SGB Executive Footwear
Amer Sports Q4 Impacted By Postponements, Delays And Market Softness
On a conference call with analysts, Heikki Takala, president and CEO, noted that overall market “softened further” in the period. Amer Sports chose to “avoid promotions in a quite promotional environment,” boosting gross margins in the period.
Columbia Sportswear Delivers Upbeat Forecast For 2017
Again boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4 percent earnings growth on 4 percent sales growth for 2017.
Skechers Finds International Strength Can’t Offset Domestic Weakness
Encouragingly, Skechers ended the year with positive domestic and international backlogs and the highest incoming order rate for fourth quarter and full year in the company history.
Puma Predicts Sharp Earnings Gains For 2017
Closing out 2016 with double-digit growth in all regions and fatter gross margins in the fourth quarter, Puma SE offered a bullish outlook for 2017, expecting operating earnings to climb between 33 and 49 percent.
Mizuno Cuts Outlook On Americas Weakness
The Americas region showed an operating loss of ¥1.74 billion in the nine months ended December 31 as sales dropped 24.7 percent.
Eastern Outfitters Blames Bankruptcy On Credit Squeeze
In an affidavit filed in Delaware’s Bankruptcy Court, Mark Walsh, CEO of Eastern Outfitters, discussed the company’s recent liquidity challenges, its Sports Direct deal that will save 1,900 jobs and its close call with all-out liquidation.
Outdoor Retailer Exploring New Venue
At least partly due to industry concerns over Utah’s land policies, Outdoor Retailer will be soliciting proposals for venue locations for shows and events scheduled for November 2018 and beyond.
Fishing, Marmot And Rawlings Drive Newell’s Outdoor Q4 Gains
Helped by strong performances by its fishing segment as well as Marmot and Rawlings, the Outdoor Solutions segment of Newell Brands Inc. saw sales rebound in the fourth quarter, Newell Brands officials said on a conference call Monday with analysts.
EMS, Bob’s Stores Return To Bankruptcy Court
Pending court approval, Sports Direct will become the stalking horse bidder in an upcoming bankruptcy auction as well as provider of debtor-in-possession financing to support the reorganization.
VF Outdoor And Wolverine Lead Eastern Outfitters’ Unsecured Creditors List
VF Outdoor, Wolverine World Wide, Carhartt and Under Armour were among those left with the largest unpaid bills in the bankruptcy case of Eastern Outfitters, the parent of Eastern Mountain Sports (EMS) and Bob’s Stores.
Deckers Profits Dragged Down By Sanuk Write-Down
Deckers Brands cut its guidance while reporting a sharply lower quarterly profit on lower sales during the holiday period and a write-down of its Sanuk sandals brand.
HanesBrands Q4 Stung By Weak Replenishment
Blaming the disruption to brick & mortar stores caused by the shift to online selling, HanesBrands, the parent of Champion, reported fourth-quarter earnings that missed plan. The company also provided weak guidance for 2017.
Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
