Big 5 Cuts Q4 Guidance On Weather Woes
Big 5 Sporting Goods Corp. slashed its fourth-quarter earnings guidance as “extraordinarily dry and warm weather conditions” led to a double-digit comp decline in December.
Kohl’s Lifts Guidance On Strong Holiday Comps
Kohl’s Corp. reported that its total and comparable sales for November and December 2017 combined increased 6.9 percent over the same period last year.
Retail Imports End 2017 With 7 Percent Growth as Industry Sales Continue to Increase
Imports at the nation’s major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Houlihan Lokey Hires Nathan Pund
Houlihan Lokey, the investment bank, announced that Nathan Pund has joined the firm as a managing director in the Consumer, Food, & Retail (CFR) Group. He is based in Dallas, TX, and will continue his focus on the active lifestyle, outdoor, and tactical sectors.
Strava Names Chief Product Officer
Strava, the social network for athletes, named Stephanie Hannon as chief product officer. Hannon, an ex-Googler who served as chief technology officer on the Hillary for America campaign, joins Strava to lead the next chapter of the company’s product and platform expansion.
Crocs Increases Q4 Guidance
Crocs is increasing its previous fourth quarter revenue guidance from between $180 and $190 million to between $195 and $198 million, which approximates 5 percent growth over the prior year’s fourth quarter revenues of $187.4 million.
Grassroots Fall Connect Show Moving To Denver
The Grassroots Outdoor Alliance will be moving its Fall 2018 buying show, Grassroots Outdoor Alliance, to Colorado Convention Center in Denver, starting in November. The first expo will take place November 4 to 7.
Billabong And Quiksilver To Create Action Sports Giant
Two companies that have struggled in recent years –Billabong and Boardriders (formerly Quiksilver) – have agreed to merge in hopes of faring better together tackling the brutal action sports marketplace.
Aisle Talk, Week Of January 1
Top headlines from the active lifestyle industry you may have missed this week.
Billabong To Merge With Quiksilver
The parent of the Quiksilver, DC Shoes and Roxy, B0ardriders Inc., agreed to acquire rival Billabong International Ltd., creating combining two of the largest active sports brands worldwide.
Wells Fargo Sees Dick’s As Long-Term “Survivor”
Wells Fargo upgraded its rating on Dick’s Sporting Goods to “Outperform” in part because it believes the company will ultimately benefit from the industry’s consolidation, much like Best Buy has done in the consumer electronics channel.
Jefferies Downgrades Deckers, Upgrades Genesco, Bullish On Under Armour/Foot Locker
Jefferies lowered its rating on Deckers Outdoor to “Hold” in part due to the stock’s recent run-up in price, upgraded Genesco to “Buy,” and listed Under Armour and Foot Locker among its long-term buys.
All Good Adds Ambassadors
All Good, makers of organic skincare and reef-friendly sunscreens, announced professional athletes Sensi Graves and Moona Whyte as the newest members of its brand ambassador team.
Yeti Partners With Ski Resorts
Yeti announced new partnerships with some of the nation’s most historic mountain resorts, including: Jackson Hole Mountain Resort, Squaw Valley Alpine Meadows, Copper Mountain, Killington Resort, Mt. Bachelor Village Resort, and Steamboat Resort.
Camping World Announces Initial List of Gander Outdoors Openings
Gander Outdoors, formerly known as Gander Mountain, announced the initial list of 69 stores that are scheduled to open by May 2018.
