Aisle Talk Week Of November 2, 2020

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of November 2, 2020, covered in the SGB Updates and delivered to your inbox every business day.

— November 6, 2020 —

›Acushnet’s Q3 Revenues Expand 15 Percent
Acushnet Holdings Corp., the parent of Titleist, reported earnings more than doubled in the third quarter as sales grew 15.1 percent. Read more

›Dorel Sports’ Q3 Revenues Climb 22 Percent
Dorel Industries reported revenues at Dorel Sports reached $305.6 million in the third quarter, an increase of 22.1 percent year-over-year. Read more

›SportChek’s Q3 Same-Store Sales Dip
Canadian Tire Corp. reported SportChek’s comparable sales growth declined 1.4 in the third quarter. On a constant-currency basis, Helly Hansen’s revenue decreased 0.9 percent. Read more

›GoPro’s Q3 Revenues More Than Double
GoPro announced a return to profitability in the third quarter ended September 30 as sales year-over-year jumped 114 percent. Read more

— November 5, 2020 —

›Peloton’s Q1 Sales Surge 232 Percent
Peloton Interactive Inc. reported total revenue grew 232 percent in the first quarter ended September 30 to $757.9 million, exceeding Wall Street’s consensus target of $748.1 million. The company lifted its sales outlook for the full fiscal year but again warned of supply chain constraints. Read more

›BSN Sports Partners With The Scout Hub In Conjunction With Under Armour
BSN Sports announced a partnership with The Scout Hub in conjunction with its brand partner, Under Armour. Through this partnership, baseball and softball organizations that use The Scout Hub will receive team apparel, equipment discounts and dedicated products serviced by BSN. Read more

›Planet Fitness’ Q3 Revenues Drop 37 Percent
Planet Fitness Inc. reported a loss in the third quarter ended September 30 as sales dropped 36.8 percent. Read more

›The Buckle’s October Comps Climb 13 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended October 31, 2020, increased 12.7 percent. Read more

›Vista Outdoor’s Q2 Sales Jump 29 Percent
Vista Outdoor Inc. reported sales rose 29 percent in the second quarter ended September 27. Outdoor Products delivered 35 percent organic growth, and Shooting Sports gained 26 percent. E-commerce revenues doubled. Read more

›HanesBrands Sees Champion’s Revenues More Than Double Sequentially In Q3
HanesBrands Inc. reported sales in the third quarter excluding exited programs, and the effect of changes in foreign exchange rates rose 2.6 percent. Highlights included global Champion net sales more than doubled over the previous quarter. U.S. Innerwear sales were up 8.4 percent over last year. Read more

›Canada Goose’s Q2 Revenues Slump 34 Percent
Canada Goose Holdings Inc. reported earnings fell 82.8 percent in the second quarter ended September 27 as revenues declined 33.7 percent. Canada Goose noted that Mainland China has returned to growth and the adjusted EBIT margin was positive for the first time since the onset of COVID-19. Read more

›Yeti’s Q3 Revenues Climb 29 Percent
Yeti Holdings Inc. reported earnings on an adjusted basis more than doubled in the third quarter ended September 26 as sales jumped 29 percent. Yeti expects sales in the range of 15 percent to 16 percent in the fourth quarter. Read more

›Wolverine Worldwide Tops Expectations On Strength In Performance And Work Brands
Wolverine Worldwide reported earnings fell in the third quarter on a 14 percent revenue decline, but both exceeded internal expectations. Saucony and Chaco delivered double-digit revenue growth, while Merrell and its work brands drove sequential revenue improvement versus Q2. (Read More)

›Winchester’s Q3 Revenues Improve 9.4 Percent
Winchester’s sales for the third quarter 2020 were $206.4 million, compared to $188.7 million in the third quarter 2019, reflecting a gain of 9.4 percent. Read more

›Sweaty Betty Seeks New Investor
Sweaty Betty is reportedly seeking new investment following strong sales during the coronavirus lockdown. Read more

›Canyon Bicycles Attracting Buyout Interest
Canyon Bicycles is reportedly attracting takeover interest from private equity groups, including Carlyle Group and KKR & Co., according to a report from Bloomberg. Read more

›Recall: Rogue Home Timers
About 8,900 Rogue Home Timers from Rogue Fitness are being recalled. (Read More)

