SGB Update

Skechers Sues Adidas Over College Basketball Scandal

Skechers filed a lawsuit against Adidas over the allegations at the heart of the FBI’s investigation into college basketball. Skechers charges it was at an unfair disadvantage due to the alleged schemes whereby Adidas paid amateur players for their endorsements.

Buckle’s Comps Slide In April

The Buckle Inc. reported comparable store net sales, for stores open at least one year, for the four-week period ended May 5, 2018 decreased 3.4 percent from comparable store net sales for the four-week period ended May 6, 2017.

Canadian Tire Sees Earnings Dip In Q1 But Sales Improve

Canadian Tire Corporation, Limited  reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.

Canadian Tire Agrees To Acquire Helly Hansen

Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).

Mossberg Terminates Relationship With Dick’s Sporting Goods

O.F. Mossberg & Sons, Inc., the firearms manufacturer, announced the company’s decision to discontinue selling products to Dick’s Sporting Goods, and the company’s subsidiary, Field & Stream, in response to their hiring of gun control lobbyists in April.

Helinox Hires Marketing And Sales Chiefs

Helinox, the maker of  lightweight collapsible furniture, announced the hiring of a VP of marketing, Azul Couzens and a VP of sales, Trudy Hutton.