Buckle’s Comps Slide In April
The Buckle Inc. reported comparable store net sales, for stores open at least one year, for the four-week period ended May 5, 2018 decreased 3.4 percent from comparable store net sales for the four-week period ended May 6, 2017.
Mizuno Americas Sales Lag, Profitability Recovers
Mizuno Corp.’s sales slid 14.2 percent in the Americas region in its fiscal year ended March 31. But the decline was partly due to efforts to clean up inventories and reduce lower-margin sales that bolstered underlying profitability. Some sales recovery was predicted for the Americas region in the years ahead.
Canadian Tire Sees Earnings Dip In Q1 But Sales Improve
Canadian Tire Corporation, Limited reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.
Canadian Tire Agrees To Acquire Helly Hansen
Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).
Mizuno Sees Strong Profit Turnaround In Fiscal Year
Mizuno Corp reported a strong rebound in earnings for the company’s fiscal year ended March 31 despite a revenue decline.
Bass Pro Cancels Plan For Palm Beach County Location
Bass Pro Shops has canceled plans for a store in Palm Beach County, Florida, according to the Palm Beach Post.
Adidas Becomes Kit Sponsor For Wolverhampton
Adidas will replace Puma as the kit sponsor for the Premier League-bound Wolverhampton Wanderer team.
Wolverine’s ‘Consumer Obsession’ Kicks Into High Gear
Wolverine Worldwide Inc.’s first-quarter performance not only beat analysts’ expectations on both revenue and income, but it prompted the company to raise full-year earnings guidance as the next phase of an ambitious, multimillion-dollar global growth agenda kicks in.
Adidas Partners With Grambling State
Grambling State University Athletics and Adidas announced a multi-year partnership. Adidas will become the official athletic footwear, apparel and accessory brand of the Tigers through the 2022-2023 season.
Zumiez Sees Modest April Comp Gain
Zumiez Inc. announced that total net sales for the four-week period ended May 5, 2018 increased 3.7 percent to $58.6 million, compared to $56.5 million for the four-week period ended April 29, 2017.
Gaiam, And1 And Avia Gaining Traction For Sequential Brands In Q1
Sequential Brands reported a loss on flattish sales in the first quarter, but results were slightly above expectations and the company’s three key active brands, Gaiam, And1 and Avia, are all seeing momentum at retail. Revo, the sunglass brand, was divested during the quarter.
Sequential Brands Shows Q1 Loss
Sequential Brands Group, the parent of Gaiam, And1 and Avia, reported a net loss of $2.3 million, or 4 cents, in the first quarter.
DSW Launches New Loyalty Program
DSW announced the launch of DSW VIP, a redesigned loyalty program for the company’s 25 million members. The new program provides new benefits, tiers, experiences and more.
Asics Americas Q1 Sales Drop 27 Percent
Asics Corp.’s sales in the American region fell 26.6 percent in the first quarter on a reported basis and 23.3 percent on a currency-neutral basis, to ¥21.9 billion ($200 mm). The decline was attributed to “weak sales in the U.S.”
Wolverine Worldwide Lifts Guidance On Strong Q1
Wolverine Worldwide reported adjusted earnings rose 35 percent in the first quarter to 50 cents a share, exceeding Wall Street’s consensus estimate of 37 cents a share. Underlying revenue inched up 0.3 percent on a currency-neutral basis as Merrell, Sperry and international exceeded expectations.
