Foot Locker Fights Off Basketball Woes for Solid First Quarter
Foot Locker Inc. reported a 3.8-percent gain in earnings in its first quarter, matching Wall Street estimates. But the gain was impressive given the overall challenges at retail.
Hibbett Sports Expanded Lifestyle Offering Driving Comp Growth
Hibbett Sports Inc.’s growing assortment of lifestyle apparel and footwear enabled it to grow same-store sales and average ticket in its fiscal first quarter.
Sports Chalet, EMS Merchandise Commands Higher Liquidation Bids
Liquidators are valuing merchandise at 47 Sport Chalet and eight Eastern Mountain Sports (EMS) stores being closed by bankrupt Vestis Retail Group LLC much more richly than merchandise they are liquidating at 436 Sports Authority stores, bankruptcy court records show.
Shoe Carnival E-Commerce Spending Draws Fire
Shoe Carnival Inc. executives faced an onslaught of questions about the profitability of the retailer’s online sales May 19, despite reporting record first-quarter results, as analysts reacted to a report that massive spending on e-commerce is eroding margins at U.S. retailers.
Dick’s Sporting Goods Sees Sports Authority Hangover
It’s only May, but Dick’s Sporting Goods Inc. is already looking forward to 2017.
SIA Drops Plan For Earlier Show Dates
SnowSports Industries America (SIA) announced May 19 that it will drop plans to move its annual trade show up nearly two months to early December, deciding to keep the show at its previous late-January time frame.
New Overtime Rules Will Restructure Pay For Many Industry Employees
In the active-lifestyle industry, where many work countless extra hours for the passion of the job and/or cause, new federal overtime rules are likely to have a big effect. The U.S. Department of Labor announced May 18 that it will more than double the minimum annual salary to $47,476, which company will have to pay […]
Boot Barn Earnings Hit by Commodity Pressures
Boot Barn Holdings Inc.’s earnings on an adjusted basis slumped 46.1 percent in its fiscal fourth quarter ended March 26, continuing to feel the impact from low commodities prices on some of its key markets.
Perry Ellis Q1 Boosted by Golf and Nike Swim
Perry Ellis International Inc. first-quarter results were boosted by stronger margins in its men’s sportswear, golf lifestyle and Nike Swim businesses, and cost savings realized through the ongoing infrastructure review.
Lenzing Sales Rise on Firm Prices for its Wood-based Fibers
Lenzing, a leading supplier of wood-based fibers used in athletic and outdoor apparel, expects profits to improve substantially this year despite low prices for competing cotton and petroleum-based synthetic fibers.
Marmot Cuts Six Positions, Including Two VPs
Marmot Mountain LLC confirmed it eliminated six positions, including two vice presidents, last week as part of a restructuring following the April 15 acquisition of its former parent company Jarden Corp. by Newell Brands Inc.
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SGB Executive will bring original news, analysis and insight across the active-lifestyle industry on a daily basis.
Remington Outdoor Q1 Profits Bounce Back
Remington Outdoor Co. earned $22.2 million in the first quarter ended March 27, rebounding from a loss of $13.2 million a year ago.
TJX CEO Wants to Tone Down Promotions at Sierra Trading Post
TJX Companies Inc., which continues to outperform its full-price rivals, wants Sierra Trading Post to become less promotional, President and CEO Ernie Herrman said May 17.
Intersport International Inc. Names Amer Sports Exec as Next CEO
Intersport International Inc. (IIC) named Amer Sports’ top marketing and retailing executive and West Point graduate Victor Duran as its first new CEO in 16 years.
