SGB Executive Footwear

SGB Industry Outlook 2018

Nearly 40 active lifestyle industry executives share their thoughts on where we’re headed next. Comments from Brooks, Smartwool, PGA Tour Superstore, United Sports Brands, Fleet Feet, PrimaLoft, The North Face, Osprey Packs, TRX Training, Wilson, Saucony, SKLZ and others.

Canaccord Genuity Upgrades Hibbett Sports

Canaccord Genuity hiked its rating on Hibbett Sports to “Buy” from “Hold,” lifted its price target to $30 from $17, and increased its fiscal 2019 EPS target to $2.00 from $1.59 previously.

Billabong And Quiksilver To Create Action Sports Giant

Two companies that have struggled in recent years –Billabong and Boardriders (formerly Quiksilver) – have agreed to merge in hopes of faring better together tackling the brutal action sports marketplace.

Wells Fargo Sees Dick’s As Long-Term “Survivor”

Wells Fargo upgraded its rating on Dick’s Sporting Goods to “Outperform” in part because it believes the company will ultimately benefit from the industry’s consolidation, much like Best Buy has done in the consumer electronics channel.

M&A Fever Continues In 2017

Cabela’s, Gander Mountain, Eastern Mountain Sports, Majestic Athletic, Icebreaker, Villa, JackRabbit, Ogio and SIA’s Snow Show were among the businesses sold in yet another busy year of M&A action in 2017.

Most-Read SGB Exec Stories In 2017

Bankruptcies again dominated the top 30-clicked stories for SGB Exec in 2017, but big changes at Dick’s Sporting Goods, Nike, Fleet Feet Sports, Brooks Running and others also caught some attention.

B Riley Raises Price Target On Finish Line

“We believe management sounded more positive on the outlook for more innovation and product newness for the end of 2017/beginning of 2018, though new product will likely still have a smaller impact due to penetration until F2H19,” wrote analyst Susan Anderson in a note.

Wall Street Reacts: Nike Q2

While some were dismayed that the North American marketplace recovery wasn’t more apparent, Wall Street was generally pleased with Nike’s better-than-expected second-quarter results.

Bass Pro Hints At Impending Layoffs At Cabela’s

In a letter to Cabela’s employees, Bass Pro Shops CEO Johnny Morris wrote that Cabela’s sales have been underperforming over the last few years and the overall company has been “under the weight of an extremely heavy corporate payroll.” The document also revealed a few details of the transition process as a result of the Bass Pro/Cabela’s merger.