Hibbett’s Q4 Earnings Miss Guidance
Hibbett Sports Inc. said it expects earnings to slump between 28 to 30 percent in the fourth quarter, well below guidance, as same-store sales slid 2.2 percent.
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Report: Ivanka Trump’s Sales Tumble At Nordstrom
Sales of Ivanka Trump’s merchandise at Nordstrom plummeted by nearly a third in the last fiscal year, including sliding more than 70 percent in the last three weeks of October 2016 just before the election.
Payless Exploring Debt Restructuring
Payless Inc., which has been largely quiet since going private in 2012, is reportedly discussing a restructuring of its $600 million debt load with lenders while seeking to close about 1,000 stores.
Gander Mountain Mulling Chapter 11
Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month.
Nike Takes A Stand For Equality
This campaign is supported by a new film – featuring LeBron James, Serena Williams, Kevin Durant, Megan Rapinoe, Dalilah Muhammad, Gabby Douglas and Victor Cruz – that amplifies the voice of athletes, using the power of sport to create conversation, inspire people to act and press for lasting change in their communities.
Vasque Urges Discussion Around Outdoor Retailer Venue Exploration
Vasque announced its commitment to work in partnership with other outdoor brands, to support the Outdoor Industry Association’s goal to find a venue and city that reflects the values of the outdoor industry.
Wolverine Worldwide Appoints New Sperry President
Tom Kennedy was formerly president of apparel and accessories, Wolverine Worldwide.
Report: Gander Mountain Exploring Restructuring
Gander Mountain Co. is reportedly preparing for a debt restructuring in bankruptcy proceedings, sources told Reuters.
Payless Seeking To Close Stores
If unable to reach a deal, the shoe chain may pursue a bankruptcy reorganization.
NRF Forecasts Retail Sales Will Increase 3.7 To 4.2 Percent In 2017
Online and other non-store/online sales, which are included in the overall number, are expected to increase between 8 and 12 percent.
Adidas Signs Lionel Messi To Lifetime Contract
Adidas signed Lionel Messi to a lifetime contract, according to Cope. The signing was confirmed by Messi via a Facebook post.
Reebok Releases ‘Nevertheless She Persisted’ T-Shirt
Reebok released a t-shirt in honor of Sen. Elizabeth Warren, who last week was silenced on the Senate floor when she read from a letter Coretta Scott King wrote in 1986.
Aisle Talk, Week Of February 6
Top headlines from the active lifestyle industry you may have missed this week.
Amer Sports Q4 Impacted By Postponements, Delays And Market Softness
On a conference call with analysts, Heikki Takala, president and CEO, noted that overall market “softened further” in the period. Amer Sports chose to “avoid promotions in a quite promotional environment,” boosting gross margins in the period.
Polartec Withdraws From Outdoor Retailer
The decision was made in solidarity with Polartec customer Patagonia, which recently withdrew from Outdoor Retailer trade shows in Utah in response to the state government’s public land policy.
