SGB Executive Sports & Fitness
Deckers Brands Receives Director Nominations From Marcato Capital Management
Deckers Brands confirmed that affiliates of Marcato Capital Management have nominated 10 director candidates to stand for election to the Board of Directors at Deckers’ 2017 Annual Meeting of Stockholders.
Aisle Talk, Week Of September 4
Top headlines from the active lifestyle industry you may have missed this week.
Strong Start For Hero 6 Lifts GoPro’s Q3 Results
Boosted by a strong early response to the launch of the Hero 6, GoPro Inc. hiked its guidance for revenue and gross margin for its third quarter ended September 30.
Under Armour Emphasizing Activation Over Acquisition
At the Goldman Sachs Annual Global Retailing Conference in New York City, Kevin Plank, Under Armour’s CEO, noted that there’s a “much farther difference” between the number two and three playing in the sporting goods industry than three versus four with its two competitors five to seven times larger than Under Armour. As such, Under Armour has to remain smart about its investments to protect its bottom line. Stated Plank, “We have to be the ones who play ‘Moneyball.’”
Gap, Inc. Sees Potential In Athletic Wear Market
As many retailers have done, Gap Inc. plans to focus on its fitness and lifestyle brand, Athleta, which is on track to reach $1 billion in revenue within the next few years.
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
Lululemon Q2 Boosted By Online Expansion, To Target Mens
Lululemon’s Q2 benefited from an acceleration of online revenues, improving traffic at its stores, and several product launches. The yoga-themed retailer also revealed plans to introduce its first men’s-focused marketing campaign.
Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
Famous Footwear’s Parent’s Shares Pop On Promising BTS Results
Shares of Caleres rose $1.86, or 7.5 percent, to $26.67 on Wednesday after the company indicated its Famous Footwear chain delivered its best back-to-school performance since 2013.
Finish Line’s Shares Tumble On Slashed Outlook
Shares of Finish Line fell $1.92, or 18.5 percent, to $8.50 on Tuesday after the retailer significantly reduced its profit outlook for the full year amid disappointing sales in recent months.
Aisle Talk, Week Of August 21
Top headlines from the active lifestyle industry you may have missed this week.
Nike Swim And Golf Lifestyle Boost Perry Ellis’ Q2 Results
Golf Lifestyle Sportswear’s sales increased by mid teens with over 28 percent growth by Callaway apparel as well as strong contributions from PGA Tour, Jack Nicklaus and Ben Hogan. Nike Swim’s gross sales were up double digits.
Outdoor Participation Shows Some Recovery
The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report found that 48.8 percent of the U.S. population participated in an outdoor activity at least once in 2016, up from 48.4 percent in 2015.
NSGA Highlights Importance Of Physical Retail
The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.
Study: Over Half of Online Shoppers Prefer Shopping Directly With Brands Over Retailers
The survey of consumers who have visited a brand manufacturer’s website in the past six months found the majority (54 percent) turn to brands over retailers for more comprehensive product information, in addition to enhanced customer service, better prices and more personalization options.
