Results for ""eric smith""

SGB is back from the third annual Paddlesports Retailer show, held this week in Oklahoma City. We identified six takeaways from the event, including reaction to the format changes, why most paddlesports brands believe this show trumps Outdoor Retailer and the meaning behind one attendee’s description of demo day as “mayhem and awesome.”

The firearms market has proven ripe for Sportsman’s Warehouse Holdings Inc. of late, and the most recent evidence arrived Wednesday when the company reported a 3.3 percent increase in firearms sales and a 5.3 percent increase in firearms and ammunition sales for the second quarter. Now those numbers could grow thanks to both outside and company-directed factors.

Peloton, the exercise bike maker and interactive fitness provider, on Tuesday filed an S-1 statement with the Securities and Exchange Commission, officially announcing that it plans to raise $500 million in an initial public offering amid significant losses but impressive revenue growth. SGB digs into the IPO’s important facts and figures.

SGB dropped in on last week’s Elevated Bootfitting Academy, hosted by specialty retail buying group Sports Specialists Ltd. (SSL). The event brought together specialty ski shops and insole brands to share innovations and techniques in boot fitting—a customer service add-on that can elevate the specialty channel and the sport of skiing.

The paddlesports community is uniting this week in Oklahoma City for the third annual Paddlesports Retailer (PSR), which showcases the latest paddling products while also connecting brands and buyers. On the eve of PSR, Charles Conner and Darren Bush spoke with SGB about changes in the event and the industry.

Exxel Outdoors—whose portfolio includes Sierra Designs, Kelty, Ultimate Direction, Slumberjack, Wenzel, X2O and others—is moving its headquarters to Broomfield, CO, from nearby Gunbarrel in the first quarter of 2020. CEO Harry Kazazian spoke with SGB about how “growth mode” across all Exxel brands drove the decision to relocate.

Marisa Nicholson, Outdoor Retailer show director, and Amy Roberts, OIA executive director, spoke with SGB Wednesday afternoon about their joint decision to cancel the upcoming Winter Market in November and instead wrap it into January’s Snow Show, reducing the outdoor industry’s premier event to twice a year. Here’s what they said about the move.

Kohl’s Corp. rode a strong back-to-school performance and an advantageous partnership with Amazon to a second-quarter earnings and revenue beat. But costly promotions tempered the quarter while looming tariff increases sparked Kohl’s to lower profit margin expectations for the year.

Legitimate claim that Nike Inc. made illegal payments to high school hoops stars, or malicious attempt by desperate lawyer to clear his name of wrongdoing? That’s the question at the heart of the motion that attorneys for Michael Avenatti filed in federal court Wednesday to dismiss his recent indictment. SGB breaks down the latest in this ongoing saga, which includes accusations of payments to such stars as Zion Williamson.

Shares of Canada Goose Holdings Inc. didn’t take quite the nosedive Wednesday they suffered in May after the previous quarter’s softer profit outlook, but the company’s Q1 2020 performance—most notably margin decline and a widened loss—once again took a toll on its stock. CEO Dani Reiss shed some light on the reasons why in addition to what’s on the horizon for the brand.

Some apparel and footwear brands, along with a host of electronics companies, will see tariff hikes on their Chinese imports delayed until December 15 as President Trump hopes to keep the economy from tanking during the holidays. But the trade war rolls on with U.S businesses and consumers—including those in the sporting goods and outdoor industries—suffering the most.

Seattle, WA-based Outdoor Research recently opened a manufacturing facility in California to meet growing demand for tactical gear, primarily for military contracts. The company’s president, Michelle Wardian (center), spoke with SGB about the new plant and what else is happening at the longtime gear brand.

As Nike Inc. pursues its goal of $50 billion in annual revenue by 2022, the company is targeting both organic and acquisition growth. In the past week, the Beaverton, OR-based sports footwear and apparel giant hit milestones along each of those paths.

July was a busy month for M&A in the active lifestyle space, with a number of companies either acquiring growth in hopes of expanding their empires or shedding assets to rightsize their portfolios. This month’s M&A Roundup breaks down recent deals from Vail Resorts, Vista Outdoor and others.

Callaway Golf Co.’s $476 million acquisition of Jack Wolfskin, which was announced last fall and completed in January, raised plenty of eyebrows across the business world. But this newest asset paid off for Callaway in Q2 by delivering $48 million in sales, helping the company not only post a revenue beat in the period but also raise guidance for 2019.