SGB Update Sportsmans
Sportsman’s Warehouse To Hold Grand Opening in Moses Lake, WA
The store will be the ninth Sportsman’s Warehouse location in the state of Washington and 77th overall.
VF Issues Soft Guidance For 2017
VF Corp. reported fourth-quarter earnings were down, in line with guidance. Among its major brands in the quarter, North Face was down 8 percent, Vans grew 14 percent, and Timberland gained 4 percent. The company provided a weak outlook for 2017.
Rocky Brands Posts Q4 Loss On Creative Recreation Charge
The fourth quarter of 2016 included a non-cash impairment charge related to the Creative Recreation brand of $3 million.
FGL Sports Sees 5.1 Percent Q4 Comp Gain
Canadian Tire reported same-store sales at its FGL Sports segment grew 5.1 percent in the fourth quarter. Comps at Sport Chek climbed 4.9 percent.
Cabela’s Q4 Profits Slide
Cabela’s Inc., which has reached an agreement to merge with Bass Pro, reported earnings 26.3 percent in its fourth quarter ended December 31 as sales fell 4.9 percent. U.S. comparable-store sales decreased 6.4 percent.
Sportsman’s Warehouse to Hold Grand Opening In Cedar City, UT
Sportsman’s Warehouse is opening ninth location in the state of Utah in Cedar City.
Gander Mountain Retains Houlihan Lokey In Review Process
The privately-held firm said it issued the statement because “recent speculative news articles” had caused concern among its partners.
MC Sports Files For Bankruptcy
MC Sports, the Michigan-based sporting goods chain, filed for Chapter 11 bankruptcy Tuesday. The company is moving to hold liquidation sales at all of its 68 locations, but will use the reorganization to seek a rushed alternative funding or to find a buyer that might keep the stores open.
ComScore Reports 18 Percent Jump In Online Holiday Spending
Online buying on desktop computers grew 13 percent while mobile spending (smartphones and tablets) was up 45 percent.
Dick’s To Open Store In Cedar Park, TX
The retailer currently has three other Dick’s Sporting Goods locations in Austin.
L.L.Bean To Open Store In Cape Cod
L.L.Bean plans to open its fourth store in Massachusetts in Mashpee.
Report: Gander Mountain Exploring Restructuring
Gander Mountain Co. is reportedly preparing for a debt restructuring in bankruptcy proceedings, sources told Reuters.
Rocky Brands Plans To Appoint Internal Candidate CFO
Rocky Brands Inc. stated that based on its evaluation of candidates for the position of chief financial officer it expects to make an internal hire by early March.
ISPO Munich 2017 Draws Record Attendance
ISPO Munich 2017, held from February 5 to 8, saw a record of more than 85,000 trade visitors, an increase of approximately 6 percent over last year’s total of 81,368.
SOG Knives & Tools Promotes Two To Key Management Positions
SOG Specialty Knives & Tools promoted Patrick Carland to vice president of sales and Chris Cashbaugh to senior director of marketing.