›Lazydays Sees 36 Percent Q3 Revenue Gain
Lazydays Holdings Inc. reported revenues for the third quarter of 2020 were $215.7 million, up $57.3 million, or 36.2 percent, versus 2019. Read more

›Recall: Yeti Rambler Travel Mugs
About 15,000 Yeti Rambler 20 oz Travel Mugs with Stronghold Lids are being recalled from 241,500 mugs produced. Read more

›Greyrock Capital Acquires Kahunaverse Sports Group
Greyrock Capital Inc. announced the acquisition of Kahunaverse Sports Group Inc. and its subsidiary company, Soccer Express Trading Corp. Read more

— November 4, 2020 —

›Rossignol Group Sets CEO Transition
After 16 years of leading Rossignol Group, Bruno Cercley will hand over the CEO responsibility to Vincent Wauters during the first quarter of 2021. He will keep a non-executive role as president and member of the Board. Read more

›NPD Data: U.S. Athletic Footwear Declines In Third Quarter; Activewear Up
Athletic footwear sales declined in the mid-single-digits in the third quarter while activewear saw a low-single-digit increase in the period, according to point-of-sale data from NPD. Read more

›Fitbit’s Q3 Revenues Expand 5 Percent
Fitbit Inc., which reached an agreement to be acquired by Google, reduced its loss in the third quarter as sales grew 4.8 percent.  Read more

›Equinox’s Debt Ratings Downgraded
Moody’s Investors Service downgraded Equinox Holdings Inc.’s debt ratings. The downgrade reflects Moody’s view that the probability of a balance sheet restructuring, or distressed exchange transactions over the next 12-18 months, has increased to a high level. Read more

›Safilo’s Q3 Sales Expand 6 Percent
Safilo Group S.p.A. reported third-quarter sales grew 6.0 percent on a currency-neutral basis. The key positive drivers were represented by the rebound experienced by the wholesale market in North America and the full-quarter contribution from the recent acquisitions of Blenders Eyewear and Privé Revaux. Read more

›NPD Acquires Pricing Excellence
The NPD Group has acquired Pricing Excellence, a retail analytics company that uses cloud-based computing technologies to deliver market insights. Read more

›Avon Rubber Completes Acquisition Of Team Wendy
UK-based Avon Rubber p.l.c. completed its acquisition of Team Wendy for $130 million. Read more

›Bogs’ Q3 Sales Climb 6 Percent
Weyco Group Inc. reported Bogs’ North American wholesale sales rose 6 percent in the third quarter as compared to last year due to higher sales in the farm, service and industrial trade channel and with e-commerce retailers. Read more

›Outdoor Sportsman Group x The Archery Trade Association Announce Media Partnership
The Archery Trade Association and Outdoor Sportsman Group announced its “ATA New Product Premiere,” a media partnership covering and promoting the archery and bowhunting industries. Read more

›REI Co-Op To Open Store In Jackson, WY In Summer 2021
REI Co-op will open its first Wyoming store in Jackson in Summer 2021. The outdoor retailer also said a previously-announced store in Boca Raton, FL will open on November 13. Read more

— November 3, 2020 —

›Bass Pro To Open Angler’s Lodge In Hollister, MO
Bass Pro Shops has acquired a La Quinta Inn in Hollister, MO and plans to convert it into an Angler’s Lodge. Read more

›NPD Report: U.S. Footwear Sales To Stabilize, Bounce Back In 2021
Lifestyle changes and consumer behavior shifts in 2020 due to COVID-19 drove year-over-year sales according to the NPD data. Read more

›Ballogy Appoints COO And CFO
Ballogy Inc. appointed John Nethery as COO and CFO as the company experiences accelerating growth. Nethery will be responsible for executing Ballogy’s mission to create the maximum value for its strategic partners and company shareholders. Read more

›Sauer Partners With Big Rock Sports
Blaser Group announced its J.P. Sauer brand partnership with Big Rock Sports, the wholesale distributor. Read more

›1791 Gunleather Welcomes Regional Sales Manager
1791 Gunleather announced the addition of George Vilarino as its regional sales manager for the Northeast and Great Lakes regions. Read more

›MarineMax Acquires SkipperBud’s And Affiliates
MarineMax announced the acquisition of SkipperBud’s and its affiliate Silver Seas deepening the North/South/West connection for both organizations and its customers. Read more

›Exped Appoints Western Sales Reps
Exped USA retained Caraway & Co. as brand partners to cover Arizona, California, Nevada, Oregon, Washington, Idaho, Montana, and Alaska. Read more

