SGB Executive Footwear
Aisle Talk, Week Of February 13
Top headlines from the active lifestyle industry you may have missed this week.
FGL Sports Delivers Another Banner Year
Duncan Fulton, president, FGL Sports, said on a conference call with analysts, “There is a lot of optimism and opportunity right now to get more out of the assets that we already have.”
Moosejaw Eyes Massive Outdoor Opportunity In Walmart Partnership
Moosejaw CEO Eoin Comerford told SGB that Moosejaw will now oversee the outdoor category across all Walmart’s online properties – Walmart.com, ShoeBuy.com and Jet.com.
Canada Goose Looks To Ramp Up Expansion With IPO
In its IPO prospectus, Canada Goose said it plans to continue its rapid growth by expanding into the Mid-Atlantic, Midwest and Pacific Northwest, moving into categories from knitwear to bedding and expanding online with its own stores and overseas.
Cabela’s Inc. Shares Slide Further On Weak Q4
Shares of Cabela’s Inc., already down this year due to concerns over the completion of its merger with Bass Pro, slid some more on Thursday after the hunt & fish specialist reported fourth-quarter earnings that came in short of expectations.
Shimano Group’s Q4 Impacted By Cycling Weakness
Shimano Group saw operating earnings in the fourth quarter slide 19.6 percent to ¥16.1 billion while net sales dropped 11.4 percent to ¥81.3 billion.
Gander Mountain Downplays Bankruptcy Speculation
Gander Mountain issued a statement noting that it had retained Houlihan Lokey as independent advisors as part of a review process, but also inferred the hiring wasn’t tied an imminent bankruptcy filing.
MC Sports Looks For Rebirth Amid Liquidation
In two diametrically opposed maneuvers, MC Sports is planning to quickly hold going-out-of-business sales at all its locations while also feverishly seeking a buyer or investor to avoid an all-out liquidation.
Nike and Under Armour Top MC Sports Unsecured Creditors List
The list of the top 20 unsecured creditors of MC Sports reads like a who’s who of the sporting goods industry. The largest sums were owed to Nike, $3.81 million, and Under Armour, $2.45 million.
OIA To Meet Utah Governor Herbert On Thursday
Amy Roberts, OIA’s executive director, along with a number of outdoor leaders will meet to ask the governor to stop all efforts to rescind the Bears Ears National Monument through executive order, to stop efforts to gut the Antiquities Act and “to support keeping our public lands public for all Americans to enjoy.”
Asics America Shows Some Stabilization In Q4
The company improved its profitability in the fourth quarter while lowering the rate of its sales decline versus recent quarters.
Hibbett Finishes 2016 With Q4 Shortfall
Wrapping up a rocky year for the sporting goods chain, Hibbett Sports Inc. warned it expects earnings to slump between 28 and 30 percent in the fourth quarter, well below guidance.
Payless Exploring Debt Restructuring
Payless Inc., which has been largely quiet since going private in 2012, is reportedly discussing a restructuring of its $600 million debt load with lenders while seeking to close about 1,000 stores.
Gander Mountain Mulling Chapter 11
Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month.
Aisle Talk, Week Of February 6
Top headlines from the active lifestyle industry you may have missed this week.
