SGB Executive

Shares of Under Armour dropped $1.41, or 6.5 percent, to $20.44 Monday after J.P. Morgan resumed coverage of the company with a “neutral” rating and lowered its revenue estimates for fiscal 2020 on continued struggles in North America.

The Editors from SGB Executive present the first installment of SGB’s Annual Survey that gauges what the leaders in the active lifestyle market are projecting for 2020. Comments from JackRabbit, TRX, Outdoor Industry Association, Snowsports Industries America and more.

After two challenging years, stocks in the active lifestyle space saw a strong recovery in 2019 as the broader stock market delivered its biggest gains since 2013. Among stocks seeing their values spike were Yeti, Hibbett Sports, Lululemon, Skechers, Dick’s Sporting Goods and Sportsman’s Warehouse.

Top headlines from across the active lifestyle industry featured in SGB during the week of December 30, 2019.

As the new year gets underway, questions linger in the Active Lifestyle Market. The Editors at SGB Executive compiled 20 questions that are likely to dominate the headlines in 2020. The list is led by a big change at Nike and a host of political issues, from the trade war to firearms to climate change. 

For the second year in a row, the U.S. and China trade wars top SGB Executive’s list of the Top 10 stories in the active lifestyle space.
But other major stories emerged as well including the impact of firearms on brands and retailers, changes to the trade show landscape, Modell’s brush with bankruptcy, and more.

Change occurred at C-suites throughout the active lifestyle industry in 2019. For another one of our “year-in-review” stories, SGB has compiled the most notable ones, including the succession at Nike Inc., where John Donahoe (pictured right) replaces Mark Parker (pictured left) as president and CEO.

Top headlines from across the active lifestyle industry featured in SGB during the week of December 23, 2019.

2019 was filled with stories of success and failure across the active lifestyle marketplace, but—per usual for SGB Media—it was our in-depth coverage of such sporting goods retailers as Academy Sports + Outdoors, Dick’s Sporting Goods, Sportsman’s Warehouse, Bass Pro Shops, Modell’s and even the now-defunct Sports Authority that dominated our most-read list.

2019 saw consolidation accelerate across the active lifestyle market, but almost as remarkable as the sheer volume of M&A was the variety of deals that closed during the calendar year. Retailers and brands accounted for a majority of transactions, but a host of other privately held and publicly traded businesses pulled the trigger on industry-shifting moves. SGB has the full list from the last 12 months.

Payless ShoeSource, Shopko, Barneys and Fred’s led a number of companies that landed in bankruptcy court in 2019. Other filings included Skins, Campus Den, Loot Crate and Mad Dogg Athletics.

Friends who left us in 2019 included Columbia Sportswear’s Gert Boyle, Fila’s Jon Epstein, Burton Snowboards’ Jake Burton Carpenter and American Sporting Goods’ Jerry Turner.

Mark Parker isn’t exactly riding off into the sunset with his pending retirement from Nike Inc.’s top post—he will, after all, stay on the board and assume the title of executive chairman. But Thursday afternoon served as a swan song of sorts for the longtime leader. Nike’s chairman, president and CEO ran his final quarterly earnings call, and before he delivered the good news of Q2, he reflected on his 40 years with the footwear and apparel giant.

Nike Inc. crushed Wall Street’s earnings targets in the second quarter. Revenues were led by currency-neutral gains of 23 percent in China and 14 percent in the EMEA region. Digital sales vaulted 38 percent and the Jordan brand logged its first-ever billion-dollar quarter. The North America region came in lower than analysts’ expected but still accelerated from the first quarter.

Top headlines from across the active lifestyle industry featured in SGB during the week of December 16, 2019.