SGB Executive Sportsmans
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Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
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Aisle Talk, Week Of April 24
Top headlines from the active lifestyle industry you may have missed this week.
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Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
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West Marine Optimistic For Rest Of 2017, Despite Q1 Loss
Matt Hyde, president and CEO of West Marine said during a conference call that the company was satisfied with sales through the first part of March, but then the northeast experienced a series of snowstorms that negatively impacted the results of their Spring Super Sale. The company was forced to close 42 locations due to the inclement weather.
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Under Armour’s Shares Jump As Q1 Loss Less Than Feared
Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.
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Academy Can’t Sidestep Industry Pressures
Unable to shrug off the many challenges facing the sporting goods channel, Academy Sports + Outdoors’ same-store sales slid in the low-single-digit range and management-adjusted EBITDA dropped 23 percent in 2016.
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Aisle Talk, Week Of April 17
Top headlines from the active lifestyle industry you may have missed this week.
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Rocky Brands Sees Profits Rebound
Said Mike Brooks, chairman and CEO, on a conference call with analysts, “While the retail environment remains challenging, many of our accounts started the year with improved inventory positions, which have created better at-once opportunities for certain of our product lines.”
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Bass Pro, Cabela’s Recast Deal To Appease Regulators
Shares of Cabela’s Inc. shot up $3.84, or 7.2 percent, to $57.53 Tuesday after it announced a two-step deal that eases one step in securing regulatory clearance for its mega-merger with Bass Pro.
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Is Casual Participation Growth More Important Than Core Growth?
Among the sports seeing healthier gains in core versus casual participants were a number of fitness-oriented activities, including yoga, cross training, bodyweight exercise & bodyweight accessory-assisted training, weight/resistance machines, treadmill and kettlebells. Others seeing higher growth in core versus casual participation included adventure racing, field hockey, volleyball (grass), target shooting (rifle) and mixed martial arts for competition.
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Aisle Talk, Week Of April 10
Top headlines from the active lifestyle industry you may have missed this week.
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Aisle Talk, Week Of April 3
Top headlines from the active lifestyle industry you may have missed this week.
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Remington Outdoor Undergoes Layoffs Amid Weakness In Firearms Sales
Remington wrote in its report. “We believe the change in the presidential administration has partially contributed to the industry slowdown in early 2017. These dynamics have led to higher or increasing inventory levels in the market associated with certain hunting and shooting related products.
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Gander Mountain Still Hopes For Going-Concern Sale
Despite reaching a deal with a group of liquidators to become the stalking horse bidder in a planned bankruptcy auction, Gander Mountain said it remains in talks with strategic investors interested in buying the retailer on a going-concern basis.
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Aisle Talk, Week Of March 27
Top headlines from the active lifestyle industry you may have missed this week.