SGB Update

Vista Outdoor’s Q3 Earnings Surge

Vista Outdoor Inc. reported earnings vaulted 121 percent to $73.2 million, or $1.22 a share, topping Wall Street estimates. Revenues advanced 24 percent.

Sport Chek’s Q3 Comps Grow 7.7 Percent

Canadian Tire Corp. reported same-store sales at its FGL Sports segment were up 6.2 percent in the third quarter. Same-store sales at Sport Chek increased 7.7 percent.

Puma Lifts Guidance After Robust Q3

Net earnings nearly doubled in the third quarter. Sales grew 10.7 percent on a currency-neutral basis, led by gains of 12.2 percent in the Americas region and 11.9 percent in the EMEA.

NRF: Retailers Ready To Work With New President

National Retail Federation President and CEO Matthew Shay congratulated the winners of Tuesday’s federal elections and pledged to work with President-elect Donald Trump and the new Congress on a pro-growth, pro-jobs agenda.

Nike To Open Mega-Store In Lower Manhattan

The five-story 55,000-square-foot location in New York City’s Soho neighborhood is designed to “deliver the best of Nike’s personalized services,” including exclusive trial spaces, product customization and access to digital platforms.

Adidas Launches Soccer Boot App

Adidas introduced a new concept of football shoes sold through an exclusive platform: the Adidas Glitch app.

Vapur Adds Sales Reps Across U.S.

The flexible water bottle manufacturer added new representation to seven key markets in the U.S. – Mid Atlantic and New England, Southern California, South and Southeastern U.S., Pacific Northwest and Hawaii.

GolfTec Reels From Golfsmith Closings, Opens Stand-Alone Centers

GolfTec, a provider of golf lessons and club fittings, will move forward with plans to open multiple stand-alone improvement centers before the end of 2016, and more than 20 new openings in major markets throughout the first half of 2017.

Local Reach

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GoPro Recalls Karma Drone

The recall involves approximately 2,500 Karma drones purchased by consumers since October 23.