Delta Apparel, Inc. Announces Delisting From NYSE American
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UGG boots owner Deckers Outdoor Corp (NYSE:DECK) shares rose more than 9.6% to $531.07 after revenue and earnings beat Wall Street expectations. At $1.092 billion, the #footwear firm’s second-quarter revenue was up 25% and easily beat the consensus forecast of $961 million. Earnings were reported at $179 million or $6.82 per share, versus analyst expectations pitched at $4.43. Chief executive Dave Powers, in a statement, described it as an “exceptional performance”. "The strength of demand for our HOKA and #UGG brands continued to drive exceptional performance, producing record revenue and earnings for Deckers in both the second quarter and first half of fiscal year 2024,” he said. "Our team's ability to deliver compelling products that create emotional connections with consumers through engaging marketing campaigns, differentiates our brands in a competitive marketplace.” More at #Proactive #ProactiveInvestors http://ow.ly/bKy1104ZfjS #NYSE #DECK
Ugg owner Deckers sees stock jump on record revenue and earnings
proactiveinvestors.com
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Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear. Dick’s Sporting Goods raised its full-year guidance after shoppers spent more on new sneakers and athletic gear at its big-box stores. The company’s comparable sales grew 5.3%, well ahead of the 2.4% uptick that analysts had expected. The footwear and apparel markets have been sluggish over the last year but are beginning to show some signs of life. $DKS https://lnkd.in/eu2NUAKn #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables
Dick's Sporting Goods stock surges 16%, as retailer says shoppers are spending more on sneakers, apparel and athletic gear
cnbc.com
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Excited to share the latest updates on Blauer USA and its global expansion! The Italian sportswear brand of US origins, founded in 1938 is gearing up for significantly growth in Asia and other key markets. #BlauerUSA #Febos #BlauerFootwear&Accessories #Expansion #FashionNews - #BlauerUSA - #FGFIndustry - #Febos - #FebosFootwear&Accessories specialist. - #BlauerFootwear - #BlauerAccessories - #Expansion - #FashionNews - #GlobalGrowth - #ItalianFashion - #AsianMarket - #RetailExpansion - #BrandStrategy - #FashionIndustry
The Brands: How Blauer is heading for Asian expansion
the-spin-off.com
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JD Sports is buying US retailer Hibbett for $1.8 Billion, expanding their presence in the US. JD Sports is a British company that's one of the biggest sports retailers in the world, but has a much less dominant presence in America. JD already owns Finish Line & Shoe Palace but the new acquisition gives JD 1,169 new Hibbett owned stores across the US, which pits them directly against rivals like Foot Locker and Dick's. Sneaker retail has constantly been looked down as a flailing market. While brands like Foot Locker and JD Sports have struggled over recent years, there will still be a place for physical retail stores and the current industry trends might lead to more competitiveness between these companies. https://lnkd.in/dpMJZKyp #retail #footwear #sneakers #shoes #jdsports #fashion
JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal
reuters.com
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This summarizes the opportunity that outdoor brands have to span their reach to the fashion conscious consumers: “In this industry, if you can make a credible, functional product that is accepted by the fashion consumer you couldn’t be in a better spot.” As one that spends a fair amount of time challenging the limits of my own outdoor gear, the ability to wear it more often rationalizes the high price point in costs per use.
