Author: Thomas J. Ryan

Rocky Brands’ Q2 Benefits From Online Boost

Rocky Brands’ Q2 Benefits From Online Boost

Rocky Brands Inc.’s sales were slightly down and adjusted earnings flat year-over-year in the second quarter despite COVID-19's impact, handily topping Wall Street’s targets. On a conference call with analysts, Jason Brooks, president and CEO, said, “Despite being up against the most difficult operating conditions we have ever experienced, our business exhibited increasing strength as the quarter progressed.” (Read More)

Remington Unable To Avoid Bankruptcy Court

Remington Unable To Avoid Bankruptcy Court

In court papers, Ken D’Arcy, Remington Outdoors’ CEO, said the firearm’s giant’s second bankruptcy in two years was partly due to elevated inventory levels and a wide range of brands that extended the company beyond its “core focus” coming out of its first bankruptcy. He added, “Most importantly, the unfavorable business trends continued after exit from the prior cases.” (Read More)

Great American Outdoors Act Marks Sweeping Victory For Conservation

Great American Outdoors Act Marks Sweeping Victory For Conservation

The passage of the Great American Outdoors Act was praised by a wide array of outdoor advocates across the hunt, camp, hike, and fish spaces. The bill, expected to be quickly signed into law by President Donald Trump, promises to address scores of long-neglected maintenance projects at Yellowstone, the Grand Canyon and hundreds of other national parks across the country. (Read More)

Hibbett Sports Sees Comps Vault In Q2, Still Uncertain Road Ahead

Hibbett Sports Sees Comps Vault In Q2, Still Uncertain Road Ahead

Hibbett Sports Inc. said it expects same-store sales to catapult in excess of 70 percent in the second quarter ended August 1 but cautioned that some of the boosts to the second quarter won’t be recurring in the second half. On a conference call with analysts, Hibbett officials also noted that prospects for the back-to-school selling season remain up in the air as school openings are uncertain. (Read More)

Oppenheimer Turns Bullish On Dick’s SG

Oppenheimer Turns Bullish On Dick’s SG

Oppenheimer upgraded its rating for Dick's SG to “Outperform” from “Perform” due to expected strength in the sporting goods category amid the pandemic. Brian Nagel, Oppenheimer’s lead analyst in the space wrote in a note, “The company’s robust omnichannel business model is positioned well to capitalize upon improving consumer demand for items associated with consumers now spending more time at home and poised to further benefit as shoppers shift back to team sports and licensed products.” (Read More)

Nordstrom Sees Flexible Model Helping Manage COVID-19 Fallout

Nordstrom Sees Flexible Model Helping Manage COVID-19 Fallout

Nordstrom’s sales tumbled 40 percent during its first quarter, but officials said aggressive steps to reduce inventory and preserve cash will help the retailer in the near term while an accelerated expansion of its online and off-price business will better position the company for the long term. CEO Erik Nordstrom, told analysts Nordstrom Rack is “just a huge part of our future.” (Read More)

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