SGB Executive

Ibex Finds A Buyer

Ibex, which ceased operations last November, has been sold to Flour Fund, a New York-based group led by David Hazan, a marketing expert.

Bass Pro Provides Update On Cabela’s Future In Sidney, NE

In a note to the media on Thursday, Bass Pro said 680 of Cabela’s corporate employees had applied for a voluntary buyout plan and that 290 would be leaving the company this week. A full-page ad in the Wall Street Journal also went out to support Bass Pro’s goal of donating any unused space in Cabela’s offices to bring jobs to the city of Sidney, NE. Full details here.

Dorel Sports Returns To Growth In Q4

”Despite a continued weak global bicycle market, Dorel Sports grew its top-line in Q4 improving considerably from the third quarter driven by strong performance in Cycling Sport Group (CSG)’s international business, and at Caloi,” said Martin Schwartz, CEO of Dorel Industries.

Acushnet Q4 Aided By U.S. Golf Industry Stabilization

Said David Maher, Acushnet’s president and CEO, “We like our position in the U.S. market heading into 2018 and are optimistic that the U.S. retail channel is in the best shape it has been in for some time.”

The Walking Company Returns To Bankruptcy Court

Blaming the challenges selling third-party wholesale brands with the rise of online selling as well as losing rights to sell Ugg, The Walking Company (TWC) filed for bankruptcy the second time in less than a decade.

Nautilus Seeing Healthy Response To Bowflex Treadmills

Nautilus Inc. said sales in its Retail segment were down in the fourth quarter due to timing issues but retail sell-throughs were strong for the Bowflex MaxTrainer as well as the recently-introduced Bowflex cardio line of treadmills and elliptical. Companywide, earnings were slightly down but in line with targets.

Shares Of Foot Locker Slump On Dismal Outlook

Shares of Foot Locker Inc. were down $5.84, or 12.7 percent, to $40.04 on Friday after the sneaker retailer reported weak fourth-quarter results and indicated the sales won’t likely rebound until the second half of 2018.

Americas Stars For Crocs In Q4

Crocs’ sales in the Americas region soared 13.6 percent in the fourth quarter. Wholesale revenues jumped 29.1 percent, driven by at-once sales as consumers continued to purchase clogs and sandals despite winter weather, and retailers restocked shelves.

American Outdoor Brands Sees No Firearms Rebound Arriving Soon

James Debney, president and CEO of the parent of Smith & Wesson, Battenfeld Technologies and Crimson Trace, said that he still believes the firearms market will eventually return to long-term growth but it will be a “lower to slower pace than experienced in the last 10 years.”

Gap Seeing Strength In Active Well Beyond Athleta

On the retailer’s fourth-quarter conference call with analysts, Arthur Peck, CEO of Gap Inc., described Athleta’s performance in 2017 as “extraordinary,” but also indicated that the Gap chain and Old Navy are also seeing strength in active and performance lifestyle.