SGB Executive Outdoor
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.”
Vista Outdoor Blames Q3 Woes Partly On Election
Chairman and CEO Mark DeYoung added that the post-election decline in demand for shooting sports product is continuing into its fourth quarter and is expected to continue into its next fiscal year.
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.
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.
Johnson Outdoors Q1 Shows Healthy Preseason Orders
Said Helen Johnson-Leipold, chairman and CEO, Johnson Outdoors, on a conference call, “Our core brands across fishing, diving and watercraft recreation brands are heading into the season with strong momentum.”
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.
