Deckers Brands Hikes Outlook On Robust Wholesale Growth
Deckers Brands Inc. sharply raised its earnings guidance for its fiscal year after reporting earnings in the third quarter December 31 easily topped guidance. The gains were led by a 12.5 percent climb in wholesale revenue. Ugg’s sales grew 3.6 percent while Hoka One One’s revenues jumped 79.2 percent.
Pocket Outdoor Media Acquires Bicycle Retailer From Emerald Expositions
Pocket Outdoor Media, best known for publishing VeloNews, has acquired Bicycle Retailer & Industry News from Emerald Expositions. As part of the transaction, Bicycle Retailer & Industry News will no longer be published by the National Bicycle Dealers Association.
Golf Rounds Played Declines 4.8 Percent For 2018
According to Golf Datatech, golf rounds played in the U.S dropped 7.7 percent in December year-over-year while ending up down 4.8 percent for the year.
Neiman Marcus’ Chief Merchandising Officer To Resign
Jim Gold, president and chief merchandising officer of Neiman Marcus Group, will resign from his position, effective March 15.
Timberland Names Chris McGrath Vice President, Global Footwear Design
Timberland announced that industry veteran Chris McGrath has been named vice president, global footwear design. In this role, McGrath will lead the brand’s footwear design strategy across men’s, women’s and kids’, working closely with recently-appointed creative director Christopher Raeburn.
Descente’s Profits Slide In Nine Months
Descente Ltd. reported net earnings slid 26.2 percent in the nine months through December 31 as sales increased 2.0 percent.
Moody’s Lowers Academy’s Debt Ratings Again
Moody’s Investors Service downgraded Academy’s debt for the second time since September 2018. The downgrades reflect Moody’s expectations for continued weak earnings and credit metrics in the near term, driven by a challenging operating environment, the transition of the company’s merchandising assortment, margin pressure from the mix shift to e-commerce and investments needed to improve the store and digital experience.
Nike Responds To Controversy Over Allah-Like Design
In response to an online petition demanding Nike recall many of its Air Max 270 models because a script logo on the sole resembles the word Allah in Arabic, Nike said in a statement that it “respects all religions” and any resemblance to the word is accidental.
SHOT Show Review: Political Headwinds Cloud Future For Firearms Industry
The 41st SHOT Show saw a record number of exhibitors amid signs in recent quarters that the firearms industry may finally be stabilizing. But the industry remains only cautiously optimistic that growth can resume in 2019 with political battles likely to intensify heading into the 2020 presidential election.
Nike Opens SNKRS Pop-Up Shop In Atlanta
Nike opened its first city-inspired SNKRS pop-up shop in Atlanta on 10th Street NW as well as a separate “Studio of Dreams” Super Bowl Content Studio nearby.
L.L. Bean’s CFO Joins New England Advisory Council
The Federal Reserve Bank of Boston announced that Kierston Van Soest, CFO, L.L. Bean, is one of six new members of its 2019 New England Advisory Council.
Reef Appoints Mike Jensen As President
Reef, the beach lifestyle brand, announced that it has appointed Mike Jensen as president. Jensen most recently served as general manager and head of brand of DC Shoes.
NPD To Acquire Assets Relating To SportsOneSource POS Sports And Outdoor Tracking Business
The NPD Group has signed an agreement with SportsOneSource, LLC (SOS) to acquire assets relating to the company’s SSI Data POS Sports and Outdoor tracking business. SportsOneSource will continue to support the active lifestyle market through its SGB Media publishing properties, including SGB Update, SGB Executive and SGB Today.
JD Sports Sees Revenue Gains Through 48 Weeks
JD Sports reported same-store sales in the 48 weeks ended January 5 were up 5 percent.
Iconix Appoints CFO
Iconix Brand Group, Inc. appointed John T. McClain as the company’s executive vice president and chief financial officer, effective February 11.
