Big 5 Warns Of Q1 Loss

Big 5 Sporting Goods Corp. reported earnings of $356,000, or 2 cents share, in the fourth quarter, rebounding from a loss a year ago. But the retailer said it expects a loss in the first quarter as winter weather conditions have softened significantly over the course of the period. Same-store sales are currently running down approximately 10 percent in the quarter.

Modell’s Releases List Of Planned Store Closures

Modell’s Sporting Goods’ list of the 19 stores it plans to close includes nine locations in its hometown of New York City. The retailer initially said it planned to close 24 stores but rent concessions will keep five open.

AAFA Grows Policy And Membership Teams

The American Apparel & Footwear Association (AAFA) announced that it has hired Beth Hughes as vice president, trade & customs policy, and Megan Balkovic as director, membership experience & industry engagement. Both are new positions that expand the association’s policy and membership divisions.

Can Nautilus Catch Its Connected-Fitness Competitors?

On Monday’s fourth-quarter earnings conference call, Nautilus Inc. CEO Jim Barr admitted that the Vancouver, WA-based fitness manufacturer got a late start bringing connected equipment to the marketplace. Despite being late to the category, Nautilus has shifted into high gear and is spinning furiously to gain ground on leaders like Peloton, Echelon and others.

Wolverine World Wide Sees Five Percent Growth In Q4

Wolverine World Wide Inc. reported sales rose 4.8 percent in the fourth quarter, boosted by mid-teens revenue growth from Merrell and Sperry and saw earnings top Wall Street’s guidance. For the current year,  however, the company provided a soft outlook, citing the negative impact of the coronavirus outbreak.

VF Corp. Again Recognized For Ethics

VF Corp. has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies for the fourth consecutive year.

Business Transformation Drives Nautilus To Q4 Beat

Nautilus Inc. on Monday reported earnings per share for the fourth quarter of 12 cents, easily topping Wall Street’s estimates by 26 cents. Revenue of $104.2 million was down 9.7 percent compared to the year-ago quarter, but it topped expectations by $4.4 million.