Golf Rounds Played Slide In July
According to Golf Datatech, golf rounds played in the U.S. were down 1.6 percent in July.
Dick’s Q2 Misses Sales Estimates
Dick’s Sporting Goods reported a modest gain in profits that easily topped Wall Street’s targets, but sales came in lower than plans due to the company’s decision to exit some hunt and electronics categories and “significant declines” at Under Armour. Dick’s lifted earnings guidance but lowered the company’s comp guidance for the year.
NBA To Remove Restrictions On Sneaker Colors
The National Basketball Association (NBA) is removing color restrictions on players’ sneakers for the first time in league history, according to ESPN.
Shoe Carnival Q2 Handily Tops Targets
Shoe Carnival Inc. sharply raised its full-year guidance after reporting earnings tripled in the second quarter. Same-store sales ran up 6.7 percent.
DSW Delivers Blowout Q2
Boosted by robust seasonal, athleisure and kids sales, DSW Inc. reported second-quarter results that came in well-above expectations and hiked its guidance for the year. The launch of VIP rewards along with digital marketing investments in particular drove traffic to both DSW’s warehouses and website.
Garmont Expands North American Sales Team
Garmont expanded its sales team with the addition of the Outside Group and JCA Sales.
Superfeet: Taking Shape To New Realms
Superfeet has grown more than 40 percent in the last five years, moved into footwear and 3D-printing, become 100-percent employee owned and now has a new mission statement. John Rauvola, Superfeet’s CEO, discusses the new mission, emerging opportunities in new and old areas, and the company’s unique culture.
Merrell Names Adam Craig VP Sales, U.S.
Merrell announced the appointment of Adam Craig to the position of vice president of sales, U.S. For the last 20 years, Craig has been with Columbia Sportswear in various sales roles. Since 2013, he served as the director of U.S. sales for Columbia Footwear.
Report: Adidas Close To Inking Mega Deal With Arsenal
Adidas is close to replacing Puma as the sponsor of Arsenal in a five-year deal valued at $385 million. The kit deal would rank at as the third biggest in soccer history.
Retailers Respond To Preliminary NAFTA Deal With Mexico
NRF President and CEO Matthew Shay said in a statement, “Coming to terms with Mexico is an encouraging sign, but threatening to pull out of the existing agreement is not.”
DSW’s Q2 Earnings Blow Past Estimates
DSW Inc. significantly raised its guidance for the year after reporting second-quarter results that came in well above Wall Street’s targets. Chief executive officer, Roger Rawlins stated, “We are thrilled to report record sales and earnings results this quarter as our merchandise strategy and marketing investment fueled strong customer engagement, traffic and transaction activity, resulting in a 10 percent comp.”
Bruce Fendell Memorial Scholarship Supports Two Scholars
The Two Ten Footwear Foundation, the national charitable foundation of America’s footwear industry, said the Bruce Fendell Memorial Scholarship will be supporting two new scholars, Mariah Dorn and Michelle Verastegui, in their educational pursuits.
REI To Hold Instagram Contest Around HBO’s Camping Series
REI Co-op partnered with HBO to launch a nationwide Instagram contest, #CampingHBOContest, to celebrate the release of HBO’s new, original comedy series Camping, starring Jennifer Garner. Advance screening parties at will be held at three REI flagship stores across the country.
Moosejaw Brings Premium Outdoor To Walmart.com
In an interview with SGB Executive, Eoin Comerford, general manager of Outdoor, Walmart U.S. e-commerce and CEO of Moosejaw, said Wal-Mart’s “whole strategy” in acquiring several specialty e-tailers was to bring a “wider assortment” to the Walmart.com platform. A curated website distinct from the Moosejaw.com website was eventually seen as the best path for both businesses.
Canaccord Genuity Downgrades Hibbett On Q2 Miss
Canaccord Genuity on Monday downgraded shares of Hibbett Sports following the retailer’s wide miss of second-quarter estimates due to sluggish sales and rising operating costs.
