SGB Executive Sports & Fitness
Genesco Sees Major Store Closings In Coming Years
Speaking at the Baird Global Consumer, Technology & Services Conference, Bob Dennis, chairman, president and CEO of Genesco, the parent of Journeys and Lids, said he expects the company will be operating “significantly fewer” stores over the next five years due to continuing declines in mall traffic.
G-III Apparel’s Shares Soar On Raised Guidance
Shares of G-III Apparel Group jumped $3.03, or 15.2 percent, to $22.92 Tuesday after the outerwear and sportswear maker hiked its full-year guidance while reporting first-quarter earnings that beat estimates.
Lululemon Q1 Boosted By Enlite Run Bra Launch
Shares of Lululemon climbed $5.62, or 11.6 percent, to $54.29 Friday in over-the-counter trading after the yoga-themed retailer reported the momentum regained in the first quarter continued through the second with the help of strong launches. Management raised its guidance for the full year.
Aisle Talk, Week Of May 29
Top headlines from the active lifestyle industry you may have missed this week.
SIA President Talks Up Merits Of Winter Mega-Show
Believing the merger of the Outdoor Retailer show and the SIA Snow Show is “going to provide a lot of activity and a lot of prosperity for our industry,” Nick Sargent, president of SIA, for the first time addressed Emerald Exposition’s acquisition of the Snow Show with his organization’s members.
Newell’s Winter Sports Unit Sold To PE Firm
Newell Brands Inc. said Friday it reached a definitive agreement to sell its Winter Sports businesses, formerly part of Jarden Group, to Kohlberg & Company, the private equity firm, for $240 million.
Aisle Talk, Week Of May 22
Top headlines from the active lifestyle industry you may have missed this week.
Momentum At Ugg And Hoka Boosts Deckers Brands Q4
Helped by cost-cutting initiatives and a better-than-expected top-line performance from Ugg, Hoka and direct to consumer (DTC) overall, Deckers Brands reported both earnings and sales for the fourth quarter ended March 31 came in above guidance.
Genesco’s Shares Plunge 23 Percent On Reduced Outlook
Shares of Genesco Inc. tumbled $10.15, or 22.8 percent, to $34.40 on Thursday after the company slashed its guidance for the year due to weak store traffic in its U.S. businesses and expectations that the turnaround at Journeys would take longer than originally estimated.
Foot Locker’s Shares Tumble On Tempered Outlook
“While we remain optimistic that we can accelerate our momentum over the second half of 2017 to reach mid-single-digit comparable sales gains, we are developing a Plan B, so to speak, in case recent sales trends continue,” said Dick Johnson, chairman and CEO.
Aisle Talk, Week Of May 15
Top headlines from the active lifestyle industry you may have missed this week.
Is A Mega-Winter Show Headed To Denver?
SIA’s deal to sell the Snow Show to Emerald Expositions, the parent of Outdoor Retailer, positions Denver in a prime position to become the next home to a combined winter show as well as Outdoor Retailer Summer Market.
Golf And Nike Swim Stand Out For Perry Ellis In Q1
Perry Ellis International Inc. continues to see strength in both golf apparel, led by Callaway, as well as Nike Swim, as both segments enter their prime selling periods.
Athleta’s Momentum Continues For Gap
On a conference call with analysts, Arthur Peck, The Gap’s CEO, said Athleta continues to be an “exceptional performer” and remains “one of our key growth brands.”
Hibbett Sports Sees Comps Bouncing Back In Second Half
Hibbett Sports reported earnings fell in the first quarter, as projected, on lower sales with continued weakness in legacy sports product. But it also indicated same-store sales are likely to drop again in the second quarter. On the positive side, officials remain hopeful that improved allocations of footwear, its new store-to-home capabilities and the third-quarter launch of e-commerce will provide fresh revenue streams in the back half.
