Sportsman’s Warehouse CEO To Retire
Sportsman’s Warehouse announced today the retirement of its chief executive officer, John Schaefer. Schaefer also resigned as a member of the board of directors. Jon Barker, the company’s president and chief operating officer, has been appointed as the company’s chief executive officer and has also been appointed to the Board of Directors to fill the vacancy created by Schaefer’s retirement.
Gander Outdoors Prepares For Grand Opening In Flint, MI
The 65,000-square-foot store will be one of eight Gander Outdoor retail locations in Michigan.
TYR Sport Re-Signs Jan Frodeno
TYR Sport announced the re-signing of Olympic Gold Medalist and 2X IRONMAN World Champion Jan Frodeno to its roster of sponsored athletes.
Footaction Debuts ‘Uncover’ Featuring Jonathan Mannion And Freddie Gibbs
Footaction teamed up with photographer Jonathan Mannion and recording artist Freddie Gibbs to debut a new content franchise, “UNCOVER Presented by Footaction.” The conversation, hosted by radio personality Mando Fresko, focused on how lifestyle and culture intersect.
February Retail Sales Increase 4.4 Percent Over Last Year
February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.
Newell Brands Independent Directors Issue Open Letter To Shareholders
Newell Brands mailed a letter to shareholders from the independent members of its Board of Directors detailing their perspective on the upcoming proxy contest with Martin Franklin and his affiliates, under the banner of Starboard Value, LP.
Adidas Lifts Profitability Target After Robust 2017
Adidas AG reported revenue growth accelerated in the fourth quarter, led by China and North America, prompting the company to upgrade its profitability target for 2020.
VF Corp. To Acquire Altra
VF Corp. signed a definitive purchase agreement to acquire the Altra footwear brand from Icon Health & Fitness, Inc.
Dick’s Hopes Healthier Margin Outlook Offsets Top-Line Challenges
Dick’s Sporting Goods said on its fourth-quarter conference call that it’s facing top-line challenges in the hunt and fitness tracker categories as well as the Under Armour brand overall. But stronger product innovation from select key partners and the continued expansion of its private brands are expected to result in less margin pressure in 2018 than previously expected.
Adidas Initiates Multi-Year Stock Buyback Program
With the approval of the Supervisory Board, the Executive Board of Adidas AG has decided to launch a multi-year share buyback program of up to €3.0 billion ($3.7 bn) in total until May 11, 2021.
Clarus Sees Double-Digit Growth For Black Diamond Equipment
Sales for the Black Diamond Brand grew 11 percent, led by a 24 percent gain in the Ski category and 21 percent in the Climb Black category. Unseasonally dry weather in the Western U.S. restrained growth in apparel.
Tilly’s Q4 Derailed By E-Com Snafu
Tilly’s Inc. reported earnings that came in at the low end of projections and same-store sales that missed guidance as online sales were disrupted by a system upgrade. Management remained bullish on continued improvement in 2018.
Outdoor Voices Secures More Funding
Outdoor Voices, the women’s fitness apparel startup, has raised $34 million in a series C round, according to a regulatory filing.
2nd Chance Sports Appoints Anthony Sica As President
2nd Chance Sports, a non-profit organization that donates gently used and new sporting equipment to children in need throughout the New York City area, has appointed Anthony Sica as president.
NSGA Welcomes Speakers To Management Conference
Speakers will include Michigan State University basketball coach Tom Izzo, Beth Porreca of USA Football, David James of Major League Baseball. The conference will also include a number of sessions focusing on how to compete with Amazon.
