SGB Executive Sportsmans
Gander Mountain Details Liquidity Crisis
In an affidavit urging the U.S. Bankruptcy Court District Of Minnesota to support its financing needs, Gander Mountain indicated that it has accumulated “substantial operating losses over the past two fiscal years” as a result of many of the challenges faced by other chains entering bankruptcy proceedings over the last year.
Camping, Firearms, Classic Footwear Drive 2016 Sporting Goods Revenues
Camping, firearms, classic footwear, soccer and lacrosse were among the strongest selling categories for the sporting goods industry last year, according to the just-released 2017 Sports & Fitness Industry Association (SFIA) Manufacturers’ Sales by Category Report.
Gander Mountain Files For Chapter 11
Gander Mountain Co., as expected, filed for bankruptcy in U.S. Bankruptcy Court for the District of Minnesota. The hunt & fish specialist plans to close 32 of its approximately 160 stores in coming weeks but is in active discussions with a number of parties interested in a going-concern sale.
Aisle Talk, Week Of March 6
Top headlines from the active lifestyle industry you may have missed this week.
Bogs Q4 Revenues Continue To Feel 2015 Winter Hangover
Thomas Florsheim, Weyco Group’s CEO, said, “While retailers are currently much cleaner than last year at this time, our sense is that they will continue to take a conservative approach towards inventory levels given the inconsistency of the weather the past couple of winter seasons.”
Dick’s To Eliminate 20 Percent Of Its Vendor Mix
While reporting fourth-quarter earnings that arrived slightly ahead of targets, Dick’s Sporting Goods Inc. said it’s implementing a new merchandise and vendor matrix that will reduce up to 20 percent of its brands.
5.11 Tactical Delivers Double-Digit Growth In Q4
Compass Diversified Holdings reported sales at 5.11 Tactical rose 19 percent in its fourth quarter while Liberty Safe’s fourth-quarter revenue rose 7 percent.
Aisle Talk, Week Of February 27
Top headlines from the active lifestyle industry you may have missed this week.
American Outdoor Brands Warns Of Firearms Inventory Gluts
“I think a number of retailers did make some bets on a different outcome, the presidential election,” said James Debney, president and CEO. “So they called that wrong. And I think that’s left somewhat of an inventory overhang over there.”
Big 5 Boosted By Competitor Exits
“We’re very encouraged that the profit and sales momentum has continued and actually accelerated into the first quarter of fiscal 2017,” CEO Steven Miller said on a conference call with analysts.
Aisle Talk, Week Of February 20
Top headlines from the active lifestyle industry you may have missed this week.
Sturm, Ruger Still Sees Strong Appetite For Firearms
Michael Fifer, CEO, on a conference call with analysts, said, “It appears to me, if you look over multiple years, that there’s wider acceptance of guns, wider availability. There’s more exciting, new products from all the competitors, not just Ruger. There’s more reasons to have guns now than ever before.”
Garmin Smashes Street Estimates In Q4
Showing Fitbit’s growth challenges are far from applying to them, Garmin reported fourth-quarter results that easily topped Wall Street’s targets.
Wolverine Q4 Reaches High End Of Guidance
While Merrell showed a decline of 7 percent and the Wolverine brand was down due to a repositioning, most of Wolverine Worldwide’s key brands showed moderate to strong growth.
Rocky Brands Looks For Pickup In 2017
“With respect to the work, western and hunting boot categories, 2017 is off to a better start than 2016, thanks to more operable weather conditions combined with easier comparisons,” said CEO Mike Brooks on a conference call with analysts.
