SGB Executive Sports & Fitness
GNC CEO Resigns Amid Retailer’s Strategic Review; Guidance Pulled
The sudden resignation of GNC Holdings Inc. CEO Michael Archbold threw much up in the air for the nutritional supplement chain.
Adidas Again Raises FY Outlook on Q2 Momentum
Adidas AG raised its full-year forecast for a fourth time this year after delivering healthy double-digit growth in its second quarter and benefiting from a special payment to bring an early close to its sponsorship deal with England’s Chelsea soccer club.
GoPro Sales Sliced in Half, Swings to Q2 Loss as it Cleans Up Inventory
The numbers were ugly, but Wall Street saw promise in a battered GoPro stock lifting it more than 10 percent July 28 after its second-quarter earnings results.
Garmin Ups Outlook on Robust Wearables Sales
Garmin Ltd. said double-digit growth at its Fitness and Outdoor segments enabled it to blow past Wall Street estimates in the second quarter and raise its guidance for the full year.
Puma Gets Boost From Euro Cup in Q2
Puma SE delivered another round of robust results in the second quarter, gaining a boost from a solid performance of its teams at the UEFA Euro 2016 as well as traction gained around its women’s initiatives, led by Rihanna. For the fourth straight quarter, however, the sizeable gains weren’t enough for the company to raise […]
Wolverine World Wide’s Q2 Encourages Investors
Wolverine World Wide Inc.’s stock surged Tuesday after it reported second quarter results and said it is nearly ready to sell underperforming brands.
Shimano Corp. Slashes 2015 Guidance
Shimano Corp. expects sales to fall twice as fast this year than it did three months ago due to a global oversupply of bicycles.
Bankruptcies, MAP Hurt Oakley, Ray-Ban in U.S.
Luxottica Group lowered its guidance to reflect the impact retail bankruptcies and a new MAP policy are having on U.S. sales of its Oakley and Ray-Ban brands.
Accell Group’s Results Charged Up By E-Bikes
Accell Group N.V. reported sales rose 9.7 percent in its first half ended June 30, to €629.7 million ($690.5 mm), boosted by sales of electronic bikes. Profits expanded 6.6 percent to €34.0 million ($37.3 mm).
Thule’s U.S. Sales Stall Amid Retail Turmoil
Retail bankruptcies and weak bike sales in the United States slowed Thule Group’s growth to a crawl in the Americas in the second quarter ended June 30.
Skechers Q2 Bogged Down by Domestic Sales Weakness
Strong double-digit growth from its international business and company-owned retail channel couldn’t offset a myriad of financial and logistical challenges in the second quarter for Skechers USA.
Aisle Talk, Week of July 18
A quick hit of the industry’s movers and shakers this week — hires, promotions, recognitions and new locations.
SSI Data: Sport Footwear Sales Jump in June
Despite some pricing pressures from retail bankruptcies and liquidations in the market, SSI Data’s latest retail point-of-sale figures for the fiscal month of June showed Sport Footwear sales rising 12.9 percent in dollars and by 19.9 percent in units.
Big 5, Walmart Poised to Pick Up Sports Authority Sales
Big 5 Sporting Goods and Walmart emerged as the biggest potential beneficiaries of Sports Authority’s demise based on an analysis of foot traffic.
Can a New EMS and Bob’s Survive Under Old Management?
Eastern Mountain Sports and Bob’s Stores exited bankruptcy reorganization July 19 under a new entity called Eastern Outfitters LLC, but its ownership and leadership pretty much remain the same.
