SGB Outdoor

Wolverine World Wide Sees Debt Ratings Downgraded

Moody’s downgraded Wolverine World Wide, Inc.’s debt ratings to reflect Wolverine’s “ongoing steep revenue and earnings declines and Moody’s expectations that the challenging retail environment will hinder the company’s ability to realize significant near-term benefits from its turnaround efforts.”

EXEC: Wall Street Reacts to Strong Q3 for Dick’s and Hibbett

The third-quarter earnings beats and raised guidance for both Dick’s Sporting Goods and Hibbett increased investor confidence that the athletic retail space is positioned to at least outperform the broader retail sector in a challenging marketplace, although some analysts were concerned about margin pressures at Dick’s.

SGB Media Thanksgiving Schedule

In observance of the Thanksgiving holiday, SGB Media is taking time to be with family and will not publish the SGB Evening Update on November 22 or the SGB Morning and SGB Evening Updates on November 23, or November 24. Publishing will resume on November 27, 2023. 

EXEC: Dick’s SG Beats Q3 Expectations, Bullish on Holiday Selling

Boosted by a “very strong” back-to-school selling season, Dick’s Sporting Goods posted above-plan third-quarter results, lifting its guidance for the year. Lauren Hobart, president and CEO, told analysts, “We are pleased with how our consumer is holding up within the sporting goods industry and then particularly that they’re choosing Dick’s increasingly to meet their needs.”

Dynastar celebrates 60th Anniversary

As Dynastar celebrates its 60th anniversary in 2023, its new for FW 2023/24, Hybrid Core 2.0 ski construction, is touted as part of its sustainability journey.