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.
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.