Details about Arc'teryx revenue across global regions and Amer Sports' future plans for the leading outerwear brand. #outdoorindustry
Arc’teryx Stands Out as Revenue Leader in Amer Sports’ IPO Filing
https://thedaily.outdoorretailer.com
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Today's spotlight is on JD Sports Fashion igniting the market with a remarkable share surge of nearly 15%. 🚀 JD Sports outperformed the sportswear industry in fiscal 2024! 📈 With total sales hitting £10.5 billion ($13.27 billion) and like-for-like sales up 4.2%, JD Sports is on a winning streak! 💪 What's your take on JD Sports' stellar growth? Do you want your brand to follow in their footsteps? Join the conversation below! 💬 Read more about their Strategic Process in this article by Footwear News: https://hubs.ly/Q02rb0hl0 #ENDVR #IndustryNews #JoinTheConversation
JD Sports Shares Soar as Fiscal 2024 Sales ‘Outperform’ Ahead of Olympics, Euro Cup
https://footwearnews.com
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"HanesBrands said on Wednesday it would sell its sportswear brand Champion to Authentic Brands Group in a deal valued at $1.2 billion, as the company looks to streamline business and focus on its innerwear categories. Shares of HanesBrands surged 15.6% in premarket trading. The deal could reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of performance thresholds. The acquisition of Champion, known for its athletic tops and hoodies, would help Authentic Brands to foray into the fast-growing sportswear business, as customers increasingly look to fill their wardrobes with casual and athleisure clothing that tends to be more comfortable and stylish." #authenticbrands #hanes #retail #mergersandacquisitions #finance #corporatefinance #equipmentfinance #financialservices #equipmentleasing https://lnkd.in/gfXqSFQd
HanesBrands to sell sportswear business Champion to Authentic Brands in $1.2 bln deal
reuters.com
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Executives from rising shoe brand On gave an update on the company’s goals, including doubling its sales in the next three years, at the ICR Conference in Orlando, Florida, earlier this week. During their presentation, co-CEOs Marc Maurer and Martin Hoffmann spoke about the evolution of the shoe brand with its unique cushioning system. The Switzerland-based company is on a steep upward trajectory, with $1.58 billion in net sales for the first nine months of 2023, up 58% in constant currency from the same period last year. On posted its highest gross profit margin since its IPO two years ago, increasing to 59.9% in the third quarter 2023 from 57.1% in the comparable period in 2022. The company has set a goal of doubling its sales for the next three years, meaning $4.1 billion to $5.86 billion in 2026, combined with an increased profitability of 18% or higher in adjusted EBITDA, according to Hoffmann. The Daily by Outdoor Retailer #running #footwear #onrunning #sneakers #marathon #ipo #cloudmonster #switzerland ICR Conference
Hot Shoe Brand On Running Sets Aggressive Sales Goals
https://thedaily.outdoorretailer.com
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This month Drapers exclusively revealed that Frasers Group acquired five-store premium menswear independent JOHN ANTHONY for an undisclosed sum. Here, Drapers looks back at how Frasers Group continues its land grab in the premium branded market, and considers what it means for competitors, customers and brands. Read more here. #FrasersGroup #independent #retailnews #fashionnews
Frasers' quest for domination in the premium league
https://www.drapersonline.com
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“Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance.” “The big-box sports store’s comparable sales grew 5.3% during its fiscal first quarter, well ahead of the 2.4% growth that analysts had expected, according to StreetAccount.” “The company said that growth was driven by increased transactions, meaning more customers are shopping at Dick’s, and higher average ticket values, showing that shoppers are spending more, too.” “CEO Lauren Hobart said she expects “robust demand from athletes” in the quarters ahead, which underscores the company’s outlook. Even so, the sales guidance falls a bit flat after the retailer’s first-quarter revenue beat.” “Dick’s now expects comparable sales to rise between 2% and 3%, compared with previous guidance of up 1% to 2%. The low end of that range is only in line with the 2% growth that analysts had expected, according to StreetAccount.” “Dick’s is expecting full-year revenue to be between $13.1 billion and $13.2 billion, which is also in line with estimates of $13.16 billion, according to LSEG.” “Over the last year, consumers beaten down by stubborn inflation and high interest rates have pulled back on discretionary items like new clothes and shoes, but the apparel and footwear markets have shown some signs of life over the last couple of weeks.” “Dick’s performance indicates that consumers are willing to shell out for new releases and other staples from big brands like Nike, Hoka, Adidas and On Running, and are spending on things that they may not necessarily need, but are nice to have.” - Gabrielle Fonrouge
Dick's Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear
cnbc.com
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