Results for "genesco"

The active lifestyle marketplace began 2020 with a high volume of M&A transactions, but the most notable story didn’t involve a done deal—just one of the highest-profile companies in the industry announcing plans to rightsize its portfolio and potentially target new assets. The January M&A Roundup examines VF’s latest move and asks what’s next?

Top headlines from across the active lifestyle industry featured in SGB during the week of January 13, 2020.

Pelican International’s acquisition of Confluence Outdoor headlined a busy December for M&A in the active lifestyle market. It also saw ski resort operator Powdr Corp. expand into Canada and Thule Group add a maker of fly fishing rod vaults to its portfolio. SGB Executive’s monthly roundup breaks down the deals from December and includes the full list of transactions for the month.

After two challenging years, stocks in the active lifestyle space saw a strong recovery in 2019 as the broader stock market delivered its biggest gains since 2013. Among stocks seeing their values spike were Yeti, Hibbett Sports, Lululemon, Skechers, Dick’s Sporting Goods and Sportsman’s Warehouse.

Top headlines from across the active lifestyle industry featured in SGB during the week of December 30, 2019.

Change occurred at C-suites throughout the active lifestyle industry in 2019. For another one of our “year-in-review” stories, SGB has compiled the most notable ones, including the succession at Nike Inc., where John Donahoe (pictured right) replaces Mark Parker (pictured left) as president and CEO.

2019 saw consolidation accelerate across the active lifestyle market, but almost as remarkable as the sheer volume of M&A was the variety of deals that closed during the calendar year. Retailers and brands accounted for a majority of transactions, but a host of other privately held and publicly traded businesses pulled the trigger on industry-shifting moves. SGB has the full list from the last 12 months.

Top headlines from across the active lifestyle industry featured in SGB during the week of December 16, 2019.

More consumers surfed rather than drove for their purchases on Black Friday as online sales accounted for a record $7.4 billion spent during the holiday shopping extravaganza, according to Adobe Analytics. But while analysts reacted positively to the overall buoyancy of Black Friday and the unofficial kickoff to the holiday shopping season, those who focus on the active lifestyle marketplace were more tempered in their reports.

Top headlines from across the active lifestyle industry featured in SGB during the week of October 28, 2019.

Top headlines from across the active lifestyle industry featured in SGB during the week of September 30, 2019.

Speaking Thursday at CL King’s 17th Annual Best Ideas Conference, Bob Dennis, chairman, president and CEO of Genesco Inc., said the continuing momentum at the Journeys chain in part reflects the fact that today’s digital-savvy teenagers still “actually like to go to the store.”

With another round of tariffs arriving on September 1, tariff-mitigation strategies were again detailed on recent quarterly conference calls. Only a few companies significantly reduced earnings forecasts at least for 2019 due to their likely impact. Tariff insights from Sportsman’s Warehouse, Genesco, Lululemon, Designer Brands, Zumiez, Shoe Carnival and others.

Helped by the ongoing success of fashion athletic styles, Journeys delivered a better-than-expected 3 percent comp in the second quarter to help its parent, Genesco Inc. significantly exceed Wall Street’s consensus targets.