SGB Update

Sears Warns Of ‘Going Concern’ Doubts

Sears Holding, the parent of Sears and Kmart, warned Tuesday that it faces “substantial doubt” about its ability to stay in business unless it can borrow more and tap cash from more of its assets.

Sequential Brands Appoints CEO

Karen Murray, who previously oversaw Nautica and Kipling for VF Corp., replaces Yehuda Shmidman, who is stepping down.

Acushnet Sees 3 Percent Q4 Sales Gain

The parent of Titleist and FootJoy reported fourth quarter net sales of $329.8 million, up 3 percent year over year, or 1.3 percent in currency-neutral basis.

Perry Ellis Posts Q4 Profit

Oscar Feldenkreis, CEO, said, “While $12 million in revenues were held back in the fourth quarter as certain retail partners lowered shipments in a challenging retail environment, the strength of our sell through rates enabled us to recapture the majority of these sales shipments at the start of fiscal 2017.”

Nike’s Q3 Results Race Past Wall Street Targets

Nike Inc. reported earnings rose 20.1 percent in its third quarter ended February 28, easily exceeding Wall Street’s targets. Earnings were particularly helped by lower spending. Double-digit growth on a currency-neutral basis in Western Europe, Greater China and the Emerging Markets helped make up for a more-modest 3 percent growth in North America.

Under Armour Assists Local P.E. Programs

UA is providing financial assistance in the form of PHIT America GO! Grants to two schools in Baltimore and two schools in Washington, D.C. to jump-start their P.E. programs.

Haibike Opens eMTB Race Registration

The eMTB race is open to both men and women who will compete in six age categories and a Bosch sponsored “Industry Challenge” to benefit the National Interscholastic Cycling Association (NICA).