Dorel Sports Stung By Delays In Bike Purchases
Martin Schwartz, president and CEO of Dorel Industries, said, “Dorel Sports has worked throughout 2016 to position itself for an earnings rebound this year, excess industry inventories have been reduced and the ramp in discounting should not be repeated.”
Hibbett Sport’s Q4 Earnings Drop 30 Percent
Jeff Rosenthal, president and chief executive officer, stated, “Results did not meet our expectations for the quarter, although we were pleased with continued strength in our footwear business.”
Genesco Sees Slight Gain In Q4 Earnings
Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, “Fourth quarter EPS came in above last year’s levels and above expectations fueled in large part by better holiday selling than anticipated for most of our businesses.”
Dorel Sports Revenues Slump In Q4
The quarter’s revenue decline was due primarily to the change in North American CSG dealers’ purchasing habits to reduce their inventory prior to the cycling season.
VF/Majestic MLB Workers Hold Rally In Philadelphia
The rally comes amid expected changes as Under Armour replaces Majestic Athletic as the MLB’s uniform provider starting in 2020.
Reebok Opening Fitness Showrooms
Reebok is opening showrooms in cities that also offer ample spaces for fitness classes.
JackRabbit’s New Owner Eyes Expansion
Said Bill Kirkendall, CEO of JackRabbit, in an interview with SGB, “Our strategy is to consolidate all stores under the JackRabbit banner and grow organically and through acquisitions.”
Tough Mudder Continues Global Expansion With ESPN
Tough Mudder, Inc. announceD global expansion deals with ESPN Media Distribution and Sports Media and Entertainment 360 (SME360) that furthers the brand’s global content reach and geographic event footprint.
Zumiez’s Q4 Profits Climb 38 Percent On 9 Percent Sales Gain
Rick Brooks, CEO of Zumiez, stated, “Our fourth quarter earnings performance exceeded expectations driven by efficiencies realized as we continued to execute on our omni-channel and localization efforts combined with a more favorable tax rate.”
CriticalPoint Capital Confirms JackRabbit Acquisition
In partnership with management, CriticalPoint will support JackRabbit’s continued organic growth strategy, as well as provide the company with additional capital to pursue future acquisitions, which is expected to result in market share gains in the years ahead.
Salt Lake City Wants Outdoor Retailer Back
The Salt Lake City Council passed a resolution Tuesday night calling on show and industry leaders to reconsider its decision to move, according to the Salt Lake Tribune.
Under Armour Announces UA Mountain Running Series
The running series reaches Oregon’s Mt. Bachelor, Killington in Vermont and Copper Mountain in Colorado.
Fanatics Partners With America’s Cup
Fanatics announced a partnership with the America’s Cup as the exclusive supplier of global e-commerce for this year’s event.
Skechers Performance Extends Partnership with Pro-Golfer Billy Andrade
Billy Andrade has been a part of the GO Golf pro team since the global footwear company debuted its line of performance Golf footwear and apparel.
AND1 And Avia Expand To Brazil
Sequential Brands Group Inc. entered into a long-term license agreement with SPR Indústria de Confecção Ltda., a leading sports manufacturer and distributor to bring its basketball brand AND1, active lifestyle brand AVIA, and skate brand DVS to Brazil.
