SGB Update

Walmart Raises Outlook as Q3 Surpasses Analyst Targets

Walmart raised its annual sales and profit forecast for the second straight quarter after third-quarter exceeded analyst estimates. Sales in the quarter grew 5.2 percent with strength across segments and comps rising 4.9 percent for Walmart U.S.

Macy’s Q3 Earnings Surpass Expectations

Macy’s, Inc. slightly improved its outlook for the year as third-quarter results topped expectations as inventory and margins improved. Sales were down 7 percent in the third quarter.

La Sportiva Hires New PNW Independent Sales Agency

La Sportiva tapped Seymour Sales Group for sales representation in the Pacific Northwest. The team includes Thomas Seymour, Abby Seymour, and Carleigh Garrett, who collectively bring decades of sales experience.

Shoe Carnival Again Reduces Guidance, Blames Hot Weather

Shoe Carnival, Inc. reduced its annual guidance for the third straight quarter after reporting sales softened after Labor Day in part due to unseasonably hot weather in September and October. Same-store sales declined 7.4 percent in the quarter and are expected to decline in the range of 9 percent to 12 percent in the fourth quarter.

Fox Factory and CODI Complete Marucci Sports Transaction

Compass Diversified has completed the company’s previously-announced sale of its majority owned subsidiary, Wheelhouse Holdings, Inc., the parent company of Marucci Sports, LLC, to Fox Factory Holding Corp.

Out&Back Outdoor Acquires The Locals Sale

Out&Back Outdoor, a marketplace to buy or sell new and used outdoor gear, acquired gear exchange company The Locals Sale. As part of the merger, all employees will transition and join the Out&Back company.

StockX: Classic Retro and Run-Inspired Shoes Pace Resale Activity

Classic retros from Adidas, Ugg slippers and running-inspired silhouettes from New Balance, Asics and Nike topped the list of shoes with the most search results on StockX, according to the resale platform’s recently released “Big Facts” quarterly trend report.

Sustainable Apparel Coalition CEO To Step Down

The SAC announced that its CEO, Amina Razvi, will leave the organization at the end of the year. She and the Board of Directors agreed that the time is right for her to step away and for the Board to identify a successor.

Chief Upland Acquires Q5 Outdoor Products

The acquisition of Q5 Outdoors reportedly expands the Chief Upland brand from one core upland vest style to more than six. Chief said it will now have dialed-in gear offerings for hunting in all climates and for pursuing all types of upland game.