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.”
Dorel Sports Revenues Slump In Q4
The quarter’s revenue decline was due primarily to the change in North American CSG dealers’ purchasing habits to reduce their inventory prior to the cycling season.
Reebok Opening Fitness Showrooms
Reebok is opening showrooms in cities that also offer ample spaces for fitness classes.
JackRabbit’s New Owner Eyes Expansion
Said Bill Kirkendall, CEO of JackRabbit, in an interview with SGB, “Our strategy is to consolidate all stores under the JackRabbit banner and grow organically and through acquisitions.”
Zappos.com Honored At Annual Summit Of Cult Brands
Zappos.com was honored with two awards at a gala ceremony on February 23, 2017, at The Gathering in Banff, Canada, an annual summit celebrating the world’s most coveted brands.
Tough Mudder Continues Global Expansion With ESPN
Tough Mudder, Inc. announceD global expansion deals with ESPN Media Distribution and Sports Media and Entertainment 360 (SME360) that furthers the brand’s global content reach and geographic event footprint.
Zumiez’s Q4 Profits Climb 38 Percent On 9 Percent Sales Gain
Rick Brooks, CEO of Zumiez, stated, “Our fourth quarter earnings performance exceeded expectations driven by efficiencies realized as we continued to execute on our omni-channel and localization efforts combined with a more favorable tax rate.”
Rocky Brands Appoints CFO
Rocky Brands Inc. announced that Thomas Robertson has been appointed chief financial officer of the company.
OluKai Sponsors REI Outessa
OluKai signed on as the official lifestyle footwear sponsor of REI Outessa, three outdoor adventures designed to connect women with the outdoors in a supportive learning environment.
