Steinmart Posts Q2 Loss on Weaker Margins, Comps Decline
Gross margins fell 720 basis points to 20.8 percent of sales in fiscal Q2 and resulted in a diluted loss per share of 28 cents compared to diluted earnings per share of 6 cents in Q2 2016
Urban Outfitters Shares Surge After Besting Q2 Earnings Estimates
Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, decreased 4.9 percent
Target Beats Fiscal Q2 Estimates; Ups Outlook
Second quarter sales increased 1.6 percent to $16.4 billion, reflecting a 1.3 percent comp-store sales increase.
Wolverine Worldwide Taps Timberland Vet as Asia Pacific Chief
Stewart Whitney has been appointed Vice President and Managing Director – Asia Pacific for Wolverine Worldwide
Crocs, Inc. Vows to Appeal U.S. Patent Office Clog Design Ruling
The USPTO found the patent issued to Crocs in 2006, which covers the design of its Classic Clog, to be invalid for technical reasons
Timberland Marks 25 Years Of Employee Volunteer Program
The outdoor lifestyle brand will lead service initiatives throughout August, September and October while also encouraging consumers to find volunteer opportunities in their communities through VolunteerMatch.org.
TJX Beats Fiscal Q2 Estimates, Raises Annual Outlook
Net sales for the second quarter of Fiscal 2018 increased 6 percent to $8.4 billion and consolidated comparable store sales increased 3 percent on top of last year’s 4 percent increase.
Cherokee Global Brands Adds New Financial Reporting Director
Cherokee, Inc. has appointed Kimberly Doyle as director of financial reporting and internal controls. In this role, Doyle will be responsible for leading the European-based finance team in Amsterdam. Commenting on the appointment, Jason Boling, chief financial officer of Cherokee Global Brands said, “Kimberly’s extensive experience in finance, accounting and internal controls with multi-national organizations […]
Sportsman’s Warehouse Opens Ninth California Location
Sportsman’s Warehouse is expanding its operations to include a new retail location in Stockton, CA.
Dick’s Sporting Goods Sees Flat Q2 Comps; Shares Fall On Ugly Outlook
Consolidated same-store sales are currently expected to decline in the low single digits in the third quarter
Under Armour CEO Resigns From Trump Business Council
Kevin Plank Resigns Exits Trump’s American Manufacturing Council Over Weak Response to Charlottesville Violence
VF Corp. To Acquire Dickies Parent in $820 Million Deal; Raises 2017 Outlook
VF Corp. revenue is now expected to reach $11.85 billion in 2017, up 3.5 percent on a reported basis (up 4.5 percent currency neutral), and includes about a $200 million contribution from Williamson-Dickie.
Iconix Relaunches Pony Brand
To celebrate the relaunch and modernization of Pony’s Topstar sneaker, the brand collaborated with Brooklyn hip-hop star and actor Joey Bada$$, who served as muse and model for the fall collection.
Camping World Lowers Re-Opening Target For Gander Mountain
On its second-quarter conference call, Camping World now says it may reopen as few as 40 former Gander Mountain locations, far short of earlier expectations, due to challenges renegotiating leases. Camping World also confirmed that the re-opened Gander stores will be much smaller than its traditional locations and feature significantly less footwear and apparel.
Aisle Talk, Week Of August 7
Top headlines from the active lifestyle industry you may have missed this week.
