DSW Announces Exclusive Launch With TREND:BAR
TREND:BAR produces luxe fabric stickers, appliques, charms, shoelaces, patches, and creative add-ons that customers can use to personalize all the footwear and accessories in their closet.
Finish Line Brings Back College Hoops Bracket Challenge
The Finish Line Bracket Challenge will offer participants the chance to win up to $5,000 by selecting winning teams this March and encourage engagement on the company’s social accounts.
The Buckle’s Q4 Profits Slide
Dennis Nelson, president and chief executive officer, said, “While overall results for both the quarter and year were below expectations, we were able to maintain merchandise margins and finish the year with an operating margin of 15.7 percent.”
Vail Resorts Sees 21 Percent Q2 Sales Gain
Vail Resorts reported net earnings grew 27.5 percent in its second quarter ended January 31 on a 21 percent revenue gain.
Pacific Sunwear Appoints Interim CEO
Pacific Sunwear appointed James Gulmi, former long-time CFO for Genesco, as interim CEO.
Gander Mountain Lands In Bankruptcy Court
Said Gander Mountain in a statement. “Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce.”
Gander Mountain Files For Chapter 11
Gander Mountain Co., as expected, filed for bankruptcy in U.S. Bankruptcy Court for the District of Minnesota. The hunt & fish specialist plans to close 32 of its approximately 160 stores in coming weeks but is in active discussions with a number of parties interested in a going-concern sale.
Hibbett’s Q4 Dragged Down By Legacy Sports Categories
Said Jared Briskin, SVP and chief merchant, ”The continued declines of some of our legacy businesses such as performance apparel and footwear, licensed products and equipment continue to reinforce our direction, focusing on sports-inspired fashion products for our stores.”
Genesco’s Q4 Boosted By Lids Profit Rebound
Lids Sports Group doubled its operating profit in the fourth quarter on an 8 percent same-store gain, offsetting weakness at Journeys due to a fashion shift.
Aisle Talk, Week Of March 6
Top headlines from the active lifestyle industry you may have missed this week.
Zumiez Sees Q1 Losses Widening
Said Rick Brooks, CEO, “We see heightened macro level economic unpredictability and continue to be impacted by other headwinds that have plagued the retail sector for most of the last few years.”
Dorel Sports Stung By Delays In Bike Purchases
Martin Schwartz, president and CEO of Dorel Industries, said, “Dorel Sports has worked throughout 2016 to position itself for an earnings rebound this year, excess industry inventories have been reduced and the ramp in discounting should not be repeated.”
Bogs Q4 Revenues Continue To Feel 2015 Winter Hangover
Thomas Florsheim, Weyco Group’s CEO, said, “While retailers are currently much cleaner than last year at this time, our sense is that they will continue to take a conservative approach towards inventory levels given the inconsistency of the weather the past couple of winter seasons.”
Hibbett Sport’s Q4 Earnings Drop 30 Percent
Jeff Rosenthal, president and chief executive officer, stated, “Results did not meet our expectations for the quarter, although we were pleased with continued strength in our footwear business.”
Genesco Sees Slight Gain In Q4 Earnings
Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, “Fourth quarter EPS came in above last year’s levels and above expectations fueled in large part by better holiday selling than anticipated for most of our businesses.”
