Columbia Sportswear Beats Q2 EPS Estimates but Misses on Sales
North America led the world lower as bot the U.S. and Canada both posted negative sales growth for the quarter. Mountain Hardwear was a winner for Q2, while Sorel and Prana posted DD declines. Columbia brand was down 4 percent year-over-year.
Deckers Brands Blows Past Fiscal Q1 EPS Targets on Hoka Momentum
Earnings in the fiscal first quarter ended June 30 came in well ahead of analyst targets, boosted by a spike in gross margins and 22.1 percent sales growth. Hoka once again led top-line gains, which saw sales jump 29.7 percent. Ugg’s sales gained 14.0 percent.
Skechers Raises FY Outlook as Q2 Tops Guidance
Skechers U.S.A., Inc. raised its full-year outlook after reporting earnings in the fiscal second quarter ended June 30 came in slightly ahead of company guidance on DTC strength. Earnings in the quarter slipped 5.1 percent on a 7.2 percent revenue gain.
Lanvin Group Appoints Paul Andrew Creative Director, Sergio Rossi
Lanvin Group, the parent of Sergio Rossi, said that Paul Andrew is a “leading voice in the new generation of design talent” after cultivating his expertise alongside Donna Karan, Calvin Klein, Narciso Rodriguez, and the late Alexander McQueen.
Asics To Raise $1.2 Billion In Secondary Stock Offering
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
EXEC: JD Sports Completes Acquisition of Hibbett Sports
Hibbett is now part of JD and will cease to be a stand-alone publicly traded company. Mike Longo will continue as president and CEO of Hibbett and Jared Briskin is now chief operating officer.
Tractor Supply’s Q2 Comps Slip as Strength in Seasonal Offset by Discretionary Weeakness
The comp store sales decline was driven by a comparable average transaction count decline of 0.6 percent, partially offset by a comparable average ticket increase of 0.1 percent. EPS rose 2.6 percent.
Report: Performance and SportStyle Sneakers Continue Winning Streak
U.S. footwear sales in the second quarter were reportedly $10.2 billion, down by 2 percent versus the same period in 2023, according to data compiled by Circana, the retail tracking service.
Kizik Names Chief Marketing Officer
Longtime U.S. footwear executive Elizabeth Drori will lead brand marketing efforts as the company expands its omnichannel business.
Report: Over Half of U.S. Consumers Plan to Watch Olympics
Nike is the brand most associated with Team USA, with 64 percent of consumers associating Nike, an official outfitter of Team USA, with the Olympics, followed by Adidas at 39 percent, and Under Armour at 26 percent.
Nike to “Modernize” Tech Division; Hires Former Salesforce Exec as CIO
Cheryan Jacob, a former Salesforce, Inc. executive, was hired this month as CIO as part of an effort to “modernize” the active lifestyle company’s technology infrastructure.
New Report Identifies Major Retailer Concerns for Holiday 2024
Imagine steering your retail business into the bustling Holiday 2024 season while fixated on your rearview mirror. First Insight reported that’s essentially what retailers do when they rely solely on past sales data and old customer reviews.”
Altra Hires Nike Vet as Global Head of Product
As a nearly 20-year veteran of Nike, Kylee Barton’s performance-driven business approach reportedly “helped create some of Nike’s most pinnacle and technical products.”
Oofos Appoints Erin Flynn Head of Sales
Flynn is a 20-year veteran of the athletic footwear industry and reportedly spent the past several years working with running and outdoor brands, specialty retailers and industry organizations.
Journeys Group Names EVP & Chief Marketing Officer
Stacey Doren will lead all marketing functions, building on Journeys’ foundation as a retailer that sells fashion footwear to teens, kids, and young adults in the U.S., Canada, and the U.K. She joins Journeys after a 24-year career at Levi’s
