SGB Executive Sports & Fitness

Dick’s To Rein In Expansion After Rocky Q1

Said Ed Stack, chairman and CEO, “In 2017 we expect to open approximately 43 Dick’s stores, of which 19 are former TSA stores. In 2018 we expect to open between 15 to 20 stores – most of these leases are already signed. And in 2019 it can be as few as 5 to 10.”

Acushnet Sees Golf Market Improving

Said Wally Uihlein, Acushnet president and CEO, “So far in 2017, the global golf industry is in a good place. While the first few months of industry sell-in are always affected by items like weather patterns and retail trends, the outlook continues to be promising as the golf season gets underway around the world.”

Sport Chek Stung By Weather Woes In Q1

Winter jackets and winter boots categories declined due to the arrival of warm weather in January but athletic, hockey, accessories, licensing and ski/snowboard all showed gains.

Under Armour Off To Stellar Start At Kohl’s

Under Armour exceeded “a very aggressive launch” sales plan at Kohl’s with strong results across all categories, including men’s, women’s and children’s apparel, as well as footwear, said Kevin Mansell, the retailer’s CEO.

Adidas Sells TaylorMade At A Bargain

Adidas AG officially announced that it will sell its golf division for $425 million, a steep discount from the $1.4 billion it paid to acquire the brand from the French equipment maker Salomon in 1997.

Asics Corp. Q1 Impacted By Weakness In Europe And Americas

In the Americas region, sales declined 3.1 in the first quarter on a currency-neutral basis “due to market forces and additional retail partner store closings,” according to a statement from Asics America Group. Sales in the U.S dropped 9.3 percent.

Delta Apparel’s Q2 Boosted By Junk Food Sale, Higher Margins

For its second half, Salt Life and Art Gun are expected to continue their double-digit growth while continued improvements are projected for Activewear and Soffe. Soffe is expected to benefit from direct-to-consumer growth, including its first stores.

Dorel Sports Sees Cycling Profits Rebound

“Dorel Sports improved materially as a restructuring efforts and more cost efficient cost structure are now bearing fruit,” stated Martin Schwartz, president and CEO of Dorel Industries.

Adidas Brand Catapults 36 Percent In North America In Q1

Showing the brand is indeed regaining market share against Nike and several other competitors, Adidas Group reported currency-neutral revenues for the Adidas Brand vaulted 36 percent in the first quarter in the North America region.

Callaway Golf Sees 13 Percent Sales Increase For Q1

The better-than-expected first quarter resulted in a sales guidance increase of $45 million – $50 million to $960 million – $980 million, compared to prior guidance of $910 million – $935 million.