Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
Hibbett Sports Collecting Donations To Support Hurricane Victims
Said Jeff Rosenthal, president and CEO, Hibbett, “We are fortunate that all of our employees are safe and our stores in Texas and Louisiana only suffered minor damage. But we’ve seen the devastation around us and want to do our part to support Hurricane Harvey victims as they recover and rebuild their lives.”
Golf Rounds Played Dip In July
According to Golf Datatech, golf rounds played on a national level were down 1.6 percent in July 2017 compared to July 2016. The biggest regional declines were seen in South Atlantic, East North Central and Mid Atlantic.
The Buckle’s August Comps Slide
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 26, 2017 decreased 7.9 percent.
Report: Nike Initiates Second Layoff Round
According to a report in the Oregonian, Nike is implementing the second phase of its plan to lay off about 1,400 workers.
Tennis Industry Association Hosts Annual Forum
The 10th Annual Tennis Industry Association (TIA) Tennis Forum was held in New York City on August 28, the first day of play at the US Open, and the audience of nearly 300 tennis industry leaders heard the latest news about the state of the tennis industry, updates on grow-the-game initiatives, and business insights, along with a spotlight on tennis innovation.
HanesBrands Submits Data For Latest CDP Climate Change Report
HanesBrands, the parent of Champion and Gear For Sports, has voluntarily disclosed its carbon emissions and related information for the CDP 2017 Climate Change Report – marking the seventh year that the company has participated in this initiative.
Genesco’s Shares Hit By Profit Warning
Shares of Genesco Inc. lost $4.35, or 17.1 percent, to close at $21.15 on Thursday after the retailer axed its earnings guidance for the year due to sluggish overall mall traffic and weak sales trends at its Lids chain.
Shoe Carnival Shares Rally On Improving Top-Line Momentum
Shares of Shoe Carnival rose $3.68, or 22.4 percent, to $20.10 on Thursday after the off-price chain reported second-quarter results came in above estimates and August same-store sales ran up 7 percent.
Registration Opens For 2018 Skechers Performance Los Angeles Marathon
The 33rd edition of the race, scheduled for Sunday, March 18, 2018, offers more than 24,000 participants the opportunity to run the Stadium to the Sea course, starting at Dodger Stadium and finishing near the Santa Monica Pier.
Genesco Lowers Full-Year Guidance On Lids Weakness
Genesco Inc. reported a second-quarter loss that came in slightly below internal expectations while sharply reducing its guidance for the year due to soft sales at Lids and overall weak traffic at malls.
Amer Sports Updates 2020 Growth Target, Prioritizing Profitable Growth
Amer Sports now targets annual mid-single-digit organic, currency-neutral growth instead of the previous target of €3.5 billion by 2020. The change reflects the challenging wholesale market in the U.S.
Georgetown, Nike Reach Pact On Worker Conditions
As part of the agreement, Nike has established a new protocol with the Worker Rights Consortium (WRC), which provides the WRC with formal access to Nike supplier factories that manufacture WRC-affiliated collegiate products, to investigate working conditions and strengthen coordination regarding any remediation efforts.
Columbia Issues Statement Regarding Legal Dispute With Former Employee
Columbia has settled its civil claims against the former employee. Its claims against the technology vendor where the former employee worked will continue.
Shoe Carnival’s Q2 Profits Dip
Shoe Carnival Inc. reported a slight decline in earnings in the second quarter on flattish comp sales. The off-price chain said it was impacted by later back-to-school dates in certain markets.
