SGB Executive Sportsmans

Under Armour Upgraded, VF Corp Downgraded

KeyBanc Capital Markets on Monday raised its rating on Under Armour due in part to its recent hiring of Patrik Frisk as COO. At the same time, the investment firm lowered its rating on VF Corp. due in its valuation and online weakness at its jeanswear coalition and Timberland.

Academy’s Challenges Continue In First Half

Moody’s downgraded the debt ratings of Academy Sports + Outdoors due to “difficult market conditions, including a highly promotional environment for athletic apparel and weak demand for firearms and ammunition,”

NSGA Highlights Importance Of Physical Retail

The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.

Camping World Lowers Re-Opening Target For Gander Mountain

On its second-quarter conference call, Camping World now says it may reopen as few as 40 former Gander Mountain locations, far short of earlier expectations, due to challenges renegotiating leases. Camping World also confirmed that the re-opened Gander stores will be much smaller than its traditional locations and feature significantly less footwear and apparel.

FGL Sports To Miss Revenue Goals For 2017

FGL Sports, which includes Sport Chek, is now expected to miss its ambitious growth goals for 2017 due to its sluggish sales through the second quarter, according to its parent, Canadian Tire Corp.