Wolverine World Wide’s Q2 Encourages Investors
Wolverine World Wide Inc.’s stock surged Tuesday after it reported second quarter results and said it is nearly ready to sell underperforming brands.
Oil Patch Region Business Hampers Boot Barn
Boot Barn Inc. reported earnings plunged 72.5 percent in its fiscal first quarter ended June 25, to $624,000, or 2 cents a share. While same-store sales improved, the retailer continued to be impacted by softness in regions impacted by low oil and commodities prices.
Under Armour Heads Down Market to Kohl’s
Quickly finding a replacement for Sports Authority, Under Armour on Tuesday revealed plans to start selling to Kohl’s starting in 2017.
Shimano Corp. Slashes 2015 Guidance
Shimano Corp. expects sales to fall twice as fast this year than it did three months ago due to a global oversupply of bicycles.
Bankruptcies, MAP Hurt Oakley, Ray-Ban in U.S.
Luxottica Group lowered its guidance to reflect the impact retail bankruptcies and a new MAP policy are having on U.S. sales of its Oakley and Ray-Ban brands.
VF Corporation Cuts Forecast as Retailers Dial Back
VF Corporation lowered the full-year outlook for its flagship Outdoor & Action Sports Coalition amid very conservative ordering by U.S. retailers.
Accell Group’s Results Charged Up By E-Bikes
Accell Group N.V. reported sales rose 9.7 percent in its first half ended June 30, to €629.7 million ($690.5 mm), boosted by sales of electronic bikes. Profits expanded 6.6 percent to €34.0 million ($37.3 mm).
Thule’s U.S. Sales Stall Amid Retail Turmoil
Retail bankruptcies and weak bike sales in the United States slowed Thule Group’s growth to a crawl in the Americas in the second quarter ended June 30.
By The Numbers, Week of July 18
Stats, figures and earnings that caught our eyes in the active-lifestyle industry this week.
Skechers Q2 Bogged Down by Domestic Sales Weakness
Strong double-digit growth from its international business and company-owned retail channel couldn’t offset a myriad of financial and logistical challenges in the second quarter for Skechers USA.
Aisle Talk, Week of July 18
A quick hit of the industry’s movers and shakers this week — hires, promotions, recognitions and new locations.
SSI Data: Sport Footwear Sales Jump in June
Despite some pricing pressures from retail bankruptcies and liquidations in the market, SSI Data’s latest retail point-of-sale figures for the fiscal month of June showed Sport Footwear sales rising 12.9 percent in dollars and by 19.9 percent in units.
Big 5, Walmart Poised to Pick Up Sports Authority Sales
Big 5 Sporting Goods and Walmart emerged as the biggest potential beneficiaries of Sports Authority’s demise based on an analysis of foot traffic.
GOP Platform Would Erase Many Rec Lobby Gains
The Republican Party platform released Tuesday urges Congress to pass legislation requiring the federal government to convey certain public lands to states.
Can a New EMS and Bob’s Survive Under Old Management?
Eastern Mountain Sports and Bob’s Stores exited bankruptcy reorganization July 19 under a new entity called Eastern Outfitters LLC, but its ownership and leadership pretty much remain the same.
