Deckers Brands Q2 Blows Past Wall Street’s Targets
Deckers Brands reported earnings rose 30.5 percent in the second quarter ended September 30 on a 15 percent revenue gain. Results came in well above Wall Street’s targets. Ugg’s sales grew 2.5 percent while Hoka One One’s catapulted 83.2 percent.
Columbia Sportswear’s Q3 Profits Slump 47 Percent
Columbia Sportswear reported earnings fell 47 percent in the third quarter as revenues were down 23 percent. Both sales and EPS came in below Wall Street’s consensus targets. Looking forward, the company predicted fourth-quarter earnings would decline between 20 and 35 percent as sales slump in the range of 8 to 11 percent.
The Big Gear Show 2021 Drives Hardgood’s Innovation
The Big Gear Show announced a new location, invitation-only format and growth-driving resources for 2021. The show will feature 500 hand-selected retailers and 250 brands across the outdoor and cycling industries. Its inaugural event was canceled due to COVID-19. The Show will take place on August 3-5, 2021, in Park City, UT at The Deer […]
Skechers’ Q3 Sales Dip 4 Percent
Skechers USA Inc. reported sales of $1.30 billion in the third quarter ended September 30, a 3.9 percent decrease year-over-year, but a 78.3 percent increase from the second quarter 2020. On an adjusted basis, earnings per share were down 20.9 percent to 53 cents, easily topping Wall Street’s consensus target of 34 cents. Other highlights […]
Columbia Sportswear Announces Senior Leadership Changes
Columbia Sportswear announced that Thomas Cusick, EVP and COO, plans to retire. In accordance with pre-established transition plans, Lisa Kulok, SVP, global supply chain operations and manufacturing, and Jim Swanson, SVP AND CFO, are promoted to EVPs.
U.S. Footwear Sales Expected To Stabilize; Bounce Back In 2021, According to NPD
Lifestyle changes and consumer behavior shifts in 2020 due to COVID-19 have driven year-over-year sales declines for the U.S. footwear industry, but trends are expected to stabilize and recover through 2021, according to The NPD Group’s outlined in its Future of Footwear Report. Improved fashion footwear and performance sales are forecasted to lead to increased dollar sales […]
JCPenney To Emerge From Chapter 11 Under New Owners
JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Simon Property Group and a majority of its lenders in a move that’s expected to enable the department store chain to emerge from bankruptcy proceedings before the holiday selling season.
Nike Extends Sponsorship Of University Of New Mexico
Nike signed a new three-year contract to continue as the uniform and team gear provider to the University of New Mexico. Nike has worked to partner with the University since reaching an all-department contract in 2008.
Genesco Appoints Board Member
Genesco Inc.announced that John F. Lambros has been appointed to its board of directors.
Academy Sports Prices Notes
Academy Sports and Outdoors Inc. priced a private offering of $400 million aggregate principal amount of 6.000 percent senior secured notes due 2027.
CODI’s Q3 Revenues Expand 8 Percent
Compass Diversified (CODI) reported net revenues increased 7.9 percent in the third quarter ended September 30 to $418.9 million, as compared to $388.3 million a year ago.
Boot Barn’s Q2 Comps Decline 5 Percent
Boot Barn Holdings reported net sales decreased 1.4 percent in the second quarter ended September 26, to $184.5 million. Same store sales decreased 5.1 percent, comprised of a decrease in retail store same store sales of 9.1 percent and an increase in e-commerce sales of 17.6 percent.
Dick’s SG Opens Calia Pop-Ups
Dick’s Sporting Goods announced the opening of three temporary pop-up-shop locations for Calia by Carrie Underwood.
Inside The Call: Puma’s Sales Rebound in Q3
Puma’s revenues recovered after posting a decline in the second quarter due to COVID-19 restrictions, climbing 13.3 percent on a currency-neutral basis. The gains were led by the Americas, up 20.7 percent on a currency-neutral basis; and EMEA, ahead 17.7 percent.
Axion Brand Relaunches; ‘Speaks Louder Than Words’
Owners Eric Stalker and Partner and President Steve Harden announced that the Axion footwear brand has returned to the category.
