SGB Update Sportsmans
ISPO Expands Its International Network
Following the new brand mission—to boost sports worldwide, bolster people’s enthusiasm and offer customers added value -ISPO is expanding its international network in the context of ISPO Academy with the addition of Brazil and India.
More Than 164 Million Consumers Plan To Shop Over Thanksgiving Weekend And Cyber Monday
The annual National Retail Federation survey finds that of those considering shopping the long holiday weekend, the survey found that 20 percent plan to shop on Thanksgiving Day (32 million) but Black Friday will remain the busiest day with 70 percent planning to shop then (115 million).
Bass Fishing Hall Of Fame Exhibit Opens
The first expansion within Wonders of Wildlife since its grand opening in September 2017, the all-new permanent exhibit is a gift from Johnny Morris to the Bass Fishing Hall of Fame.
Dick’s Names New Chief Technology Officer
Dick’s Sporting Goods named Paul Gaffney, formerly at Home Depot, as chief technology officer.
Dick’s Q3 Tops Target, Provides Conservative 2018 Outlook
Dick’s Sporting Goods reported third-quarter earnings that topped guidance but warned that 2018 earnings could decline by as much as 20 percent due to continued gross margin pressure, expected flat comps and ongoing investments.
Perry Ellis To License Guy Harvey For Fishing Collection
Perry Ellis International Inc. and Guy Harvey Enterprises announced the signing of an exclusive global licensing agreement for Guy Harvey apparel, which features the colorful, ocean-inspired artwork of world-renowned artist, conservationist, scientist and entrepreneur Dr. Guy Harvey.
Moody’s Places Vista Outdoor’s Ratings On Review For Downgrade
Moody’s Investors Services placed Vista Outdoor Inc.’s ratings on review for downgrade following its “very weak” quarterly operating results.
Camping World’s Q3 Sales Jump 25 Percent
Camping World Holdings Inc., the parent of Gander Mountain and Overton’s, reported net earnings rose 24.6 percent in the third quarter ended September 30 on a 25.0 percent revenue gain.
Sport Chek Sees Modest Comp Gain In Q3
Canadian Tire reported sales its FGL Sports segment were up 0.5 percent in the third quarter with same-store sales were up 0.4 percent. Same-store sales at Sport Chek were up 0.4 percent.
Vista Outdoor Accelerates Restructuring Efforts
While reporting a second-quarter loss, Vista Outdoor took combined charges of $152 million for write downs in its Sports Protection and Hunting and Shooting Accessories businesses. The company also announced plans to sell Bollé, Serengeti and Cébé and the elimination of the Shooting Sports segment president position.
CODI’s Q3 Cash Flow Expands
Compass Diversified Holdings (CODI), the parent of Liberty Safe, Crossman and 5:11, said its cash flow grew to $26.2 million as compared to $22.6 million for the prior year’s comparable quarter. Cash Flow for the third quarter of 2017 reflects year-over-year earnings growth in the company’s Advanced Circuits, Arnold Magnetic and Clean Earth businesses, offset by declines at the company’s other businesses.
Dick’s Sets 2017 Holiday Game Plan
Dick’s Sporting Goods’ holiday plans include extended store hours on Thanksgiving; Black Friday savings beginning on Sunday, November 19; exclusive styles from Adidas and the Bowflex M5; and free shipping on online orders.
Wolverine’s Q3 Profits Slump On Charges
Wolverine Worldwide Inc. reported earnings fell 51.9 percent on restructuring activities around its Wolverine Way Forward program, but adjusted earnings declined slightly and exceeded Wall Street’s target. Wolverine also raised its operating margin goal for 2018.
Lands’ End Becomes Official Outfitter Of The Weather Channel
The Weather Channel television network and Lands’ End announced a two-year partnership that will integrate the apparel brand into The Weather Channel’s live in-the-field coverage. Lands’ End will outfit the network’s on-camera meteorologists in outerwear and apparel.
Academy Sports Opens Sixth Central Florida Location
Academy Sports + Outdoors opened its newest store in Orlando.
