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.
Acushnet Lowers Revenue Outlook For Year
Acushnet Holdings Corp. reduced its sales guidance for the year after seeing a drop in sales of Titleist golf balls in the second quarter and a steeper quarter-over-quarter decline in Titleist clubs.
FGL Sports To Miss Revenue Goals For 2017
FGL Sports, which includes Sport Chek, is now expected to miss its ambitious growth goals for 2017 due to its sluggish sales through the second quarter, according to its parent, Canadian Tire Corp.
Acushnet’s Q2 Earnings Climb 21 Percent
Acushnet Holdings Corp. reported earnings climbed 21.2 percent in the second quarter despite a 7.6 percent revenue decline. The parent of Titleist and FootJoy maintained its earnings guidance for the year but slightly lowered its sales outlook.
Shoes For Crews Introduces New Balance Work Shoes
Shoes For Crews LLC, known for its slip resistant footwear, is introducing New Balance and Dockers to its fall 2017 lineup.
Dawgs Secures Patent Win Against Crocs
Dawgs in a statement said the U.S. Patent and Trademark Office (USPTO) issued a final rejection on the validity of Crocs Inc.’s cornerstone design patent for the clog that Crocs became known for.
Hibbett Sports Names James Hilt To Board
James Hilt has been executive vice president, chief marketing officer and e-commerce at Express Inc. since March 2016.
