Zumiez Q2 Handily Beats Guidance
Zumiez Inc. reported earnings of $4.4 million, or 17 cents a share, rebounding from a loss of $0.6 million, or 2 cents, in the second quarter of the prior fiscal year. Earnings came in well ahead of company guidance calling earnings between 4 cents and 9 cents.
Amer Sports Puts Mavic Under Strategic Review
Amer Sports Corp. said the company has decided to place the Mavic cycling business under strategic review as part of an update on the company’s business strategy.
Tennis Industry Hears Challenges, Opportunities At TIA Tennis Forum
More than 350 tennis leaders, industry executives and tennis providers came together on the first day of play at the US Open for the 11th annual Tennis Industry Association (TIA) Tennis Forum, held at the Grand Hyatt New York.
Columbia Sportswear Hires Advertising Agency
Columbia Sportswear selected McCann Worldgroup as the company’s global agency of record for marketing services for the Columbia brand.
The Buckle’s Comps Dip In August
The Buckle Inc. reported that comparable store net sales, for stores open at least one year, for the 4-week period ended September 1, 2018 decreased 0.7 percent.
Nike To Air Colin Kaepernick TV Ad During NFL Season Opener
Nike Inc. is planning to air a “Just Do It” TV commercial featuring Colin Kaepernick Thursday night during the NFL’s regular-season opener.
Puma Signs New York Knick’s Kevin Knox
Puma signed Kevin Knox, the New York Knicks forward selected ninth in the 2018 NBA Draft.
Brooks And Rock ‘n’ Roll Marathon Series Team Up To “Run Together”
The Rock ‘n’ Roll Marathon Series, a Wanda Sports Holding company, in conjunction with Brooks, announced a “Run Together” initiative encouraging athletes to run together in support of a healthy lifestyle.
Dick’s Touts Strong Vendor Relationships
Despite aggressive shifts by many vendors to pursue growth in direct-to-consumer (DTC) channels and the widely-covered challenges the chain is facing with Under Armour, Ed Stack, Dick’s Sporting Goods’ CEO, told attendees at Goldman Sachs’ Annual Global Retailing Conference that the chain’s vendor relationship have “never really been better.”
Caleres’s Shares Sink On Q2 Miss
Shares of Caleres Inc., the parent of Famous Footwear, fell 7.9 percent on Wednesday after the company reported earnings and sales that both grew but just missed Wall Street’s targets. The report comes as competitors, DSW and Shoe Carnival, both sharply raised their guidance following robust Q2 results.
Dick’s Names New Chief E-Commerce And Supply Chain Officer
Dick’s Sporting Goods announced Vidya Jwala has been named chief e-commerce and supply chain officer. In this role, Jwala will be responsible for the company’s digital integration of e-commerce and supply chain efforts and will report to Lauren Hobart, president, Dick’s Sporting Goods.
Decathlon To Open First First Full-Scale Store In U.S.
Decathlon, the largest sporting goods retailer, announced plans to open the company’s first major store in the Bay Area. Located at 3938 Horton Street in the East Bay Bridge shopping center in Emeryville, CA, the 47,000-square-foot store is scheduled to open in spring 2019.
NFL Could Reap $2.3 Billion Annually Due To Legalized Sports Betting
The National Football League’s (NFL) annual revenue may increase by $2.3 billion a year due to widely available, legal, regulated sports betting, according to a new Nielsen Sports study commissioned by the American Gaming Association (AGA).
Trump: Nike Sending ‘Terrible Message’ With Kaepernick Ad
President Trump responded to a Nike ad campaign that features Colin Kaepernick, saying the company is sending a “terrible message” by featuring the free agent quarterback.
SGB Exec Q&A: Decathlon USA’s COO Sophie O’Kelly De Gallagh
Sophie O’Kelly de Gallagh, COO of Decathlon USA, talked to SGB about Decathlon’s return to U.S.retailing with the company’s “lab” store in San Francisco, the retailer’s unique vertically-integrated model and expansion plans.
