SGB Executive Sports & Fitness
UBS Global Survey Finds U.S. Athletic Slowdown Fears “Overblown”
A new consumer survey from UBS finds concerns about slowing athletic market growth in the U.S. are “overblown.”.
Sports Authority Strikes Deal with Lenders to Avoid All-Out Liquidation
Sports Authority negotiated a deal with lenders that will allow its liquidation sale process to continue. According to bankruptcy court documents, going-out-of-business (GOB) sales would have ended Friday without the agreement.
Why Was Canadian Tire’s CEO Ousted?
In a shocker, Canadian Tire, the parent of Sports Chek and one of the largest retailers in Canada, ousted its CEO, Michael Medline, less than two years on the job.
Play It Again Sports Parent Sees Q2 Income Expand
Winmark Corp., the parent of Play It Again Sports, reported net income rose 13.7 percent for the quarter ended June 25, to $5.4 million, or $1.25 per share.
Helly Hansen Delivers Turnaround Year
Helly Hansen, which was undergoing a cash crisis at the start of 2015, scored a major turnaround last year.
UFC Cashes Out
Heralded as the “largest deal ever in the history of sports,” UFC, the fast-growing professional mixed martial arts (MMA) organization, reached an agreement to be acquired by Hollywood mega-talent agency WME-IMG for $4 billion.
Total Hockey Seeks Sale In Bankruptcy Court
Total Hockey filed for Chapter 11 bankruptcy petition and is looking for a buyer.
Sports Direct Reports Disappointing Fiscal Year Results
Sports Direct International plc, which pulled its bid for hundreds of Sports Authority stores last month, reported margins flatlined at its sporting goods retailing segment in the fiscal year ended April 24 as sales slowed in the back half of the year.
Sports Authority Settles Consignment Vendor Claims
Sports Authority reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
Dick’s Sporting Goods Pushes Into California With TSA Lease Buys
Dick’s Sporting Goods will expand much more heavily into California, including its first store in Los Angeles, as part of its purchase of 31 Sports Authority (TSA) leases, according to an updated bankruptcy court filing.
With Sports Authority Trademark in hand, Dick’s Keeps Competition at Bay
In a move likely to make sure that its competition isn’t resurrected by a new owner, Dick’s Sporting Goods purchased the Sports Authority’s brand name and other intellectual property at bankruptcy auction.
A Peek at the Financials of EMS, Sport Chalet and Bob’s Stores
This week, we got a glimpse of Vestis Retail Group LLC’s books for May 2016, as the owner of Bob’s Stores, Eastern Mountain Sports and Sport Chalet reported back to the court as part of its reorganization, after filing for Chapter 11 bankruptcy protection in April.
Nike Predicts North America Bounce Back
Nike Inc. surprised some investors by reporting lower-than-expected sales for its fiscal fourth quarter, ended May 31, despite barely beating expectations on earnings, as it was impacted in North America by tough year-ago comparisons due to last year’s West Coast port slowdown as well as the need to clean up excess inventories in the marketplace.
Fleet Feet CEO on Specialty Run Glut, Omni-channel and 40 More Years
Since opening its first store in Sacramento in 1976, Fleet Feet has become one of the nation’s most successful retail franchisees, even ramping up its expansion efforts in recent years. We sat down with CEO Jeff Phillips to see what’s ahead.
