SGB Executive

Wolverine’s Shares Sink On Cautious Guidance

Wolverine’s Shares Sink On Cautious Guidance

Wolverine World Wide reported sales came in slightly below Wall Street’s expectations but are expected to accelerate to mid-single digit growth in the back half of 2019 due to an expected turnaround at Saucony and accelerated growth at Merrell and Sperry. EPS guidance for 2019, however, came in below expectations as the company plans to ramp up brand-building efforts this year. (Read More)

SFIA: Sports Industry Facing Too Many Casual Participants

SFIA: Sports Industry Facing Too Many Casual Participants

The annual SFIA Topline Participation Report found more Americans embracing healthy lifestyles in 2018, including notable gains in participation in a number of outdoor and fitness activities. But the study found tackle football participation taking another hit and overall gains being driven by casual rather than core participants. (Read More)

SportChek Q4 Boosted By Owned-Brands Push

SportChek Q4 Boosted By Owned-Brands Push

Canadian Tire Corp reported that its SportChek segment saw same-store sales climb 2.5 percent in the fourth quarter, helped by a strong reception to its owned brands, Ripzone, Helly Hansen and Woods. Said Allan MacDonald, Canadia Tire’s EVP of retail, "I'm pleased that our owned brand strategy has now taken root at Sport Chek where we have to compete with some of the greatest brands in the world.” (Read More)

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