›Pentland Appoints Speedo Brand Director
Pentland Brands has named Kev McFadyen as global brand director for its Speedo brand. He joined the firm two years ago as the brand director for Berghaus, since then “he has successfully led [it] to deliver growth across both financial and brand metrics including the rapid transformation of the brand strategy that has led to the development of new product ranges and expansion into new markets”. Read more

— November 2, 2020 —

›Nike To Layoff 700 At HQ By January
Nike will lay off approximately 700 employees from its world headquarters in Beaverton, OR, according to an October 29 letter it sent to local and state officials. Read more

›Kingswood Capital Management Completes Acquisition Of MEC
Kingswood Capital Management, LP announced that it has completed its acquisition of substantially all of MEC’s assets through the company’s Creditors Arrangement Act. MEC is Canada’s largest outdoor chain with 21 stores. Read more

›The Association Of Golf Merchandisers Appoints Marketing Manager
The Association of Golf Merchandisers announced the appointment of Jennifer Morton to the newly created position of marketing manager. Read more

›NICS Checks Climb 60 Percent In October
The FBI completed 1.77 million gun background checks on an NSSF-adjusted basis in October, a climb of 60.1 percent compared to the October 2019 NSSF-adjusted NICS figure of 1.1 million. Read more

›Emerald Holding Sees Sales Collapse On Cancelled Shows
Emerald Holding Inc. reported revenues of $8.5 million in the third quarter ended September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent. The decrease primarily reflected a $68.0 million reduction from the cancellation of substantially all third-quarter events due to COVID-19 most notably ASD August, NY NOW August, CEDIA Expo, and Modern Day Marine. Read more

›Callaway Golf’s Debt Rating Outlook Lowered Following Topgolf Acquisition
Moody’s affirmed Callaway’s B1 CFR following the announcement of its plan to acquire acquisition but changed its outlook to negative. S&P placed all its debt ratings on Callaway on CreditWatch with negative implications. Read more

›Surf Expo To Hold In-Person Show In January
Surf Expo announced its upcoming January 6-8, 2021 trade show will take place in the West Concourse of the Orange County Convention Center, a shift from the North/South Hall where the show had been held previously. Read more

›RSR Group Adds Christensen Arms
RSR Group Inc. announced the addition of Christensen Arms to its product assortment. Read more

›TaylorMade Golf Partners To Drive Cross-Border E-Commerce
TaylorMade Golf Company has partnered with eShopWorld to support cross-border shopping in Europe and Mexico. Read more

›NPD Study Predicts Strong Sales Gains For “New Holiday Period”
NPD’s annual Holiday Purchase Intentions study predicts sales increasing in the range of 4.3 percent to 5.1 percent for the “New Holiday Period”, beginning in mid-October with early promotions running through mid-January with gift card redemption. The estimate also spans a broader view of its discretionary categories. Read more

›Yeti Appoints Board Member And Announces Board Transitions
Yeti Holdings Inc. announced its Board of Directors has appointed Alison Dean, former executive vice president, chief financial officer and treasurer at iRobot, as an independent director, effective October 30, 2020. Read more

›Dorel Reaches Agreement To Go Private
Dorel Industries Inc. announced that it has reached an agreement in principle regarding a transaction whereby Dorel would be taken private by a buyer group led by affiliates of Cerberus Capital Management, L.P. and family shareholders including Martin Schwartz, Jeffrey Schwartz, Alan Schwartz, and Jeff Segel. Read more

›VF Corp. Appoints VP, Global Inclusion & Diversity
VF Corp. announced the appointment of Lauren Guthrie to the position of vice president, global inclusion & diversity. Read more

›Genesco Announces Departure Of Chief Financial Officer
Genesco Inc. announced that Melvin G. Tucker, senior vice president and chief financial officer has resigned his position effective November 27, 2020. Read more

›Camping World’s Q3 Revenues Climb 21 Percent
Marcus Lemonis, chairman and CEO, stated, “Coming off of an extremely positive second quarter, demand remained strong, and we were able to achieve record-breaking third-quarter results.” Read more

›WizWheelz Makes Key Hires
WizWheelz, the parent company of recumbent bike brands TerraTrike, GreenSpeed, and KMX has expanded its operations and marketing team with key hires. Read more

Photo courtesy Getty