SGB Executive Sports & Fitness
Foot Locker Thriving Despite Mall Woes
Driven by a healthy appetite for running lifestyle product and its positioning as the headquarters for sneakerheads, Foot Locker Inc. reported fourth-quarter earnings that handily exceeded Wall Street targets. Foot Locker will wind up becoming one of the few mall operators to report that traffic grew over the holiday season.
Aisle Talk, Week Of February 20
Top headlines from the active lifestyle industry you may have missed this week.
Billabong Finally Seeing Rebound In America
In the Americas region, EBITDA before global allocations surged 152.2 percent to Australian $10.3 million, with the help of gross margins improving 170 basis points and lower costs.
Gildan Activewear Sees Weak Reorders Curbing Q4 Sales Growth
On a conference call with analysts, Rhod Harries, EVP and CFO, said sales were impacted by “weak store traffic trends and a weak holiday period, which drove retailers to limit replenishment and manage down inventory levels during the fourth quarter.”
Fitbit Sees Weakness Continuing In Q1
For the first quarter of 2017, Fitbit expects revenues in a range of $270 million to $290 million, which represents about a 45 percent decline from sales of $505.4 million recorded in the first quarter of 2016.
Iconix’s Active Labels Deliver Mixed Q4 Performance
Iconix Brand Group indicated that some of its active brands are facing challenges in lower channels that are not being completely offset by momentum seen by several of its labels in mid-tier and independent channels.
Garmin Smashes Street Estimates In Q4
Showing Fitbit’s growth challenges are far from applying to them, Garmin reported fourth-quarter results that easily topped Wall Street’s targets.
Wolverine Q4 Reaches High End Of Guidance
While Merrell showed a decline of 7 percent and the Wolverine brand was down due to a repositioning, most of Wolverine Worldwide’s key brands showed moderate to strong growth.
Nautilus’ Retail Results Miss Plan In Q4
The company said revenues in its retail segment missed plan in the fourth quarter due to heavy discounting online and conservative buying by its retail partners.
Who Will Land Outdoor Retailer?
Montana and Oregon joined Colorado in expressing their interest in the lucrative contract.
Analyst Q&A: VF Corp. Q416
In the Q&A portion of VF Corp.’s fourth-quarter conference call on Friday, analysts questioned management about the distribution challenges facing The North Face in the U.S., whether the profitability in its Outdoor & Action Sports Coalition was sustainable, and open-to-buy rates by retailers.
VF Eyes Bounce Back Year In 2017
On his first conference call since becoming VF’s new CEO, Steve Rendle delivered a bullish assessment of VF’s prospects, predicting the company’s primary brands – Vans, The North Face and Timberland – would collectively grow at a high-single-digit rate in 2017, with a “special focus on reigniting growth in our North Face and Timberland brands in the Americas.”
Outdoor Retailer Says Goodbye To Utah
The show will leave Salt Lake City after Summer 2018. In addition, Utah will be excluded from submitting a proposal during the relocation process.
Aisle Talk, Week Of February 13
Top headlines from the active lifestyle industry you may have missed this week.
FGL Sports Delivers Another Banner Year
Duncan Fulton, president, FGL Sports, said on a conference call with analysts, “There is a lot of optimism and opportunity right now to get more out of the assets that we already have.”
