SGB Executive Sportsmans
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.
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.
Aisle Talk, Week Of March 27
Top headlines from the active lifestyle industry you may have missed this week.
Aisle Talk, Week Of March 20
Top headlines from the active lifestyle industry you may have missed this week.
Sportsman’s Warehouse Already Sees Comps Dropping In 2017
Sportsman’s Warehouse reported fourth-quarter earnings that were slightly below guidance due to the slowdown in firearms sales following the presidential election. Due to tough year-ago comparisons amid the slowdown, the hunt & fish specialist also predicted a double-digit comp decline in the first quarter and a mid-single-digit comp decline for the year.
L.L.Bean Weathers Boycott Threats
Apparently skirting any major impact from calls for a boycott over political contributions, L.L.Bean was able to deliver sales in 2016 that were flat against the prior year.
MC Sports To Wind Down Headquarter Operations Starting March 31
While still seeking a buyer for the business as a going concern as part of its bankruptcy recovery efforts, MC Sports plans to wind down operations at its headquarters and distribution center starting March 31.
Aisle Talk, Week Of March 13
Top headlines from the active lifestyle industry you may have missed this week.
Canada Goose Shares Soar On IPO Debut
The IPO offering of 20 million shares was priced at CA$17, or about U.S.$12.78 and opened at U.S.$18.05 in trading on the New York Stock Exchange. By late Thursday afternoon, shares had settled to close at U.S.$16.08, up 25.8 percent from its IPO price.
GoPro’s Shares Jump On Job Cuts, Raised Expectations
GoPro shares were up nearly 15 percent in late-trading Thursday after the company announced cost-cutting measures and forecast first-quarter earnings at the high end of guidance.
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.”
