5 Questions With New Vibram Corp. President Fabrizio Gamberini
At the recent Outdoor Retailer Winter Market in Denver, CO, Vibram Corp.’s newly appointed president, Fabrizio Gamberini, sat down with SGB to dish on a number of topics, starting with the smooth transition of him taking over the market-leading sole company.
Tilly’s Stock Takes Hit On Missed Guidance
Shares of Tilly’s tumbled $3.22, or 21.1 percent, to $12.04 on Thursday after the action sports retailer reported earnings and sales that landed at the lower end of guidance. EPS guidance for the current quarter was also lower than planned.
Fila Extends Partnership With Karolina Pliskova
Fila announced that it has extended its partnership with World No. 8 and global tennis star Karolina Pliskova.
LeftLane Sports Cyber Monday Sales Climb 30 Percent
LeftLane Sports announced that its Cyber Monday sales were up 30 percent company-wide over last year. In addition, the company had its largest sales day in its history during its November promotion.
FLA Re-Accredits New Balance
The Fair Labor Association (FLA) announced the reaccreditation of the New Balance social compliance program, confirming that the company has policies and practices in place to monitor and remediate labor abuses in its global supply chain.
Dick’s Top-Line Struggles Continue
Dick’s Sporting Goods Inc. increased its 2018 earnings guidance for a third consecutive quarter as earnings easily beat Wall Street’s targets, thanks to stringent expense controls. Sales, however, came in lower than Wall Street’s targets due to the continued drag from hunt and activity trackers categories, weakness at Under Armour and flat footwear comps.
Tilly’s Q3 Profits Slide On Calendar Shift
Tilly’s reported third-quarter earnings fell 27.3 percent in the third quarter due to a calendar shift and landed at the low-end of guidance. Comps rose 4.3 percent, also at the lower end of guidance.
Nike Community Impact Fund Provides Grants To Detroit Youth Organizations
The Nike The Community Store in Detroit awarded $50,000 in grants to six local non-profits that focus on getting kids moving through play and sport so they can lead healthier, happier and more successful lives.
Triathlete’s Editor-in-Chief Erin Beresini Elevated To Editorial Director Of Pocket Outdoor Media
Erin Beresini, editor-in-chief of Triathlete, has been promoted to editorial director of Magazine & Digital Media for Women’s Running, Competitor Running, and VeloNews in addition to her current duties.
Sportsman’s Warehouse to Open Lansing, MI, Store in 2019
Sportsman’s Warehouse is opening a new store in Lansing, MI, in the summer of 2019. The Lansing location will introduce the Sportsman’s Warehouse brand to Michigan and will be the 93rd store in 24 states.
Dick’s Sporting Goods Raises Guidance After EPS Beat
Dick’s Sporting Goods Inc. on Wednesday raised full-year 2018 earnings per diluted share guidance to $3.15 to $3.25 from the previous range of $3.02 to $3.20 earnings per share after reporting a strong third quarter ended November 3.
Sportsman’s Warehouse Holdings Q3 EPS In Line With Estimates
Sportsman’s Warehouse Holdings Inc. on Wednesday reported diluted earnings per share for the fiscal third quarter ended November 3 of 29 cents. Adjusted diluted earnings per share of 26 cents was up from diluted earnings per share of 23 cents in the third quarter of fiscal year 2017 and in line with Wall Street’s targets.
NRF Sees Positive Start To Holiday Spending
From Thanksgiving Day through Cyber Monday, more than 165 million Americans shopped either in stores or online, surpassing the 164 million who had said they would shop in a consumer sentiment survey conducted ahead of the holiday, according to findings from the National Retail Federation and Prosper Insights & Analytics.
Skechers Donates Supplies For Those Impacted California Fires
Skechers is taking Giving Tuesday to heart in partnering with local non-profit organizations to donate much-needed goods for thousands of wildfire victims who have lost their homes and personal possessions after multiple disasters in Northern and Southern California. Additionally, the company is announcing a state-wide fundraising campaign at Skechers California retail stores through the holiday season.
Fun Socks Partners With Delivering Good
On November 27’s Giving Tuesday, Fun Socks, a division of United Legwear and Apparel Co. (ULAC), announced a formalized partnership with Delivering Good (formerly K.I.D.S and Fashion Delivers). The program, entitled Delivering Fun, will operate under the “1-for-1” model: one pair of socks for every pair purchased.
