easily outpaces brick & mortar gains in the period ended July 1. Outdoor footwear sales grew more than 2 percent in the calendar first half of the year, with strength in hiking boots, backpacking boots and approach footwear offsetting sales declines in outdoor casual footwear and fishing waders. The core functional hiking and […]
VF Lifts Outlook On North Face And Vans Momentum
VF Corp. raised its guidance for the year due to stronger-than-expected growth in the second quarter in its Outdoor & Action sports coalition, driven by its Vans and The North Face; as well as above-plan sales across its its D2C channel, led by digital.
Hibbett’s Shares Crash On Profit Warning
Shares of Hibbett Sports Inc. tumbled $6.60, or 33.5 percent, to $13.10 on Monday after the sporting goods chain warned that second-quarter results would arrive far short of expectations.
Skechers’s Q2 Growth Heats Up
Skechers said it continues to be the leading walk, work and casual footwear brand and is second for the categories of all footwear and all casual athletic.
