SGB Executive Outdoor
Under Armour Upgraded, VF Corp Downgraded
KeyBanc Capital Markets on Monday raised its rating on Under Armour due in part to its recent hiring of Patrik Frisk as COO. At the same time, the investment firm lowered its rating on VF Corp. due in its valuation and online weakness at its jeanswear coalition and Timberland.
Aisle Talk, Week Of September 18
Top headlines from the active lifestyle industry you may have missed this week.
E-Bikes The Focus Of BPSA’s First-Ever Annual Report
The Bicycle Product Suppliers Association (BPSA) released its first-ever Annual Report and, not surprisingly, grappling with safety and legal issues around e-bikes was a major discussion point.
Academy’s Challenges Continue In First Half
Moody’s downgraded the debt ratings of Academy Sports + Outdoors due to “difficult market conditions, including a highly promotional environment for athletic apparel and weak demand for firearms and ammunition,”
Roots To Accelerate Expansion With IPO
Roots, the Canadian lifestyle apparel chain, filed for an initial public offering to accomplish ambitious growth goals in the years ahead, including adding about a dozen new doors in the U.S.
Aisle Talk, Week Of September 11
Top headlines from the active lifestyle industry you may have missed this week.
Deckers Brands Receives Director Nominations From Marcato Capital Management
Deckers Brands confirmed that affiliates of Marcato Capital Management have nominated 10 director candidates to stand for election to the Board of Directors at Deckers’ 2017 Annual Meeting of Stockholders.
JD Sports First-Half Profits Climb
Boosted by a stellar performance from its Sports Fashion segment and a positive contribution from the recently-acquired Go Outdoors, JD Sports Fashion PLC reported profits before taxes climbed 32.7 percent in the first half ended July 29, to £102.7 million ($136.3 mm).
Cherokee Lowers Full-Year Guidance On Transition Hurdles
Cherokee Global Brands lowered its outlook for the year in part because the transition of its flagship Cherokee brand away from Target to its new wholesale licensees has been slower than initially anticipated.
American Outdoor Brands Slashes Guidance Amid Ongoing Firearms Softening
American Outdoor Brands slashed its earnings guidance for its fiscal year after reporting first-quarter results that missed expectations.
Aisle Talk, Week Of September 4
Top headlines from the active lifestyle industry you may have missed this week.
Strong Start For Hero 6 Lifts GoPro’s Q3 Results
Boosted by a strong early response to the launch of the Hero 6, GoPro Inc. hiked its guidance for revenue and gross margin for its third quarter ended September 30.
Duluth Trading Q2 Boosted By Brick & Mortar Success
Duluth Holdings Inc., the parent of Duluth Trading, reported robust second-quarter earnings that exceeded Wall Street targets as a strong payback from its aggressive store openings helped offset rising shipping costs from online orders.
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
