SGB Executive Sports & Fitness
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.
Finish Line to Launch New Store Design Next Month, While Closing Others
The Finish Line plans to remodel 50-60 Finish Line stores this year using a new store design that will debut in July, the CEO of its parent company said June 24.
Incipio Expands Active-Lifestyle Reach with Skullcandy Acquisition
Incipio LLC, which makes everything from phone cases to smart plugs, is expanding its reach into the active-lifestyle market, reaching an agreement to acquire Skullcandy Inc., best known for its stylish and sporty headphones, in a cash deal worth $177 million.
Modell’s, Sports Direct Eyeing Bid for Bulk of Sports Authority’s Leases
Modell’s Sporting Goods and U.K.-based Sports Direct International PLC were identified by the Wall Street Journal Monday as the “bulk buyer” considering an 11th-hour bid for up to 200 Sport Authority store leases, intellectual property and e-commerce assets.
Golden Gate Capital On Course to Take Control of PacSun
With no additional bids for the business, Pacific Sunwear of California, Inc. (PacSun) cancelled its scheduled June 22 auction, paving the way for Golden Gate Capital to take ownership of the company.
De Facto DTC: Manufacturer Buying Specialty Fitness Retailers
Want to grow your business through direct-to-consumer and the omni-channel marketplace, but worry about alienating your independent specialty retailers? Here’s a solution — buy out the specialty retailers.
Newell Brands to Divest $250-300 Million That Could Include Active-Lifestyle Brands
Newell Brands, which now owns more than 50 sporting goods and outdoor brands after its recent acquisition of Jarden Corp., announced this week it has plans to divest product lines with combined annual sales of $250-to-$300 million over the next two to three years.
New HanesBrands CEO is a Shift, But No Shakeup Amid Slowing Sales
Investors weren’t particularly wooed, sending the stock down nearly 4 percent following the news.
Polartec CEO Defends Closing of Factory; Union Issues Plea to Patagonia
Saving companies and American manufacturing jobs, particularly in the textile industry, is not for the faint of heart.
Under Armour Designer Returns in Larger Industry Battle for Talent
Three months after leaving to take a job with Nike, Dave Dombrow, the mastermind behind the Curry 1, is coming home to Under Armour and getting a promotion.
Team Dealer Market Draws Nearly 200 to Charlotte, NC
Attendance at the three-day Team Dealer Market organized by reps in the Carolinas rebounded this year as the event returned to Charlotte, NC after a one year detour.
Can a New CEO at Performance Sports Group Lead a Comeback?
Performance Sports Group Ltd. has a tall task for its new CEO Harlan Kent.
Lululemon Lifts Outlook after Promising First Quarter
Lululemon Athletica Inc. upped its revenue outlook for 2016 as first-quarter sales came in stronger than expected and profits reached the high-end of its guidance.
