Sales grew 1.1 percent in the quarter ended June 26 as demand for its modern sporting rifles (MSR) more than offset lower sales of other guns, ammo and accessories.
Author: Charlie Lunan
Skullcandy Inc. Still in Play
Incipio LLC extended its offer to acquire the audio brand by two weeks Wednesday amid a lackluster response and news that a rival bid had come back to life.
The TJX Companies Inc. Grows Store Traffic
The off-price retailer, which owns Sierra Trading Post, kept bucking retail trends in its second quarter by luring more customers to its 3,675 stores.
PSG Confirms Regulatory Inquiries
Performance Sports Group, which is facing a half dozen shareholder lawsuits, confirmed it is the subject of inquiries by US and Canadian securities regulators.
Parents Poised to Spend Less on Kids’ Sports
A new survey from American Express suggests sports will lose market share to other extracurricular activities, which are losing share to technology.
Dick’s Sporting Goods Demolishes Fiscal Q2 Guidance
Faster than expected store liquidations by bankrupt rivals helped the retailer exceed its guidance in the just-ended quarter, but could also eat into back-to-school sales.
Obama Nudges TPP Process Forward
The administration’s release of a draft statement on the Trans-Pacific Partnership indicates its intent to push the deal through a lame duck Congress.
The TJX Companies Inc. Grew Q2 Comps 4 Percent
The off-price retailer, which serves as a clearance outlet for athletic and outdoor apparel brands, increased net sales 7 percent in the quarter ended July 30.
Wolverine World Wide Updates Buy Back Plans
The owner of Merrell, Sperry and Saucony said its board approved a plan to repurchase $300 million shares and issue a $250 million, 10-year senior note.
Dick’s SG Beats Q2 Earnings Guidance
The retailer handily beat its guidance for consolidated net income and same-store sales growth in its latest quarter thanks to strong growth in online sales.
361 Degrees 1H Sales Up Nearly 16 Percent
The leading international sportswear brand based in China reported its KIds, online and international business lead growth in the six months ended June 30.
Dick’s Sporting Goods CFO Departs
The retailer, which is expected to report its second-quarter earnings Tuesday morning, said its COO will fill the role until a successor can be found.
Sporting Goods Store Sales Slowed in July
Retail sales at sporting goods stores decreased 2.2 percent seasonally adjusted month to month and increased 1.9 percent unadjusted year over year in July, estimated the National Retail Federation.
Skullcandy Rejects Unsolicited Bid
The action sports-inspired audio brand accepted and then rejected two acquisition offers from a company over the weekend after the bidder waffled.
Leatt Corp. Cites Strong Dollar in Q2 Loss
The South African maker of protective helmets and braces for motocross and cycling reported sales fell 28.8 percent in the quarter, despite growth in the US.
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