January 14, 2019
The lulunatics said comps will be up in the mid-to-high teens constant currency for the final quarter ended Feb. 3, producing revenue in the $1.140-1.150 billion range, and they substantially upped guidance to $1.72-1.74 per share ($230 mm).
The retail world has now evolved beyond omni-channel and is truly channel-less, ZUMZ opined in a round table conversation at the ICR Conference, requiring a digital and physical presence that both communicate a retail brand’s unique positioning.
The e-commerce platform that the teen retailer launched in late 2017 has been paying big dividends, enabling a 43% increase in online sales in 2018 Holiday season, TLYS management said in a presentation at the ICR Conference.
The CRM tools that SCVL will implement in 2019 will be a key driver of digital sales with a target of 10-12% of total sales in the next couple of years from just 7% today, management told the ICR conference.
BGFV sales increased 2% to $247.1 million in the final quarter. up from $242.9 million last year, and comps were up 1.1% as mid-single-digit gains in Dec. sales driven by winter apparel offset weakness in Oct. and Nov.
While the promotional environment in the U.K. continued to pressure Schuh, there was marked improvement in U.S. comps for the quarter to date ended Jan. 10 with overall comps up 4% that included a 3% gain in brick-and-mortar stores and an 8% increase in digital sales.
Facing 10% tariffs now on bags and soft coolers that will reach 25% in March barring a resolution of the trade dispute with China, Yeti told the ICR investor conference that it expected to see a $13-15 million impact this year but it will be able to completely offset that amount by the end of the year.
The clog maker said that its fourth quarter sales will come it at $211 to $214 million, up from prior guidance of $195 to $205 million, driven by classic and lined clogs and better than expected results in North America.
Specialized settled its dispute with the bankrupt retailer over the Roubaix license by agreeing to purchase the mark outright from the bankrupt company for $700,000.
Imports of handguns increased 17% to 286,431 units according to ITC data compiled by the NSSF, with pistols up 18% and revolvers gaining 1%, while rifle imports surged 55% to 77,447 units and shotgun imports were up 29% to 76,193.
The high performance niche U.K. brand will outfit the former world top player as his four-year $25 million contract with Under Armour expires.