SGB Executive Sports & Fitness
Aisle Talk, Week Of July 17
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Lays Off 100 In Restructuring
The layoffs, which follow a similar round of layoffs at its largest competitor, Dick’s Sporting Goods, come as the company has “identified new areas of focus where our energy and dollars will make a real difference as we continue to write our strategic growth story.”
Accell Group Sees Steep Revenue Decline in North America
The decline was due in part of the sale in April 2016 of Seattle Bike Supply, its parts & accessories activities in the region, as well as disappointing sales to multi-sports chains.
Sports Direct’s Profits Dragged Down By Weak Pound
On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.
Thule Sees European Momentum Offset Softer Americas In Q2
Thule Group’s sales in the Americas region rose 2 percent adjusted for currency fluctuations in the second quarter “in a challenging market,” according to Thule CEO and President Magnus Welander.
Dick’s Shutters Chelsea Collective
Dick’s said in a statement provided to SGB Exec: “We opened Chelsea Collective stores as a lab to more thoroughly understand the women’s specialty athletic business. As the leases at both locations are expiring soon, we have concluded the very successful experiment. We have learned a great deal from Chelsea Collective and the valuable insights will be transferred to Dick’s Sporting Goods to better serve our female customers.”
TomTom Reviewing Options For Sports Segment
Citing disappointing sales, TomTom took an impairment charge to cover the entire goodwill of its Consumer segment of €169 million and said it is reviewing options, including a sale of its Sports business.
Play It Again Sports Parent Sees Modest Q2 Profit Gain
Winmark Corp., the parent of Play It Again Sports, reported net income for the quarter ended July 1, 2017 of $5.8 million, or $1.29 a share, up from $5.4 million, or $1.25, a year ago, representing a gain of 7.4 percent.
Why Did Mission Apparel Launch On Amazon?
Josh Shaw, founder and CEO of Mission, said, “Mission had a handful of options to launch the new Mission Cooling Apparel line, but none compared to the synergy we saw in Amazon.”
Why Is On Leaving Amazon?
Caspar Coppetti, co-founder and global head of sales, On, stated, “The biggest issue with Amazon is lack of control over the story and experience we know that On customers appreciate. It also doesn’t support our specialty run doors.”
Dick’s Amps Up Price Match Guarantee
Dick’s Sporting Goods on Monday launched an expanded price-match policy that matches nearly all competitor’s online and offline prices, including Amazon, Wal-Mart and vendor websites.
Puma Raises FY Guidance On Q2 Momentum
Puma said it now expects that currency adjusted sales will increase between 12 percent and 14 percent. Previous guidance called for a currency adjusted increase at a low double-digit percentage rate.
Aisle Talk, Week Of July 10
Top headlines from the active lifestyle industry you may have missed this week.
Dick’s C-Level Continues To Undergo Revamp
Dick’s Sporting Goods’ hiring of Scott Hudler, formerly of Dunkin’ Brands, as SVP and chief marketing officer comes on top of a number of exec changes earlier in the year and underscores the sporting goods chain’s continued commitment to its omnichannel push.
Weak Second Quarter Growth Fails To Lift Outdoor Apparel Out Of The Red In 2017
It’s been a year of weak gains lately in the U.S. outdoor apparel market this year as sales growth of less than one percent in the calendar second quarter was not enough to offset the low- to mid-single-digit declines posted in the first quarter of the year, according to SSI Data.
