On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.
Thule Group’s sales in the Americas region rose 2 percent adjusted for currency fluctuations in the second quarter “in a challenging market,” according to Thule CEO and President Magnus Welander.
Dick’s said in a statement provided to SGB Exec: “We opened Chelsea Collective stores as a lab to more thoroughly understand the women’s specialty athletic business. As the leases at both locations are expiring soon, we have concluded the very successful experiment. We have learned a great deal from Chelsea Collective and the valuable insights will be transferred to Dick’s Sporting Goods to better serve our female customers.”
Citing disappointing sales, TomTom took an impairment charge to cover the entire goodwill of its Consumer segment of €169 million and said it is reviewing options, including a sale of its Sports business.
Christoph Bronder, president and CEO of Marker Dalbello Völkl, will assume the new role of president and CEO of the K2-MDV Holdings, LP, the new holding company that will own the K2 Sports and Marker Dalbello Völkl business units.
