SGB Executive Sports & Fitness
Gildan Activewear Lowers 2016 Guidance, But ‘Very Bullish’ For 2017
Despite missing Wall Street’s revenue and profit estimates, plus lowering full-year guidance, investors were encouraged by Gildan’s 2017 outlook to send the stock up.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Nautilus Leans On Strong Retail Sales Amid DTC Weakness
Strength in its retail supported by its Octane Fitness acquisition as well as double-digit organic growth offset weakness in its direct segment that was blamed on distractions from the U.S. elections.
Performance Sports Seeks Bankruptcy Sale By February
A deal in place would sell nearly all of its assets for $575 million to an investor group led by Sagard Capital, its biggest shareholder, and Fairfax Financial Holdings Ltd., but other bids may emerge in the bankruptcy auction.
Champion’s Sales Hurt By Bankruptcies
While acknowledging declines at specialty sports channels, sales gains for activewear within mass channels gave officials confidence that the dip will be temporary.
Aisle Talk, Week Of October 24
Top headlines from the active lifestyle industry you may have missed this week.
By The Numbers, Week Of October 24
The leading figures from this week’s news in the active lifestyle space.
Brunswick Corp. Stung By Cybex Underperformance
While companywide sales grew 10.2 percent to $1.09 billion in the third quarter, they were lower than internal expectations due to weakness in its fitness segment.
Wilson Doubles Down On Baseball
Wilson President Mike Dowse said the brand sees opportunity to “further address the baseball category at every level of the game.”
Interbike’s First Fall CycloFest Shows Potential
The event’s first trade/consumer hybrid show delivered far fewer retail employees but more consumers than organizers expected.
Planet Fitness’ Comp Sales Keep Rising
Bucking the trend of general weakness in the active lifestyle retail space, Planet Fitness continued to prove that its fitness experience model can outperform.
How Much Can Garmin Gain From Fitness?
The GPS brand beat expectations in the third quarter thanks to margin growth from its rapidly growing fitness segment. However, those gains will be hard to sustain.
Puma’s Recovery Gains Further Momentum
Sales in the third quarter jumped 10.8 percent on a currency-adjusted basis, driven by a 17-percent hike in footwear in addition to celebrity partnerships.
Under Armour’s Weak Forecast Spooks Market
While the sporting goods giant logged a robust third quarter, officials warned that the company’s core apparel growth is slowing.
