Shimano Group’s Q4 Impacted By Cycling Weakness
Shimano Group saw operating earnings in the fourth quarter slide 19.6 percent to ¥16.1 billion while net sales dropped 11.4 percent to ¥81.3 billion.
Asics Lifestyle Apparel On The Rise?
The successful relaunch of Asics Tiger two years ago has led to its newest iteration, a premium apparel collection that continues to highlight the Japanese brand’s lifestyle business.
FGL Sports Sees 5.1 Percent Q4 Comp Gain
Canadian Tire reported same-store sales at its FGL Sports segment grew 5.1 percent in the fourth quarter. Comps at Sport Chek climbed 4.9 percent.
Cabela’s Q4 Profits Slide
Cabela’s Inc., which has reached an agreement to merge with Bass Pro, reported earnings 26.3 percent in its fourth quarter ended December 31 as sales fell 4.9 percent. U.S. comparable-store sales decreased 6.4 percent.
Canada Goose Files For IPO In New York And Toronto
According to its prospectus, revenues grew at an annualized rate of 38.3 percent from 2014 to 2016.
January Retail Sales Expand 3.8 Percent
Sporting goods stores’ sales increased 1.8 percent seasonally adjusted over the previous month and decreased 3.7 percent unadjusted year over year.
Sportsman’s Warehouse to Hold Grand Opening In Cedar City, UT
Sportsman’s Warehouse is opening ninth location in the state of Utah in Cedar City.
Foot Locker Sets Capital Allocation Plans For 2017
Foot Locker raised its dividend payout, launched a new stock repurchase programs and slightly lowered its capital expenditure program in announcing its overall capital allocation plans for 2017.
Patagonia Forms Research Partnership With HeiQ
The partnership will explore ways for a sustainable textile finishing technology to achieve high-performance breathable and durable water repellence (DWR).
Gander Mountain Downplays Bankruptcy Speculation
Gander Mountain issued a statement noting that it had retained Houlihan Lokey as independent advisors as part of a review process, but also inferred the hiring wasn’t tied an imminent bankruptcy filing.
MC Sports Looks For Rebirth Amid Liquidation
In two diametrically opposed maneuvers, MC Sports is planning to quickly hold going-out-of-business sales at all its locations while also feverishly seeking a buyer or investor to avoid an all-out liquidation.
VF Corp. Adds To Board Of Directors
The branded lifestyle apparel, footwear and accessories company elected Carol L. Roberts and Benno Dorer as board directors, effective February 14, 2017.
Walmart Acquires Moosejaw
Walmart has acquired Moosejaw, a leading online outdoor retailer, for approximately $51 million.
Gander Mountain Retains Houlihan Lokey In Review Process
The privately-held firm said it issued the statement because “recent speculative news articles” had caused concern among its partners.
Nike and Under Armour Top MC Sports Unsecured Creditors List
The list of the top 20 unsecured creditors of MC Sports reads like a who’s who of the sporting goods industry. The largest sums were owed to Nike, $3.81 million, and Under Armour, $2.45 million.
