SGB Executive Sports & Fitness
Aisle Talk Week of August 13
Top headlines from the active lifestyle industry you may have missed this week, including VF Corp.’s market-moving news that the company is spinning off its jeans division and relocating to Colorado along with The North Face, Smartwool and other brands.
Sport Chek Looks To Broaden Reach In Reset
Sport Chek, Canada’s largest sporting goods chain owned by Canadian Tire Inc., will be undergoing a repositioning to appeal to a broader range of consumers beyond millennials and “achievers,” Canadian Tire officials said on the company’s second-quarter conference call.
Aisle Talk Week Of August 6
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. facing a class-action lawsuit for discrimination.
Adidas U.S. Momentum Continues
Adidas AG’s earnings more than doubled in the second quarter, thanks to a boost from the World Cup and continued over-sized growth in North America and China. Adidas Brand’s 15.6 percent currency-neutral gain in North America eased concerns that the brand was losing ground in the U.S. to Nike’s resurgence.
Gaiam, And1 & Avia Boost Sequential Brands Group’s Q2
Sequential Brands Group Inc.’s active brands of Gaiam, And1 and Avia again drove growth for the parent company in the second quarter, and their performance in brick-and-mortar stores highlighted not only growing market share but resiliency in the channel.
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
Delta Apparel Seeing Benefits From Vertical Manufacturing Model
Delta Apparel said the company’s vertical manufacturing model helped support robust revenue gains at FunTees, the company’s private label apparel business, to drove yet another quarter of earnings and revenue growth. Soffe was stung by declining military sales while Salt Life was down modestly due to poor early-spring weather in the company’s core Southeast market but its sales are re-accelerating in summer months.
Dorel Sports’ Revenues Bounce Back In Q2
Helped by better weather and the success of new bike introductions from Cannondale and GT, Dorel Sports segment sales climbed 7.4 percent in the second quarter to $224.5 million while expanding 6.5 percent on a currency-neutral basis.
GoPro Weathering Global Component Shortage
A global shortage of the passive components that GoPro Inc. integrates into the company’s action cameras has created a significant supply chain challenge, yet the company remains confident in being able to weather the disruption and meet increased product demand beginning in the first quarter of 2019.
Aisle Talk Week of July 30
Top headlines from the active lifestyle industry you may have missed this week, including Shimano releasing the company’s earnings for the first half of 2018.
Callaway Golf Delivers Another Blowout Quarter
Shares of Callaway Golf were trading ahead 12 percent in early-afternoon trading Friday as the company’s second-quarter sales and earnings easily topped projections. With earnings and sales exceeding guidance for the sixth straight quarter, Callaway again raised guidance for the year.
Acushnet’s Raises Revenue Outlook As Growth Accelerates In Q2
Acushnet Holdings Corp., the parent of Titleist and Footjoy, lifted revenue guidance for the year after reporting a return to double-digit growth in the second quarter.
Garmin Raises Wearable Stakes With Expanded Sensor Technology
Garmin Ltd.’s ability to meet growing customer demands for better technology in wearables was on display in the company’s Q2 earnings report. Garmin reported better-than-expected quarterly profit in the second quarter ended June 30 and raised its full-year forecast in the process.
Can Champion Offset Loss Of Target Mega-Deal?
Shares of HanesBrands fell $4.30, or 19.3 percent, to $17.96 on Wednesday after management said the wildly-successful C9 by Champion line would be exiting Target once the contract expires in January 2020. Gerald W. Evans Jr., Hanesbrands CEO, said the brand is close to maturity on Target’s selling floors and the company was sticking to its target for Champion’s global sales to reach over $2 billion by 2022.
Weakness In Camping, Water Sports Sinks Big 5 Sporting Goods’ Q2
Poor weather around the country stymied the sales of camping and water sports products at Big 5 Sporting Goods Corp. stores in the back half of the second quarter, driving down income and revenue for the company during the period.
