SGB Executive Sportsmans
Sports Direct’s Profits Dragged Down By Weak Pound
On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.
Dick’s Amps Up Price Match Guarantee
Dick’s Sporting Goods on Monday launched an expanded price-match policy that matches nearly all competitor’s online and offline prices, including Amazon, Wal-Mart and vendor websites.
Puma Raises FY Guidance On Q2 Momentum
Puma said it now expects that currency adjusted sales will increase between 12 percent and 14 percent. Previous guidance called for a currency adjusted increase at a low double-digit percentage rate.
Aisle Talk, Week Of July 10
Top headlines from the active lifestyle industry you may have missed this week.
Dick’s C-Level Continues To Undergo Revamp
Dick’s Sporting Goods’ hiring of Scott Hudler, formerly of Dunkin’ Brands, as SVP and chief marketing officer comes on top of a number of exec changes earlier in the year and underscores the sporting goods chain’s continued commitment to its omnichannel push.
Aisle Talk, Week Of July 3
Top headlines from the active lifestyle industry you may have missed this week.
Cherokee Shares Tumble On Q1 Loss, Covenant Violation
Shares of Cherokee Global Brands were trading down $2.85, or 37 percent, to $4.90 in mid-day trading Friday after the company reported a surprise first-quarter loss and said it was seeking amendments to comply with certain covenants in its credit facility.
Bass Pro/Cabela’s Merger Gains FTC Approval
In a regulatory on Wednesday, Cabela’s said the Federal Trade Commission informed the company on July 2 that it had closed its investigation of Bass Pro’s $5 billion buyout.
Simms Fishing Gains Minority Investment
Simms Fishing Products, headquartered in Bozeman, MT, has secured a minority investment from Castanea Partners. Terms of the transaction were not disclosed.
Aisle Talk, Week Of June 26
Top headlines from the active lifestyle industry you may have missed this week.
American Outdoor Brands Sees Steep Earnings Drop In Fiscal 2018
The parent of Smith & Wesson warned that earnings would decline sharply due this fiscal year due to still elevated firearms inventory levels in the marketplace and its intention to remain aggressive in maintain market share.
Survey: Americans Divided Over Gun Policy Issues
According to a comprehensive survey from Pew Research Center, a majority of Americans (52 percent) would like to see stricter gun laws, while 18 percent think gun laws should be less strict than they are today.
Why Did Amazon Join SFIA’s Board?
Tom Cove, SFIA’s president and CEO, told SGB, “People in the industry and people at the brand level are figuring out the e-com channel, figuring out the Amazon-specific relations, and even figuring out their own e-commerce/direct-to-consumer initiatives while also looking to maintain relationships with traditional retailers. It’s all part of the mix.”
SFIA’s Bill Sells Recalls Alexandria Baseball Practice Shooting
“It’s a little early for fireworks.” That’s what Bill Sells, VP for government relations at SFIA, literally said at 7:15 a.m. last Wednesday after hearing the first “pop” from a gunmen’s rifle at a baseball practice session of Republican lawmakers preparing for the next day’s Congressional Baseball Game.
Will Amazon’s Acquisition Of Whole Foods Transform Retailing?
Amazon shocked the retail world Friday morning by announcing that it had reached a deal to acquire Whole Foods Markets. While the move is largely seen as a way for the online giant to quickly way to gain a foothold in the grocery category, can the active lifestyle space be far behind?
