Aisle Talk, Week of March 12
Top headlines from the active lifestyle industry you may have missed this week.
Nike’s Trevor Edwards Resigns Amid Workplace Complaints
Nike President Trevor Edwards has resigned from his position following an internal probe of inappropriate workplace behavior. Mark Parker announced that he plans to stay on as chairman, president and CEO beyond 2020.
Perry Ellis Sees Double-Digit Growth In Q4
Perry Ellis International Inc. reported adjusted pre-tax income rose 37 percent in the fourth quarter as sales grew 11.3 percent.
Hibbett Sports Q4 Comps Expand 1.6 Percent
Hibbett Sports Inc., in line with updated guidance, reported fourth-quarter earnings slumped 19.8 percent while comps grew 1.6 percent.
Zumiez’s Q4 Earnings Climb 18.2 Percent
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent on a 16.9 percent climb in sales.
Nike’s SNKRS App Launches In Japan
Nike Inc said that on March 20, the Nike SNKRS app will become available in Japan, offering NikePlus members there increased access to covetable sneakers, as well as content that celebrates local sneaker culture.
New Balance Renews Pact With FC Porto
FC Porto and New Balance reached an agreement for the renewal of the contract binding them.
Journeys Momentum Offset Lids Woes To Salvage Genesco’s Q4
A strong retro athletic and lifestyle athletic boosted revenues at Journeys to offset a steep decline at Lids and help Genesco deliver fourth-quarter results in line with guidance.
Caleres Sees Continued Strength In Sports-Inspired Sneakers
Said CEO Diane Sullivan, “As you would expect, we’re seeing anything that’s sport-related continues to be very strong, not only in sneakers but also in trainers. And actually even sport sandals right now look to be very strong.”
Nester Hosiery Promotes Jason Nester To VP Sales
Nester Hosiery, a U.S. manufacturer of performance merino wool socks, announced that it has promoted Jason Nester to VP sales.
Perry Ellis Extends Deadline For Director Nominations
Perry Ellis International announced that its Board of Directors has extended the window in which the company must receive proper written notice of the nomination of a director candidate in connection with its 2018 annual meeting.
Genesco’s Q4 Boosted By Momentum At Journeys
Genesco Inc. reported earnings from continuing operations for the 14-week period ended February 3, 2018, of $56.3 million, or $2.91 per diluted share, compared to earnings from continuing operations of $46.8 million, or $2.40 per diluted share, for the 13-week period ended January 28, 2017. Fiscal 2018 fourth quarter results reflect a benefit of $19.8 […]
Iconix’s 2017 Earnings Slide, Makes Key Debt Payment
Iconix Brand Group Inc. reported earnings in 2017 declined but results were in line with guidance and the company repaid a current debt offering.
VF Corp. Moves Into Performance Running
Stepping into the road running category, VF Corp. reached an agreement to acquire Altra, the maker of road and trail running shoes popular with ultra-runners. While Altra is expected to benefit from VF’s Corp’s expertise in both footwear and apparel, VF secures one of the fastest-growing brands in run specialty.
Adidas Lifts Profitability Target After Robust 2017
Powered by North America and China, Adidas reported yet another quarter and year of strong sales and profit growth. Adidas executives offered an upbeat look at the coming year and increased its 2020 profit target.
