SGB Executive Sports & Fitness
Nike and Under Armour Top MC Sports Unsecured Creditors List
The list of the top 20 unsecured creditors of MC Sports reads like a who’s who of the sporting goods industry. The largest sums were owed to Nike, $3.81 million, and Under Armour, $2.45 million.
OIA To Meet Utah Governor Herbert On Thursday
Amy Roberts, OIA’s executive director, along with a number of outdoor leaders will meet to ask the governor to stop all efforts to rescind the Bears Ears National Monument through executive order, to stop efforts to gut the Antiquities Act and “to support keeping our public lands public for all Americans to enjoy.”
Asics America Shows Some Stabilization In Q4
The company improved its profitability in the fourth quarter while lowering the rate of its sales decline versus recent quarters.
Hibbett Finishes 2016 With Q4 Shortfall
Wrapping up a rocky year for the sporting goods chain, Hibbett Sports Inc. warned it expects earnings to slump between 28 and 30 percent in the fourth quarter, well below guidance.
Gander Mountain Mulling Chapter 11
Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month.
Aisle Talk, Week Of February 6
Top headlines from the active lifestyle industry you may have missed this week.
Amer Sports Q4 Impacted By Postponements, Delays And Market Softness
On a conference call with analysts, Heikki Takala, president and CEO, noted that overall market “softened further” in the period. Amer Sports chose to “avoid promotions in a quite promotional environment,” boosting gross margins in the period.
Columbia Sportswear Delivers Upbeat Forecast For 2017
Again boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4 percent earnings growth on 4 percent sales growth for 2017.
Skechers Finds International Strength Can’t Offset Domestic Weakness
Encouragingly, Skechers ended the year with positive domestic and international backlogs and the highest incoming order rate for fourth quarter and full year in the company history.
Puma Predicts Sharp Earnings Gains For 2017
Closing out 2016 with double-digit growth in all regions and fatter gross margins in the fourth quarter, Puma SE offered a bullish outlook for 2017, expecting operating earnings to climb between 33 and 49 percent.
Mizuno Cuts Outlook On Americas Weakness
The Americas region showed an operating loss of ¥1.74 billion in the nine months ended December 31 as sales dropped 24.7 percent.
Eastern Outfitters Blames Bankruptcy On Credit Squeeze
In an affidavit filed in Delaware’s Bankruptcy Court, Mark Walsh, CEO of Eastern Outfitters, discussed the company’s recent liquidity challenges, its Sports Direct deal that will save 1,900 jobs and its close call with all-out liquidation.
Delta Apparel Looks To Bounce Back From Q1 Loss
A number of extraordinary factors – including the liquidation of Sports Authority, Hurricane Matthew and unseasonably warm winter weather – led to a loss in its first quarter ended December 31. But expanding margins and momentum in some of its businesses are expected to lead to improving profitability for the rest of the year.
Outdoor Retailer Exploring New Venue
At least partly due to industry concerns over Utah’s land policies, Outdoor Retailer will be soliciting proposals for venue locations for shows and events scheduled for November 2018 and beyond.
Fishing, Marmot And Rawlings Drive Newell’s Outdoor Q4 Gains
Helped by strong performances by its fishing segment as well as Marmot and Rawlings, the Outdoor Solutions segment of Newell Brands Inc. saw sales rebound in the fourth quarter, Newell Brands officials said on a conference call Monday with analysts.
