Aisle Talk Week of August 20
Top headlines from the active lifestyle industry you may have missed this week, including 5.11 opening a new store in Reno, NV, as part of a nationwide brick-and-mortar retail expansion.
Foot Locker’s Q2 Beats Street
Profits at Foot Locker Inc. jumped 72.5 percent in the second quarter, exceeding expectations. Same-store sales inched up 0.5 percent, improving from a decline of 2.8 percent seen in the first quarter, and stronger growth continues to be expected for the second half.
Hibbett Sports Lowers Full-Year Outlook On Soft Q2
Hibbett Sports narrowed the company’s loss in the second quarter as same-store sales grew 4.1 percent. Wall Street, however, was expecting a profit and the retailer lowered its guidance for the year.
Shoe Carnival Appoints Mark Worden EVP, Chief Strategy And Marketing Officer
Footwear and accessories retailer Shoe Carnival Inc. on Thursday announced the appointment of brand and marketing veteran Mark Worden to the newly created role of executive vice president, chief strategy and marketing officer, effective September 10.
Nike And Vans Gain In Stifel’s BTS Survey
According to Stifel’s annual back-to-school athletic footwear survey, retail checks are underscoring Nike’s resurgence in the North American footwear market and Vans continued brand heat. Adidas lost some momentum off its recent hot streak.
Sears Holdings To Close 46 Stores
Sears Holdings plans to close another 46 unprofitable stores this year including 13 Kmart and 33 Sears stores.
U.S., China Escalate Trade War With New Round Of Tariffs
The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.
Footwear Innovation Summit by FMNII To Be Held In Los Angeles
The Footwear Innovation Summit by FMNII, to be held at Hotel Indigo Los Angeles Downtown on October 2, will bring gather professionals from both technology and footwear sectors to present their latest innovations to 250 industry leaders from footwear brands, design institutes and factories.
Adidas Partners With Coahoma Community College
Adidas has signed a three-year sponsorship deal with Coahoma Community College in Clarksdale, MS.
Flojos Appoints Jeff Booth As Director Of Sales
Flojos on Thursday announced that Jeff Booth has been appointed director of sales at the footwear company. Booth, a former Top 5 surfer on the World Tour, has made a career in the action sports industry working for major market leading brands such as Sanuk, Billabong, Quiksilver and Oakley.
Sportsman’s Warehouse’s Q2 Slightly Tops Guidance
Sportsman’s Warehouse Holdings reported adjusted earnings in the second quarter ended August 4 rose 18.2 percent, thanks to 6.2 percent top-line growth and reduced debt and tax expenses. Earnings were a penny above expectations while sales were at the top-end of guidance.
Under Armour’s Collaboration with “The Rock” Tops List Of Best-Matched Celebrity Endorsements
Wrestler-turned-actor Dwayne Johnson’s endorsement deal with Under Armour earned top ranking among best-matched celebrity-brand partnerships in the fashion and retail sectors, according to a study from Spotted. Also ranking high was Crocs’ partnership with Drew Barrymore, Under Armour and Steph Curry, Reebok and Gal Gadot, Adidas and Lionel Messi, Asics and Novak Djokovic and Marmot and Nick Offerman.
AAFA Again Urges Swift Resolution To Tariff Dispute
At the public hearings being held this week in Washington, D.C. over the latest round of proposed tariffs, the The American Apparel & Footwear Association (AAFA) reiterated the association’s call for a swift resolution and warned any additional tariffs would harm U.S. workers, companies, consumers and communities.
Nike Closes Stores In South Africa After Backlash Over Racist Video
Several Nike stores in South Africa have been closed after the online circulation of a video featuring an employee’s husband making racist remarks, according to a report from Reuters.
Foot Locker Launches New ‘Discover Your Air’ Campaign Featuring Exclusive Nike Air Sneakers
Foot Locker announced the launch of the new “Discover Your Air,” campaign which will serve as the creative platform for all Nike Air product and related content at Foot Locker.
