Results for "skechers"

Converse, Crocs, Hoka, New Balance and On were among the brands in the active lifestyle space increasing their appeal with teens in Piper Sandler’s 45th semi-annual Taking Stock With Teens survey. Nike dominated teen mindshare in both footwear and apparel but lost appeal in performance offerings while Adidas, Under Armour and Vans all lost ground with teens.

Academy Sports + Outdoors saw fourth-quarter sales come in below plan due in part to weakness in the hunt category,  but strength in apparel and footwear as well as lower freight costs helped earnings easily top analyst targets. Officials also gave an upbeat outlook for 2023 due to improved inventory content, healthy demand across most categories and the benefit of its value positioning in a more-challenged economic climate.

In a session at the 2023 ICR Conference, Crocs Inc.’s CEO Andrew Rees said the return of significant new product introductions for both the Crocs and Hey Dude brands is expected to stimulate growth in 2023 after innovation efforts were challenged over the pandemic.

The majority of stocks in the active lifestyle space took it on the chin in 2022 as broader stock markets in the U.S. saw their worst performance since the 2008 financial crisis. Stocks managing gains included Academy Sports + Outdoors, Deckers Outdoor, Dick’s Sporting Goods, Xponential Fitness, and TJX Cos.

The new heads of Adidas, Asics, Caleres, Decathlon, DSW, Foot Locker, IFit, Peloton, Under Armour, Reebok, The North Face, and Vans were among the major C-suite moves that recast leadership across the active lifestyle industry in 2022. Below are the notable executive changes SGB reported on in 2022.

Academy Sports and Outdoors Inc.’s shares jumped 15 percent on Wednesday after the retailer raised its EPS guidance as healthy merchandise margins elevated Q3 profits ahead of analyst targets. Sales missed plan due to weakness in the hunt category.

Designer Brands, Inc. delivered a solid third quarter against challenging year-ago comparisons. However, the parent of DSW lowered its EPS outlook for the year in part due to a significant uptick in promotional activity by athletic brands.

According to Cowen’s Fifth Annual Proprietary Gen Z and Millennial survey, Nike, Lululemon and Dick’s Sporting Goods showed the strongest competitive positions and/or growth in preference among younger consumers within softlines retail. The survey, conducted in July 2022, had 2700 U.S. consumers participate.

Cowen issued a report offering a dismal view of holiday spending as it sees trends across discretionary spending weakening and inventories reaching peak levels to drive markdown pressures. The investment firm said it’s “cautious” on third-quarter and fourth-quarter guidance for Under Armour, Burlington Stores, Adidas, Allbirds, Hanesbrands, Puma, PVH, Skechers, and Figs. 

The list of trade creditors landing on the unsecured creditors’ list of Olympia Sports’ bankruptcy read like a Who’s Who of the active industry’s major players, including Nike, Columbia Sportswear, Rawlings, Olukai, and Mitchell & Ness. Fleet Feet holds the largest unsecured claim of $3 million.

Shares of Academy Sports and Outdoors, Inc. rallied 14 percent on Tuesday after the sporting goods chain reported second-quarter earnings that topped Wall Street’s consensus estimates on strength in sports & recreation and improved merchandise margins. Academy officials reiterated its guidance for the year as the retailer’s momentum continues.

Escalade, Inc. reported sales declined 13 percent, excluding acquisitions, in the second quarter due to lower demand in the fitness category and a reduction in outdoor category sales, including archery and water sports. Margins were flat as cost controls and pricing actions helped offset inflationary pressures.

Citing high inventories, lower traffic and early promotions, Stifel on Wednesday reduced operating earnings estimates and price targets on nearly all companies under its coverage in the active lifestyle space while downgrading Wolverine World Wide and Allbirds.

The majority of active lifestyle stocks underperformed the broader stock market in the first six months of 2022 after outperforming many indexes over the last two years. Only three—Academy Sports & Outdoors, Caleres and Emerald Holding—of the 76 stocks tracked by S.G.B. Executive showed gains.