SGB Update

Caleres Sees Robust Q4 Earnings Gains

Caleres Inc. reported healthy gains in earnings in the fourth quarter as Famous Footwear’s comps grew 2.8 percent and sales in its Branded Portfolio gained 13.8 percent.

Outdoor Voices Secures More Funding

Outdoor Voices, the women’s fitness apparel startup, has raised $34 million in a series C round, according to a regulatory filing.

2nd Chance Sports Appoints Anthony Sica As President

2nd Chance Sports, a non-profit organization that donates gently used and new sporting equipment to children in need throughout the New York City area, has appointed Anthony Sica as president.

Fitbit Launches Fitbit For Kids

Fitbit  introduced Fitbit Ace, an activity tracker that makes fitness fun for kids while inspiring the entire family to build healthy habits together and help fight decreasing levels of activity in children.

NSGA Welcomes Speakers To Management Conference

Speakers will include Michigan State University basketball coach Tom Izzo, Beth Porreca of USA Football, David James of Major League Baseball. The conference will also include a number of sessions focusing on how to compete with Amazon.

12 ReTech Acquires E-motion Apparel

12 ReTech Corporation has acquired E-motion Apparel, Inc. in a stock for stock transaction between 12 ReTech and Hubert (Hub) Blanchette, the owner and CEO of the company. E-motion Apparel owns several brands including E-motion Apparel, Lexi-Luu Dancewear, Punkz Gear and Skipjack.

Dick’s Q4 Earnings Arrive At Upper End Of Guidance

Dick’s Sporting Goods reported earnings fell 13.8 percent before non-recurring charges in the fourth quarter, to $127.3 million, or $1.22 a share, but came in at the top of guidance. Same-store sales slid 2.0 percent, in line with guidance. Earnings for 2018 were guided to be flat to down 7 percent.

DSW’s Q4 Profits Slide On Charge To Exit Ebuys

DSW Inc. reported earnings in the fourth quarter fell 37.8 percent to $11.7 million, or 15 cents a share, after absorbing charges to write down and exit its Ebuys business. Earnings before non-recurring charges nearly doubled and exceeded guidance.

Deckers’ Shares Slide On Marcato Sale

Shares of Deckers Outdoor fell $7.22, or 7.4 percent, to $90.28 on Monday after CNBC reported that Marcato Capital Management, the activist investment firm, had sold its stake in the company.