Finish Line Sales Accelerate In Q2, Officials Bullish On Holiday Selling
Same-store sales rose 5.1 percent at the athletic retailer. Footwear fueled gains, but inventory reductions cut into margins.
Aisle Talk, Week Of September 19
Top headlines from the active lifestyle industry you may have missed this week.
By The Numbers, Week Of September 19
The leading figures from this week’s news in the active lifestyle space.
Finish Line Q2 Earnings Slide Despite Comp Gain
Finish Line Inc. reported earnings declined 14.6 percent in its second quarter ended August 27, to $22.1 million, or 53 cents a share, in line with Wall Street’s consensus estimate. Finish Line comparable store sales increased 5.1 percent.
Dick’s Sporting Goods To Open In Medford, OR
Dick’s Sporting Goods will open a new Dick’s Sporting Goods and Field & Stream store on Friday, October 7 at Northgate Marketplace.
At Nike, Phil Knight’s Successor Focuses On ‘Personalized Performance’
Phil Knight may have retired from Nike, but his successor Mark Parker said the brand will continue Knight’s “obsession with serving the athlete.”
Osprey CEO Tom Barney Departs
Officials gave no reason for the departure, but said Barney would remain with Osprey until October 28, adding that the company is in the final stages of searching for his replacement.
Ibex Hires Regan Betts As Director Of Brand
Betts joins Ibex with extensive marketing experience specific to the outdoor industry, including formerly working with Smartwool.
More Americans Are Spending Less Time Outdoors
The latest annual figures show that more Americans are getting outdoors, albeit for for fewer total outings, underscoring broader challenges and opportunities in the active-lifestyle space.
Town Sports International Names CEO
Operator of New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs, Philadelphia Sports Clubs and BFX Studio appointed Patrick Walsh, executive chairman of the company, to CEO.
U.S. Retailers Urge Government To Resolve Hanjin Fallout
A coalition of 120 organizations, including the National Retail Federation and Outdoor Industry Association, are expressing concerns over the uncertain fate of the products stranded at sea.
Why REI Is Rebooting Its Bike Business
SGB talks with REI’s director of in-house cycling product on the decision to nix its 30-year-old Novara brand in favor of Co-op Cycles, with a greater focus on the trail.
Top Five Fittest Countries
According to an international research study that looked at a 50-country comparison of child and youth fitness levels, Tanzania is the fittest country, while the U.S. lags in 47th place.
Will Spring Football Be A Money Maker?
Several veteran sports media and finance executives are planning for the Spring League of American Football (SLAF) to begin play as early as 2018.
China Golf PGA Show Relocates To Shanghai
The China Golf-PGA Merchandise Show will relocate to Shanghai from its current location in Beijing for the 2017 show.
