Though March was a slow month for M&A in the active lifestyle space, a handful of deals stood out, including JD Sports strategically shoring up its U.K. portfolio with the purchase of a rival retailer, BSN Sports continuing its acquisitive ways and CorePower Yoga being sold from one private equity firm to another.
Results for ""eric smith""
Firearms Market Share Opportunities Abound For Sportsman’s Warehouse
An earnings miss and the resignation of its CFO might have taken a toll on Sportsman’s Warehouse Holdings Inc.’s shares after Thursday morning’s release of fourth-quarter results, but the company is uniquely positioned for growth thanks to one category in particular—firearms.
Iconix Closes Book On ‘Challenging, Transitional Year’
After enduring the loss of some licensing agreements, the departure of some executives and the bankruptcy of a key customer, Iconix Brand Group, parent of Starter and Umbro, is happy to put last year behind it, according to CEO Bob Galvin, who called 2018 “challenging and transitional.”
Winnebago CEO Confident Of Market Resiliency As Headwinds Persist
Winnebago Industries Inc. CEO Mike Happe admits the recreational vehicle industry is facing some challenging wholesale headwinds, but he also believes the marketplace—and especially his company—is resilient enough to weather them.
Hibbett Shares Pop On Strong Q4, Store Closings, CEO Announcement
Shares of Hibbett Sports Inc. jumped $3.66, or 20.3 percent, to $21.70 at market close Friday after the company earlier in the day reported a strong fourth quarter but also announced the closing of 95 stores and the planned retirement of Jeff Rosenthal, president, CEO and self-described “sneaker dude.”
Caleres Counting On Q4 ‘Herculean’ Efforts To Pay Off In 2019
Caleres’ fourth-quarter performance was stymied by costs related to a pair of acquisitions and the transition of two distribution centers, but those “Herculean” efforts have positioned the company well for the second half of 2019, CEO Diane Sullivan said on Thursday’s earnings call with analysts.
Slinger Bag Looks To Serve Up Tennis Disruption
Israel-based startup Slinger Bag is out to disrupt the relatively small but lucrative tennis ball machine market with its new “launcher” of the same name. Bolstered by a massively successful Kickstarter campaign, the company has hired former Prince CEO Mike Ballardie and is now beginning production. Ballardie and CMO Juda Honickman spoke with SGB Media about the company’s ambitious plans.
Crocs Doubles Down On Digital
Change is afoot at Crocs Inc., where the company is not only relocating its distribution center and planning to move its headquarters but also ramping up its digital efforts, something company executives outlined this week during a presentation at the 31st annual ROTH Conference in Orange County, CA.
Mammut North America Turns The Page
Mammut North America in recent weeks named Kris Kuster as its managing director and opened a new office in Denver—strategic moves that should help the brand regain its footing after a shaky period. Kuster (left) and Chief Creative Officer Adrian Margelist spoke with SGB about what these changes mean and where Mammut goes from here.
Conversation With Callaway Golf CEO Chip Brewer
Chip Brewer, President and CEO, Callaway Golf Co., spoke with SGB Media recently about the still-developing plans to grow the company’s newest asset—outdoor apparel brand Jack Wolfskin—as well as his expectations for the golf industry in 2019.
RV Industry Convenes As Market Continues To Accelerate
The $50 billion recreational vehicle market keeps finding new horizons to explore and the next leg of its journey begins this week when the industry gathers in Salt Lake City, UT, for a revitalized trade show that is aligned with the start of camping season. “RVX: The RV Experience” is the new event offered by the RV Industry Association, and it’s just one reflection of a changing marketplace.
Mixed Signals Cloud Camping World’s Outlook
After Camping World Holdings Inc. on Thursday posted a fourth-quarter loss of $71.5 million, or earnings per share of (83) cents, due to an impairment charge and costs related to Gander Outdoors openings, the company’s stock tumbled in the high single digits. But a slight market rebound on Friday served as another example of the mixed signals that Camping World conveyed in its fourth-quarter earnings report.
Diana Seung Steps Into Camber Outdoors Role At Critical Juncture
Diana Seung, who was appointed interim executive director of Camber Outdoors after Deanne Buck resigned last month, spoke with SGB about her role in helping the organization heal internally and mend relationships with the outdoor community following Camber’s recent PR crisis.
John Walbrecht Unpacks Clarus Corp.’s ‘Superfan’ Brand Strategy
John Walbrecht, president of Clarus Corp., spoke with SGB recently about the holding company’s focus on “superfan” brands—product-centric disrupters such as Black Diamond that have carved a niche as market leaders with fiercely loyal customers.
Black Diamond’s Product Innovation Fueling Clarus Corp.
Product innovation across its entire portfolio—but especially at climbing and backcountry ski brand Black Diamond—helped Clarus Corp. notch a record year in 2018 and also positioned the company for solid growth in 2019 and beyond.