SGB Executive Sportsmans
Newell’s Play Segment Sees Strong Earnings Uptick
On a conference call with analysts, Michael Polk, Newell’s CEO, highlighted mid-single-digit growth from the Fishing and Team Sports segments although the improved earnings largely reflects the absence of year-ago inventory writeoffs post-acquisition.
Sturm Ruger Seeing No Sales Spike Post-Las Vegas
Said Chris Killoy, president and CEO, on its third-quarter conference call with analysts, “Obviously a very tragic event, but certainly nothing that we’ve seen any impact on.”
Garmin Q3 Boosted By Strong Outdoor Sales
Garmin’s Outdoor segment rose 31.2 percent, led by demand for its fēnix 5 watches as well as solid growth in its inReach devices and subscription services. The Fitness segment decline 11.6 percent, primarily driven by the decline of the basic activity tracker market and the timing of recent product introductions.
Big 5 Gaining Market Share Out West
Shares of Big 5 Sporting Goods jumped on Wednesday after the West Coast-based chain indicated it’s holding onto market share gained from the exit of older competitors (Sports Authority, Sports Chalet) while faring well against a newer competitor (Dick’s).
Under Armour’s Shares Crash On Slashed Outlook
Shares of Under Armour fell $3.89, or 23.7 percent, to $12.52, on Tuesday after the company significantly reduced its outlook for the year due to further erosion in its U.S. business and indicated the weakness would likely continue in 2018. Sales in the second quarter also fell short of Wall Street’s targets as sales declined for the first time since the company went public in 2005.
Aisle Talk, Week Of October 23
Top headlines from the active lifestyle industry you may have missed this week.
Columbia Sees U.S. Wholesale Returning To Growth First Half Of 2018
Columbia Sportswear’s third-quarter results came in better than expected as growth overseas and in its U.S. DTC business offset another steep decline in U.S. wholesale revenues. But officials predicted U.S. wholesale growth would resume in the first half of 2018.
Rocky Brands Q3 Impacted By Holiday Orders Shifting Into Q4
On a conference call with analysts, Jason Brooks, president and CEO, said retailers are “buying closer to need as they move more of their business online and don’t need the additional time to flow product to their stores.”
Aisle Talk, Week Of October 16
Top headlines from the active lifestyle industry you may have missed this week.
SidelineSwap Looks To Bring Re-Seller Market To Sporting Goods
Brendan Candon, SidelineSwap’s CEO, said, “By building a platform that’s hyper targeted on the sporting goods category, and simplifying the selling process, we’ve been able to attract a ton of athletes who otherwise would have let their gear collect dust in a garage.”
PrimaLoft Finds New Investor To Support Growth
Said Mike Joyce, president and CEO of PrimaLoft, “Our new partnership with Victor Capital will provide the capital, commitment and operating support to drive our technological innovation and market development to new levels.”
Aisle Talk, Week Of October 9
Top headlines from the active lifestyle industry you may have missed this week.
Bump Stock Makers Face Bans, Lawsuits
The clamor over “bump stocks” – the devices used by the Las Vegas shooter to make his rifles fire nearly as fast as machine guns – continues with increasing calls for outright bans and lawsuits arriving.
Aisle Talk, Week Of October 2
Top headlines from the active lifestyle industry you may have missed this week.
NRA Urges New Rules For Gun ‘Bump-Stocks’
The National Rifle Association on Thursday called for “additional regulations” on bump-stocks, a rapid fire device used by the Las Vegas massacre gunman.
