Author: Thomas J. Ryan

Inside The Call: Callaway To Jump Into Sports-Entertainment Business With Topgolf Acquisition

Inside The Call: Callaway To Jump Into Sports-Entertainment Business With Topgolf Acquisition

Callaway Golf Co. reached an agreement to purchase the rest of driving-range operator Topgolf Entertainment Group in a move that will bring a company known for its clubs and golf balls into the fast-growing sports-entertainment business. Said Callaway’s CEO Chip Brewer told analysts, "This is a great day for the future of our two companies and the sport of golf.” (Read More)

VF Back On Path To Growth

VF Back On Path To Growth

VF Corp. said currency-neutral growth of 42 percent in e-commerce and 19 percent in mainland China helped drive earnings and sales ahead of internal and Wall Street’s expectations in the second quarter ended September 26. Sequential improvement was predicted for the holiday quarter followed by the return to growth in its March quarter. (Read More)

Aspen Institute: Kids Lost Interest In Sports During COVID-19

Aspen Institute: Kids Lost Interest In Sports During COVID-19

Nearly 3 out of 10 kids who played a sport prior to the coronavirus pandemic are no longer interested in participating, according to the latest national survey of sports parents commissioned by The Aspen Institute. That figure, (29 percent), captured in September, is up from 18 percent in May and 19 percent in June and underscores the growing challenges that lie ahead in keeping kids at play.  (Read More)

Tennis Looks To Capitalize On Newbies

Tennis Looks To Capitalize On Newbies

At the recent 2020 Tennis Industry Forum, executives at the United States Tennis Association (USTA), Tennis Industry Association (TIA) and the National Golf Foundation (NGF) discussed the rare opportunity tennis has to capture many Americans who have embraced the sport over the last few months due to COVID-19. Said Mike Dowse, USTA's CEO, "Tennis is truly one of the safest sports or activities people can participate in." (Read More)

Youth Sports’ Rocky Road To Recovery

Youth Sports’ Rocky Road To Recovery

While significant progress has been made over the last six months to bring youth sports back safely, the process has been frustrating, according to participants at two sessions at SFIA’s “Back on Track: Insights and Strategies” virtual conference. Roundtable participants included executives from The National Federation of State High School Associations, NFL, Good Sports, and Augusta Sportswear. (Read More)

Dick’s SG Sees Opportunities To Build On Momentum Amid Pandemic

Dick’s SG Sees Opportunities To Build On Momentum Amid Pandemic

At Goldman Sachs’ Annual Retailing Conference Wednesday morning, Ed Stack, chairman and CEO, said “some pull forward” helped drive the retailer’s whopping 20.7 percent comp gain in the second quarter. However, strong demand for many categories that have benefited from lifestyle changes amid the COVID-19 pandemic are expected to continue into 2021. Stack said, "We're fortunate we're in a great lane for what's going on right now." (Read More)

Journeys Sidetracked By Back-To-School Disruption

Journeys Sidetracked By Back-To-School Disruption

Genesco Inc. said its core Journeys chain saw a strong sales recovery as stores began re-opening at the start of the second quarter with the comfort trend favoring its fashion athletic mix, but delays in back-to-school selling impacted revenues in the latter part of the quarter and have created significant uncertainty about prospects for the current quarter. (Read More)

Titleist Parent Sees Robust Recovery In Q2 As Golf Courses Re-Open

Titleist Parent Sees Robust Recovery In Q2 As Golf Courses Re-Open

Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, said that after a brutal first two months of the second quarter due to store and golf-course lockdowns, sales bounced back strongly in June, accelerated in July, and are expected to continue strong through the third quarter. Said David Maher, Acushnet’s president and CEO, on a conference call with analysts, "The game and business of golf have been incredibly resilient.” (Read More)

Wolverine Worldwide Gets Q2 Lift From E-Commerce, Active Trends

Wolverine Worldwide Gets Q2 Lift From E-Commerce, Active Trends

Wolverine Worldwide’s sales in the second quarter fell 39 percent but came in significantly better than internal expectations due to a 96 percent hike in online sales and strong trends towards the end of the quarter around outdoor, run and work. Said Blake Krueger, chairman, CEO and president, “The company's performance significantly exceeded our expectations entering the quarter on virtually every financial metric." (Read More)

Johnson Outdoors Sees Orders Spike As People Head Outdoors

Johnson Outdoors Sees Orders Spike As People Head Outdoors

Johnson Outdoors Inc. reported steep declines in profits and revenues in its fiscal third quarter ended June 26 but indicated orders have increased significantly in May and June in its Fishing, Watercraft Recreation and Camping segments as quarantined-consumers head outdoors for recreation. Helen Johnson-Leipold, chairman and CEO, said on a conference call with analysts, “At this time, we are working overtime to keep pace with continuing demand in all three of these businesses.” (Read More)

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