NRF: Holiday Sales To Rise 3.4 Percent
Consumers will spend an average $967.13 during the holiday season this year, according to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation. That’s up 3.4 percent from the $935.58 consumers said they would spend when surveyed at the same time last year.
VF Corp. Upbeat For Holiday
In an interview with SGB. Steve Rendle, president and CEO of VF Corp., said that while October started “a little slow,” sales have picked up as “the weather began to become more fall like” and the company remains optimistic about holiday selling. He also said he remains bullish on The North Face and Timberland regaining top-line momentum.
Aisle Talk, Week Of October 23
Top headlines from the active lifestyle industry you may have missed this week.
Deckers Abandons Sales Plan After Delivering Blowout Q2
Deckers Outdoor said it is no longer actively pursuing a sale of the entire company while reporting second-quarter results that came in well ahead of guidance.
Columbia Sees U.S. Wholesale Returning To Growth First Half Of 2018
Columbia Sportswear’s third-quarter results came in better than expected as growth overseas and in its U.S. DTC business offset another steep decline in U.S. wholesale revenues. But officials predicted U.S. wholesale growth would resume in the first half of 2018.
Moncler’s Revenues Climb 15 Percent In Nine Months
Moncler reported consolidated revenues in the first nine months reached €736.8 million, up 15 percent year over year. Sales advanced 16 percent at constant exchange rates.
Columbia Sportswear’s Q3 Tops Estimates
Columbia Sportswear’s third-quarter earnings improved 5 percent on flat revenues. Sales were boosted by its European wholesale and U.S. direct-to-consumer businesses. Improved operating profitability outside the U.S. supported earnings gains.
Deckers Brands Lifts Guidance On Strong Q2
Deckers Brands reported earnings and sales that came in well ahead of guidance in its second quarter ended September 30. Ugg’s sales were down 2.9 percent while Hoka One One jumped 34.4 percent and Teva grew 24.9 percent.
OEKO-TEX Conducts Consumer Textile Sustainability Study
The study of more than 11,000 clothing and home textile consumers around the world examined topics ranging from concerns about climate change to harmful substances in textiles.
Care2 Petition Demands NPS Scrap $70 Entrance Fee Proposal
“At Care2, we think our public lands are for everyone,” the petition reads, “not just those that can afford to these excessive new fees.”
Deckers Concludes Review Of Potential Sale, Launches Stock Buyback Program
As part of that process, Deckers and its advisors contacted 90 potential acquirers, including strategic and financial parties, both domestic and international, but this effort did not result in a transaction.
Grassroots Outdoor Alliance Connect Returns To Knoxville
Grassroots Outdoor Alliance will bring its four-day national buying show to the Knoxville Convention Center, November 7-10, 2017.
Goldwin Acquires Minority Stake In Woolrich International
Goldwin Inc. has acquired a minority stake in Woolrich International as part of a new industrial and financial partnership. The alliance includes the development of a new and premium outdoor collection designed with Goldwin’s state-of-the art technology.
Amer Sport Sees Sales Picking Up
Driven by apparel, direct-to-consumer and China, Amer Sports reported sales on a currency-neutral basis rose 3 percent in the third quarter, accelerating from a 1 percent gain seen in the second quarter. Strong growth in apparel, Fitness, and Winter Sports offset declines in cycling, sports equipment and ball sports.
Amer Sports Returns To Growth In Q3
Amer Sports returned to growth on a currency-neutral basis in the third quarter as a 7 percent gain in the Asia Pacific region and a 4 percent climb in the EMEA region offset a 1 percent slide in the Americas. The gains were driven again by apparel, own retail, e-commerce and China.
