Dick's Sporting Goods
With thousands of factories already closed in China alone, the global recession is taking its toll on apparel and footwear supply chains. A panel discussion at The Prime Source Forum in Hong Kong last week discussed how sourcing has now entered a transitional period. Joe Ayling reports from the event.
The choice between fight and flight is taking on a new meaning in the sporting goods sector. Brands are soaring by exploiting new opportunities in emerging markets, while a subsequent fight for remaining market share is taking shape closer to home, as Joe Ayling reports.
In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance.
UK retailer Sports Direct has has increased its stake in US brand management company Iconix Brand Group and bought a stake in Dick's Sporting Goods as part of its long-term strategy.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
German sportswear giant Adidas has launched what it claims to be a first of its kind athletic apparel line for teenagers.
US retailer Dick's Sporting Goods is to open a boutique women's fitness and lifestyle speciality chain.
Dick's Sporting Goods said it is confident of the year ahead despite booking a drop in first-quarter earnings as the company's Golf Galaxy stores continued to struggle while expenses increased.
Dick's Sporting Goods CFO Andre Hawaux has taken on the additional role of chief operating officer.
US retailer Dick's Sporting Goods has reported third-quarter earnings at the higher end of its guidance, but continued pressures in golf and hunting hurt comparable sales.
Adidas has moved to defend its position over reports the sporting goods giant has received pressure from investors to accelerate a turnaround and consider replacing its chief executive.
US retailer Dick's Sporting Goods has booked a drop in second-quarter earnings as the restructuring of its golf business weighs on the business.
US retailer Dick's Sporting Goods has recorded earnings in its first-quarter that came in below its expectations due to weakness in its golf and hunting divisions.
US retailer Dick's Sporting Goods has revealed an increase in earnings and sales in its fourth-quarter, which the company said topped expectations.
US retailer Dick's Sporting Goods has raised its full-year and fourth quarter earnings and sales guidance, after better-than-expected same store sales.
US retailer Dick's Sporting Goods has posted a slight decline in third-quarter net profit but said it expects full-year adjusted earnings per share to be at the higher end of its earlier guidance.
Dick's Sporting Goods has gone live with the ecVision supply chain collaboration platform to help improve its business agility and overcome the challenges of global sourcing.
US retailer Dick's Sporting Goods has lowered its outlook for the full year, after cooler weather and weak consumer spending resulted in lower-than-expected second quarter profit growth.
Sportswear retailer Dick's Sporting Goods has today (21 May) reported a 13.4% jump in first-quarter net profit despite lower-than-expected sales growth.
Sportswear retailer Dick's Sporting Goods has appointed Andre Hawaux as its chief financial officer and executive vice president of finance and administration.
Senior executives from across the apparel industry and its supply chain will be heading to Hong Kong later this month for the annual Prime Source Forum.
Retailer Dick's Sporting Goods today (11 March) posted a 16.8% increase in fourth-quarter profit, helped by rising sales in its online business - but admitted it lost out on sales of cold-weather clothing in January.
Retailer Dick's Sporting Goods Inc has raised its full-year earnings forecast after booking a 21% jump in third quarter profit.
US retailer Dick's Sporting Goods has launched a line of performance baselayers that use a special fibre technology designed to enhance the wearer's performance.
Troubled UK sportswear retailer JJB Sports today (24 September) confirmed plans to appoint administrators to undertake a potential sale of its assets.
UK sporting goods retailer Sports Direct saw first-quarter sales boosted by the Olympics and deep price cuts.
Struggling sportswear retailer JJB Sports has put itself up for sale, after admitting its directors do not believe the chain can raise the funds necessary to implement a turnaround.
The Finish Line has appointed Harvey Bierman as vice president of digital technology as the US sportswear chain continues to expand its digital business.
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