Foot Locker’s Q1 Misses Street Targets
Said Lauren Peters, EVP and CFO, “Even with first quarter sales that ran below expectations, we believe our inventory is still well positioned to drive improved top line results over the balance of the year. At the same time, we are aggressively reviewing and implementing opportunities to lower expenses as we work to achieve a mid-single digit EPS increase for the full year.”
SIA Agrees To Sell Snow Show To Emerald Expositions
Emerald Expositions, the parent of Outdoor Retailer, Surf Expo and Interbike, has reached an agreement to acquire the Snow Show from SIA. The merger is positioned to lead to a combined winter trade show.
Rocky Brands Names Jason Brooks As CEO And President
Jason Brooks had served as president, Core Brands, of Rocky Brands US, LLC since February 2016. He joined Rocky Brands in 2001.
Sportsman’s Warehouse Posts Q1 Loss
John Schaefer, CEO, stated, “As expected, we saw continued softness in firearm demand during the first quarter as we anniversaried difficult compares post the San Bernardino shooting and executive orders that were issued at the beginning of 2016.”
Hibbett Sports Re-Elects Two Board Members
Hibbett Sports Inc. re-elected two directors to three-year terms that expire with the 2020 annual meeting. They include Anthony F. Crudele and Ralph T. Parks.
Under Armour To Start MLB Deal In 2019, Not 2020
The full switch to Under Armour for on-field apparel is now set for the 2019 season.
Hibbett Sports Sees Comps Bouncing Back In Second Half
Hibbett Sports reported earnings fell in the first quarter, as projected, on lower sales with continued weakness in legacy sports product. But it also indicated same-store sales are likely to drop again in the second quarter. On the positive side, officials remain hopeful that improved allocations of footwear, its new store-to-home capabilities and the third-quarter launch of e-commerce will provide fresh revenue streams in the back half.
PHIT Support From Congress Growing
In less than three months, the Personal Health Investment Today (PHIT) Act has gained support from 50 Members of Congress with the addition of Congressman Joe Barton (R-Tex.) on Thursday.
Dick’s To Open Three Additional Stores In May
With the grand opening of new stores in Georgia and California, Dick’s will have 697 locations in the country.
OrthoLite Renews Run Partnerships
OrthoLite renewed its partnerships with Girls on the Run and the American Trail Running Association.
Foot Locker Foundation Supports College Dreams For 20 High School Students
Stated Richard Johnson, chairman and chief executive officer, Foot Locker, “With today’s escalating costs of college tuition and student debt, our commitment to education has become more important than ever.”
Perry Ellis Q1 Tops Guidance
Perry Ellis International reported earnings and sales both exceeded internal guidance in the first quarter with “particular strength in Golf Lifestyle Apparel and Nike Swim.”
Hibbett Sports’ Q1 Profits Slide
Hibbett Sports Inc. reported earnings in the first quarter slumped 25.1 percent as same-store sales decreased 4.9 percent. Earnings landed at the high end of guidance provided on April 27.
Ralph Lauren Hires President And CEO
Patrice Louvet, formerly group president, global beauty at Procter & Gamble, has been named president and chief executive officer.
Varsity Brands Hosts School Spirit Awards
The event, presented by BSN Sports, Varsity Spirit and Herff Jones, recognizes schools, school groups and individuals who go the extra mile to build school pride, student engagement and community spirit.
