SGB Update Footwear
Genesco’s Q3 Revenues Expand 25 Percent
Genesco Inc. reported sales net income gained 69 percent in the third quarter. Net sales increased 25 percent from last year and grew 12 percent over the third quarter two years ago. Results were well ahead of Wall Street’s targets.
Hibbett’s Q3 Comps Gain 13 Percent
Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street’s targets.
Bass Pro And Sportsman’s Warehouse Call Off Merger
Great Outdoors Group, owner of the Bass Pro, Cabels’a and White River Marine Group, and Sportsman’s Warehouse Holdings Inc. have called off their merger deal, according to a regulatory filing on Thursday.
BSN Sports Acquires Illinois’ Winning Streak
BSN Sports, a division of Varsity Brands, announced that it has acquired Winning Streak, Inc. based in Dupo, IL.
Tilly’s Posts Third Consecutive Quarter Of Record Quarterly Sales And EPS
Tilly’s, Inc. reported third-quarter earnings and sales that came in well above guidance. Total comparable sales compared to the pre-pandemic third quarter of fiscal 2019 increased by 27.4 percent.
Zumiez’s Q3 Earnings Expand 5.5 Percent
Zumiez Inc. reported third-quarter earnings grew 5.5 percent as sales advanced 6.8 percent. Earnings marked a record and topped Wall Street targets.
Jordan Brand Chief Marketing Officer Exits
Sean Tresvant, most recently chief marketing officer for Nike’s Jordan Brand, has been named Global Chief Brand Officer for Taco Bell, effective January 10, 2022.
REI Announces New Chief Commercial Officer; Senior Promotions
REI Co-op announced it has hired its first chief commercial officer and is promoting two executives to new leadership positions.
USA Cycling Announces New Slate Of Athlete Representatives To Its Board
USA Cycling announced the election of four new Athlete Representative members to its Board of Directors effective December 1, 2021.
Skechers Faces Activist Investor
Tremblant Capital Group, which owns 5.1 percent of Skechers, wrote to the company’s board Wednesday urging it to end its Skechers’ dual-class share structure, start an aggressive share buyback program, pay a dividend and improve its communication with investors, according to a regulatory filing.
The Buckle’s Comps Climb 36 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended November 27, 2021 increased 36.0 percent from comparable store net sales for the 4-week period ended November 28, 2020.
PVH Corp. Sees Q3 Revenue Gain
PVH Corp. reported third-quarter revenue increased 10 percent to $2.33 billion compared to the prior-year period, despite worsening logistics disruptions in October, including significant U.S. port delays. Sales grew 12 percent for the Tommy Hilfiger brand and 22 percent for Calvin Klein.
Waypoint Outdoor Makes Hires
Waypoint Outdoor added several industry veterans to its team of sales reps.
Sparc To Run U.S. Reebok Operations For Authentic Brands Group
Authentic Brands Group (ABG) signed a long-term strategic partnership with Sparc Group to become the core licensee and operating partner for Reebok in the U.S. Sparc, a joint venture between ABG and Simon Property Group, operates Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand and Nautica, among other brands.
SIA Data Shows Increase In Winter Outdoor Spending And Job Creation
Data released by Snowsports Industries America (SIA) shows that winter outdoor consumers are responsible for over $79 billion in spending and support 799,000 jobs.
