SGB Executive Sports & Fitness
Adidas Brand Stars In Q4
Adidas Brand’s gain of 18 percent on a currency-neutral basis was driven by double-digit growth in the running category as well as at Adidas Originals and Adidas Neo. In addition, high-single-digit growth in the training category contributed to the top-line improvement.
Black Diamond Returns To Core Focus For 2017
“The recurring take-away was retailers’ perception that Black Diamond had been distracted over the past four to five years by various strategic initiatives,” said John Walbrecht, president, about his discussions with retailers since joining the company five months ago.
Dick’s To Eliminate 20 Percent Of Its Vendor Mix
While reporting fourth-quarter earnings that arrived slightly ahead of targets, Dick’s Sporting Goods Inc. said it’s implementing a new merchandise and vendor matrix that will reduce up to 20 percent of its brands.
Aisle Talk, Week Of February 27
Top headlines from the active lifestyle industry you may have missed this week.
Sequential Brands Lowers Outlook On Department Store Woes
While many of its active brands performed well in the fourth quarter and are poised for a strong year in 2017, Sequential Brands Groups lowered its guidance for 2017 due in large part to weakness in the department store channel.
Finish Line Sells JackRabbit For Nothing
As part of the sale agreement, Finish Line made a payment of $8.3 million into the JackRabbit business as part of pre-closing restructuring and must make an additional $700,000 payment to the buyer, CriticalPoint Capital, on or before September 30, 2017.
Big 5 Boosted By Competitor Exits
“We’re very encouraged that the profit and sales momentum has continued and actually accelerated into the first quarter of fiscal 2017,” CEO Steven Miller said on a conference call with analysts.
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.
