Ares Management LLC and Canada Pension Plan Investment Board (CPPIB) announced that their affiliates have completed the acquisition of Neiman Marcus Group LTD Inc. for a purchase price of approximately US$6.0 billion…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Dick’s SG Sets Grand Openings for Four Stores
Dick's Sporting Goods Inc. announced grand opening celebrations for four new locations: Palm Desert, CA; Findlay, OH; Sioux Falls, SD; and West Des Moines, IA…
Golf Galaxy to Open Stores in Nevada and Missouri
Golf Galaxy set grand opening celebration weekends for stores in Las Vegas, NV and Chesterfield, MO…
Puma’s Revenues Slide in Q3
Puma's Q3 revenues slid 7.6 percent in the third quarter to £824.8 million ($1.14 bn) from £892.2 million, according to a revenue update from its parent, Kering. Puma’s sales for the quarter were down 0.8 percent on a comparable basis. The decl
Callaway Golf’s Q3 Loss Narrows
Callaway Golf Co. reduced its loss in the third quarter to $22.9 million, or 32 cents a share, from $89.2 million, or $1.19, a year ago. Revenues grew 38 percent to $178.2 million from $147.9 million…
Deckers Finally Sees Some Margin Recovery
Deckers Outdoor reported third-quarter earnings slid 23.2 percent to $33.1 million, or 95 cents a share due to sharply higher overhead expenses. However, results exceeded Deckers' July targets in part due to improved margins and the company lifted it
North America a Bright Spot for Puma
Puma's Q3 revenues slid 7.6 percent in the third quarter to £824.8 million ($1.14 bn) from £892.2 million, according to a revenue update from its parent, Kering. North America saw an uptick but that was offset by declines in all other regions…
Skechers Q3 Profits Soar
Led by double-digit improvements in its domestic wholesale segment with ongoing momentum its its performance division, Skechers USA, Inc. reported third-quarter revenues climbed 20.1 percent to $515.8 million. Earnings jumped 143.6 percent, to $26.8 milli
Foot Locker Holds 13th Annual ‘On Our Feet’ Fundraising Gala
Foot Locker Foundation, Inc. joined together members of the athletic industry, as well as its business partners, on Tuesday, Oct. 22, at New York City's Gotham Hall to celebrate the 13th annual “On Our Feet” fundraising gala. The event will benefit e
Under Armour’s Q3 Net Jumps 27 Percent
Under Armour Inc. reported earnings rose 26.9 percent in its third quarter ended Sept. 30, to $72.8 million, or 68 cents a share, exceeding Wall Street's consensus estimate of 66 cents. Revenues jumped 25.7 percent to $723.1 million, led by strong d
Cabela’s Q3 Profits Expand 17 Percent
Cabela's Inc. reported net income in the third quarter increased 16.6 percent to $49.9 million, or 70 cents a share, compared to $42.8 million, or 60 cents, in the year ago quarter. Total revenue increased 14.8 percent to $850.8 million…
Cabela’s Sets Stores for Canada, North Carolina and Wisconsin
Cabela’s Inc. announced plans to open stores in three new markets – Nanaimo, British Columbia, Canada; Garner, NC; and Sun Prairie, WI…
Delta Apparel’s Sales Dip in Transition Quarter
Delta Apparel, Inc. reported financial results for the three-month transition period ended Sept. 28. Net sales were $122.6 million versus $130.1 million in the comparable prior year period. Net earnings were $0.6 million, or 7 cents per diluted share, com
Dr. Martens Sold to PE Firm
Permira Funds, a private equity firm that owns Hugo Boss and New Look, has bought R Griggs Group, the parent company and licensee of the Dr Martens brand, for £300 million (U.S. $486 mm)…
Deckers Outdoor Sees Modest Revenue Gains in Q3
Deckers Outdoor reported sales increased 2.7 percent in the third quarter, to $386.7 million compared to $376.4 million for the same period last year with modest gains from Ugg, Teva and Sanuk. Earnings slid 23.2 percent to $33.1 million, or 95 cents a sh
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