SGB Executive Sportsmans
MC Sports Looks For Rebirth Amid Liquidation
In two diametrically opposed maneuvers, MC Sports is planning to quickly hold going-out-of-business sales at all its locations while also feverishly seeking a buyer or investor to avoid an all-out liquidation.
Nike and Under Armour Top MC Sports Unsecured Creditors List
The list of the top 20 unsecured creditors of MC Sports reads like a who’s who of the sporting goods industry. The largest sums were owed to Nike, $3.81 million, and Under Armour, $2.45 million.
Vista Outdoor Blames Q3 Woes Partly On Election
Chairman and CEO Mark DeYoung added that the post-election decline in demand for shooting sports product is continuing into its fourth quarter and is expected to continue into its next fiscal year.
Gander Mountain Mulling Chapter 11
Gander Mountain Co. may soon become the latest retailer in the active lifestyle space to land in bankruptcy court, perhaps as soon as this month.
Aisle Talk, Week Of February 6
Top headlines from the active lifestyle industry you may have missed this week.
Columbia Sportswear Delivers Upbeat Forecast For 2017
Again boosted by expanding gross margins and solid growth in its flagship brand, Columbia Sportswear reported fourth-quarter earnings that easily topped Wall Street’s targets. In its initial forecast, Columbia said it expects 4 percent earnings growth on 4 percent sales growth for 2017.
Johnson Outdoors Q1 Shows Healthy Preseason Orders
Said Helen Johnson-Leipold, chairman and CEO, Johnson Outdoors, on a conference call, “Our core brands across fishing, diving and watercraft recreation brands are heading into the season with strong momentum.”
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
Under Armour’s Growth Stalls
Hurt by heightened price competition on its basic technical apparel as well as admitted shortcomings in its more fashion-oriented offerings, Under Armour reported fourth-quarter results that came in short of Wall Street targets and provided a bleak outlook for 2017.
Luxottica Group’ MAP Policy Drives Q4 Turnaround In North America
The parent of Oakley, Ray-Ban and Sunglass hut said sales at constant exchange rates in the quarter were up 5.5 percent and 3 percent for the wholesale segment and the whole group, which includes its retail operations.
SHOT Show Gets Post-Election Boost
While the hunt and shooting industry may be grappling with a slide in firearms sales, the recent SHOT Show wound up being a boisterous affair and ultimately a celebration of Donald Trump’s surprising election victory.
Cabela’s Credit-Card Deal In Jeopardy
While Capital One could refile its application, Bass Pro could absorb Cabela’s credit card portfolio into its own portfolio or seek other suitors.
OIA On The Uncertain Future Of America’s Public Lands
Executive Director Amy Roberts and VP of Government Affairs Alex Boian spoke with SGB about the growing threat and why the outdoor industry needs to unite and fight.
What Does Trans-Pacific Partnership’s Exit Signal For Free Trade?
Nike, Dick’s Sporting Goods, The North Face and Under Armour all openly supported the ambitious Pacific-Rim trade pact. New Balance and Patagonia stood out in the industry for opposing the deal.
