Lululemon Founder Slams Ex-Company, Calls For Board Changes
A little more than a year after resigning as a director, Lululemon Athletica Inc.’s founder Chip Wilson is back in the grill of Lululemon’s board.
Vestis to Pay for Goods Received 20 Days Prior to Bankrupcty
Vestis Retail Group LLC expects to pay claims totaling $8-$10 million for goods Sport Chalet, Eastern Mountain Sports and Bob’s Stores received in the 20 days preceding its Chapter 11 bankruptcy, according to court filings.
G-III Apparel Q1 Stymied by Warm Winter
While coming in better than management’s low expectations, G-III Apparel Group Ltd. reported net income for the first quarter fell 58.8 percent.
Under Armour Not Immune to Sports Authority Bankruptcy
Under Armour said it expects to take a $23 million impairment charge in the second quarter related to Sports Authority’s liquidation while it also lowered its outlook for the year.
SSI Data: Sport Footwear Sales Up, But Average Sale Prices Dip in First Quarter
Sales of Sport Footwear sold at industry retail rose 7.3 percent in dollars and 9 percent in units during the 13-week, fiscal spring 2016 quarter (January 31-April 30), according to SSI Data*, but average selling prices dipped 1.5 percent.
Halfords Forecasts Continued Spending on Slowing Cycling Business
After two years of double-digit growth triggered by British victories on the pro circuit, Halfords Group plc said it expects its cycling sales to grow 3-5 percent in coming years through the opening of Cycle Republic stores and acquisition of other bicycle dealers.
My Trail Co. and SlingFin Among First to Use New Crowdfunding Law
Former GoLite Owner Demetri Coupounas has surpassed his $50,000 first round fundraising goal for his new company My Trail Company on WeFunder 10 days after it and other crowdfunding sites were authorized to begin soliciting mom-and-pop investors.
Famous Footwear Leans on Athletic Lifestyle in Face of Shifting Buying Habits
Famous Footwear became the latest chain to benefit from the current strong trend toward lifestyle athletic footwear to help offset the challenges from many other categories.
Deckers Brands Crowns New CEO Amid New Challenges
Deckers Brands reported a net loss, but adjusted earnings for its fourth quarter ended March 31 that topped Wall Street’s consensus estimate as double-digit gains for Ugg, Teva and Hoka One One and expense controls helped offset margin pressures caused by winter inventory gluts in the marketplace.
Tilly’s CEO Defends Rising Omni-channel Costs
Though growing e-commerce sales trimmed gross margins at Tilly’s Inc. in the quarter end May 2, the retailer’s CEO argues omni-channel expansions remains the best way to reverse declining mall traffic.
Genesco’s Q1 Boosted by Lids Bounce Back
Genesco Inc. reported a modest gain in first-quarter earnings, but came out well ahead of Wall Street’s target, thanks to a surprise profit turnaround at its long-struggling Lids Sports Group segment.
Speedo, Izod Parent Beats First-Quarter Guidance
PVH Corp. the parent of Izod and Speedo, reported earnings excluding non-recurring items were basically flat in the first quarter but ahead of internal guidance.
Mammut Starts Search for CEO Rolf Schmid’s Successor
Mammut Sports Group CEO Rolf G. Schmid will resign after 16 years of leading the Swiss outdoor brand as soon as parent company Conzzeta AG can hire his successor.
DSW Hopes Athletic Focus Drives Back-Half Turnaround
DSW Inc. said athletic shoes again delivered strong gains in the first quarter, encouraging the chain to take more steps to become a key shoe destination for the athleisure customer.
Sportsman’s Warehouse Says Growing Competition Won’t Slow Expansion
Sportsman’s Warehouse Holdings Inc. reiterated plans to grow its store count 10 percent annually despite reporting competitors’ new stores were the main contributor to a decline in same-store sales in its fiscal first quarter.
