SGB Executive Sportsmans
Cabela’s Struggles Continue In Q2
In likely its last earnings report as a publicly traded company, Cabela’s blamed its poor performance on the slowdown in firearms sales since the presidential election, the Gander Mountain bankruptcy, and tough comparisons due to a number of shooting tragedies in the first half of 2016.
Big 5 Q2 Dragged Down By Weakness In Firearms, Camping And Water Sports
Shares of Big 5 Sporting Goods were down 85 cents, or 7.8 percent, to $10.10 on Wednesday after the sporting goods retailer posted second-quarter revenues that fell short of expectations due to weakness in firearms, camping and water sports. Third-quarter earnings are also expected to decline with comps off in the low single digits.
Under Armour Axes 277 Jobs Amid Restructuring
Shares of Under Armour fell $1.88, or 10.4 percent, to $16.23 Tuesday after the company reduced its annual sales and earnings forecast while announcing a restructuring plan that includes the layoff of 277 employees.
Escalade’s Q2 Boosted By Fitness And Basketball Momentum
Boosted by strength in its fitness and basketball product categories that offset margin pressures in archery, Escalade Inc. reported operating earnings in the second quarter rose 11 percent on an 8.1 percent revenue gain.
Columbia Sportswear Launches Project CONNECT Execution Plan
While reporting second-quarter results that were slightly better than expected, Columbia Sportswear announced that it had launched a new transformation plan, entitled Project CONNECT, to adjust to the “accelerating structural change” facing retail.
Aisle Talk, Week Of July 24
Top headlines from the active lifestyle industry you may have missed this week.
Camping World Adds TheHouse.com
Following its move into the hunt & fish space with its acquisition of Gander Mountain and Overton’s, Camping World is moving into the board and bike space by acquiring Minnesota’s TheHouse.com.
Rocky Brands Profits Rebound As Sales Stabilize
Said Jason Brooks, Rocky Brand’s new CEO, on a conference call with analysts, “Similar to the first quarter, our branded wholesale business showed signs of stabilizing.”
Aisle Talk, Week Of July 17
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Lays Off 100 In Restructuring
The layoffs, which follow a similar round of layoffs at its largest competitor, Dick’s Sporting Goods, come as the company has “identified new areas of focus where our energy and dollars will make a real difference as we continue to write our strategic growth story.”
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.
