SGB Executive Sports & Fitness
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.
EMS, Bob’s Stores Return To Bankruptcy Court
Pending court approval, Sports Direct will become the stalking horse bidder in an upcoming bankruptcy auction as well as provider of debtor-in-possession financing to support the reorganization.
VF Outdoor And Wolverine Lead Eastern Outfitters’ Unsecured Creditors List
VF Outdoor, Wolverine World Wide, Carhartt and Under Armour were among those left with the largest unpaid bills in the bankruptcy case of Eastern Outfitters, the parent of Eastern Mountain Sports (EMS) and Bob’s Stores.
GoPro’s Revenues Again Fall Short
GoPro reported fourth-quarter sales that fell short of expectations and provided a weak revenue guidance for the first quarter, but management remained optimistic that it will return to profitability this year.
Deckers Profits Dragged Down By Sanuk Write-Down
Deckers Brands cut its guidance while reporting a sharply lower quarterly profit on lower sales during the holiday period and a write-down of its Sanuk sandals brand.
Calloway Golf Benefiting From Competitor Exits
On a conference call with analysts, Chip Brewer, president and CEO, described market conditions as “choppy with softness in both Asia and Americas.” But he said the overall golf market is becoming more rational, which bodes well for the long run.
HanesBrands Q4 Stung By Weak Replenishment
Blaming the disruption to brick & mortar stores caused by the shift to online selling, HanesBrands, the parent of Champion, reported fourth-quarter earnings that missed plan. The company also provided weak guidance for 2017.
Are EMS And Bob’s Stores Back On The Selling Block?
Seven months after emerging from bankruptcy proceedings, Bob’s Stores and Eastern Mountain Sports (EMS) are reportedly heading back to Chapter 11 proceedings and may have already found another buyer, Sports Direct International.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
Luke’s Locker Looks To Rebound In Bankruptcy Court
The company plans to reorganize in the near term around three locations in the Dallas/Fort Worth area. Company president Matt Lucas vowed to reestablish the Luke’s Locker franchise to support the North Texas running community.
Nike And Brooks Pace Luke’s Locker’s Unsecured Creditors List
Brooks, Nike, Asics and Saucony were among those left with the largest unpaid bills in the bankruptcy case of Luke’s Locker.
