Gander Mountain Co., as expected, filed for bankruptcy in U.S. Bankruptcy Court for the District of Minnesota. The hunt & fish specialist plans to close 32 of its approximately 160 stores in coming weeks but is in active discussions with a number of parties interested in a going-concern sale.
Category: Apparel
Hibbett’s Q4 Dragged Down By Legacy Sports Categories
Said Jared Briskin, SVP and chief merchant, ”The continued declines of some of our legacy businesses such as performance apparel and footwear, licensed products and equipment continue to reinforce our direction, focusing on sports-inspired fashion products for our stores.”
Bigtruck Scores Mikaela Shiffrin Collab
The Lake Tahoe-based lifestyle brand unveiled a collaboration with multiple World Cup Slalom Champion and Olympic Gold Medalist Mikaela Shiffrin.
Genesco’s Q4 Boosted By Lids Profit Rebound
Lids Sports Group doubled its operating profit in the fourth quarter on an 8 percent same-store gain, offsetting weakness at Journeys due to a fashion shift.
Buff Diversifies Run And Outdoor Accessories
The performance headwear brand launched new UV Arm Sleeves and a lightweight UV Cap to bring its run and outdoor accessories to a broader market.
Aisle Talk, Week Of March 6
Top headlines from the active lifestyle industry you may have missed this week.
Zumiez Sees Q1 Losses Widening
Said Rick Brooks, CEO, “We see heightened macro level economic unpredictability and continue to be impacted by other headwinds that have plagued the retail sector for most of the last few years.”
Dorel Sports Stung By Delays In Bike Purchases
Martin Schwartz, president and CEO of Dorel Industries, said, “Dorel Sports has worked throughout 2016 to position itself for an earnings rebound this year, excess industry inventories have been reduced and the ramp in discounting should not be repeated.”
Hibbett Sport’s Q4 Earnings Drop 30 Percent
Jeff Rosenthal, president and chief executive officer, stated, “Results did not meet our expectations for the quarter, although we were pleased with continued strength in our footwear business.”
Genesco Sees Slight Gain In Q4 Earnings
Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, “Fourth quarter EPS came in above last year’s levels and above expectations fueled in large part by better holiday selling than anticipated for most of our businesses.”
Dorel Sports Revenues Slump In Q4
The quarter’s revenue decline was due primarily to the change in North American CSG dealers’ purchasing habits to reduce their inventory prior to the cycling season.
VF/Majestic MLB Workers Hold Rally In Philadelphia
The rally comes amid expected changes as Under Armour replaces Majestic Athletic as the MLB’s uniform provider starting in 2020.
Reebok Opening Fitness Showrooms
Reebok is opening showrooms in cities that also offer ample spaces for fitness classes.
JackRabbit’s New Owner Eyes Expansion
Said Bill Kirkendall, CEO of JackRabbit, in an interview with SGB, “Our strategy is to consolidate all stores under the JackRabbit banner and grow organically and through acquisitions.”
Tough Mudder Continues Global Expansion With ESPN
Tough Mudder, Inc. announceD global expansion deals with ESPN Media Distribution and Sports Media and Entertainment 360 (SME360) that furthers the brand’s global content reach and geographic event footprint.
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