NRF/University Of Florida Survey: Retail ‘Shrink’ Decreased In 2017
Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released Wednesday by the National Retail Federation and the University of Florida.
Crocs Appoints Bill Gray To Board Of Directors
Crocs Inc. announced that Bill Gray has been appointed to the company’s board of directors. Gray has served as a senior advisor to Blackstone’s Private Equity Group since 2010.
Deckers Brands Appoints Two New Independent Directors
Deckers Brands announced the appointment of Brian A. Spaly and Cindy L. Davis to the company’s board of directors. Coinciding with these appointments, Deckers also announced that Karyn O. Barsa has resigned from the Board.
Jon Sinko Joins Element from Adidas
Element announced the addition of Jon Sinko to the company as VP, global merchandising and design, overseeing the brand’s product function globally.
Lids’ Q1 Performance Sends Genesco Stock Tumbling
Weakness at Lids Sports Group and shares of Genesco Inc. tumbling 9 percent Tuesday overshadowed an otherwise decent Q1 performance that saw the parent company of a variety of retail brands beat Wall Street estimates on income and revenue.
Adidas Sees Record World Cup Jersey Revenues
In an interview with Bloomberg, Adidas CEO Kasper Rorsted predicted that unit sales of jerseys at this year’s World Cup will exceed the 8 million Adidas sold in 2014.
Shoe Carnival Supports Local Schools With Philadelphia-Based Donation Program
Shoe Carnival Inc. will donate 10 percent of total purchases back to shoppers’ school of choice in the Philadelphia and surrounding areas.
Modell’s Partners With the Prostate Cancer Foundation
Modell’s Sporting Goods will be joining forces with the Prostate Cancer Foundation (PCF) to raise money to advance prostate cancer research in recognition of Men’s Health Month in June.
Flip Flop Shops Acquired By Bearpaw Parent
The parent company to the footwear brand Bearpaw purchased the global “Flip Flop Shops” franchise retail chain from Cherokee Global Brands.
Under Armour Partners With Bradley University
Under Armour has reached an agreement to outfit Bradley University in Peoria, IL.
The American Outdoorsman Collaborates With Shoe Manufacturer LJO On Collection
Outdoor apparel brand The American Outdoorsman has joined forces with shoe manufacturer LJO to create a new footwear collection inspired by their shared take on outdoor lifestyle.
Adidas Signs NFL First-Round Draft Pick Josh Rosen
Adidas announced multi-year partnerships with the Arizona Cardinals’ first-round draft pick, quarterback Josh Rosen.
Genesco Posts Q1 Loss As Lids Struggles
Genesco Inc. reported a loss in the first quarter, but results were a penny better than analyst’s consensus estimates and the company reiterated guidance for the year. Journeys saw “significantly” improved profitability as comps rose 6 percent. Lids’ comps dropped 7 percent but showed improvement over versus the fourth quarter.
Active Lifestyle Vendors Deliver Robust Q1
A wide majority of vendors in the actve lifestyle space reported first-quarter results that topped Wall Street’s expectations with many raising guidance for the year. Among brands, Vans, Champion, Puma and Callaway Golf stood out with healthy double-digit top-line growth but earnings from Nike, Deckers Outdoor, Columbia Sportswear and Wolverine Worldwide all easily topped Wall Street’s targets.
May M&A Roundup: Shakeup In Firearms, Outdoor Sectors
Although May was a relatively slow month for mergers and acquisitions activity in the outdoor and active lifestyle space, a few eye-opening transactions dominated headlines because they fell outside the scope of traditional deals.
