SGB Executive

Mad Dogg Athletics, one of the pioneers of the indoor cycling craze, has filed for bankruptcy protection. The move follows three years of revenue declines that culminated in a loss in 2018 caused by a dispute over the termination of its Bodyblade license agreement. Other causes of the filing included heightened competition from Peloton, a botched website upgrade, and challenges transitioning its Spinner bikes’ license to Precor.

Wolverine World Wide reported second-quarter earnings that exceeded expectations but sales came in short and full-year guidance for revenues, gross margins and operating margins were reduced. On the bright side, Wolverine still expects revenues to accelerate in the second half as the company’s three largest brands, Merrell, Sperry and Saucony, combined expand 10 percent.

Although Acushnet Holdings Corp.’s $28.7 million acquisition of premium ski and golf apparel brand Kjus didn’t happen until the third quarter, CEO David Maher spent plenty of time on Wednesday’s Q2 earnings call discussing the company’s vision for its newest asset. He also explained why Acushnet views Kjus as a “great fit.”

Shares of Clarus Corp. closed the day down $1.87, or 14 percent, to $11.50 after the company on Monday said a sales decline at Sierra Bullets offset continued momentum at Black Diamond Equipment, resulting in a second-quarter revenue beat but an earnings miss. President John Walbrecht explains the countervailing winds that inversely affected the company’s portfolio.

Barneys New York Inc. filed for bankruptcy protection with a plans to close 15 of its 22 stores. The luxury chain plans to seek a buyer for the slimmed-down business and negotiate rent reductions with landlords. Moncler and Canada Goose were among vendors landing on the top-30 unsecured creditors list that read like a who’s who of fashion.

Tripp Wyckoff, president and CEO of Sherrill Inc., the Greensboro, NC-based distributor and retailer of arborist tools and climbing equipment, takes SGB behind the deal of the company’s recent acquisition of climbing rope manufacturer Sterling Rope Co. Inc. The company has big plans for its newest asset.

Johnson Outdoors Inc. reported Q3 sales improved 3 percent due to strength in its Fishing segment. Earnings declined modestly due to investments in online capabilities and the impact of tariffs.

While reporting Q2 earnings that missed estimates, Dorel industries’ officials described the U.S. tariffs on Chinese-made goods as the “most significant risk” to second-half results while indicating they’re causing “chaos” in the marketplace.

Newell Brands Inc. said sales at its Outdoor & Rec division declined again in the second quarter but sales are improving sequentially as the division anniversaries Coleman‘s loss of distribution at a key U.S. retailer.

Compass Diversified Holdings (CODI) saw its two primary brands in the outdoor and sportsman’s space—5.11 and Velocity Outdoor—head in different directions during the second quarter. While 5.11 exceeded the company’s expectations, Velocity encountered some headwinds that stunted growth.

Asics North America sales inched up 0.8 percent but it was enough to mark its second straight quarter of growth. The gains were led by “strong sales of the Core Performance Sports category and steady sales of the Performance Running category.” Online sales jumped 39.9 percent.

Emerald Expositions Events Inc. continues to beat the drum about Outdoor Retailer’s three-show cycle, which still has its doubters. During Thursday’s earnings call with analysts to discuss the company’s overall performance for the second quarter, Emerald’s recently appointed President and CEO Sally Shankland and CFO Phil Evans provided some color around the “cadence” of Outdoor Retailer.

Top headlines from the active lifestyle industry you may have missed this week, including industry and retail trade organizations reacting quickly to criticize President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports, taking effect on September 1, 2019.

Sturm, Ruger & Company Inc.’s sales in the second quarter plunged 25 percent and earnings fell even further. The results were hurt by the bankruptcy of the Ellett Brothers on top of continued stagnant demand for firearms.

The second quarter was an ideal period for Yeti Holdings Inc. to prove once again it offers much more than expensive coolers. During the period, Yeti launched new products and executed on strategic initiatives as the company’s earnings on an adjusted basis increased 23 percent on a 12 percent revenue gain.