Bob McGee

Bob McGee

Bob McGee is our expert for financial analysis and reports. If you want to know something about turnovers, growth rates or sales per employee Bob is your go-to guy.

  • foot-locker_416x416
    Article

    Foot Locker plans to wind down Sidestep retail brand

    2023-01-27T15:15:00

    Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...

  • lululemonathleticalogovector_470603
    News briefs

    Lululemon shares take hit on analyst downgrade

    2023-01-25T08:42:00

    Lululemon shares fell $4.87, or 1.54 percent after a Wall Street analyst downgraded the stock to “underperform” on Jan. 24 and slashed its target price to $290, below the company’s closing price at $311.21. Bernstein analyst Aneesha Sherman suggested the company’s shares have a “reset coming” due to numerous factors ...

  • MattPowell
    News briefs

    Longtime industry consultant starts own firm

    2023-01-25T08:42:00

    U.S.-based sporting goods and retail industry consultant Matt Powell, who has been serving as a senior industry advisor at The NPD Group, is launching his own consulting and advisory service firm focused on merchandising, marketing and retail called Spurwink River. In October 2021, private equity firm Hellman & Friedman acquired ...

  • PUMA_Logo_Standard-No1
    News briefs

    Data leak at Puma’s Chilean e-com site

    2023-01-25T08:42:00

    Puma representatives told Cybernews that they are investigating a data leak at its Chilean e-commerce site to establish what data has been taken and how the incident occurred. According to the website, private data that belongs to more than 230,000 Puma customers in the South American country has been found ...

  • Fila
    Article

    Todd Klein named president of Fila USA

    2023-01-24T08:02:00

    Former Adidas and Reebok executive Todd Klein is the new president of Fila USA, replacing Jennifer Estabrook, who took the job in 2019 following the sudden death of Jon Epstein.

  • Xtep_company_logo
    News briefs

    Xtep International provides update on Q4, FY22 results

    2023-01-17T09:07:00

    Xtep International is forecasting a high single-digit sales decline, including retail and online channels, for the fourth quarter ended Dec. 31, 2022, when the discount level was approximately 30 percent versus 20 to 25 percent in the year-ago period. Anticipated full-year results call for mid-teens year-over-over revenue growth and a ...

  • Logo 361
    News briefs

    361 Degrees Intl. details preliminary Q4 results

    2023-01-16T13:02:00

    E-commerce sales for the Chinese company rose an estimated 25 percent in the fourth quarter, 361° Degrees reported on Jan. 16, but overall core branded sales were essentially flat during the period. Meanwhile, 361° Kids branded sales increased low-single digits year-over-year.

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide’s profitability will be impacted by inventory reductions

    2023-01-12T09:31:00

    Wolverine Worldwide reduced its Q4 inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s FY22 and Q4 adjusted diluted earnings. Wolverine says final earning results, when reported next month, will be at the low end of ...

  • on-running-logo8_800x800
    Article

    On has various growth levers to pull

    2023-01-11T12:39:00

    On Holding, the Swiss-based “disruptor”, which generated $1 billion in trailing 12-month sales through Q3, continues to focus on innovation and sustainability issues while establishing growth levers to reach younger, Chinese, and apparel consumers as a head-to-toe brand rooted in performance with lifestyle adaptability. On continues to eye a 60 ...

  • crocs
    Article

    International will be vital to Crocs’ $4 billion FY23 revenue objective

    2023-01-10T16:09:00

    Crocs, which has delivered 54 percent annualized shareholder return since 2017 by its own calculation, is forecasting revenue growth of 10 to 13 percent this fiscal year to a range of $3.9 to $4.0 billion with sales in markets outside the Americas increasing at the highest rate.

  • lululemonathleticalogovector_470603
    News briefs

    Lululemon shares take hit after lowered margin outlook

    2023-01-10T16:07:00

    Lululemon, in updating its fourth-quarter guidance ahead of the ICR Conference, lowered its gross margin outlook for a second consecutive quarter. The group forecasted a gross margin decline of 90 to 110 basis points in the period versus a prior outlook of a 10 to 20 basis point increase, and ...

  • 393_SMP-zumiez-logo
    News briefs

    Zumiez Q4 results should meet or exceed forecast

    2023-01-10T15:47:00

    Zumiez, the retail operator of 766 stores worldwide, including 78 Blue Tomato banners across Europe, expects its fourth-quarter sales will be slightly higher than its forecasted range of $258 to $268 million, with corresponding EPS to be at the “mid to high end” of its $0.36 to $0.51 forecasted per ...

  • SGI Pic
    Article

    Analysis: Sporting Goods Industry stocks suffer double-digit market cap decline

    2023-01-09T09:09:00

    This exclusive analysis shows the development in the market capitalization of the top 87 stock-listed sporting goods companies.

  • Peloton_Logo
    News briefs

    Peloton Interactive agrees to pay $19 million fine

    2023-01-06T07:54:00

    Peloton Interactive has agreed to pay a $19 million civil penalty levied by the U.S. Consumer Product Safety Commission (CPSC) for failing to report a defect with its Tread+ treadmill promptly. Besides the fine, the company’s settlement with the government agency requires it to file annual reports on the compliance ...

  • Nike-mobile
    Article

    Nike’s inventory position improves as China recovery commences

    2022-12-21T06:13:00

    In reporting more than a 30 percent quarterly sales increase across three global geographies, growing momentum in its digital business worldwide, better results in Greater China and an improving inventory position, Nike executives told analysts yesterday afternoon that the company “is in a position to control its own destiny.”

  • q3-2022-sgi-europe-scorecard-overview-premium-version(2)
    Article

    Analysis: Sporting Goods Scorecard Q3 2022 – The top performers by sales and profit

    2022-12-20T08:25:00

    Our Q3 Scorecard includes the revenue and profit development of 42 major sporting goods companies.

  • JD Sports Fashion
    News briefs

    JD Sports divesting 15 non-core fashion brands

    2022-12-19T08:21:00

    JD Sports is selling 15 non-core, U.K.-based fashion businesses to Frasers Group for cash consideration of up to £47.5 million (€54.9m). The divestiture will result in JD taking a non-cash exceptional charge of up to £100 million and shifting more focus to the international and digital businesses of its core ...

  • h21
    Analysis

    The world’s biggest sports retailers

    2022-12-13T05:08:00

    This exclusive, yearly statistic shows the revenue development of the 50 largest sports retailers worldwide.

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide announces divestitures, staff cuts

    2022-12-09T07:35:00

    Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...

  • lululemonathleticalogovector_470603
    Article

    International remains vital in Lululemon’s growth strategy

    2022-12-09T06:16:00

    Lululemon continued its string of strong earnings results in the third quarter with 28 percent revenue improvement and 37 percent growth in operating income, but market concerns over the group’s 85 percent inventory expansion and a gross margin decline sent its shares down more than 6.2 percent in after-market trading ...

More by Bob McGee