SGB Executive Outdoor

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.

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.

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.

Outdoor Participation Shows Some Recovery

The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report found that 48.8 percent of the U.S. population participated in an outdoor activity at least once in 2016, up from 48.4 percent in 2015.