ICSC Sees Robust Holiday Gains
This holiday season saw an increase in consumer spending according to the International Council of Shopping Centers (ICSC), which released its annual Post-Holiday Shopping Survey. This year’s survey showed that the average spend on gifts and other holiday-related items was $841.50 this season, compared to $711 last year, representing a gain of 18.3 percent.
Columbia Sportswear To Skip Outdoor Retailer Show
Columbia Sportswear said it has made the “difficult decision” to not attend the Outdoor Retailer + Snow Show in Denver. Arc’teryx is also not attending, according to a report from Gearjunkie.
Outdoor Retailer Sets Education Schedule
Snowsports Industries America (SIA), the non-profit trade association for the winter sports industry, and Outdoor Industry Association (OIA), the non-profit trade association for the outdoor industry, released the Outdoor Retailer + Snow Show Industry + Intelligence schedule and the Outdoor University education schedule.
Moody’s Revises Boardriders’ Rating Outlook To Positive
Moody’s said the combination of Boardriders and Billabong “combines the two premier companies in the global action sports apparel industry with complementary business philosophies, product offerings and geographic footprints, which could potentially drive material cost savings over time.”
Maurice Sporting Goods Completes Sale To Middleton Partners
Maurice Sporting Goods, LLC, one of North America’s largest distributors of outdoor sporting goods, said it’s again set to pursue growth now that it completed its fully capitalized following its acquisition by Middleton Partners.
Big 5 Cuts Q4 Guidance On Weather Woes
Big 5 Sporting Goods Corp. slashed its fourth-quarter earnings guidance as “extraordinarily dry and warm weather conditions” led to a double-digit comp decline in December.
Canaccord Genuity Upgrades Hibbett Sports
Canaccord Genuity hiked its rating on Hibbett Sports to “Buy” from “Hold,” lifted its price target to $30 from $17, and increased its fiscal 2019 EPS target to $2.00 from $1.59 previously.
Kohl’s Lifts Guidance On Strong Holiday Comps
Kohl’s Corp. reported that its total and comparable sales for November and December 2017 combined increased 6.9 percent over the same period last year.
Retail Imports End 2017 With 7 Percent Growth as Industry Sales Continue to Increase
Imports at the nation’s major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Houlihan Lokey Hires Nathan Pund
Houlihan Lokey, the investment bank, announced that Nathan Pund has joined the firm as a managing director in the Consumer, Food, & Retail (CFR) Group. He is based in Dallas, TX, and will continue his focus on the active lifestyle, outdoor, and tactical sectors.
Kinsey’s Acquires Pape’s
The Kentucky and Pennsylvania warehouses will operate independently until there is integration to one computer system.
Golf Datatech Releases Study On Amazon’s Impact On Golf Equipment and Apparel
Golf Datatech LLC released a first-of-its-kind Amazon Impact Report; a study that highlights the effect the United States’ largest online retailer is having on the golf equipment and apparel market.
Boot Barn Increases Q3 Guidance On Improved Traffic
Boot Barn Holdings slightly raised its earnings guidance for its fiscal third quarter as same-store sales in the period rose 5.2 percent.
Adidas Resigns John Wall
Adidas has resigned John Wall to a five-year endorsement contract.
Genesco Sees Q4 EPS At Low End Of Guidance
Genesco Inc. reported same store sales decreased 2 percent and earnings are now expected to come in at the lower end of its recent guidance.
