SGB Update Apparel
Asics Partners With Live Nation
Asics America Corporation is teaming up with Live Nation as an exclusive footwear sponsor across select venues and festivals in the US and Canada.
Dick’s Raises Guidance After Robust Q1
Dick’s Sporting Goods Inc. raised the company’s outlook for the year after reporting first-quarter earnings that came in well above Wall Street’s consensus target. Same-store sales dipped 2.5 percent.
Golf Rounds Tumble In April
According to Golf Datatech, golf rounds played on a national level were down 13.5 percent April 2018 compared to April 2017.
NRF Disappointed Over China Tariffs
NRF President and CEO Matthew Shay said in a statement, “China’s trade practices raise serious concerns, but job-killing tariffs aren’t the answer. As the U.S. and China prepare for another round of negotiations, we hope the administration has clearly defined objectives and concrete solutions to resolve this trade dispute without tariffs.”
RYU Apparel’s Sales Vault In Q1
RYU (Respect Your Universe) Apparel Inc., the maker of urban athletic apparel, reported revenue in the first quarter of 2018 was Canadian $907,915, 94 percent higher than year-ago levels.
Report: Eddie Bauer, Pacific Sunwear Exploring Merger
Eddie Bauer and Pacific Sunwear, both owned by private-equity firm Golden Gate Capital, could merge in a play that would shrink store count from their combined 700 locations, sources told Reuters.
Academy Sports Opens New Store In Matthews, NC
Academy Sports + Outdoors now has 12 stores throughout North Carolina and four in the Charlotte metropolitan area.
American Hiking Society Announces 2018 National Trails Fund Recipients
The National Trails Fund gives trail clubs and land managers the necessary funding to complete critical trail projects across the country, thanks to the support of the fund’s Charter Sponsor, L.L.Bean.
United By Blue Launching Nationwide Cleanup Road Trip
From June to August, United By Blue will be co-hosting 21 cleanups across the country with retail partners and volunteers. By the end of 2018, the sustainable outdoor apparel and lifestyle brand will have performed a waterway cleanup in all 50 states.
The Buckle’s Q1 Profits Climb 12 Percent
The Buckle Inc. announced that net income for the fiscal quarter ended May 5, 2018 was $18.3 million, or 38 cents a share, up from $16.3 million, or 34 cents, a year ago.
Champion Partners With Steel Sports
Steel Sports has selected Champion as the Official Apparel Partner for the 35,000 youth players, families and coaches who participate in the company’s baseball programs.
Hibbett Sports Q1 Operating Earnings Slide
Hibbett Sports Inc. reported operating earnings slid 16 percent in the first quarter as comps dipped 0.3 percent and both margins and the chain’s expense rate eroded. Hibbett said results exceeded the company’s internal plan and gross margin improvement was seen in April.
Foot Locker Q1 Blows Past Q1 Estimates
Foot Locker Inc. reported earnings before charges slid 3.3 percent in the first quarter, but came in well ahead of Wall Street’s targets. Dick Johnson, Foot Locker’s CEO, said in a statement, “The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors.”
Deckers Brands Crushes Income, Revenue Estimates
Footwear, apparel and accessories company Deckers Brands reported fourth-quarter net income of $29.7 million, or diluted earnings per share of 66 cents, up from last year’s Q4 loss of $12 million, or (49) cents per share, and beating analysts’ estimates by 31 cents per share.
Report: Nike To Replace Under Armour In MLB Deal
Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.
