Sportsman’s Warehouse Holdings Inc. on Thursday announced that the company is lowering its financial guidance for the fourth quarter and fiscal year 2019 due to headwinds stemming from competitors discounting firearms and ammunition as well as the shortened holiday season.
Author: SGB Media
The Buckle’s Comps Climb In December
The Buckle Inc. reported comparable store sales increased 5.0 percent in December. Overall sales increased 4.8 percent to $143.9 million from $137.4 million in the same period a year ago.
December M&A Roundup: Pelican, Powdr, Thule And More
Pelican International’s acquisition of Confluence Outdoor headlined a busy December for M&A in the active lifestyle market. It also saw ski resort operator Powdr Corp. expand into Canada and Thule Group add a maker of fly fishing rod vaults to its portfolio. SGB Executive’s monthly roundup breaks down the deals from December and includes the full list of transactions for the month.
PVH Corp. To Sell Speedo North America Business To Pentland Group
PVH Corp. announced Thursday that it has entered into a definitive agreement to sell its Speedo North America business to Pentland Group, parent company of Speedo International Limited, for $170 million in cash, subject to a working capital adjustment.
JCPenney’s Holiday Comps Sink
J. C. Penney Company Inc. announced that its comparable store sales for the combined nine-week period ending January 4, 2020 decreased 7.5 percent. The retailer reaffirmed its guidance for the year.
Kohl’s Holiday Comps Dip 0.2 Percent
Kohl’s Corp. reported that its comparable sales for fiscal November and December 2019 combined decreased 0.2 percent over the same period last year. The department store operator expects EPS to come in at the low-end of guidance.
PVH Corp. Names Regional President, PVH Asia Pacific
PVH Corp. announced that Tom Chu will become regional president of PVH Asia Pacific, effective February 1, 2020.
Fanatics Brands Secures New Headquarters
Fanatics Brands, the in-house apparel division for Fanatics Inc., has signed a lease for three full floors, or 92,000 square feet, at 5332 Avion in Tampa. Previously, the apparel division has been spread across three locations in Tampa.
Target Launches All in Motion Sports Brand
Target has launched a proprietary All in Motion sports brands. Items will range from sports bras and leggings to hand weights and yoga mats.
Lipsey’s Announces Key Management Promotions
Firearms distributor Lipsey’s on Wednesday announced the promotion of two long-time, dedicated members of its management team.
Largest Orangetheory Franchisee Acquires Significant Operations In New England
Honors Holdings, a leading franchisee of Orangetheory Fitness, announced its expansion into the northeast U.S. with several recent acquisitions including 12 corporate-owned studios and area development rights for both Massachusetts and Rhode Island.
Housewares Segment Powers Helen Of Troy In Fiscal Q3
Helen of Troy Ltd. on Wednesday reported consolidated net sales growth of 10.1 percent to $474.7 million for the fiscal third quarter ended November 30, 2019, behind a strong performance in its housewares segment, which includes Hydro Flask.
Union Sportsmen’s Alliance Names Jay Stuart Director Of Sales And Marketing
The Union Sportsmen’s Alliance (USA) has tapped outdoor industry veteran Jay Stuart to serve as the organization’s director of sales and marketing.
Lululemon Appoints Nikki Neuburger Chief Brand Officer
Lululemon Athletica Inc. appointed Nikki Neuburger as chief brand officer, effective January 20. She was most recently global head of marketing for Uber Eats. Previously, Neuburger spent 14 years at Nike, most recently serving as the company’s global vice president of Nike Running.
First Lite Names Ross Copperman As President
Hunting gear brand First Lite on Wednesday named long time company veteran Ross Copperman as its new president.
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