SGB Executive Sports & Fitness
Skechers’ Shares Crash On Weak Guidance
Shares of Skechers USA Inc. were trading down about 25 percent in mid-day trading Friday after the company issued softer-than-expected sales and earnings forecasts for its fiscal second quarter following a solid start to the year.
Susquehanna International Cuts Nike’s Price Target On Executive Departures
Susquehanna International Group lowered its price target for Nike shares to $59 from $62 due to heightened risks at the company following a number of senior-level departures in recent weeks after allegations of inappropriate workplace behavior arrived.
Study: Nike Recognized For Rep
Nike ranked second among American’s Most Reputable Companies by the Reputation Institute, a leading research and advisory firm focused solely on corporate reputations. The US RepTrak rankings measure the public’s perception of companies based on seven dimensions: innovation, leadership, governance, citizenship, workplace, performance, and products.
Wells Fargo Upgrades Newell Brands On Potential Further Sales
Wells Fargo raised its rating on Newell Brands due to expectations that proceeds from divestitures will come in greater than planned. West Fargo expects the second round of asset sales will include Newell’s outdoor & recreation division, which includes Coleman, along with outdoor apparel and beverage brands; and its fishing brands.
SFIA: Sporting Goods Scores Highest Annual Growth In Three Years
SFIA’s 2018 Manufacturers’ Sales Report showed sales in the sports and fitness industry grew 2.9 percent in 2017, representing the best annual growth in three years. Strong category performance was seen in basketballs, batting gloves, camping coolers, sports bras, fitness/workout footwear and fishing equipment.
Aisle Talk Week Of April 9
Top headlines from the active lifestyle industry you may have missed this week.
College Basketball Scandal Spreads To Kansas And NC State
Kansas and North Carolina State have joined Louisville and Miami (Fla.) in the FBI’s ongoing probe into corruption in college basketball as federal prosecutors in New York added additional criminal counts to the indictment of former Adidas executive Jim Gatto.
Adidas And Vans Winning With Teens
Adidas, Vans, Supreme, Champion and Lululemon all saw a strong uptick in mindshare among teens in Piper Jaffray’s 35th semi-annual Taking Stock With Teens survey. Nike, Converse and Under Armour all lost ground.
Nike Continues Tech-Buying Binge
The acquisition of Invertex promises to move Nike further down the road of being able to offer more personalization and customization to consumers while addressing the complexities of finding the correct shoe size online.
What Can JD Sports Bring To U.S. Sneaker Retailing?
While British retailers generally have a poor track record finding success in the U.S. retail marketplace, JD has the potential to create a strong number two beyond Foot Locker in U.S. sneaker retailing with its pending acquisition of Finish Line. That’s at least according to a few analysts in the U.K. who closely follow JD.
Retail 10-K Round-Up For 2017
A scan of just-released 10-K filings shows Under Armour’s sales fell sharply at both Dick’s Sporting Goods and Hibbett Sports in 2017, Adidas rebounded at Hibbett, Nike continued to dominate open-to-buys for Foot Locker and more insights into vendor allocations.
Aisle Talk Week Of April 2
Top headlines from the active lifestyle industry you may have missed this week.
Newell Brands’ Proxy Fight Still A Go
Believing the company’s recent partnership with famed billionaire investor Carl Icahn will be enough to fix the company, activist investor Starboard Value LP said it has no plans to drop its proxy fight against Newell Brands.
Nike Admits To Diversity Shortcomings
Coming a few weeks after allegations of inappropriate workplace behavior led to changes in the executive ranks, Nike Inc. in a memo to employees admitted to shortfalls in hiring and promoting more women and minorities to senior-level positions.
Adam Sussman Talks Up Nike’s Digital Connections
At a keynote session at Shoptalk in Las Vegas, Adam Sussman, Nike’s chief digital officer, discussed the brand’s digital transformation and how Nike is tailoring its approaches to best connect with three distinct customer segments: the Weekend Runner, Style Shopper and Dedicated Sneakerhead.
