Synchrony Financial’s 2016 Back-to-School Study predicts that back-to-school retail sales will expand between 3.2 percent and 3.7 percent for July through September. More than 1,850 parents and college students nationwide participated in an annual Back-to-School survey conducted earlier this month on behalf of Synchrony Financial. The survey found that 40 percent of college students indicated […]
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Newell’s Outdoor Unit Sees Fishing Offset Winter Weakness in Q2
Newell Brands Inc. reported that its Outdoor Solutions segment, formerly Jarden Outdoor Solutions, eked out a 0.5 percent gain in sales in its second quarter.
Deckers Outdoor’s Ugly But Upbeat Quarter
Deckers Outdoor Corp. reported an ugly first quarter as its losses widened and sales fell sharply. But at least they were a lot less ugly than expected.
Weakness in Oil-Dependent Regions Dips Rocky Brands
Unable to overcome weak economies in regions impacted by low oil and commodities prices, Rocky Brands Inc. reported a loss in the second quarter on a sharp decline in wholesale sales.
Sequential Brands Q2 Boosted by Strong Athletic Sales to Wal-Mart
Sequential Brands Group, which recently closed on the acquisition of the Gaiam yoga brand, said total revenue for the second quarter expanded 69.3 percent to $34.2 million. Revenues largely represent royalty payments from licensees.
Cabela’s Delivers First Quarterly Comp Gain in More Than Two Years
Cabela’s Inc., which is reportedly entertaining a merger with Bass Pro, reported second-quarter earnings that came just short of Wall Street’s targets. But management said aggressive price and promotion approach helped the hunt & fish retailer show its first quarter of positive comparable store sales since the third quarter of 2013.
Adidas Again Raises FY Outlook on Q2 Momentum
Adidas AG raised its full-year forecast for a fourth time this year after delivering healthy double-digit growth in its second quarter and benefiting from a special payment to bring an early close to its sponsorship deal with England’s Chelsea soccer club.
Adidas Lifts Guidance Again on Strong Sales
Adidas AG increased its full-year forecast for a fourth time this year after receiving boosts from the Euro 2016 tournament and a payment to bring an early close to a sponsorship deal with England’s Chelsea soccer club.
Puma Gets Boost From Euro Cup in Q2
Puma SE delivered another round of robust results in the second quarter, gaining a boost from a solid performance of its teams at the UEFA Euro 2016 as well as traction gained around its women’s initiatives, led by Rihanna. For the fourth straight quarter, however, the sizeable gains weren’t enough for the company to raise […]
Oil Patch Region Business Hampers Boot Barn
Boot Barn Inc. reported earnings plunged 72.5 percent in its fiscal first quarter ended June 25, to $624,000, or 2 cents a share. While same-store sales improved, the retailer continued to be impacted by softness in regions impacted by low oil and commodities prices.
Under Armour Heads Down Market to Kohl’s
Quickly finding a replacement for Sports Authority, Under Armour on Tuesday revealed plans to start selling to Kohl’s starting in 2017.
Skullcandy Go-Shop Ends, Negotations Begin
Skullcandy Inc. plans to explore a merger proposal with Mill Road Capital Management that may derail its anticipated merger with Incipio LLC.
Unsecured Creditors Seek Speedy Sports Authority Liquidation
The Unsecured Creditors Committee in the Sports Authority bankruptcy case is requesting that the case be converted from a Chapter 11 proceeding to a Chapter 7 case.
OBIT: Mike Cortezzo
Michael Anthony “Mike” Cortezzo, the former general merchandise manager at Bob’s Stores, has passed away.
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