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January 10, 2012 Lululemon Raises Q4 Guidance on Robust Holiday Sales
The yoga-inspired athletic apparel company ups its EPS guidance some 17% at the mid-point to a range of $0.47-.49 ($68.8 mm) versus prior guidance of $0.40-.42 for the period ending Jan. 29. Genesco Raises Outlook on Strong Comps
Bolstered by double-digit, quarter-to-date comparable store sales increases in its two primary retail groups, Genesco has raised its fourth quarter and FY EPS guidance. DSW Ups FY EPS Guidance, Accelerating Door Openings
The 326-door chain, citing strong Nov. and Dec. sales results, raises its annual EPS range by 1-2% to $2.96-2.99 ($127.9-129.2 mm) from $2.90-2.95. New Golden State Law Requires Businesses to Address Human Trafficking
A new California law that took effect on Jan. 1, The California Transparency in Supply Chains Act, requires companies doing business in the state to disclose what steps they are taking to prevent slavery and human trafficking in their respective supply chain via their website’s home page. Lack of Snow is Threat to 2011-12 Season; Aug.-Nov. Dollars Up 10%
As of November, according to research firm Leisure Trends Group/Snowsports Industries America (SIA), snowsports enthusiasts were unaffected by the weather that is now dampening spirits and bottom lines in December and early this month. Reports: KKR Makes Bid Down Under for Pacific Brands
KKR, which acquired Katy, TX-based Academy Sport + Outdoors last summer, reportedly made an acquisition offer to Australia-based Pacific Brands of A$600 million ($480.9 mm) late last month. Skechers Taps Billionaire to Pitch Brand During Super Bowl Ad
Outspoken billionaire Mark Cuban, owner of the NBA’s Dallas Mavericks and the Landmark Theater chain, will star in Skechers’ Super Bowl spot next month touting the brand’s GoRun running shoes. Bergans of Norway Establishes U.S. Subsidiary
The wholly owned subsidiary of the 103-year old Norwegian parent, Bergans USA LLC, will be based in Longmont, CO, and led by longtime industry executives Patry “Pat” Loomis as CEO, and Keith Patterson as VP of sales and marketing. Etcetera: Hibbett Sports, Delta Apparel, Timberland, Wilson Sporting Goods, Iovino SG, Embroid Me
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