Callaway hired Nike’s former senior director of golf-ball innovation, while reporting better-than-expected third-quarter results.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Can Fitbit Keep Up The Pace?
Officials cited challenges in the Asia-Pacific region, some softening of demand and production issues with the new Flex 2 wristband for a weak year-end outlook.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Nautilus Leans On Strong Retail Sales Amid DTC Weakness
Strength in its retail supported by its Octane Fitness acquisition as well as double-digit organic growth offset weakness in its direct segment that was blamed on distractions from the U.S. elections.
Performance Sports Seeks Bankruptcy Sale By February
A deal in place would sell nearly all of its assets for $575 million to an investor group led by Sagard Capital, its biggest shareholder, and Fairfax Financial Holdings Ltd., but other bids may emerge in the bankruptcy auction.
Champion’s Sales Hurt By Bankruptcies
While acknowledging declines at specialty sports channels, sales gains for activewear within mass channels gave officials confidence that the dip will be temporary.
Deckers Brands Trims Guidance
Seasonal woes at its Ugg brand, following last year’s warm winter, are denting orders from retailers, but with a healthy inventory, officials are optimistic for the holiday season to come.
Brunswick Corp. Stung By Cybex Underperformance
While companywide sales grew 10.2 percent to $1.09 billion in the third quarter, they were lower than internal expectations due to weakness in its fitness segment.
Wilson Doubles Down On Baseball
Wilson President Mike Dowse said the brand sees opportunity to “further address the baseball category at every level of the game.”
Bass Pro Skirts Debt Downgrade
Despite “significant integration risks,” Moody’s said it was assured that the strategic benefits of a merger between Bass Pro Shops and Cabela’s outweigh the negatives.
Boot Barn Sees Profit Turnaround In Q2
New merchandise strategies helped the western boot retailer offset the drag of oil and commodity pressures that are affecting Texas, Colorado, Wyoming and North Dakota.
Why Cabela’s Is Eager For The Bass Pro Merger
In its first financial report since announcing the merger plans, the hunt-and-fish retailer showed that it could benefit from some of the scale that will come with the pending deal.
Puma’s Recovery Gains Further Momentum
Sales in the third quarter jumped 10.8 percent on a currency-adjusted basis, driven by a 17-percent hike in footwear in addition to celebrity partnerships.
Nordstrom CFO To Retire In Spring 2017
Mike Koppel joined Nordstrom in 1999 and has been the company’s chief financial officer since 2001.
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