SGB Executive Sports & Fitness
Aisle Talk, Week of August 29
Headlines from the active lifestyle industry this past week you may have missed.
By the Numbers, Week of August 29
The leading figures from this week’s news in the active lifestyle space.
Amer Sports Hits The Gas
The Finnish company will accelerate category expansion and store openings at Arc’teryx and Salomon in a bid to leverage better-than-expected organic growth.
Performance Sports Group Gets A Second Chance; Sale Possible
Parent to Bauer, Mission, Easton and Maverik brands gains extension from creditors to file its annual financial report, while confirming it’s hired a financial adviser to evaluate “strategic alternatives.”
Genesco’s Shares Crash On Disappointing Outlook
The company’s Journeys chain is being hurt by a fashion shift that’s “more pronounced than we have ever seen in the past.”
Shoe Carnival Narrows Outlook on Weak Back-To-School Start
Delayed buying hits athletic footwear sales, too, but rebound seen in August. “For the first time I can remember, footwear sales accelerated a day or two prior to school starting.”
Australian Retailer Reports Accelerating Comps
Fiscal 2015 and year-to-date results reported by Super Retail Group show demand for athletic and outdoor gear strengthening down under.
Famous Footwear Foiled By Back-To-School Procrastinators
While the footwear retailer has seen delayed back-to-school buying for years, the trend is “much more pronounced this year” with consumers buying at need or even beyond the traditional in the season.
Non-Traditional Sports/Fitness Activities Expand Their Appeal
Americans are trying out more varied and new types of physical activities, but it’s coming at the expense of traditional sports and exercises, according to the 2016 edition of SFIA’s State of the Industry Report.
Weak Outerwear Orders At G-III Signal Industry Hurdles Ahead
For vendors, unlike retailers, its never the bad winter that hurts them the most. It’s the following season that really bites.
Athletic Sparkles Again For DSW
While overall comps slid 1.2 percent in the period, athletics grew 13.5 percent, continuing a strong trend in recent quarters.
Badger Sportswear Deal Points To Healthy M&A Trends
Badger Sportswear, a family-owned supplier of team uniforms, performance athletic wear and fanwear, has become the latest “best-in-class” sporting goods platform to find a buyer.
Vista Outdoor Restructures Outdoor Group
Restructuring includes new leadership at CamelBak and Bell.
Colorado Retailers Vie For Sniagrab Sales
Christy Sports and Colorado Ski & Golf are about to find out a lot more about how the demise of Sports Authority is going to impact the upcoming season.
Sports Authority Revised Exec Bonuses Draw Fire
The Justice Department’s U.S. trustee states, ““The debtors appear, once again, to be prioritizing insider executives above all other parties in interest, including unsecured creditors and the thousands of employees who have already lost their jobs.”
