Aisle Talk, Week of March 26
Top headlines from the active lifestyle industry you may have missed this week including VF Corp. appointed Steve Murray, pictured left, former President of Vans, to VP Strategic Projects.
Netshoes’ Sales Climb 1.9 Percent In Q4
Netshoes Ltd., the Latin American online retailer of sporting and lifestyle goods, reported a reduced loss in the fourth quarter as sales increased 1.9 percent.
Gildan Activewear Nominates Four Board Members
Gildan Activewear Inc. announced that its board of directors has nominated Maryse Bertrand, Marc Caira, Charles M. Herington and Craig Leavitt as director nominees to be voted on by the company’s shareholders at its upcoming annual meeting.
Under Armour MyFitnessPal Hack Affects 150 Million User Accounts
Under Armour said MyFitnessPal, its health-and-fitness tracking app, was affected in a significant data beach, compromising as many as 150 million accounts.
Spartan Taps Craft Sportswear To Design Race Apparel, Footwear
Spartan has named Craft Sportswear the “official performance apparel and footwear” of the Spartan obstacle races. The multi-year partnership, terms of which were not disclosed, will see the two brands developing the first high-performance technical apparel for the rising sport of Obstacle Course Racing (OCR).
HanesBrands Raises $1.97 Million to Be Donated in 2018
HanesBrands and its employees have pledged $1.97 million this year to the United Way of Forsyth County and surrounding North Carolina communities. For these efforts, the United Way of North Carolina gave Hanes its Spirit of North Carolina Award for campaign excellence.
Finish Line’s Profits Progress, Sales Retreat In Q4
While its sales recovery efforts took a step back, The Finish Line Inc. improved its underlying profitability in its fourth quarter ended March 3, thanks to inventory end expense controls. Results were in line with a forecast given three days ago when it surprisingly announced plans to merge with JD Sports, the U.K.-based footwear chain.
Gander Outdoors Opens In Gastonia, NC
The 42,000-square-foot store will be one of six Gander Outdoors retail locations in North Carolina.
Fenix Outdoor Acquires Royal Robbins
Switzerland-based global outdoor apparel and equipment company Fenix Outdoor International AG has acquired U.S.-based outdoor and travel apparel company Royal Robbins. Terms were not disclosed.
Finish Line’s Adjusted Earnings Climb 19 Percent In Q4
Finish Line Inc., in line with its guidance provided on March 26 when it announced plans to merge with JD Sports, reported earnings on an adjusted basis rose 19.4 percent in the fourth quarter while net earnings were essentially flat.
Golf Rounds Slide In February
According to Golfdatatech, golf rounds played slid 8.5 percent during February versus the year-ago month. The one region showing gains was the Pacific.
Sportsman’s Warehouse’s Q4 Earnings Slide On Margin Pressures
Sportsman’s Warehouse Holdings Inc. reported fourth-quarter earnings on an adjusted basis slid 20 percent and missed guidance due to “an elevated promotional backdrop and a tax-reform driven investment in our associates.” Same-store sales sunk 4.5 percent, in line with guidance.
Keen Hires Tim Bartels To Lead Outdoor, Lifestyle And Kids Categories
Keen Inc., a family-owned outdoor and lifestyle footwear brand, has hired Tim Bartels as vice president of sales for the Outdoor, Lifestyle and Kids (OLK) categories. Bartels worked for Keen as VP of sales from 2006-2008.
Shoe Carnival’s Q4 Benefits From Fewer Promotions, Women’s Leads Athletics
Shoe Carnival Inc. reported fourth-quarter earnings arrived at the top end of guidance due to a focus on lower promotions, but the move led to a dip in same-store sales. Adult Athletic comps were up low-single digits as strength in women’s athletic offset weakness in men’s basketball.
Hibbett Sports Hosts AHA Fundraising Campaign in Stores and Online
Retailer Hibbett Sports will host an American Heart Association (AHA) fundraising campaign in 1,000-plus Hibbett Sports stores nationwide and online throughout the month of April.
